The mystery has been cleared up. A new office and research presence will soon be up and running in northeast Naperville.
SKF Group, a Swedish industrial consultant and provider of bearings, seals, lubrication systems and industrial services, will construct a two-story, 131,000-square-foot building at 1203 Warrenville Road. Ten of the site’s 13 1/4 acres are within Naperville’s boundaries, and the remainder is in unincorporated DuPage County.
Part of the planning for the new building is inclusion of features, among them proposed setback variances, designed to minimize the development’s impact on adjacent wetlands.
The new office center will create 40 full-time jobs in the next two years and add 40 more in the following two. Approved unanimously last month by the Naperville Planning and Zoning Commission without the name of the company being revealed, the project is coming to the city with help from a state incentive package worth an estimated $2.2 million over the next decade.
Primarily a credit against the company’s state income tax liability, the arrangement was made through the Economic Development for a Growing Economy (EDGE) program, administered by the Illinois Department of Commerce and Economic Opportunity. In addition to the 80-job commitment, SKF also is required to invest no less than $18.6 million in the new location over the next 10 years. The company has said it might eventually employ up to 200 people at the site.
“We are grateful for the trust SKF has placed in the state of Illinois,” said Adam Pollet, DCEO director, in a news release. “With our investments in our people and infrastructure, we want to make Illinois an easy choice for employers looking to expand their skilled labor force.”
SKF already operates in Illinois. Its manufacturing facility in Elgin has been open since 1960, and a second plant was added in Waukegan in 2009. The two locations employ about 390 people.
Attorney Russ Whitaker, who is representing SKF, has said the proposal is headed for final clearance by the Naperville City Council at its Aug. 19 meeting.Tags: Jobs, SKF Group