Articles filed under Business Ledger AM Newsletter
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Northern Tool + Equipment opening first Chicago-area store in Mount Prospect
Oct 12, 2021 2:53 PM - Northern Tool + Equipment, a Minnesota-based supplier of high-quality tools and equipment, is opening a new, 23,582-square-foot store in Mount Prospect next month, company officials announced Tuesday. It will be the company's first in the suburbs and second Illinois. -
Dimucci land owner gets 5 more years to develop shopping center plan at Rt. 12, Old McHenry
Oct 7, 2021 10:03 AM - Due to market uncertainties, the owner of undeveloped land long targeted for a shopping center between Hawthorn Woods and North Barrington will get five more years to get the project moving. -
'Sad to see that close': Sears soon will end its 50-year run at Woodfield
Sep 17, 2021 4:20 PM - The Sears store at Woodfield Mall in Schaumburg, the iconic retailer's final location in Illinois, will close its doors in November as part of a corporate plan to "redevelop and reinvigorate the property," officials announced. -
$1 billion redevelopment would make it a dozen data centers in Elk Grove
Sep 17, 2021 6:37 AM - Elk Grove Village -- already home to 11 data centers -- is about to get one of the largest such storage sites in the Chicago O'Hare market, solidifying its placement as a Midwestern hub. -
Schaumburg Business Association to celebrate 20-year anniversary Tuesday
Sep 9, 2021 5:31 PM - Created just as the national psyche and consumer confidence suffered a devastating blow in September 2001, the Schaumburg Business Association next week will celebrate its 20 years representing the members of Illinois' second largest economy. -
Warehouse upgrade could be start of two-phase, $300 million data center expansion in Elk Grove
Aug 23, 2021 6:07 PM - Elk Grove Village's newest data center -- proposed for an old vacant warehouse in the middle of the sprawling village business park -- is the front end of a two-phase project worth a combined $300 million in new capital investment. -
Elk Grove promises TIF funds for new tech park hotel
Jul 30, 2021 12:04 PM - Elk Grove Village has promised a developer more than $1 million in tax increment financing funds and additional hotel tax rebates to open the lodge on the north end of the Elk Grove Technology Park. -
Rosemont awarding TIF dollars for two hotel redevelopments
Jul 19, 2021 6:33 PM - Rosemont plans to give tax increment financing dollars to developers of two hotel properties near the Allstate Arena as an incentive for their redevelopment and reopenings. -
Elk Grove Village hopes to pair jobseekers with companies in need
Jun 17, 2021 10:07 AM - Seeing all the "help wanted" and "now hiring" signs in storefront windows and throughout the Elk Grove Village industrial park -- as well as temporarily shutdown lobbies at some local fast food eateries -- has prompted Mayor Craig Johnson to organize the municipality's first-ever job fair. -
Aurora development takes off as growing hub for Asian businesses
Jun 14, 2021 12:58 PM - Chinese American real estate developer Eddie Ni's vision to revive the 360,000-square-foot former Yorkshire Plaza in Aurora involves creating the nation's largest Asian-chic lifestyle center, providing a one-stop destination for shopping, food, business, service, leisure and entertainment.
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