Economic Development

The Vision of Economic Development in Schaumburg

The Schaumburg area is home to one of the most vital, exciting, and diverse business regions in the world and has been an example other communities envy and emulate. By engaging the community in the work of economic development and aligning public and private sector leadership, the Schaumburg region will strengthen its status as a premier corporate headquarters location and as a major retail destination in the U.S.

The Mission of Schaumburg Economic Development

The primary role of the SBA’s economic development initiative is to generate wealth and sustainable prosperity for the Schaumburg, Illinois area. We work closely with many partners to provide confidential services and connections to businesses looking to expand or relocate to Schaumburg. We also work to promote the region with a focus to retain and attract quality jobs.

Manufacturers' Summit

The Schaumburg Manufacturing Summit is a joint imitative between the SBA and the Village of Schaumburg. The mission of this event is to provide resources, a place to network, and a place to seek information that affects and influences the manufacturing and industrial members of the Schaumburg business community. These events attract a wide segment of the manufacturing community.  At each Summit a panel of industry experts present current information and answer questions from the audience.

Commercial Real Estate Summit 

The Schaumburg Commercial Real Estate Summit gives major stakeholders and perspective new businesses insight into the Schaumburg real estate and business climate.

Up to date information is presented in an open forum over lunch. The Summit is held twice a year in the first and 3rd quarter. The event is sponsored by Jones Lang LaSalle and members of their team with expertise present alongside representatives from the Village of Schaumburg, and the Schaumburg Business Association.

The suburban Chicago commercial real estate market is alive and well. Take a look at what JLL put together for one of the country's most stable real estate markets here.  

Recently JLL and the Schaumburg Business Association partnered on a study focusing on how employees/employers view Schaumburg’s commercial office inventory and how the area amenities impact companies’ ability to attract and retain top talent.

A more detailed review of the study can be found by clicking on the following link (Presentation); however, on a high level, the following was found:

  • Over the past 10 years, Schaumburg has had a stable and expanding work force with the large amount of area amenities aiding in hiring and retention 
  • Across all age groups, commuting times and transportation options were of high concern to all those surveyed 
  • The aging inventory of buildings and lack of building amenities are issues on the forefront of people’s minds.

Anyone interested in discussing this survey or issues related to your specific company needs, please feel free to reach out to the JLL team of Mark Kolar or Gregg Raus.

Interested in learning more about Schaumburg, Illinois? Contact the Schaumburg Economic development team:

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