Those Who Know Business in Elmhurst Ponder the Economic Impact of the 2012 Election
To spend or not to spend? Opinions vary widely.
New businesses have been popping up in Elmhurst at a fairly good pace over the past year or so. Most seem popular—wildely popular, even, like the new Elmhurst Mariano's expected to open in spring 2013. But other economic signs tell a different story. For every new shop that's opened, another has closed, including a trio of bakeries: Julianne's, Heavenly Cupcake, Bleeding Heart. And, the stalled Hahn Street project for the past six years has been tweaked, postponed, moved into a new TIF district, sent back to the drawing board and now is being evaluated by experts to determine its best use. Consultants say apartments should go there. Some Elmhurst aldermen aren't thrilled with that assessment. So, we're fresh off a presidential election …
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Dave
12:35 pm on Saturday, November 10, 2012
At a minimum, we have some very difficult years ahead of us. For example,because of the impact of Obamacare (which will be even more onerous in 2014), Welch Allyn (a manufacturer of medical devices) is laying off 10% if its workforce, Stryker (another medical manufacturer) is laying off 5%, Boston Scientific is laying off between 1,200 and 1,400 people, Medtronic is laying off 1,000 people, … more ›