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.

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Claire’s is relocating its corporate headquarters to an office building near O’Hare International Airport, marking a significant step in the retailer’s effort to rebuild after emerging from its second bankruptcy.

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According to the latest Survey of Consumer Expectations on the labor market, published by the New York Federal Reserve Bank on Monday,

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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.

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Consumers expect already elevated gasoline prices to rise another 9.4% in the coming year, the highest projection in four years, based on the latest national survey of expectations by the Federal Reserve Bank of New York. The average U.S. gas price has risen more than 30% since the start of the Iran war on Feb. 28, according to AAA.

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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.

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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.

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The Illinois Department of Employment Security released monthly employment numbers yesterday for Illinois municipalities, counties, and metropolitan districts for January 2026.

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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.

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U.S. retail sales recorded their largest increase in three years in March, driven largely by a sharp rise in gas prices, according to the Commerce Department’s latest monthly report released Tuesday.

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Soaring gasoline prices linked to the war in Iran played a major role in pushing U.S. consumer inflation sharply higher in March. Annual inflation rose to 3.3%, up from 2.4% in February, according to the latest data from the Labor Department.

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,

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The Elgin Development Group monitors Help Wanted Online (HWOL) job postings published by the Illinois Department of Employment Security.

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U.S. residential construction starts climbed 10.8% in March from the previous month and were also up 10.8% compared with a year earlier.

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The North American Industry Classification System (NAICS) is the standard used by Federal statistical agencies in classifying business establishments for the purpose of collecting, analyzing, and publishing statistical data related to the U.S. business economy.

Illinois Department of Commerce & Economic Opportunity

Breaking News: Additional Dollars Added to the Capital Ready Regional Site Readiness Program NOFO and Deadline Extended!

Illinois Department of Commerce & Economic Opportunity

Additional Dollars Added to the Capital Ready Regional Site Readiness Program NOFO and Deadline Extended!

Illinois Department of Commerce

Across the state -from Chicago to Carbondale- training providers, workforce partners, community organizations, and businesses host events highlighting programs in action and sharing what’s working. Events are designed to connect more employers and career seekers to proven, work-based solutions.

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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.

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.

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U.S. companies faced a notable increase in production costs in March, with prices for goods and services rising 4% compared to a year earlier.

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.

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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.

EDG News

U.S. retail and food service sales remained relatively stable in the early weeks of 2026 despite growing consumer uncertainty.

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.

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A global slowdown in population growth may create long-term challenges for commercial real estate demand and investment returns, according to a recent report from Oxford Economics.

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People love their cars and often have an emotional, psychological and physical connection to that hunk of metal.