Business News

See the below stories for economic development-related news.


Hoban wins ‘40 Under 40’ award in economic development
Tinley Park Economic Development Manager Patrick Pat Hoban2Hoban recently was selected as a winner in the economic development profession’s “40 Under 40” awards, the only honor of its kind recognizing young talent in the economic development industry.

An independent five-member selection committee chose the winners from a pool of more than 170 qualified candidates based on their exceptional accomplishments and contributions to the economic development industry. The award’s program was managed by Development Counsellors International (DCI), a New York-based firm that specializes in economic development marketing, and Jorgenson Consulting, a leading national executive search firm serving organizations in economic and community development industries.

“The ‘40 Under 40’ award is designed to identify the economic development profession’s rising stars. These young economic development professionals represent the future of our industry,” said Julie Curtin, president of DCI’s economic development practice. “The selection committee had a challenge selecting only 40 winners, but we are delighted by the smarts, initiative and game-changing mindset represented in these finalists. Economic development is in good hands with these young leaders, and Patrick is certainly no exception.”

Hoban started his economic development career in 2007 as an IT professional for EDC of Decatur and Macon County, a public private partnership focused on the retention expansion and attraction of non-retail industry in central Illinois. During this time he earned a Bachelor of Science degree in organizational leadership with double honors from Millikin University.

Hoban was promoted to vice president of business development for the EDC in 2010 after attaining his Economic Development Finance Professional (EDFP) designation from the National Development Council (NDC) and attending the University of Oklahoma’s Economic Development Institute (EDI). In 2013 he accepted the economic development officer position for the City of Decatur, where the focus was on retention expansion and attraction of retail industry. At this time he also earned his International Economic Development Council’s (IEDC) Certified Economic Developer (CEcD) designation.

In 2017, Hoban accepted the economic development manager position for the Village of Tinley Park, where the focus was on retention expansion and attraction of all industries. During this time he earned a Master of Science degree in business analytics from the University of Notre Dame.

“The achievements of these talented and committed professionals show that economic development has an awesome future,” said Todd Jorgenson, managing director and principal of Jorgenson Consulting, Inc. “Partnering with DCI this year to recognize these passionate young men and women has been an honor. Congratulations to each of them.”

DCI and Jorgenson officially announced the winners at an awards reception during the International Economic Development Council Leadership Summit in Fort Lauderdale, Fla. and will feature profiles of each on the awards website.

For more information on the “40 Under 40” winners, visit www.econdev40under40.com.



Panduit acquires Atlona
Source: Cision PR Newswire

Panduit Corp. recently announced it has acquired global AV manufacturer Atlona, which designs and develops products for a diverse range of commercial and residential AV and IT markets worldwide, including education, business, government, entertainment and healthcare. Atlona's product categories include networked AV, signal distribution, wireless collaboration and AV system automation. These solutions enable system designers, integrators, consultants and installers to simplify installation, minimize maintenance and maximize the versatility of premier automated control solutions. Link: Cision PR Newswire


Village again receives IEDC accreditation
IEEDCThe International Economic Development Council (IEDC) recently announced that the Village of Tinley Park has once again been recognized as one of 62 economic development organizations accredited by IEDC as an Accredited Economic Development Organization (AEDO). 

Originally accredited in May 2014, the Village was reaccredited by IEDC following four successful years of activity as an AEDO member. 

“The Village of Tinley Park displays the professionalism, commitment and technical expertise that is deserving of this honor," IEDC President and CEO Jeff Finkle said.

The AEDO program is a comprehensive peer review process that measures economic development organizations against commonly held standards in the profession. The program consists of two phases: a documentation review and an onsite visit. Each phase is designed to evaluate information about the structure, organization, funding, program and staff of the candidate economic development organization.

Maintenance of the AEDO status is required every three years and is accomplished through documentation submission and/or onsite visits by a team of the AEDO subcommittee.


Hot 'n' Juicy Crab holds ribbon-cutting

A ribbon-cutting ceremony was held Jan. 8 at Hot N Juicy Crab, 7216 W. 191st St., Tinley Park.

Hot n Juicy Crap Ribbon-Cutting 2019













KVH delivers first precision gyros using new photonic chip to automotive customers
Source: www.nasdaq.com

KVH Industries, Inc. announced Jan. 3 that it has integrated its photonic chip technology into its high-precision fiber optic gyro (FOG) products and began delivering working prototypes of a new Photonic Gyro IMU to select leading automotive customers in late December. Developed by KVH engineers working in Tinley Park, Illinois, and Middletown, Rhode Island, the photonic chip technology is designed to enable the centimeter-level localization accuracy that autonomous vehicle developers have indicated is a requirement.

Continue reading this story at the link above.

 


CNB Bank & Trust Ribbon Cutting Event

The Village of Tinley Park and the Tinley Park Chamber held a ribbon cutting ceremony on Tuesday, June 26 for CNB Bank & Trust, N.A. located at 9400 W. 179th Street.

CNB Bank

 














Business to bring 60 to 90 new jobs to town

Three Men and a Truck Owner Paul BrownThanks in part to an incentive ordinance passed during the June 5 Tinley Park Village Board meeting, Three Men and a Truck is expanding in Tinley Park, in turn creating 60 to 90 new jobs.
 
“I’m combining a few of my locations into a larger facility here in Tinley Park,” said owner Paul Brown.
 
Ordinance 2018-O-033 will help to reduce the tax assessment ratio for a vacant lot owned by Three Men and a Truck from 25% to 10% for a 10-year period, 15% in the 11th year and 20% in the 12th year.
 
Brown said the lot will be turned into a parking lot.




Andrew wins Silver Medal in best high schools rating

Andrew High SchoolAs reported by several area newspapers, Andrew High School this week was named a Silver Medal Winner by the U.S. News and World Report “Best High Schools in America.” This award is one of the most significant honors public schools can receive.

The rating places District 230 schools, including Stagg and Sandburg, in the top five percent of all public schools in Illinois and the top 10 percent in the nation.

“The daily efforts and dedication of school board, staff, students, families and community make this achievement possible,” District 230 Superintendent Dr. James M. Gay told the Tinley Junction. “Our collective commitment to academic rigor, relevance of the high school experience, and relationships among students and staff have been honored with this recognition. Thank you for your ongoing efforts to provide a world-class education that prepares each student for whatever path they chose upon graduation.”



Hillwood breaks ground on new industrial building

Hillwood Groundbreaking 2017The Village of Tinley Park, the Tinley Park Chamber of Commerce and real estate developer Hillwood recently broke ground on an approximate 300,000-square-foot industrial spec building on Tinley Park’s east side. The new building will be located on nearly 23 acres of land located just west of Ridgeland Avenue and south of Interstate 80.

"This project is a big win for Tinley Park’s industrial area," Tinley Park Mayor Jacob Vandenberg said. "It’s truly a testament to the Village’s potential for manufacturing and distribution."

Hillwood, a Perot company, currently owns seven industrial properties in Tinley Park totaling 1,478,352 square feet.

"We are proud to continue our commitment to the Village and our expansion in the area," Hillwood Senior Vice President Don Schoenheider said. "With its easy access to Interstate 80 and proximity to the Chicago market, Tinley Park is the perfect place for Hillwood and our customers."

Schoenheider also indicated Hillwood intends to invest about $18 million into the new building, which could create as many as 100 construction jobs and 340 permanent jobs once a tenant moves in.

"Tinley Park’s businesses environment continues to expand, which is good for everyone," Tinley Park Chamber of Commerce President Steve Babin said. "When one area grows, we all grow."

For more information, please contact Tinley Park Economic Development Manager Patrick Hoban at (708) 444-5110.

About Hillwood
Hillwood is a leader in developing and acquiring high-quality industrial properties across North America and Europe. Hillwood has demonstrated comprehensive horizontal and vertical development expertise, from master planning to construction, through more than 100 million square feet of successful development. With a depth of capital, broad experience in public/private partnerships and commitment to strong community relationships, Hillwood reliably delivers straightforward, as well as physically and financially complex industrial projects.