122 Business View Magazine - June 2016
and insurance services,” he says. “Zurich Insurance
has their Midwest headquarters here in Schaumburg,
and they’re building a brand new facility – over a $300
million investment. Roughly 700,000 square feet of
new office space is going to open up in September
and they will be relocating 2,200 employees into this
brand new facility. GE Capital has a large presence
here. We’ve got Verizon Wireless, A.C. Nielsen, IBM,
and Comcast,” he adds.
According to Frank, within the Village’s 20 square
miles, there are: 13 million square feet of manufactur-
ing space, 12 million square feet of office, and roughly
9 million square feet of retail. “Woodfield Mall, one
of the largest malls in the U.S. opened in 1971 and
just underwent a major renovation,” he says. “It at-
tracts 27 million people a year. So it’s an incredible
economic generator for us.” Schaumburg is also home
to 26 hotels, with four more under construction, and
over 200 restaurants. These enterprises serve more
than 100,000 business travelers who attend 100 plus
events per year at the Village’s state-of-the-art conven-
tion center—the Renaissance Schaumburg Convention
Center and Hotel—which boasts 100,000 square feet
of exhibition space.
Also helping to market Schaumburg as a place to do
business, is its local Chamber of Commerce, the Scha-
umburg Business Association - a 650-member orga-
nization that partners with the Village to coordinate
and promote events. “They host four manufacturing
summits a year; they host two commercial real estate
summits, plus a variety of other events and programs,”
Frank says. “We have a great relationship with them
