West Chicago business park continues growth spurt with Amazon distribution hub

About a decade ago, a business park south of the DuPage Airport had just one operating business: a sales and repair office for a window company.

Today, the DuPage Business Center is almost fully built out, home to an Amazon distribution center that helped complete a remarkable turnaround at the massive campus in West Chicago.

Last summer, Amazon opened a “last mile” facility that handles packages for the last leg of delivery to customers. The 145,000-square-foot distribution hub brought about 250 employees, plus another 300 drivers, to the sprawling site.

Amazon has contributed to “major growth” at the 800-acre business park south of Roosevelt Road, West Chicago Mayor Ruben Pineda said during his State of the City address this week. And with strong demand for industrial space, more developments are still to come, capitalizing on the park’s infrastructure and access to interstate highways, city leaders say.

“It is ready to

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German Government Raises 2021 Economic Growth Forecast | Business News

By DAVID RISING, Associated Press

BERLIN (AP) — Germany is raising its economic growth forecast for the year on the expectation of the gradual lifting of coronavirus restrictions and an anticipated rise in domestic spending, the economy minister said Tuesday.

Peter Altmaier said gross domestic product is expected to increase 3.5% in 2021 now, up from a previous forecast of 3%, and that it should grow 3.6% in 2022.

He said that the government’s “comprehensive and quick support” for businesses had paved the way for a return to pre-pandemic levels by next year for Europe’s largest economy.

“Our economy is strong, robust and ready for a new start,” he said.

Last year, Germany’s gross domestic product shrank by 4.9%. That ended a decade of growth and was the biggest decline since the financial crisis in 2009.

It did better than several others in the 19-country eurozone, however, as it was

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IMF Upgrades Forecast for 2021 Global Growth to a Record 6% | Business News

By PAUL WISEMAN, AP Economics Writer

WASHINGTON (AP) — The rollout of COVID-19 vaccines and vast sums of government aid will accelerate global economic growth to a record high this year in a powerful rebound from the pandemic recession, the International Monetary Fund says in its latest forecast.

The 190-country lending agency said Tuesday that it expects the world economy to expand 6% in 2021, up from the 5.5% it had forecast in January. It would be the fastest expansion for the global economy in IMF records dating back to 1980.

In 2022, the IMF predicts, international economic growth will decelerate to a still strong 4.4%, up from its January forecast of 4.2%.

“A way out of this health and economic crisis is increasingly visible,’’ IMF chief economist Gita Gopinath told reporters.

The agency’s economists now estimate that the global economy shrank 3.3% in 2020 after the devastating recession that

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Growth And Green Shoots – BW Businessworld

No man will make a great leader who wants to do it all himself, or to get all the credit for doing it — Andrew Carnegie

In this issue we flash a spotlight on Uttar Pradesh, a state that has witnessed an amazing turnaround over the last four years – not just in its fortunes  but in terms of overall governance. The outcome has been a tremendous response from investors, who have reposed their faith in the UP administration even during the long pall of gloom that gripped the country and the world since January 2020.

The state has transformed into an industrial powerhouse over the last four years. It saw investments flow in to the tune of Rs 4.68 lakh crore during the Investors Summit in 2018, where new projects worth Rs 3 lakh crore were announced for the ensuing two years. At the same time UP remained committed

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