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WED, 8/5/2020

Wednesday, August 5, 2020

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Geneva aldermen have narrowly shot down a proposal offering economic incentives to help revitalize a vacant property at 124 W. Main St., formerly occupied by Bicycle Heaven and H4 Training. Mayor Kevin Burns now plans to ask the council to reconsider the measure Aug. 17.

Geneva aldermen narrowly deny incentives for new restaurant

A proposal to assist with the revitalization of a vacant downtown building was narrowly shot down by Geneva aldermen, some of whom expressed concerns over offering economic incentives to a new business amid the coronavirus crisis.
Grand Victoria Casino in Elgin became the third casino in Illinois to offer sports betting with the opening of its brick-and-mortar sportsbook this week.

Grand Victoria Casino in Elgin becomes third in state to open sportsbook

Grand Victoria Casino in Elgin opened its new sportsbook this week, becoming the third casino in the state to offer bets on sports since it was legalized last year.
NBC Tower

Feder: Layoffs hit NBC stations to meet 'changing economic environment'

On a day that Comcast-owned NBCUniversal reportedly cut up to 10 percent of its workforce nationwide, layoffs hit all three NBC broadcast properties in Chicago.
Foundations Spine & Well-Necessities will open in two tenant spaces covering roughly a combined 2,400 square feet in Foxfire Plaza in Palatine.

Chiropractic office approved for Foxfire Plaza in Palatine

Palatine village council members Monday night will consider a proposal for a chiropractor's office with expanded services such as Chinese herbal medicine to occupy more than 2,000 square feet of space in a mall featuring a Butera supermarket at Rand and Hicks roads.
Sen. Dale Fowler, left, chats with Gov. J.B. Pritzker about plans for the new port project in Cairo that Fowler expects will provide an economic boost for all of southern Illinois.
State investing $40 million in hopes of making Cairo port a shipping hub
The state is about to invest $40 million into developing an inland river port that officials hope will produce thousands of new jobs and turn the small town of Cairo into a major shipping hub.
Marijuana dispensaries sold 1.2 million products in July, totaling $60.9 million in sales, according to the Illinois Department of Financial and Professional Regulation.
July cannabis sales set record at nearly $61 million
July was another record month for marijuana dispensaries in Illinois, with $60.9 million in total sales.
House Speaker Nancy Pelosi of California speaks Monday as she stands next to Senate Minority Leader Sen. Chuck Schumer of New York on Capitol Hill in Washington. Schumer and Pelosi met earlier with Treasury Secretary Steven Mnuchin and White House Chief of Staff Mark Meadows as they continue to negotiate a coronavirus relief package.
Progress slow on virus relief bill as negotiations continue
Negotiators on a huge coronavirus relief bill reported slight progress after talks resumed in the Capitol, with issues like food for the poor and aid to schools struggling to reopen safely assuming a higher profile in the talks.
Svengoolie
Feder: WGN Radio boss bans CNN, Fox News and Svengoolie
With Nexstar Media Group's "News Nation" primetime newscast set to debut September 1 on WGN America, anchors and correspondents from competing networks may no longer be welcome as guests on WGN 720-AM, the company's news/talk station, Robert Feder writes.
Great Lakes to work on Louisiana LNG facility expansion
- Great Lakes Dredge & Dock Corp. recently signed a subcontract with Bechtel Oil, Gas and Chemicals for the Train 6 and Third Berth expansions at the Sabine Pass Liquefaction Project for subsidiaries of Cheniere Energy Partners.
Gurnee Antique Market to be leveled, replaced by hotel
A developer has purchased the site of the recently closed Gurnee Antique Market near the highway to build a 114-room hotel, according to village officials.
Distributor pact expands PCTEL's global presence
PCTEL Inc. has entered into a master distributor agreement with Welotec, a distributor in Europe and an expert in industrial communication and automation expanding PCTEL's presence in Europe, Middle East and Africa.
Dan Meiklejohn
Business Ledger | Show me "more than" the money: Unlocking transition objectives for business owners
Individuals want to maximize the value received for their companies, but what about engaging in proactive transition planning to better position owners and their companies to attain "more than" the money?
                                                                                                                                                                                                                       
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