Williams: Celebrating DeKalb County’s wins, planning for succession in 2024
“Celebrating our success, planning for succession and taking on new ventures is my message today.
“In 2023, more than $500 million was invested in the development of more than 1.3 million square feet of space in DeKalb County.
“This was the third-highest investment level in the 36-year history of the DeKalb County Economic Development Corporation.
“These projects that spanned all of DeKalb County included: expansion of the ChicagoWest Business Center; improvements to ComEd Pleasant Street, Substation; acquisition of former Greenlee Building by Custom Aluminum Products; expansion of DeKalb Forge on Pleasant Street; annexation of 130 acres at Peace Road Interchange by the Golding Family; remodeling of Hampton Inn on Peace Road; construction of state-of-the-art Automated Distribution Center by Kraft Heinz; expansion of Service Concepts HVAC by Malcour Developments in Genoa; ongoing construction of building No’s 3, 4 and 5 by Meta; expansion/relocation of Midwest Tent & Awning to 2239 Sycamore Road; expansion of Nehring Electric Works on East Locust Street; acquisition of Pleasant Street former GE complex by Phoenix Investors & leasing of 68,000 SF to CST Electric; buildout of additional office space by The Suter Company in Sycamore; Old Mill Park by Grainger construction of 55 year+ housing development in Sycamore.
“What the DeKalb County Economic Development Corporation has achieved as an organization is not only aspirational for those in the economic development profession but it’s also a testament to the fact that success or the “win” in economic development is a marathon race with a commitment to building long-term relationships with developers, brokers, site selectors, utility providers and government partners.
“The “wins” are now being realized by our residents, homeowners and business owners, not just with good employment opportunities but with some property tax rates now trending in a downward direction because of the massive private investments in new construction underway. New construction falls primarily in the ChicagoWest Business Center mega sites and has impacted government units’ commitment to local property tax reduction because of this growth.”
Read the full article featured in The Daily Chronicle: Williams: Celebrating DeKalb County’s wins, planning for succession in 2024
Borek Retirement Celebration at DCEDC 2023 Annual Dinner
On the evening of Thursday, September 28th, DCEDC held its 2023 Annual Dinner, focusing on celebration of the outstanding economic development career of former DCEDC Executive Director, Paul J. Borek. Over 200 guests were in attendance at Faranda’s Banquet Center, including community leaders, partners, and his family, to honor and recognize Borek’s leadership and achievements in DeKalb County.
Development partners and community leaders shared notable memories of working with Borek over the years during the dinner celebration. Borek also reviewed the growth and development of significant projects throughout DeKalb County during his tenure as well as recapping new projects for 2023.
Borek served as the Executive Director for 15 years (2008-2023) and now turns the helm over to new Executive Director, Mark Williams. DCEDC wishes Paul and his family the very best in his retirement adventures!
Thank you, Paul!
Please view a selection of photos from the evening here by Katherine M. Photography.
Coverage of the event by The Daily Chronicle: Retiring business director lauded by local leaders for transforming DeKalb County economy
New facility announcements in DeKalb County
On August 24, Kraft Heinz held its groundbreaking ceremony for its new facility coming to DeKalb. This new automated facility is set to be one of the largest of its kind in North America! The approximately 775,000 sq ft distribution center will bring 150+ jobs to the DeKalb County area. Welcome to DeKalb County Kraft Heinz!
Additionally, on August 25, long-time DCEDC member Waste Management held a formal launch event for the DeKalb Recycling & Disposal Facility renewable gas initiative. Thank you for your continued commitment to renewable energy in DeKalb County!