Resource Category: Expansion & Relocation

Lake County Partners Newsletter – September 2024

Rosalind Franklin University’s Helix 51 biomedical incubator celebrated five years of operations with the entry of five new companies, bringing the roster of startups to twelve, including its first international representative. Hear from Michael Rosen to discover why so many growing biotech companies choose to be in Lake County. Also, tap into talent with initiatives like the new Career Navig8 and the many offerings coming up at the College of Lake County for Manufacturing Month this October. And finally, enjoy a recap of our recent Invested Together event.

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Ymer Technology Celebrates Relocation of HQ From Houston to Lake County, Illinois

Ymer Technology, a manufacturer of electric vehicle (EV) components for the heavy equipment industry, celebrated the grand opening of its new U.S. headquarters in Buffalo Grove, Illinois. This is the first in a series of planned expansions for the company. Ymer Technology’s $5.7 million investment, bolstered by a Reimagining Energy and Vehicles in Illinois (REV Illinois) agreement, will enable it to produce cooling technology and thermal management systems for EVs while supporting Illinois’ booming clean energy economy. REV provides competitive incentives for EV, solar, renewable and energy storage manufacturers to move or expand in Illinois.  Founded in 2005 in Stockholm, Sweden, Ymer Technology chose to relocate from Houston to Lake County to take advantage of Chicagoland’s unmatched location, industry leaders, and the REV incentive program. Shortly after relocating, the company announced that it had already inked its first deal. 

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Lake County Partners Newsletter – July 2024

Lake County and Chicagoland are at the top of the charts for biopharma clusters and exporting in the U.S. See why, and go behind the scenes of booming nonprofit GiveNKind – a company that has grown 92% in the last year. Also, meet Ty Kovach, the Executive Director at the Lake County Forest Preserve District, and see how businesses are pitching in to protect open space and preserve Lake County’s legacy.

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Lake County Partners Annual Report 2023

Our 2023 Annual Report is extremely positive, and includes updates on recent project wins, a list of notable employers, and our progress on important initiatives. It has been exciting to celebrate the cumulative impact of our work. Over the last 5 years alone—LCP fueled a whopping $1.2 BILLION in direct capital investment, drove the creation of 4,445 new jobs, and kept 4,739 existing jobs in our community. Our project pipeline remains robust. We are managing 39 projects, primarily in the industries of advanced manufacturing, life science, data, and sustainable energy. Our involvement with the Greater Chicagoland Economic Partnership is also opening up new business attraction opportunities. The conversations that we are having with business leaders are very optimistic, and we expect to see continued growth and investment in the back half of the year.

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Lake County Partners Newsletter – June 2024

In the first half of 2024, LCP has celebrated huge business wins including investments made by Medline, Valent BioSciences, OCM and T5 Data Centers. This newsletter does a deep dive of recent stories and metrics, and also highlights the changing face of healthcare in Lake County. Plus, meet local entrepreneur and career pathways evangelist Sue Dickson as she talks about her innovative program, Give Me 10.

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Lake County Partners Newsletter – May 2024

LCP joined local officials in celebrating major expansions in Lake County – including Valent BioSciences in Libertyville and T5 Data in Grayslake. Also, we’re recapping the powerful stories that emerged from our Big Event, and showcasing our award winner, Josh Fischer at Fischer Paper Products.

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LCP’s Big Event On Track For Record Success

Lake County Partners’ signature annual breakfast, aptly named “The Big Event,” will once again bring together hundreds of business and civic leaders for a morning focused on continued collaboration and business growth in Lake County, Illinois. Awards will be presented to Fischer Paper Products and educator Gina Schuyler for their investments in the community.

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Lake County Partners Newsletter – April 2024

Business growth is in full force this month, and Chicagoland is once again ahead of the trends. Get the latest on Smalley Steel Ring’s expansion, our thoughts on the Greater Chicagoland Economic Partnership, a data dive revealing why young talent is moving to the region, your tickets to the Big Event and a Q&A with Wight & Company’s Megan Zack, who weighs in on the latest trends in sustainability.

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Lake County Partners Newsletter – March 2024

For an astounding 11th consecutive year, Site Selection Magazine has recognized Chicagoland’s enduring allure as a hub for business growth. Also, LCP’s in-demand annual breakfast program is back and better than ever. Join us Thursday, May 9th at the Lincolnshire Marriott for unparalleled networking and an inspirational morning focused on ways to strengthen, sustain, and leverage Lake County’s business assets. Get insights from keynote speaker and best-selling author Rajeev Kapur as well as local leaders such as Lake County Board Chair Sandy Hart, LCP Chair Steve Madden, LCP President Kevin Considine and others. Also, read GCEP’s new Annual Report, celebrate recent Lake County business headlines and meet new Board of Governors Member and President of Lake Forest College, Dr. Jill Baren.

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Lake County Partners Newsletter – February 2024

LCP is hitting the ground running in 2024 where economic development is concerned. This issue looks at the many accolades that Illinois has received for its workforce development, corporate investment, infrastructure, education, capital access and cost of living. We also dive into a new deep pool project proposed by Diveheart, explore what the new Made in Illinois automation grants mean for manufacturers, and review what the $8.1 million grant awarded to Rosalind Franklin University means for the school’s infrastructure, technology and training.

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