EDG News
Investors re-engage with major markets away from the coasts
Chicago’s retail investment market held steady in 2025, posting $3.2 billion in completed transactions, in line with the $3.1 billion recorded the prior year.
Tony Lucenko
today's news
Hiring in the U.S. construction industry continues to hover near 20-year lows, as slowdowns across several project categories weigh on labor demand, according to a recent analysis of federal data by the Associated Builders and Contractors.
Tony Lucenko
today's news
Global investment in data centers reached a record $580 billion in 2025, surpassing spending on oil for the first time, marking a significant shift in infrastructure priorities. Expanding at an unprecedented pace, the sector is projected to require an additional $3 trillion for further buildouts by 2030, according to a report by Colliers.
Tony Lucenko
today's news
Despite ongoing economic uncertainty, U.S. consumer spending for Easter is expected to reach a record $24.9 billion this year, according to a survey released Tuesday by the National Retail Federation and Prosper Insights & Analytics.
Tony Lucenko
today's news
The Elgin Development Group tracks various bits of local data and uses this information to understand the local economic landscape.
Tony Lucenko
today's news
Rising oil and gas prices, driven by the ongoing conflict in Iran, could significantly impact U.S. household income and consumer spending in March, according to a new report from Oxford Economics.
Tony Lucenko
EDG News
Today, Governor JB Pritzker, the Illinois Department of Commerce and Economic Opportunity (DCEO), and the Illinois Economic Development Corporation (Illinois EDC) announced that Site Selection Magazine has named Illinois #2 for corporate expansion and relocations for the fourth year in a row,
Tony Lucenko
Grant Opportunities
The Illinois Department of Commerce and Economic Opportunity (DCEO) is pleased to invite you to an informational webinar on the Opportunity Zone 2.0 program, scheduled for 3:00 PM on March 19. This session is designed for economic development organizations, local governments, regional planning agencies, chambers of commerce, and other professionals engaged in community and economic development across Illinois.
Tony Lucenko
today's news
CoStar, a leading real estate data base, provides some interesting facts on properties and markets from Elgin to Naperville, and New York City to Tokyo.
Tony Lucenko
Illinois Department of Commerce & Economic Opportunity
Breaking News: Additional Dollars Added to the Capital Ready Regional Site Readiness Program NOFO and Deadline Extended!
Tony Lucenko
Illinois Department of Commerce & Economic Opportunity
Additional Dollars Added to the Capital Ready Regional Site Readiness Program NOFO and Deadline Extended!
Tony Lucenko
today's news
Office attendance across 10 major U.S. markets declined in late February, retreating from recent post-pandemic highs, according to the latest report from Kastle Systems.
Tony Lucenko
build-to-suit project is a significant addition
Opus has officially broken ground on a new, specialized 52,174-square-foot facility for family-owned Elgin Recycling in Gilberts, Illinois. This build-to-suit project is a significant addition to the Turnberry Lakes Business Park, strategically placing it near Elgin Recycling's corporate headquarters and one of its four existing Chicago-area scrap yards.
Terry Gajewski
Tween retailer is building up its supply chain after bankruptcy filing last year
The company that saved tween retailer Claire's from liquidation has leased a warehouse outside of Chicago for the chain, which is bolstering its distribution network as it attempts a rebound.
Tony Lucenko
today's news
U.S. restaurants posted modest performance gains in January, according to the latest data from the National Restaurant Association, though many operators continue to face ongoing business challenges.
Tony Lucenko
EDG News
U.S. retail and food service sales remained relatively stable in the early weeks of 2026 despite growing consumer uncertainty.
Tony Lucenko
EDG News
U.S. inflation held steady in February, with consumer prices rising at an annual rate of 2.4%, unchanged from the previous month. However, new data released Wednesday by the Labor Department showed that certain categories continue to experience faster price increases.
Tony Lucenko
today's news
People love their cars and often have an emotional, psychological and physical connection to that hunk of metal.
Tony Lucenko