Business View Magazine - June 2016 121
O’Hare International Airport and area expressways
helped fuel its rapid growth, as more and more farm
fields were being turned into residential subdivisions,
office parks, and manufacturing plants. According to
Matt Frank, Schaumburg’s Economic Development
Manager, today, the town of 75,000 is “the second
largest economic generator in the State of Illinois,
behind Chicago, because of the amount of business
and retail sales and hospitality. We’re a community
that was planned for business and corporate growth
and we’ve lived up to that over the past 60 years,” he
said.
In fact, Schaumburg is one of the many villages and
towns of Chicago’s northwest suburbs that is con-
sidered part of the “Golden Corridor” - so named for
the Fortune 500 company headquarters, office and
industrial parks, exhibition and entertainment cen-
ters, medical facilities, hotels, shopping centers, and
restaurants located along its length; all generating a
“gold” mine of economic profit for the various commu-
nities within its sphere of influence.
Frank notes that Schaumburg is the world headquar-
ters of Motorola Solutions and recently added Sunstar
Americas this past year. “We’re heavy into financial
AT A GLANCE
WHO:
Schaumburg, Illinois
WHAT:
A village of 75.000
WHERE:
In Cook County, Illinois, NW of Chicago
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