Business Stories from May 15, 2022
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Saudi oil giant Aramco's first-quarter profits surge 80%
May 15, 2022 7:00 AM - Oil giant Saudi Aramco says its profits soared more than 80% in the first three months of the year, as the state-backed company cashes in on the volatility in global energy markets and soaring oil prices following Russia's invasion of Ukraine
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Illinois poised to become bigger film hub with July 1 tax credit expansion
May 15, 2022 6:00 AM - Illinois has long been a hub for film and TV, but productions will likely spike after the Illinois Film Production Tax Credit expansion goes into effect July 1 providing even more incentive for companies even more incentive to film here. -
Inland Real Estate Commercial Brokerage, Inc. represents Phase Three Brewing Company on Elmhurst lease
May 15, 2022 1:00 AM - Inland Real Estate Commercial Brokerage, Inc. announced the signing of a retail lease by Phase Three Brewing Company at 492-494 South Spring Road in Elmhurst. Paul Montes and Eric Spiess, senior vice presidents of Inland Commercial Brokerage, represented Phase Three Brewing on the lease. -
Naperville Area Chamber of Commerce announces 2022 Four Under 40 honoreesMay 15, 2022 1:00 AM - The Naperville Area Chamber of Commerce announced the recipients of the 2022 Four Under 40 Achievement Awards. This prestigious annual award recognizes four young professionals under the age of 40 who demonstrate excellence in community leadership, leadership in business, as well as excellence in career, and life balance.
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Leeco Steel wins awardMay 15, 2022 1:00 AM - Leeco Steel, the largest supplier of steel plate in North America, received the Metal Service Center Institute's (MSCI) 2021 "Safety Culture Improvement" award during a virtual ceremony on May 11.
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Lee & Associates of Illinois brokers sale of industrial buildingMay 15, 2022 1:00 AM - Lee & Associates, the largest broker-owned commercial real estate firm in North America, has closed a $4.5 million sale transaction for a 119,115-square-foot, multi-tenant industrial building located on 6.55 acres at 742 Glenn Avenue in Wheeling.
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Succession planning for local businesses
May 15, 2022 1:00 AM - As a local business owner, creating a financially stable future for yourself, your employees and your clients is a high priority, and one of the best ways you can do that is developing a succession plan. -
The investment CEOs need to make now
May 15, 2022 1:00 AM - It's time for CEOs to stop the cycle of sales and marketing inefficiency. In today's economy with pipelines evaporating due to changes in market demand and supply chain interruptions, key accounts are one of the safest investments for CEOs to make. -
10 Things you should know about factoring invoices
May 15, 2022 1:00 AM - Factoring invoices helps businesses who need working capital quickly improve their cash flow. With this financing, your business can leverage your assets by borrowing against your unpaid accounts receivable value. -
Des Plaines getting new hotelMay 15, 2022 1:00 AM - IHG Hotels & Resorts announces the opening of avid hotel Chicago O'Hare -- Des Plaines, located less than 3 miles from one of the world's busiest airports and the first hotel in Illinois for the rapidly growing brand. With this most recent opening, avid hotels now has 53 locations open across the U.S and Mexico.
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