Tag: Itasca

Alicona

Global Supplier Alicona Relocates US Headquarters to Hamilton Lakes in DuPage County

Posted on | by brent

Austrian-based metrology company chooses Itasca property in DuPage County for U.S. HQ

Alicona, the world’s leading global supplier of optical 3D surface measurement solutions, recently moved their US headquarters to Hamilton Lakes in Itasca from Bartlett, Illinois. The relocation of the multi-million-dollar company will further expand the global footprint of DuPage County. Alicona has been hiring and expanding their product line leading up to their HQ move on September 15 and will bring an initial 10-15 jobs to the area.

Stefan Scherer, CEO of Alicona, selected the Hamilton Lakes site for its high quality and central location. “Hamilton Lakes, and specifically 150 Pierce, provides Alicona with the best combination of quality, visibility and accessibility as we introduce new products in the North American market,” said Scherer. Alicona is based in Austria, with additional subsidiaries in Germany, France, UK, USA, South Korea and Italy. 

Alicona’s new office space at Hamilton Lakes, a Hamilton Partners property, holds approximately 4,000 square feet on the first floor of the Pierce Road building. One of the leading commercial, retail and industrial real estate developers in the Chicagoland area, Hamilton Partners owns 20 properties in DuPage County. The company’s current portfolio includes 53 office, 50 industrial, 10 retail, and 6 residential properties totaling more than 20 million square feet of space in and around the Chicagoland area.

Fostering Foreign-Direct Investment (FDI) by opening world markets to DuPage County has become a top interest for leaders of the Choose DuPage Economic Development Alliance over the past few years.  In addition to domestic company growth and expansions in DuPage, working closely with the Illinois Department of Commerce & Economic Opportunity (DCEO) and Intersect Illinois, DuPage County has also expanded its global footprint with international businesses seeking to relocate or expand operations in the United States. Today, there are roughly 1000 locations of foreign-based firms representing 43 countries are located in DuPage County, providing workforce opportunities throughout the region. 

“Foreign-Direct Investment is a powerful engine for economic growth and prosperity creating jobs and spurring innovation,” said John Carpenter, president and CEO of Choose DuPage. “Alicona is a world-class global leader in technology and we are excited to welcome them to DuPage. Our market is robust, and we are proud to continue serving as an economic development model for the Chicagoland region community.”

Nearly 75,000 businesses have chosen DuPage County to establish and advance their enterprises. Low taxes and operating costs, strong labor demographics, an educated and skilled workforce, proximity to hotels and dining, as well as shopping, golf and recreational activities are just a few of the benefits DuPage County hopes will attract continued business development for the region. 

ComEd

Powering Business Growth: ComEd’s Itasca Substation Expansion Update

Posted on | by brent

Construction has progressed at ComEd’s Itasca Substation expansion project, which is part of a long-range plan to meet an anticipated need for more power in the western O’Hare region. ComEd crews have braved cold temperatures and winter weather to keep the project on-schedule. The Itasca substation expansion project will begin supporting economic development growth in a variety of sectors in Cook and DuPage Counties starting June 1, 2018.

 

ComEd

ComEd Expands, Digitizes Itasca Substation to Meet Anticipated Regional Growth

Posted on | by brent

Increased energy capacity to help power development of new data centers and western O’Hare construction

ComEd has broken ground on an expansion project at its Itasca Substation as part of a long-range plan to meet an anticipated need for more power in the region, in part due to expected growth in the construction and operation of data centers in the Elk Grove area as well as business in the western O’Hare market.

Features of ComEd’s newly expanded facility also will increase energy capacity within an approximate five-mile area—enough new capacity to ultimately serve the power equivalent of 80,000 residential homes. The new substation is designed with an “Intellegent Substation Dashboard,” which offers digital technology that makes it easier for ComEd to identify potential issues and respond quicker.

“ComEd actively supports economic development throughout northern Illinois, and substation projects, like the Itasca expansion, will help ensure the electrical infrastructure is in place to meet the region’s growth and future energy demand,” said Fidel Marquez, senior vice president of Governmental and External Affairs. “We look forward to working with prospective businesses like data centers and other operations who are interested in moving their companies into the area.”

“Elk Grove is one of the most desirable data center locations in the Chicagoland market and the new Elk Grove Technology Park provides additional sites for growth,” said Elk Grove Village Mayor Craig Johnson. “With ComEd’s electricity capacity expansion projects underway, existing and future businesses will have the confidence that power requirements can be met now and well into the future.”

“The western O’Hare market and projected growth of 65,000 new jobs by 2040 in the new Illinois tollway corridor is an important initiative for Choose DuPage,” said John Carpenter, Choose DuPage President & CEO. “We can now add ComEd’s substation expansion as one of the many reasons for businesses to grow in or move to DuPage County.”

ComEd has multiple existing substations serving customers in the area and goes through an annual short- (5-year) and long-range (10-year) planning process to assess expected load growth based on economic forecast modeling and actual customer usage.

Additional long-range capacity plans for the area call for construction of another new ComEd substation in north Elk Grove Village in the future.

ComEd’s grid modernization program, called Smart Grid, is almost complete and has contributed to record reliability for its customers over the last four years. Now the company is focused on implementation of the Future Energy Jobs Act (FEJA), ground-breaking legislation which will build off the Smart Grid foundation to help move Illinois to a clean energy future and provide greater access to renewables, energy efficiency and valuable job training within Illinois communities.

First Mile Last Mile Transit Solutions—Coming to a Suburb Near You!

Posted on | by brent

 

car picture

Progressive communities are bucking a current trend by improving the reverse commute to attract large companies and talent to the suburbs. The missing link is the lack of connection between existing transit stations and key employment centers that are beyond walking distance—aptly named the “first mile last mile.” By bridging this gap with shared-use mobility, hundreds of thousands of workers can be connected to existing opportunities that were not previously viable. This gives companies much more flexibility when choosing the right location, and encourages their participation in determining the best first mile last mile solutions. Continue reading →

Luxury rental development breaks ground adjacent to Hamilton Lakes Business Park in Itasca

Posted on | by brent

 

When you think of luxury rental developments, what do you picture? Modern apartment towers rising from the busy downtowns of major cities, right? That doesn’t have to be the case. The suburbs might not get as much press when it comes to new multifamily projects, but plenty of developers are bringing high-end rental units to suburban communities across the Midwest.

Continue reading →