EDG News

Do you have a production-based business in Elgin? Take advantage of an exciting new opportunity to showcase your business and build local recognition!

Do you have a production-based business in Elgin? Take advantage of an exciting new opportunity to showcase your business and build local recognition! Register today to use the NEW Made in Elgin logo and join the ‘Made in Elgin’ directory!

What you need to know to start your day

The latest national surveys showed both consumer and small-business confidence flagging in response to stock market volatility and prospects for higher prices generated by international wrangling over U.S.-imposed trade tariffs.

Funding Opportunities

Tech Incubator Enhancement Program (Notice of Funding Opportunity 3503-2943) Description: “The intent of this program is to strengthen the overall Illinois tech network by increasing the resilience of existing tech incubators and encouraging investment in new incubators that are aligned with the State’s key growth industries, as outlined by the Illinois 2024 Economic Growth Plan (https://dceo.illinois.gov/content/dam/soi/en/web/dceo/documents/ilinois-2024-economic-growth-plan.pdf).”

What you need to know to start your day

U.S. industrial space demand has tapered off in recent quarters after a pandemic-fueled surge in warehousing and e-commerce distribution. That slowdown is expected to continue in the first half of 2025 before demand picks up in the second half, according to a new forecast report from NAIOP

What you need to know to start your day

U.S. annual inflation posted at 2.8% for February, down from 3% in January, as housing costs joined other categories showing moderation after several months of steep increases, the Labor Department reported Wednesday.

Office attendance hits post-pandemic high; US, Canada to renegotiate trade pact; Job openings rise

Office attendance for 10 large U.S. cities averaged 54.5% of pre-pandemic levels for the week ended March 5, reaching a new peak in tracking by Kastle Systems. It comes as large companies have increasingly been ramping up in-office work requirements while scaling back on remote and hybrid arrangements.

What you need to know to start your day

Severe winter weather and concerns over trade tariffs helped drive a February decline in U.S. retail sales from the prior month, though sales still surpassed those of a year earlier, according to the latest tracking by researchers at the National Retail Federation and CNBC.