Posted: November 7, 2016
Tiny cars may solve big transportation problem
Tiny cars may help solve a very big problem in transportation. “The first mile/last mile challenge” is an issue that says you can only take a bus or train so far. But then how do you get to your final destination, when it’s not an easy walk away?
One Chicago area company is hoping it has an affordable and environmentally friendly solution: Tiny cars that may soon drive themselves. Little Dash Cars are 100-percent all electric vehicles that come from a Burr Ridge company called Innova. They are in Itasca as part of a pilot program. WGN’s Sarah Jindra has the details.
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Posted: October 23, 2016
CoreCentric Solutions, Inc. Consolidates Operations; Moves into New Facility
The company has moved all operations into a new 350,000 sq. ft. facility located at 191 E. North Avenue in Carol Stream, IL. The company's consolidation from three facilities to one will streamline and improve operations, drive efficiencies and fuel future growth.
"The new offices combine cubicle banks and open floor plans resulting in a hybrid office which really optimizes the ability to do solo work or work collaboratively in groups," said Badal Wadia, CEO. "Another important aspect of this move was to locate in an area that was still a reasonable commute for most of the employees," said Wadia.
Much of the 350K sq. ft. of the new headquarters is dedicated to production and warehousing; the remaining space houses a new state-of-the-art engineering research and development lab; a new customer service call center; a customer walk in area and all administrative offices.
"This move is much more than a merging of operations; it is a significant step in our future growth; this world class facility will enhance our ability to innovate and align more closely with our customers and continue our momentum," said Wadia
CoreCentric provides returns management, remanufactured parts and remanufacturing services for notable brands of consumer products around the home; categories include major appliances, electrics, HVAC, outdoor power and automotive.
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Posted: October 18, 2016
First Mile Last Mile Transit Solutions—Coming to a Suburb Near You!
Progressive communities are bucking a current trend by improving the reverse commute to attract large companies and talent to the suburbs. The missing link is the lack of connection between existing transit stations and key employment centers that are beyond walking distance—aptly named the “first mile last mile.” By bridging this gap with shared-use mobility, hundreds of thousands of workers can be connected to existing opportunities that were not previously viable. This gives companies much more flexibility when choosing the right location, and encourages their participation in determining the best first mile last mile solutions.
Planning is already underway between the Regional Transportation Authority (RTA) and DuPage County to improve transit connectivity in three corridors that offer nearly a quarter of all employment in the county: Wood Dale, Addison, and Naperville–Warrenville Road. By creating “mobility hubs” near corresponding Metra stations, they hope to make the commute more seamless. These mobility hubs will centralize multiple transportation options such as Pace buses and vanpools, taxis, rideshares, carshares and bikeshares. In addition to known providers like Uber, Lyft and Zipcar, solutions under consideration include Getaround peer-to-peer car rental, Innova EV zero emissions electric mini cars and Zagster bikeshare. Input from commuters, employers, transportation providers and other stakeholders is key to delivering the right blend of these solutions and balancing costs.
In addition to large-scale applications, some companies and communities are choosing a specific provider to meet their first mile last mile needs. Two towns in the U.S. recently made news by subsidizing ridesharing services to increase transit ridership. Locally, an on-demand shuttle (using Innova’s 100% electric vehicle DASH) will begin serving employees commuting to and from the Itasca Metra Station to Hamilton Lakes in late 2016. According to Innova EV project manager, Katya Iwanik, this will “help tenant companies at Hamilton Lakes recruit a greater employee pool (specifically millennials) from the city to work in DuPage County, and help these employees get to their destination in a more streamlined, cost-effective fashion.” The goal is to grow the program and eventually connect all Itasca residents to the Metra station via a user-friendly mobile application.
The bottom line is that there are more first mile last mile solutions than ever. Any community looking to enhance its connectivity to employees and increase its economic opportunities can explore the options above and the potential for public-private partnerships. To get started, click here to view the Shared-Use Mobility Center’s shared mobility toolkit.
By: Tammy Wierciak, Metro Strategies' Director of Policy and Public Affairs. Wierciak attended the John Noel Public Transit Conference and Shared Use Mobility Workshop in DuPage County in September. A number of suburban “first mile last mile” transit solutions were discussed and are worth sharing to continue the conversation.
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Posted: September 24, 2016
Danco Converting to Consolidate, Relocate Operations to Carol Stream Facility
Cushman & Wakefield has represented Chicago-based Danco Converting in the acquisition of an 110,071 rentable square foot manufacturing facility located at 455 E. North Ave. in Carol Stream, Ill. Danco Converting, a commercial paper converting company, will consolidate and relocate its two Elk Grove Village, Ill., operations to the Carol Stream facility.
Senior Director Chris Lydon, SIOR, of Cushman & Wakefield and Principal Chad Arthur of Arthur Brokerage Group arranged the acquisition on behalf of Danco, as well as the sale of its former facility located at 1901 Greenleaf Avenue in Elk Grove Village. “Our growing customer base has fueled the need for additional production capacity,” said Dan Mulvey, President and Founder of Danco Converting. “The new facility will dramatically increase our production efficiencies and allow for long-term manufacturing and operational excellence. This is a testimony to our continuous commitment to providing our customers with outstanding service.” The expansive facility will enable Danco to serve its growing customer base while efficiently operating under one roof. The company will bring approximately 65 new jobs to the new space and will also benefit from DuPage County’s attractive real estate tax basis. “This mission-critical move will offer endless opportunity for Danco’s continued business growth,” said Lydon. “We were fortunate enough to work with Dan Mulvey and his team to find Danco the perfect home within North DuPage County, a premier industrial submarket where demand is high.” Situated on 6.24 acres, 455 E. North Ave boasts 397 feet of frontage along Route 64/North Avenue and includes a combination of two-story office space, production and warehousing areas. Other key features of the warehouse and production asset include 14- to 20-foot clear heights, five exterior docks, one drive-in door, 8,000 amps of electricity and airlines throughout the facility. The centrally located property offers proximity to O’Hare International Airport, convenient access to major Chicago infrastructure and is well-positioned near an excellent labor pool.
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Posted: September 14, 2016
Letter to the Editor:
DuPage County is Far From Being 'Over'
We noted with interest Crain’s coverage of news related to the Fitch rating of DuPage County. Far from being “over,” or the homogeneous land of “ranch houses and ranch dressing,” DuPage is a vibrant, attractive, diverse county with residents who speak more than 70 languages and who hail from all over the globe.
What is unique about DuPage is our emphasis on, and success at, living within our fiscal means. And that’s really what’s at the heart of any financial rating. For the past eight and soon-to-be nine years, the DuPage County Board has not raised the county portion of its property tax. In FY 2017, the levy remains flat at $66.9 million. Our countywide elected officials and department heads have made a science of living within their budgeted amounts while providing outstanding service to citizens. We’ve been aided by our Accountability, Consolidation and Transparency Initiative which challenges us every day to reduce the size, scope and cost of local government. We can catalogue $100 million+ in projected savings due to collaboration, consolidation and streamlining operations. What’s frustrating is that rather than reward our outstanding fiscal management and prudent use of taxpayer resources, Fitch moved DuPage’s rating to AA+ from the AAA rating it bestowed just months before in January. This action was taken largely because we are not home rule and cannot unilaterally raise taxes, unlike Cook County. Under the new Fitch criteria, no non-home rule county in Illinois will be able to meet Fitch’s AAA standard. So instead of scoring in the top 1.5% of all U.S. counties, DuPage’s strong fiscal performance now ranks among the top 2.5% of all counties (71 out of 3,000 counties). We can’t help but wonder whether the taxpayers would rather have us score one small percentage point higher on a rating scale, or every year, dig deeper to pay higher property taxes? Given our collective experience with DuPage taxpayers and business owners, we feel fairly certain we know the answer. And we’ll sleep quite well at night helping our county “stay the course” we’ve set for meeting our obligations and squeezing every drop of value out of each hard-earned taxpayer dollar we receive. Dan Cronin Chairman DuPage County Board
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