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Posted on March 3, 2014 at 11:33 AM by Mayor Kaptain
Long term strategic planning by city leaders- past and
present- is paying off for our community and proving that Elgin truly is the City
in the Suburbs. Elgin led the
state of Illinois in housing start for 2013 and is topping the market with
commercial growth, which means jobs for residents. Elgin has come back strong and our residents
should be proud to call Elgin their home.
In 2013, Elgin had 299 building permits for new homes,
compared to Naperville who was second with 236. These numbers indicate that
people have confidence in Elgin and appreciate what we have to offer- a great
location, convenient transportation, superior quality of life, low crime rate,
great variety of housing and dependable city services. We are attracting young
families, retirees, and transplants from other cities that find great value for
their dollar and see a community with a lot to offer.
Part of what Elgin has to offer is a great pool of job
opportunities, through business expansion. Developer analysis has identified
Elgin as an ideal location for investment. In 2013 alone, Elgin gained 459,000
square feet of new commercial space. Our skilled workforce, water and sewer infrastructure,
low Kane County taxes and location on the I90 corridor all contribute to
attracting companies to Elgin. Even without incentive packages, Elgin is one of
the only communities with Class A speculative development.
This expanding number of international high-tech companies,
health care providers and others who are investing in Elgin help provide good
paying jobs. And jobs are what it is most important to our growth. By providing
good jobs, we enable people to invest in our community, buying homes and
purchasing goods from our retail businesses. Both business growth and
residential growth are related to each other and important elements of Elgin
continuing to prosper and stabilize.
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