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'business' Category

Neumann goes bankrupt

Thursday, October 25th, 2007
Filed under: business

Neumann goes bankrupt, Merrill posts its biggest loss in 93 years, and Elgin foreclosures increase 42% year-over-year. Call me a pessimist, but somehow I don’t think this Channing Square project is going to come to fruition anytime soon.
Julie Schmitt has been passionately fighting this development, but hers has probably been an unnecessary expenditure of […]

A tale of two equities

Wednesday, October 17th, 2007
Filed under: business

Two publicly-traded companies based in Elgin, and their divergent paths:

If you invested, $10,000 in Middleby just five years ago, today it would be worth about $150,000! That kind of performance is exceptional for even an Elgin-based company. Hats off to Selim Bassoul.
Sanfilippo (JBSS) did not fare as well…

Downtown neighborhood

Tuesday, October 2nd, 2007
Filed under: business, downtown

Try typing “downtown neighborhood” into one of the search engines, and you’ll see something interesting. Elgin’s very own Downtown Neighborhood Association (DNA) shows up on the front page. It’s #8 in Google and #5 in Yahoo. That’s right, Elgin’s DNA beats out the downtown neighborhood associations of much larger cities. That’s […]

Cabela’s is…

Monday, September 24th, 2007
Filed under: business

[Hoffman Estates] expects to receive at least $2 million annually in taxes, after the retailer takes advantage of all the financial incentives it has been offered.
Local sales and home-rule taxes will bring in about $1.84 million annually, and village’s food and beverage tax is expected to generate another $46,000 a year, said Dan O’Malley, deputy […]