Last week I was in HN Automotive for a presentation from the governor for another expansion that they were undertaking. HN has been a client of ours since 1995. They started with only 2 employees in 10,000 sf, but grew at a steady rate and today employ 110 in 127,000 sf.
And what is the impact of one company like this? According the Illinois State Chamber of Commerce’s calcs, 100 manufacturing jobs result in 415 more jobs because of the multiplier impact. Other benefits are: $13 million in personal income annually; $5.5 million in bank deposits; 7 more retail shops; $7.7 million more retail sales; $540,000 in added tax revenue; and many other benefits.
Those benefits are why we spend so much time trying to bring companies like HN Automotive into our buildings in the agurbs®.
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