Art Van Furniture Invests Around $40 Million To Open Distribution Center, Stores, In Chicago Area
04/29/2013
The six new Art Van Furniture stores will be located in the Ford City and Logan Square neighborhoods of Chicago as well as Batavia, Bolingbrook, Orland Park, and Merrillville-Hobart, Indiana. A regional 183,000 square foot distribution center will also be based in Bolingbrook, Ill. Art Van Furniture plans to open more than a dozen retail locations and an equal number of its Art Van PureSleep bedding stores over the next three years. In Michigan, Art Van Furniture operates 36 stores and employs more than 2,700 associates.
“Art Van Furniture joins the growing number of companies that are choosing Illinois to invest and grow their business,” Gov. Pat Quinn said. “With our diverse economy and our pool of highly-skilled workers, Illinois is a great place to do business. We are committed to working with companies like Art Van Furniture to create jobs and drive our economy forward.”
“Chicago is definitely our kind of town,” Art Van Elslander, founder and chairman of Art Van Furniture said. “This is a world-class city in a world-class state whose residents possess a great zest for life, passion for work, play and leisure, and pride in community. We look forward to introducing families to Art Van Furniture’s one-of-a-kind lifestyle shopping experience and helping them to make their homes more stylish and comfortable without breaking the bank.”
The Illinois Department of Commerce and Economic Opportunity provided a targeted investment package that includes the Economic Development for a Growing Economy tax credits. Art Van Furniture is eligible for the credit worth $404,000 over ten years, and will invest nearly $5 million to open a regional warehouse in Bolingbrook that creates dozens of jobs. The EDGE tax credits are performance-based, meaning a company is not eligible for tax credits unless it meets its commitment to create jobs and make the agreed upon private investment.
Project Announcements
Swiss-Based GF Casting Solutions AG Plans Augusta, Georgia, Operations
05/07/2024
3M Expands Valley, Nebraska, Production Operations
05/07/2024
Advanced Call Center Technologies Expands Norman, Oklahoma, Operations
05/07/2024
Rivian Automotive Expands Normal, Illinois, Operations
05/06/2024
Meta Platforms Plans Montgomery, Alabama, Data Center Operations
05/06/2024
Crystal Window & Door Systems Plans Selma, North Carolina, Production Operations
05/06/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
Making Hybrid More Human in 2024
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
Last Word: Striking a Balance - Prioritizing Electric Infrastructure While Preparing for the Next Wave of Industrial Expansion
Q1 2024