Your Business in Schaumburg, IL

There are plenty of places throughout Illinois to station your business. Less than 30 miles northwest of downtown Chicago, you’ll find an intriguing option: the Village of Schaumburg. In the past few years, Nerdwallet.com ranked Schaumburg as one of best places in Illinois to start or move a business. You can find the entire list here, but if you’ve decided to take your business to Schaumburg, here are some helpful things to know.

Overview
- Recent data lists the population of Schaumburg as 75,857, the median price of a home at $240,200 and the median price of rent at $1,227
- Schaumburg is home to the Woodfield Mall, the 11^thlargest mall in the entire country
- Last year, Money Magazine ranked Schaumburg as the best place to live in Illinois
- Bordering towns include Hoffman Estates, Palatine, Rolling Meadows, Elk Grove Village, Roselle, Hanover Park and Streamwood

Schaumburg Office Image


Rank	City	Population	# of Businesses	Average Revenue per Business	% of Businesses with Paid Employees	Businesses Per 100 People	Unemployment Rate	Overall Score
1	Oak Brook	7,956	3,408	$3,118,694	37.76%	42.84	3.2%	64.26
2	Itasca	8,442	1,561	$8,827,217	38.18%	18.49	4.8%	61.92
3	Lincolnshire	7,254	1,307	$5,778,522	42.16%	18.02	3.8%	58.56
4	Countryside	5,929	850	$2,334,075	52.59%	14.34	5.7%	52.44
5	Peru	10,188	821	$2,157,364	61.14%	8.06	7.9%	50.96
6	Deerfield	18,408	3,140	$5,016,809	32.10%	17.06	4.1%	50.34
7	Elk Grove Village	33,247	5,486	$3,121,996	42.58%	16.5	5.1%	50.06
8	Burr Ridge	10,615	2,110	$1,866,314	36.26%	19.88	2.7%	49.58
9	Northfield	5,161	1,339	$1,201,898	36.00%	25.94	2.4%	49.37
10	Lisle	22,557	2,613	$4,537,732	38.31%	11.58	5.7%	48.89
11	Bensenville	18,453	2,424	$2,213,869	49.01%	13.14	5.8%	48.21
12	Litchfield	6,979	505	$1,465,711	50.30%	7.24	3.5%	48.03
13	Effingham	12,264	1,494	$1,559,763	45.38%	12.18	4.3%	47.61
14	Northbrook	33,283	7,777	$1,561,703	32.54%	23.37	3.8%	46.69
15	Libertyville	20,360	2,751	$1,975,206	37.95%	13.51	4.3%	45.56
16	Downers Grove	48,964	6,575	$3,210,356	31.94%	13.43	5.1%	44.41
17	Schaumburg	74,292	8,893	$3,301,907	33.58%	11.97	5.4%	43.89
18	Marion	17,282	1,846	$1,743,223	41.50%	10.68	6.3%	43.61
19	Morris	14,019	1,103	$815,488	45.60%	7.87	4.4%	43.56
20	Bloomington	77,293	6,187	$3,884,201	30.18%	8	4.9%	43.38
21	Willowbrook	8,599	1,550	$857,492	37.74%	18.03	6.5%	43.33
22	Melrose Park	25,393	1,450	$3,676,122	44.90%	5.71	8.9%	42.92
23	Lake Forest	19,044	2,771	$2,999,237	26.49%	14.55	3.2%	42.85
24	Hinsdale	16,637	2,652	$788,423	32.01%	15.94	3.5%	42.31
25	Moline	43,279	2,932	$2,431,595	37.28%	6.77	5.1%	42.19
26	Wood Dale	13,823	2,461	$2,507,466	31.00%	17.8	6.3%	42.18
27	Palos Heights	12,540	1,648	$707,637	40.41%	13.14	6.0%	42.18
28	Barrington	10,662	1,834	$987,549	35.28%	17.2	5.7%	42.15
29	Lombard	43,492	4,260	$2,481,255	37.07%	9.79	6.1%	41.91
30	Franklin Park	18,383	2,815	$3,384,411	31.40%	15.31	7.7%	41.82

Schaumburg Office Body Image

Transportation
- Bus transportation is offered throughout the village via Pace. Schaumburg also boasts a Metra Milwaukee Distrist/West Line that travels between Elgin and Chicago’s Union Station. The Schaumburg Regional Airport, a small general aviation airport, is located along Irving Park Road
- According to travel information from Google Maps, the village is roughly 20 minutes from O’Hare International Airport, 40 minutes from Downtown Chicago and 50 minutes from Midway International Airport
Existing Employers
- The village’s official website has compiled the top ten major employers in the community
  - Woodfield Mall/4,000 employees
  - Zurich North America/2,600 employees
  - School District 54/2,030 employees
  - Motorola Solutions/1,600 employees
  - Optum RX/1,300 employees
  - Career Education Corporation/1,220 employees
  - IBM, 950 employees
  - Genworth Financial Capital/850 employees
  - Nation Pizza Products/700 employees
  - Friendship Village/650 employees

Schaumburg Office Body Image 2

Business Budgeting
- According to the official village website, Schaumburg’s village property tax levy is 30-percent less (0.622) than the next highest levy of Roselle (0.923)
- Tax Increment Financing District (TIF) north of I-90 was established in 2014
- All businesses in Schaumburg are required to purchase an official Schaumburg Business License. New businesses must first apply for the certificate of occupancy
- The village collects a tax on amusements, automobile leasing, prepared food and beverages, real estate transfers and telecommunications. Additionally, a one-percent home rule sales tax is collected on purchases of general merchandise, excluding groceries and licensed vehicles
- Village officials say Schaumburg offers a diverse economical view, one that includes 10 industrial parks, 67 shopping centers, 12.1 million square feet of office space and over 200 restaurants
Future Features
- The village is also keeping an eye on the future, publically displaying a list of visions and goals for their business community, including:
  - A vibrant mixed-use center with a walkable core of offices for international, national and local companies
  - Hotels, entertainment venues and other amenities serving day-time users as well as providing a unique evening destination
  - High-end residential options to allow employees to live within walking distance to office core
  - A framework of connected public streets, trails, open spaces and walkable development blocks, which includes seamless connections across Meacham Road for the east and west district
  - Modern corporate office facilities to attract and retain top tier corporations

Whether you plan to move your business to Schaumburg or elsewhere, our professionally trained staff is ready to help! To learn more about the moving process, contact us here.