EDG News

today's news

A growing share of young adults are remaining in their parents’ homes, a trend that could shape future demand for both apartments and single-family housing as affordability challenges persist across many states, according to the National Association of Home Builders (NAHB).

today's news

A strong majority of business executives believe artificial intelligence will improve their work, even as many anticipate it will reduce workforce sizes, according to a global survey by the Conference Board.

today's news

Chicago’s retail market has strengthened significantly over the past three years, with vacant storefronts filling faster than at any point in nearly a decade. In 2022, lease-up periods averaged roughly 12 months, reflecting lingering pandemic uncertainty and an oversupply of large-format vacancies.

today's news

People in Elgin spend a lot of time on their electronic devices either at home or work.

today's news

The Elgin Development Group monitors vacancy rates in the City of Elgin and reports metrics from time to time to measure the status of the office, retail, housing, industrial, and overall real estate markets.

today's news

Home mortgage rates have seen a gradual decline in the final weeks of 2025, although surveys from U.S. lenders show that application activity has remained relatively subdued, according to industry analysts.

today's news

Household Budget Expenditures show what people in Elgin spent on average

today's news

Delayed September data show U.S. consumer spending and household income posting solid gains heading into the holiday shopping season, though analysts caution that inflation remains well above the Federal Reserve’s target.

today's news

U.S. labor costs and job openings have recently increased slightly in what remains a tight employment market, according to data this week from the Labor Department.

Illinois Department of Commerce

Governor JB Pritzker and the Illinois Department of Commerce and Economic Opportunity (DCEO) announced an additional $10 million in funding for the Job Training and Economic Development (JTED) Program for workforce training and wrap-around services that will bolster equitable workforce recovery for Illinoisans struggling to gain meaningful employment. As part of Illinois’ workforce recovery efforts, JTED grants focus on helping increase employment among workers and key sectors of the state’s economy. Grantees will be se

Illinois Department of Commerce

The third application period for Illinois’s NEVI grant program is open! This round of funding will provide up to $65 million for the construction and operation of light-duty and medium-/heavy-duty charging stations along Illinois’s public roadways, including Scenic Byways, U.S. Routes, and Interstates.

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.

Payment Created by Climate and Equitable Jobs Act to Protect Customers

ComEd today announced that over $803 million will be returned to customers under the framework established in Illinois’ Climate and Equitable Jobs Act (CEJA) enacted in 2021,

today's news

The U.S. homeownership rate remained steady at around 65% in the third quarter of 2023, according to the latest data from the Commerce Department, released Thursday.

today's news

Despite facing challenges like e-commerce growth, a global pandemic, and rising interest rates, U.S. shopping centers have proven remarkably resilient. As we head into 2026, these retail centers are attracting significant investment, making them one of the hottest sectors in commercial real estate.

today's news

The U.S. labor market showed signs of strain in October and November, as the unemployment rate climbed to its highest level in four years.