Posted: December 7, 2018
Illinois Recognized as a National Leader for Electrical Grid Modernization
Press release published by ComEd, view here.
ComEd’s work to modernize its energy grid has brought greater reliability and control over energy usage to its customers, helping to earn Illinois the second spot among all U.S. states in the 2018 Grid Modernization Index (GMI), available at www.gridwise.org.
The report, produced by the GridWise® Alliance and the Smart Grid Policy Center, evaluates and ranks states based on their progress in modernizing their electric systems with smart grid technologies. The GMI applies a clearly defined set of criteria to evaluate the progress of state grid modernization efforts in three key areas: State Support, Customer Engagement and Grid Operations.
“Our work to modernize the grid has helped to deliver the best power reliability and service to our customers on record,” said Terence R. Donnelly, ComEd president and chief operating officer. “Thanks to the support of Illinois policymakers and the Illinois Commerce Commission, we’ve built a smart grid that lays the foundation to connect customers and communities with cleaner energy and more energy efficiency programs and create jobs in some of the fastest-growing energy sectors.”
This is the fourth consecutive year that Illinois was recognized as a top state in grid modernization. Illinois and California were tied for first in Grid Operations, with Illinois following only California in the other two categories. ComEd’s sister companies within Exelon – Atlantic City Electric, BGE, Delmarva Power, PECO and Pepco – are in the top half of states in the report.
Today’s digital grid helps ComEd empower customers to save more money and energy through new solutions created by the Future Energy Jobs Act (FEJA) that the Illinois General Assembly passed in 2016 and took effect in 2017. FEJA authorizes ComEd to invest $1.4 billion over four years in programs that will save business and residential customers $7 billion and eliminate 95 billion pounds of carbon emissions – while remaining focused on helping Illinois grow and attract businesses.
"This high ranking of Illinois’ energy grid and ComEd's sustained reliability performance helps set Illinois apart from other states we compete with for new business investment," said Mark Peterson, President and CEO of Intersect Illinois, a privately funded statewide economic development organization. "A #2 ranking provides businesses the assurance that Illinois is the right place for their continued growth and job creation."
ComEd continues to test new technologies as part of its Community of the Future in Chicago’s Bronzeville neighborhood, where the company collaborates with residents to identify needs and opportunities to leverage smart grid technology and related services. In addition to the microgrid ComEd is building there, technology pilots include an electric vehicle transportation service; off-grid wind and solar LED streetlights; and outdoor interactive displays providing community news, emergency alerts, wayfinding and public Wi-Fi. The effort also supports educational programs promoting development of STEM skills among area high school students.
Read More →
Posted: December 2, 2018
Board Appoints Dr. Brian W. Caputo Interim President
Article published by College of DuPage Newroom, view here.
The College of DuPage Board of Trustees unanimously voted to appoint Dr. Brian W. Caputo, Vice President of Administration and CFO at the College, as the new interim president. Dr. Caputo will begin his post Jan. 1, 2019 to replace outgoing President Dr. Ann Rondeau, who will step down at the end of the year to become president at the Naval Postgraduate School.
Board Chairman Deanne Mazzochi expressed her appreciation of Dr. Caputo’s broad leadership and executive experience as well as his involvement in every major College functional area. Mazzochi added that Dr. Caputo’s experience and versatility will serve College of DuPage well as he leads the institution to the next level.
“Since his arrival at the College, Dr. Caputo has protected the College’s financial and institutional health in addition to ensuring critical initiatives - from Guided Pathways to facilities management to Innovation DuPage and others – have moved towards success,” she said. “Our stakeholders agreed that Dr. Caputo would be ideal to lead our institution following Dr. Rondeau’s departure. The Board is looking forward to our continued success under his leadership and in conjunction with members of the Cabinet.”
Dr. Caputo said he is deeply humbled by the Board of Trustees’ appointment as the seventh president of College of DuPage. He and his wife, Karen, have lived in the district for 20 years and their three children all attended College of DuPage.
“The College of DuPage community is comprised of extraordinarily competent, enthusiastic and dedicated faculty and staff striving to create the best possible educational experience for our students,” he said. “It is an honor and a privilege to lead such an exceptional institution. I am all in.”
Joining the College in March 2017, Dr. Caputo has been instrumental in helping to strengthen a number of key initiatives in partnership with the Board, executive leadership, faculty, staff and students. Under Dr. Caputo’s leadership, the College’s general obligation bond rating improved from AA to AA+ with Standard & Poor’s Global Ratings and Moody’s Investors Service affirmed the College’s Aa1 rating as well as shifted its outlook from stable to positive. In addition, Dr. Caputo was directly responsible for the creation of the College’s inaugural Budget-In-Brief and Popular Annual Financial Report documents, both of which received national recognition in serving to improve financial transparency.
Dr. Caputo has been integrally involved in the two major academic initiatives at the College: Guided Pathways and Project Hire-Ed. He is a member of the Pathways Steering Committee and its Mapping Working Group as well as the Project Hire-Ed Steering Committee. The Guided Pathways initiative seeks to help students choose, enter, and complete a program of study aligned with the student’s goals for employment and further education. Project Hire-Ed is a workforce development program designed to better align post-secondary education with certain workforce skill requirements through partnerships with area employers.
Moreover, Dr. Caputo was a member of the executive team that worked to establish Innovation DuPage, a cooperative venture that promotes business growth and job creation connecting small businesses with the necessary resources to thrive, while providing new owners with the tools to succeed. Innovation DuPage was formed collaboratively with multiple governmental, economic development, and academic organizations.
Dr. Caputo has a range of experience in higher education, having previously served as a full-time faculty member at Central Michigan University. He has served as an adjunct faculty member at Northern Illinois University (NIU) and a guest lecturer in numerous academic and professional capacities. He earned a Bachelor of Science from the renowned West Point, a Master of Science in Accountancy from DePaul University, and a Master of Public Administration from NIU. Dr. Caputo also earned a Ph.D. from NIU with public administration, public policy, and government finance as fields of study.
Dr. Caputo is a Certified Public Accountant as well as a Certified Public Finance Officer and in 2015, he became a Board Member of the Governmental Accounting Standards Board (GASB). The GASB is a seven-member board that establishes accounting and financial reporting standards for units of state and local government in the United States, including public institutions of higher education.
Bringing more than 35 years of leadership and executive experience to the role of interim president, Dr. Caputo served as Chief Financial Officer/City Treasurer of the City of Aurora for nearly 19 years prior to becoming a vice president at College of DuPage.
Read More →
Posted: November 29, 2018
Introducing the Shuman
Redevelopment of the Shuman is underway at 263 Shuman Blvd. in Naperville. The 30,000 square-foot, five-story building sits at a prime location, right off of I-88 and only 5-minutes away from the train station and downtown Naperville.
Large floor plans are in place to transform the Shuman into a modern work space. The vision for the space is a hospitality driven multi-tenant office space. Inspiration for the redevelopment comes from Chicago office buildings and hotel resorts. The common areas will include tenant lounges, conference spaces, fitness centers, game rooms, dining halls, as well as green space when you enter the building.
Future tenants will have the opportunities to place signage on the building with a view from the highway and on Shuman Boulevard.
When finished the Shuman will be transformed into a high-performance office asset.
Read More →
Posted: October 25, 2018
Choose DuPage and PowerForward DuPage Hosted Solar Energy Conference
Choose DuPage and PowerForward DuPage were pleased to host the DuPage County Solar Energy Conference on Thursday, October 25, welcoming over 100 registered attendees. The event was co-sponsored by Choose DuPage, PowerForward DuPage and DuPage County.
The featured speakers, Lisa Albrecht of the Illinois Solar Energy Association and owner of All Bright Solar; Scott Vogt, Vice President, Energy Acquisition for ComEd; and Brian Haug, Director of Energy Solutions, Continental Electrical Construction Company, provided an extensive and high-level overview of the solar market and a review of the recent FEJA legislation.
In addition, case studies and examples of how area businesses are adopting sustainability policies, implementing energy efficiency programs and generating their own renewable energy source through rooftop solar installations were presented and discussed. Special thanks to ComEd and the River Prairie Group Chapter of the Sierra Club for their contributions to today’s forum. We are planning another event in the spring of 2019!
If you missed the event, you can download the presentation as well as access the latest incentive information available from ComEd here:
Read More →
Posted: October 24, 2018
Green Bay Packaging Expands Operations In Illinois
Green Bay Packaging (GBP) is set to break ground for the construction of a new 170,000 square foot complex. Downers Grove was chosen as a central location to serve the Chicagoland area and allow for future growth of the business.
With over 85 years of packaging experience, Green Bay Packaging is more excited than ever to add additional capacity to their growing footprint. Executive Vice President, Bryan Hollenback states, "Green Bay Packaging follows the needs of their customers and we have seen a strong increase in demand in the Chicago area. We are proud to extend our company's service offerings, and our dedicated team of highly experienced professionals are ready to fullfill this demand."
"With this expansion, we are strengthening our operations in the Chicago area," explained Will Kress, President and CEO of Green Bay Packaging. "This allows us to respond more quickly to changes in market demand and supply high quality products to our customers."
The Chiago Distribution Center's new plant in Downers Grove, IL will be a modern state-of-the-art building that will house a high-tech design department as well as expand warehouse capabilities.
"When we began looking for a new home for Green Bay Packaging's Chicago Division, Downers Grove made a lot of sense because its central location allows us to efficiently service customers across the entire Chicagoland area." said Kevin Shields, Vice President and General Manager of the Chicago Division.
"We are absolutely thrilled that Green Bay Packaging has chosen Downers Grove in which to build their new 170,000 square foot facility," said Mayor Martin Tully. "Founded in 1933, Green Bay Packaging is a company with a proud heritage that we warmly welcome and are honored to have join our community,"
About Green Bay Packaging Inc.
Started in 1933, Green Bay Packaging Inc. is a family-owned, vertically integrated company consisting of corrugated container plants, folding cartons, recycled and virgin linerboard mills, pressure-sensitive label rollstock, specialty converting operations, timberlands, and a sawmill facility. Headquartered in Green Bay, Wis., Green Bay Packaging Inc. is dedicated to innovative development of its products and forestry resources, with a focus on quality, sustainability and continuous improvement throughout all of its manufacturing facilities in 14 states. For more information about Green Bay Packaging., visit www.gbp.com.
Read More →
Posted: October 12, 2018
DuPage County's Business Climate Holds Strong in Third Quarter
Economic Indicators Report shows thriving healthcare industry; diverse industry growth.
Choose DuPage has released its 2018 Third Quarter Economic Indicators Report proving DuPage County’s sustainable economic health and consistent growth. Data shows DuPage County’s unemployment rates, as well as industrial and office vacancy rates, have all lowered over the past year. The county unemployment rates have dropped from 4.4 percent from the third quarter in 2017 to 3.1 percent, maintaining the lowest unemployment rate in the region. DuPage County’s steady and sustainable growth illustrates its capacity to cultivate new and expanding businesses for long-term growth.
The healthcare and social assistance industries employ more than 75,000 workers in DuPage County—nearly 12 percent of the county’s workforce. The healthcare industry has added more than 14,000 jobs over the last five years and is projected to expand by more than another 1,200 jobs over the next year.
2018 Third Quarter Report Highlights:
- DuPage County continues to maintain the lowest unemployment rate in the region at 3.1 percent - down more than one percent during this same time last year from 4.4 percent. The county's unemployment rate is lower than both the State of Illinois (4.2 percent) and the United States (3.9 percent).
- Since 2017-Q3, industrial vacacy rates decreased from 5.2 percent to 4 percent; while the office vacancy rate dropped from 16.6 to 14.7 percent.
- The fastest growing industry in DuPage County continues to be the healthcare and social assistance sectors, expanding at an average rate of 4 percent each year over the past five consecutive years.
“DuPage’s economic indicators show continued development throughout the county,” said John Carpenter, president and CEO of Choose DuPage. “We’re seeing tremendous growth in the healthcare sector, including a variety of diverse industries and employers offering a number of high-paying job opportunities.”
DuPage County is home to nearly 75,000 business taking advantage of the region’s highly educated and skilled workforce. Together, these companies represent more than 652,000 jobs across a variety of industries operating throughout DuPage.
Download the Choose DuPage 2018 Third Quarter Economic Indicators Report here.
Read More →