Your Business in Schaumburg, IL

//Your Business in Schaumburg, IL

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 11thlargest 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.

2019-03-28T14:50:31+00:00 January 26th, 2019|Commercial Moving|

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