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This Week's Chicago Deal Sheet (April 4, 2021)


Ingersoll Machine Tools broke ground on an expansion that will add 40K SF to its 500K SF campus in Rockford, Illinois. The manufacturer creates machine tools for the aerospace and other industries and will use the new space to help build a mount weighing nearly 2,000 tons for the Giant Magellan Telescope under construction in Chile.
The project is a collaboration between German manufacturer OHB SE and Rockford-based Ingersoll, a division of the Camozzi Machine Tool Group. The mount will hold seven mirrors, each about 27 feet in diameter. Ingersoll officials expect it will be completed and delivered to the Las Campanas Observatory in Chile s Atacama Desert by the end of 2025. ....

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City commission supports new jobs, new housing in new year - Grand Rapids Business Journal


Grand Rapids Business Journal
The Grand Rapids City Commission kicked off its new legislative year focusing on job and housing creation.
The city commission held public hearings on two proposed development projects that will result in 245 jobs coming to Grand Rapids with an estimated $142,616 in new annual income tax revenue to the city. It also supported future housing development totaling $87 million that will create 308 new housing units 263 of which will be affordable. It also learned more about proposed zoning changes that would promote the development of new housing.
Mayor Rosalynn Bliss said the incentives provided by the commission are an investment in Grand Rapids’ future economic prosperity and housing needs. ....

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