DuPage County secures major business deals boosting regional development and job growth

The DuPage County Economic Development Committee meeting on January 21, 2025, highlighted significant efforts to attract and retain businesses in the region. Key discussions focused on strategies to prevent companies from relocating to neighboring counties and the success of collaborative initiatives with local organizations.

One of the main topics was the implementation of "no poaching" agreements aimed at encouraging businesses to remain in DuPage County rather than moving to Cook or Will Counties. The committee emphasized the importance of addressing potential obstacles that might lead companies to consider relocating. In 2024, the partnership with the Greater Southland Economic Partnership (GSEP) yielded 85 events and 36 requests for information, resulting in 52 leads, with 17 showing immediate interest in DuPage County. This collaboration is seen as a fruitful approach to economic development.

The meeting also discussed a notable case involving PsiQuantum, a company that ultimately chose to establish its operations in Chicago over potential sites in Naperville and Lockport. The decision was influenced by the significant power and water requirements for their facility, which could not be met in DuPage. However, the committee noted that the partnership with Argonne National Laboratory and Fermilab would foster regional development and create job opportunities.

Additionally, the committee reported on a successful relocation of Sasser Family Companies from Schaumburg to Oak Brook, which involved securing a 65,000 square foot space. This move was motivated by more favorable tax conditions in DuPage County, highlighting the ongoing challenges in the office market and the importance of competitive tax rates in attracting businesses.

Overall, the meeting underscored DuPage County's proactive approach to economic development, focusing on collaboration, strategic partnerships, and addressing the needs of businesses to ensure growth and stability in the region.