EDG News

Today's News

People in Elgin spend a lot of money on takindg care of themselves whether it is seeing a doctor, going to a barber salon or barber shop, exercising at a gym or purchasing beaty products such as shampoos and creams

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In Elgin, pets are more than just animals, they are beloved members of the family.

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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

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As Generation Z (born between 1997 and 2012) begins to make its mark in the workforce, the economic landscape presents significant challenges that could lead to a pullback in consumer spending

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.

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Affordability hurdles in the single-family housing market are keeping more Americans in the renter pool, pushing apartment lease renewals well above historical norms, according to a new multifamily report from Marcus & Millichap.

November 21, 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.

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.

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U.S. mortgage applications inched up 0.6% for the week ended Nov. 7 compared with the previous week, according to the Mortgage Bankers Association (MBA).

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

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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,

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Construction costs continued to climb in September as U.S. producer prices rose 0.3% from the previous month and 2.7% from a year earlier, according to delayed data released Tuesday by the Labor Department.

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National retailers eager to grow their store counts are running into an increasingly tight real estate landscape, as new retail construction in the U.S. lags historic norms. With

Today's News

U.S. spending on residential and commercial construction projects inched up 0.2% in August compared with July, reaching just over $2.1 trillion,

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.

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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).

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The amount of office space under construction in the United States has plunged to its lowest level in nearly 15 years, marking one of the sharpest contractions in the sector’s modern history.

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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