EDG News

Amazon

Amazon is set to hire 250,000 U.S. workers to manage deliveries during the upcoming holiday season, even as analysts predict a sharp decline in overall seasonal hiring.

Real Estate

Confidence among commercial real estate professionals edged higher in NAIOP’s latest sentiment survey, reflecting cautious optimism driven by expectations of lower interest rates. While respondents remained concerned about rising material and development costs, most anticipate a more favorable business environment over the coming year.

Construction Industry

Construction project backlogs continued to decline in September, according to the latest data from Associated Builders and Contractors (ABC). The dip reflects a slowdown in contractor sales expectations, driven by reduced demand across several key industries.

What you need to know to start your day

Consumer sentiment remained low in October amid concern over the effects of the government shutdown, trade policies and lingering inflation.

What you need to know to start your day

The third edition of the data viewbook, known as ELGIN @ A Glance, has been completed and printed.

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

What you need to know to start your day

A Retail Demand Outlook looks at consumer spending in 2025 and projects spending for 2030.

Monitoring the Local Economy

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.

It's the Economy

The Federal Reserve lowered its benchmark interest rate by a quarter point Wednesday — its second cut of 2025 — bringing the target range to 3.75%–4%, the lowest in three years.

Government Shutdown

The ongoing government shutdown is expected to suspend funding for the federal Supplemental Nutrition Assistance Program (SNAP)

Holiday Shopping

Consumers are planning to spend slightly less this holiday season compared to last year’s record-setting pace, according to the National Retail Federation’s (NRF) latest annual survey.

Northeast Region Weekly Update-November 7, 2025

The Illinois Department of Commerce and Economic Opportunity (DCEO) is proud to celebrate Native American Heritage Month. This year’s celebration entails hosting an event uplifting Native American-owned businesses, amplifying Native American business leaders, organizations, and business enterprises throughout the state, and celebrating the Native American community here in Illinois.

What you need to know to start your day

There is approximately 19 billion square feet of industrial space in the U. S. with the Chicago Industrial Market, is the largest in the nation with approximately 1.4 billion square feet of space.

What you need to know to start your day

Mortgage applications declined 4.7% from the prior week for the week ended Oct. 3, though the volume of purchase applications rose 14% from a year earlier, according to the latest tracking by the Mortgage Bankers Association.

today's news

Confidence among multifamily developers strengthened in the third quarter as both financing and demand conditions showed improvement

Starting Your Day

Office attendance in 10 major U.S. metropolitan areas rose slightly in the week ending October 15, averaging 54.2% of pre-pandemic levels, according to the latest data.

Today's News

Office attendance in the 10 metro areas tracked by Kastle Systems averaged 54.8% of pre-pandemic levels for the week ended Oct. 29,

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.

Today's News

Private-sector employers added 42,000 jobs in October, exceeding expectations and marking a turnaround from September’s decline of 29,000,

What you need to know to start your day

September’s U.S. retail and food service sales declined 0.6% from the prior month while beating the year-earlier tally by 5.4% as consumers remained cautious ahead of the holiday shopping season, according to the latest tracking by the National Retail Federation.

Along with KDOT receiving top honors for Longmeadow Parkway from APWA Chicago Metro Chapter, Thomas Rickert, KDOT’s Deputy Director and Chief of Staff, was recently awarded the 2025 APWA Professional Manager of the Year –Administrative Management for his service to Kane County and the broader Chicagoland metro area as evidenced by 37 years of leadership for Kane County, the Kane Kendall Council of Mayors as Executive Director, APWA, and CMAP serving on regional committees.

Today's News

U.S. holiday retail sales are expected to top $1 trillion for the first time this year, according to projections from the National Retail Federation (NRF).

today's news

U.S. retail sales bounced back in October, rising 0.6% from the previous month and 5% year-over-year, signaling renewed consumer momentum ahead of the

Today's News

Despite overall economic challenges, U.S. consumer spending is set to see notable growth in 2025, largely fueled by the "wealth effect" driven by rising stock prices, according to Oxford Economics.

Workforce Development

Younger workers are finding it increasingly difficult to secure employment as hiring slows across many industries, according to a report released Thursday by the Conference Board.