Green Bay Packaging

Green Bay Packaging Expands Operations In Illinois

Green Bay Packaging (GBP) is set to break ground for the construction of a new 170,000 square foot complex. Downers Grove was chosen as a central location to serve the Chicagoland area and allow for future growth of the business. 

With over 85 years of packaging experience, Green Bay Packaging is more excited than ever to add additional capacity to their growing footprint. Executive Vice President, Bryan Hollenback states, “Green Bay Packaging follows the needs of their customers and we have seen a strong increase in demand in the Chicago area. We are proud to extend our company’s service offerings, and our dedicated team of highly experienced professionals are ready to fulfill this demand.” 

“With this expansion, we are strengthening our operations in the Chicago area,” explained Will Kress, President and CEO of Green Bay Packaging. “This allows us to respond more quickly to changes in market demand and supply high quality products to our customers.”

The Chicago Distribution Center’s new plant in Downers Grove, IL will be a modern state-of-the-art building that will house a high-tech design department as well as expand warehouse capabilities.

“When we began looking for a new home for Green Bay Packaging’s Chicago Division, Downers Grove made a lot of sense because its central location allows us to efficiently service customers across the entire Chicagoland area.” said Kevin Shields, Vice President and General Manager of the Chicago Division. 

“We are absolutely thrilled that Green Bay Packaging has chosen Downers Grove in which to build their new 170,000 square foot facility,” said Mayor Martin Tully. “Founded in 1933, Green Bay Packaging is a company with a proud heritage that we warmly welcome and are honored to have join our community,”

About Green Bay Packaging Inc.

Started in 1933, Green Bay Packaging Inc. is a family-owned, vertically integrated company consisting of corrugated container plants, folding cartons, recycled and virgin linerboard mills, pressure-sensitive label rollstock, specialty converting operations, timberlands, and a sawmill facility. Headquartered in Green Bay, Wis., Green Bay Packaging Inc. is dedicated to innovative development of its products and forestry resources, with a focus on quality, sustainability and continuous improvement throughout all of its manufacturing facilities in 14 states. For more information about Green Bay Packaging., visit www.gbp.com

Choose DuPage Economic Indicators Report

DuPage County’s Business Climate Holds Strong in Third Quarter

Economic Indicators Report shows thriving healthcare industry; diverse industry growth.

Choose DuPage has released its 2018 Third Quarter Economic Indicators Report proving DuPage County’s sustainable economic health and consistent growth. Data shows DuPage County’s unemployment rates, as well as industrial and office vacancy rates, have all lowered over the past year. The county unemployment rates have dropped from 4.4 percent from the third quarter in 2017 to 3.1 percent, maintaining the lowest unemployment rate in the region. DuPage County’s steady and sustainable growth illustrates its capacity to cultivate new and expanding businesses for long-term growth. 

The healthcare and social assistance industries employ more than 75,000 workers in DuPage County—nearly 12 percent of the county’s workforce. The healthcare industry has added more than 14,000 jobs over the last five years and is projected to expand by more than another 1,200 jobs over the next year.

2018 Third Quarter Report Highlights:

  • DuPage County continues to maintain the lowest unemployment rate in the region at 3.1 percent – down more than one percent during this same time last year from 4.4 percent. The county’s unemployment rate is lower than both the State of Illinois (4.2 percent) and the United States (3.9 percent).
  • Since 2017-Q3, industrial vacancy rates decreased from 5.2 percent to 4 percent; while the office vacancy rate dropped from 16.6 to 14.7 percent.
  • The fastest growing industry in DuPage County continues to be the healthcare and social assistance sectors, expanding at an average rate of 4 percent each year over the past five consecutive years.

“DuPage’s economic indicators show continued development throughout the county,” said John Carpenter, president and CEO of Choose DuPage. “We’re seeing tremendous growth in the healthcare sector, including a variety of diverse industries and employers offering a number of high-paying job opportunities.” 

DuPage County is home to nearly 75,000 business taking advantage of the region’s highly educated and skilled workforce.  Together, these companies represent more than 652,000 jobs across a variety of industries operating throughout DuPage.

Download the Choose DuPage 2018 Third Quarter Economic Indicators Report here.

Alicona

Global Supplier Alicona Relocates US Headquarters to Hamilton Lakes in DuPage County

Austrian-based metrology company chooses Itasca property in DuPage County for U.S. HQ

Alicona, the world’s leading global supplier of optical 3D surface measurement solutions, recently moved their US headquarters to Hamilton Lakes in Itasca from Bartlett, Illinois. The relocation of the multi-million-dollar company will further expand the global footprint of DuPage County. Alicona has been hiring and expanding their product line leading up to their HQ move on September 15 and will bring an initial 10-15 jobs to the area.

Stefan Scherer, CEO of Alicona, selected the Hamilton Lakes site for its high quality and central location. “Hamilton Lakes, and specifically 150 Pierce, provides Alicona with the best combination of quality, visibility and accessibility as we introduce new products in the North American market,” said Scherer. Alicona is based in Austria, with additional subsidiaries in Germany, France, UK, USA, South Korea and Italy. 

Alicona’s new office space at Hamilton Lakes, a Hamilton Partners property, holds approximately 4,000 square feet on the first floor of the Pierce Road building. One of the leading commercial, retail and industrial real estate developers in the Chicagoland area, Hamilton Partners owns 20 properties in DuPage County. The company’s current portfolio includes 53 office, 50 industrial, 10 retail, and 6 residential properties totaling more than 20 million square feet of space in and around the Chicagoland area.

Fostering Foreign-Direct Investment (FDI) by opening world markets to DuPage County has become a top interest for leaders of the Choose DuPage Economic Development Alliance over the past few years.  In addition to domestic company growth and expansions in DuPage, working closely with the Illinois Department of Commerce & Economic Opportunity (DCEO) and Intersect Illinois, DuPage County has also expanded its global footprint with international businesses seeking to relocate or expand operations in the United States. Today, there are roughly 1000 locations of foreign-based firms representing 43 countries are located in DuPage County, providing workforce opportunities throughout the region. 

“Foreign-Direct Investment is a powerful engine for economic growth and prosperity creating jobs and spurring innovation,” said John Carpenter, president and CEO of Choose DuPage. “Alicona is a world-class global leader in technology and we are excited to welcome them to DuPage. Our market is robust, and we are proud to continue serving as an economic development model for the Chicagoland region community.”

Nearly 75,000 businesses have chosen DuPage County to establish and advance their enterprises. Low taxes and operating costs, strong labor demographics, an educated and skilled workforce, proximity to hotels and dining, as well as shopping, golf and recreational activities are just a few of the benefits DuPage County hopes will attract continued business development for the region. 

In Chicago, Data Centers are Moving to the Suburbs

Article published by Bisnow, August 28, 2018, view here

Chicagoland is on its way to becoming the next big data center hot spot. 

After a steady run of tight supply and high demand, the market is ramping up for construction on a number of new projects this year. The Chicago market added 43 megawatts of data center supply last year, and construction is picking up with 16.6 megawatts underway.

Limitations on power, paired with space constraints in Chicago’s downtown, has driven owners and operators to start building in Chicago’s suburbs. More available land options outside the city, in addition to lower average building costs and available power, has made suburban areas attractive destinations for large-scale data center developments. The village of Itasca, 27 miles outside of Chicago in DuPage County, is becoming the new hot spot for high-tech data centers. Just over 10 miles from Chicago O’Hare airport, the suburb is on the recently opened Interstate 390 extension of the Elgin O’Hare Western Access project. Itasca is leading the area around O’Hare to emerge as the Chicago region’s most active data center hub. 

“There’s definitely a herd mentality when it comes to not only data center owners and operators but data center tenants,” JLL regional Midwest director and co-leader of JLL’s Midwest Chicago Data Center Services Sean Reynolds said to Crain’s Chicago. “They want to be on the tour list as an owner of a data center.”

One data center company leading the herd is RagingWire. In January, the owner and operator bought 19 acres of data center space at Hamilton Lakes Business Park in Itasca. RagingWire brings instant credibility to the market. The company is a subsidiary of NTT, one of the largest information technology and data center solutions companies in the world, and operates massive data center facilities in Ashburn, Virginia, Northern California and Dallas — the first, second and third largest data center markets in the world, respectively. The Chicago data center market is fourth in the world, running neck and neck with Dallas.

RagingWire’s Itasca facility is in the beginning phases for a 200K SF data center. The center could eventually grow to be 500K SF, Hamilton Partners partner Patrick McKillen said.

The site will feature RagingWire’s latest data center designs, built for rapid deployment and mission critical operations, all at a market-leading price. The new design comes in single-story and two-story models and can be move-in ready in a matter of months. This speed to market, coupled with reliability and cost-effectiveness, will attract the big hyperscale cloud companies and Fortune 1000 enterprises to set up their computing systems at RagingWire in Itasca. 

“We are evolving and innovating our engineering designs and construction models to give hyperscale customers and large enterprises the functionality, flexibility and connectivity they need — all at lower costs than have been offered before,” RagingWire Vice President of Global Accounts Steve Manos said.

An extensive fiber network, affordable electricity costs and minimal risk of natural disaster have made the Chicago area one of the nation’s top data center markets. Chicago’s population density and growing employee base are attractive to data center users looking to locate their apps close to their users. Chicago also has a vibrant tech community of skilled workers ready to work in the data centers.

“First-quarter numbers indicated data processing, hosting and related industry operations employ more than 1,600 workers in DuPage County, earning an average annual wage of more than $96K,” Choose DuPage Economic Development Alliance President and CEO John Carpenter said. “This industry is not only providing attractive opportunities to our local workforce, the benefits these facilities offer to businesses looking for high-level data storage, recovery, resiliency and other critical data-related services are paramount for our continued regional economic development.”

Plans for a number of other developments targeting the tech sector are in the works in Chicago’s suburbs. For example, at the beginning of 2018, Brennan Investment Group announced plans to develop 86 acres of infill space into a $1B technology park in Elk Grove Village.

“With these high-quality data centers coming into Itasca, there is a direct benefit from tax revenue that goes into schools and services in the area,” Itasca Mayor Jeff Pruyn said. “There’s a strategic advantage to hosting a data center like RagingWire, and we are excited to see the continued growth it brings to our village.”

With more companies moving their operations to Chicago, and supply picking up as new construction permeates the outer suburbs, data center owners and operators are preparing for even more activity throughout the region. 

This feature was produced in collaboration between Bisnow Branded Content and RagingWire. Bisnow news staff was not involved in the production of this content.

Choose DuPage Economic Indicators Report

Mid-Year Economic Indicators Show DuPage County Remains a Regional Leader in Unemployment, Job Creation and Average Salary

DuPage County boasts lowest unemployment rate in region; average annual salary more than $61,000 

The 2018 Second Quarter Economic Indicators Report shows DuPage County remains a powerhouse in the region for economic growth. Mid-year data confirms DuPage County’s unemployment rates dropped to 2.6 percent – the lowest unemployment rate in the region and third lowest in Illinois. DuPage County is setting the standard by illustrating what a strong economy looks like, as well as proving itself to be an ideal location for businesses and job seekers looking to build and grow in a booming community.

2018 Mid-Year Report Highlights:

  • DuPage County consistently maintains the lowest unemployment rate in the region, falling from 4.2 percent in the first quarter to 2.6 percent; lower than both the State of Illinois (3.5 percent) and United States (3.6 percent). 
  • DuPage County’s current top job opportunities include positions in computers and mathematics, management, office and administrative support, business and financial operations, sales, transportation and material moving, and healthcare practitioners and technical operations. 
  • Industrial vacancy rates decreased from 5.5 percent to 5.2 percent; while the office vacancy rate dropped from 15.3 in the first quarter to 14.7 percent.
  • The current average annual salary in DuPage County is approximately $61,501 – higher than both the state ($56,136) and national ($53,893) averages.

DuPage County houses nearly 75,000 businesses representing 657,919 jobs across a variety of industries. Employment data indicates current top industries based on employment include healthcare and social assistance (74,715 jobs), professional, scientific and technical services (63,483 jobs), retail trade (62,185 jobs), admin/support/waste management and remediation services (59,337 jobs) and manufacturing (56,652 jobs).   

“DuPage County is home to nearly 75,000 businesses that are taking advantage of our highly educated and skilled workforce,” said John Carpenter, president and CEO of Choose DuPage. “Together, these companies represent a variety of diverse industries and employers who are establishing, and advancing their businesses within DuPage County, because of our dynamic business domain. DuPage offers an abundance of high-paying job opportunities—the date proves the time to make a move to DuPage County is now.”

CLICK HERE TO DOWNLOAD THE REPORT.

Western Access O'Hare

Don’t reinvent wheel on western access to O’Hare

Letter to the Editor of Crain’s Chicago Business

Letter published by Crain’s Chicago Business, July 13, 2018, view here.

A June 18 Crain’s Chicago Business editorial (“Better late than never at O’Hare“) lauded the recent agreement between the Illinois Tollway and the Canadian Pacific Railway, clearing the way for building a western access to O’Hare. Choose DuPage Economic Development Alliance and DuPage County officials share in celebrating the clearing of this final hurdle, but respectfully challenge the notion this agreement means planners must look at the entire project anew.

Certainly, market conditions have changed since the concept of Western Access O’Hare was first discussed. However, it’s important to recognize the planning and growth that have already taken place along O’Hare’s western corridor.

The project began with an addition of nearly 50 expressway lane-miles. By converting Thorndale Avenue into a limited-access, four-lane highway, it has created an extension to the Elgin-O’Hare Expressway, opening the opportunity to build a bypass that connects I-90 and I-294. The new I-390 tollway that opened last fall is part of the western access effort that will eventually connect to O’Hare, creating a western access point to the airport—a project vital to our region, and especially DuPage County.

Communities within 3 miles of western access have identified more than 30 planning areas where they are seeking to incentivize with development, or redevelopment, in the hopes of modernizing and diversifying economic sections. These plans include a downtown revitalization effort for Bensenville and Wood Dale, as well as Elk Grove industrial park modernizations.

Since 2014, the Choose DuPage Economic Development Alliance has worked with the Illinois Tollway and regional public- and private-sector leaders to establish the Western Access O’Hare Corridor as a premier global business location. According to the Elgin-O’Hare Western Bypass Advisory Council, the economic benefits of this project include the creation of 65,000 jobs by 2040; 13,450 jobs will be created annually in the region during construction. Travel delays will be reduced, saving an estimated $145 million annually by 2040, in addition to an expected increase of local tax revenues of $29 million annually.

As our region builds the foundation for successful development along the western suburbs bordering O’Hare, DuPage County continues to thrive, maintaining the lowest unemployment rate in the Chicago area and declining industrial vacancy rates. We would like to take this opportunity to invite the public and business community stakeholders to visit and see firsthand the ongoing progress associated with western access that is creating jobs and opportunity today.

DAN CRONIN
Chairman, DuPage County Board

JOHN A. CARPENTER
President and CEO, Choose DuPage Economic Development Alliance

ComEd

Powering Business Growth: ComEd’s Itasca Substation Expansion Update

Construction has progressed at ComEd’s Itasca Substation expansion project, which is part of a long-range plan to meet an anticipated need for more power in the western O’Hare region. ComEd crews have braved cold temperatures and winter weather to keep the project on-schedule. The Itasca substation expansion project will begin supporting economic development growth in a variety of sectors in Cook and DuPage Counties starting June 1, 2018.

 

Governor Recounts Investment and Business Growth Mission to Europe

Substantial investments in Illinois are likely to follow soon

Gov. Bruce Rauner, addressing the media to recap his 10-day investment and business growth mission to Germany and Poland, said today that he and his delegation of Illinois business leaders met with dozens of companies to discuss foreign direct investment in Illinois.

“We talked about some really exciting opportunities that are likely to result in substantial investments in our state in the coming months,” Rauner said. “Our meetings took place at critical stages in the decision process for some of these companies and we made Illinois’ case.”

Rauner revealed details of his mission at the headquarters of the Metropolitan Pier and Exposition Authority (MPEA). Near the end of his trip, he made the official announcement that MPEA will host Germany’s world-renowned manufacturing trade show brand at McCormick Place co-located with the International Manufacturing Technology Show (IMTS).

Combined, Germany’s HANNOVER MESSE and our IMTS will attract more than 125,000 visitors and produce hundreds of millions in economic impact for Illinois, and the City of Chicago and the Chicagoland area.

“This fall we are excited to welcome HANNOVER MESSE to McCormick Square for their first show in the United States,” said Lori T. Healey, CEO, Metropolitan Pier and Exposition Authority (MPEA). “I believe there will be in excess of 125,000 people here this year taking up every square inch of rentable space on this campus for this huge show. That’s a lot of people eating in restaurants, staying in hotels, and providing an economic boost for Chicago and the surrounding area.”

“IMTS has further enhanced its attractiveness as a ‘must attend’ international manufacturing technology destination by partnering with HANNOVER MESSE,” says Michelle Edmonson, Senior Director – Exhibitions Operations & Marketing. “Co-locating HANNOVER MESSE USA with IMTS 2018 increases the show’s emphasis on automation, robotics and Industry 4.0, with approximately 550 additional exhibitors occupying 130,000 sq. ft. of floor space.” 

“Growth-minded visitors will attend IMTS 2018 looking for solutions that remove production bottlenecks,” says Peter R. Eelman, Vice President – Exhibitions & Business Development at AMT – The Association for Manufacturing Technology, which produces IMTS. “For many manufacturers, simply doing more of the same thing in a larger space or adding more people isn’t a viable option. Growth requires change, and visitors view IMTS as a change agent. They come to the show knowing that they can find technologies that not just shave minutes off production cycles, but that can positively disrupt their manufacturing approach.”

According to the governor, the mission provided an opportunity to meet with companies that already have Illinois in their sights for investment. 

“This trade mission solidified the fact that we have a tremendous opportunity to revitalize our middle class through bringing manufacturing jobs back to Illinois. To do this, however, we need to ensure a strong workforce is in place and is prepared to fill these positions with the right skillsets.  At the end of the day, the positives Illinois has to offer far outweigh the negatives,” said Illinois Manufacturers Association President and CEO Greg Baise.  “This mission highlighted the employer demand—and incredible opportunity—to develop a direct pipeline of educated students and connect them to a workforce eager to hire them.”

The governor noted that the mission had a marketing aspect, as well. Illinois is the world’s 18th largest economy and its assets are well known to the 200+ German and Polish companies that employ more than 38,000 Illinoisans. But there are thousands more that don’t know the Illinois story.

Intersect Illinois CEO Mark Peterson, whose organization financed most of the trip, was also encouraged by the results. “This is only the beginning of the focused efforts that Intersect Illinois will lead in the coming years. Helping the State of Illinois to recruit new companies from  around the world and attract foreign direct investment is exactly what Intersect was created for. We look forward to announcing new investment in the coming months as a direct result of this trade mission.” 

“This is an exciting time for DuPage County and the region as a whole. Working closely with the Governor’s Office, the Illinois Department of Commerce & Economic Opportunity and Intersect Illinois, DuPage County has expanded its global footprint with international businesses seeking to relocate, or expand operations here,” said John Carpenter, President and CEO of Choose Dupage.                                                                                                        

Consuls General and U.S. Ambassadors arranged for hundreds of prospective investors to hear the Illinois story. 

“Over the course of this mission we talked to companies throughout Poland and Germany looking to build and grow relationships with Illinois,” said DCEO Director Sean McCarthy. “By making these connections and selling Illinois assets abroad we can bring a lot of foreign direct investment to Illinois.”

“We met with business and education leaders in two of Europe’s most compelling economies,” Rauner said. “Germany is a mainstay in world commerce and is a $3.4 billion customer for Illinois businesses. Poland is a rising economic star that has parlayed fiscal discipline into more than 25 consecutive years of economic growth. We look forward to seeing where these friendships lead.” 

Video of the event is posted here.

Choose DuPage Economic Indicators Report

Why to Choose DuPage: Robust Job Market with Excellent Opportunities

2018 First Quarter Economic Indicators show opportunities coming, including hundreds in healthcare

Choose DuPage has released its 2018 First Quarter Economic Indicators Report outlining DuPage County’s continued economic growth. While maintaining the lowest unemployment rate in the region, the average annual salary in DuPage County is higher than both the state and national average. Current employment opportunities in high-paying positions are also available in a wide range of industries throughout DuPage further showcasing it as an ideal location for businesses and job seekers looking to build a life in a thriving community. 

2018 First Quarter Economic Indicator Report Highlights:

  • DuPage County continues to maintain the lowest unemployment rate in the Chicagoland region at 4.2%, lower than both the State of Illinois (5.0%) and United States (4.4%). 
  • Industrial vacancy rates are currently at 5.5%; office vacancy rates dropped to 15.3% from 17.5% during the same period last year. 
  • The average annual salary in DuPage County is approximately $62,000 – higher than both the State of Illinois ($57,000) and United States ($54,000).  

Occupation Snapshot

Over the next year, the fastest growing industry in DuPage County is expected to be Healthcare Support Occupations with a +2.2% year-over-year rate of growth (adding 350 jobs). The next highest is Healthcare Practitioners and Technical Occupations with 1.3% growth (adding 419 jobs), followed by Personal Care and Service with 1.3% growth (adding 257 jobs).

“DuPage County has consistently maintained the lowest unemployment rate in the Chicagoland region while we continue to bring new business development to the area,” said John Carpenter, president and CEO of Choose DuPage. “The projected growth in the healthcare and personal care sectors alone will add close to 1,000 new jobs over the next year. Our market is robust and this is an exciting time DuPage County.”

The largest major occupation groups in DuPage County are Office and Administrative Support positions (106,367 workers), Sales and Related Occupations (71,836 workers), and Transportation and Material Moving Occupations (49,322 workers). Occupations in the DuPage with the highest average wages per worker are in Management ($118,700), Legal  ($101,300), and Computer and Mathematical Occupations ($87,000).Measuring future job growth by the number of advertised open positions indicates  there are nearly 20,000 online job opportunities in DuPage for careers in the Computer & Mathematical field, followed by over 15,000 in Management, and tens of thousands more across various sectors in white collar and blue collar industries.

CLICK HERE TO DOWNLOAD THE FULL REPORT

ComEd

DuPage County’s Energy Efficiency Success

ComEd works closely with its economic development allies to leverage our top-performing electric reliability, the competitive Illinois energy market, and our business-focused energy efficiency program to help power innovation and create jobs. 

DuPage County

Since 2008, over 6,700 DuPage County businesses have participated in the ComEd Energy Efficiency Program earning over $55.1M in total business incentives. These businesses have saved over 573,350,000kWh on their annual electric bill.

Greenhouse Gas Emissions Equivalent

DuPage County businesses’ energy savings equals an annual reduction in carbon dioxide emissions equivalent to:

  • 62,400 homes’ electrical use for one year
  • 75,900 cars off the road

The ComEd Energy Efficiency Program offers incentives, technical services and whole-building solutions to help businesses use energy more efficiently. For more information, visit ComEd.com/BizIncentives, call (855) 433-2700 during normal business hours to speak with a service representative or email ComEd at BusinessEE@ComEd.com