The Village of Schaumburg is proud to announce that 2018 marks the third year in a row economic achievements in the community have been recognized with the Edie Award by the Illinois Chamber of Commerce for outstanding economic development.
The Edies honor outstanding economic development projects completed in the previous calendar year that bring jobs, growth and prosperity to Illinois communities.
Schaumburg’s most recent achievement is its inclusion in the Illinois Tollway project that invested $780 million in the new Illinois Route 390 Tollway from Hanover Park to Wood Dale. The 10-mile investment in infrastructure, which improved mobility and access for residents and businesses, has allowed for greater movement to and from the O’Hare region, making the Schaumburg area more attractive to a variety of businesses, especially freight and manufacturing firms. The Illinois Tollway was recently named an Edie Award winner for the completion of the project.
In 2017, the chamber honored Zurich Insurance Group with an Edie Award for building a brand new 784,000 square foot facility that is responsible for a statewide economic impact of $1.3 billion annually. The facility, which opened in 2016, makes Zurich North America the largest single employer in Schaumburg with more than 2,500 employees. Zurich's investment will generate millions of dollars in property tax income for the village in addition to revenue generated for goods and services for local and statewide economies.
Located just west of Zurich along the I-90 corridor is Sunstar Americas, which was the 2016 recipient of the Edie Award. Sunstar Americas used $55 million in private investment and $3.5 million in public investment to build a new, 302,000 square foot North American Headquarters. This project created nearly 250 construction jobs and added 30 jobs to the headquarters' 300 jobs that were moved from Sunstar's previous Chicago location. Sunstar's investment became a major landmark in Schaumburg, which is producing more than $1 million in property tax income for the village in addition to generating revenues as people from all over the world visit the headquarters.
“We’re pleased that Schaumburg has played a major role in completing projects that attract business opportunities, spur development, and create jobs in our community,” said Schaumburg Economic Development Director Matt Frank. “We’re continuing to build from this success with future plans to redevelop the former Motorola campus and create other bold, attractive land uses that not only enhance our high quality of life but also contribute to the success of our region and state.”