A Fresh Gust for the Windy City
The latest business coverage from Chicago and Chicagoland.
Chicago gift shop Transit Tees is riding high after two consecutive record-breaking years, with owner Tim Gillengerten reporting significant growth both in-store and online as the company expands its product lineup and digital footprint.
Peoples Gas officials defended a proposed $202 million rate increase before Chicago City Council members Tuesday, arguing the hike is necessary to complete mandated pipeline replacements despite consumer advocates' fierce opposition.
Greenland Mines Corp. acquisition by NASDAQ-listed Klotho closes March 4, bringing a $68 billion palladium asset into focus for the Midwest's commodity trading and manufacturing sectors.
Chicago's credit rating has been downgraded by Fitch Ratings following last year's contentious budget negotiations between Mayor Brandon Johnson and the City Council, according to the rating agency's recent announcement.
Skyline Furniture opened a 30,000-square-foot woodshop last summer that can boost the company's overall manufacturing capacity by 30% to 40%, according to CEO Meganne Wecker. The expansion positions the Thornton-based furniture maker to add about 50 employees this year as it continues manufacturing beds, chairs and other furniture for major retailers including Wayfair and Target.
Chicago-based Byline Bancorp shows stronger revenue and earnings than Fidelity D&D Bancorp in new financial comparison, though Pennsylvania bank offers higher dividends.
The Chicago-based manufacturer of rivets and fasteners saw short interest fall from 6,037 shares to 3,144 shares by month's end, signaling reduced bearish sentiment.
More than 1,000 South Chicago residents helped create a new quality of life plan focusing on seven key areas as the quantum campus development takes shape.
Zephyr Home's new 45,000-square-foot flagship store brings sustainable home goods and 200 jobs to Chicago's Magnificent Mile retail corridor.
The company's AI-powered diagnostic platform, which helps doctors identify diseases from medical imaging, has attracted major hospital systems and now one of the largest funding rounds for a Chicago healthcare tech company this year.
As Small Business Saturday approaches on November 29, we spotlight a dozen independently owned Chicago shops that have weathered economic storms, pandemic shutdowns, and online competition to remain pillars of their communities.
Austin-based cloud computing firm Nextera Technologies announces plans to establish its Midwest headquarters at 1000 W. Fulton Street, creating 500 high-paying technology jobs over the next three years.
Chicago landlords adapt to post-pandemic work trends by redesigning office spaces for flexible hybrid models, reshaping the Loop and suburban markets.
Chicago developers are redesigning office spaces as companies embrace hybrid work models, transforming the commercial real estate landscape downtown.
New research places Chicago second only to Austin among Midwest startup ecosystems, driven by fintech growth and venture capital investments.
Target's new 75,000-square-foot flagship store on Michigan Avenue features local partnerships and aims to revitalize downtown retail amid post-pandemic recovery.
Midwest Metal Works announces $15M facility expansion in Pilsen, bringing 200 new manufacturing jobs to Chicago's Southwest Side community.