{"id":1004102216,"date":"2014-08-13T07:43:13","date_gmt":"2014-08-13T15:43:13","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=284453"},"modified":"2022-12-08T17:41:47","modified_gmt":"2022-12-09T01:41:47","slug":"skf-group-to-build-new-research-and-development-center-in-naperville","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/skf-group-to-build-new-research-and-development-center-in-naperville\/","title":{"rendered":"SKF Group to Build New Research and Development Center in Naperville"},"content":{"rendered":"<p><em>By Ioana Neamt, Associate Editor<\/em><\/p>\n<p><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/08\/1395865_10152008096266934_633770295_n.png\"><img decoding=\"async\" loading=\"lazy\" class=\"alignleft size-thumbnail wp-image-284475\" title=\"1395865_10152008096266934_633770295_n\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/08\/1395865_10152008096266934_633770295_n.png\" alt=\"\" width=\"150\" height=\"150\" \/><\/a>SKF USA Inc., a SKF Group subsidiary plans to build a two-story, 130,000-square-foot industrial facility at 1203 Warrenville Road in Naperville, Ill. \u00a0City and state officials recently revealed that the Swedish-based manufacturer has chosen the Chicago suburb for its new North American R&amp;D center. Headquartered in Gothenburg, SKF is currently the largest bearing manufacturer in the world.<\/p>\n<p>\u201cI could not be happier at SKF Group\u2019s decision to become a part of the Naperville community\u201d, said Mayor A. George Pradel. \u201cNaperville\u2019s reputation is second to none, and SKF\u2019s decision to move here showcases what this community can do for businesses.\u201d<\/p>\n<p>The new research and development center will house scientists, engineers and administrative staff, and is expected to create 40 full-time jobs within the next two years. The development site is conveniently located in close proximity to the Interstate-88 business corridor.<\/p>\n<p>&#8220;The tech corridor along I-88 has long been a driving force in getting new companies to come to Illinois, and Naperville in particular,&#8221; says Christine Jeffries, president and CEO of the Naperville Development Partnership.<\/p>\n<p>The Swedish manufacturer received a $2.2 million state initiative package and an additional $20,000 grant for job training, under Illinois\u2019 Economic Development for a Growing Economy (EDGE) program. In order to receive the credits, SKF has to invest at least $18.6 million in the Naperville location over the next 10 years. The company disclosed that the Naperville facility might eventually house more than 200 employees.<\/p>\n<p>\u201cThe Naperville-based R&amp;D center will strengthen our global network of technical centers that support each of our key regions. It provides a central location to some of our most significant U.S. customers, proximity to many local world class research universities and a highly-educated workforce that is critical to our knowledge engineering efforts,&#8221; says Tom Johnstone, SKF president and CEO.<\/p>\n<p>Naperville officials will discuss further details and rezoning approvals at the City Council\u2019s August 19\u00a0meeting. The company would need to annex and rezone about 3 acres of unincorporated DuPage County land.<\/p>\n<p><em>\u00a0Logo courtesy of SKF Group<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SKF USA Inc., a SKF Group subsidiary plans to build a two-story, 130,000-square-foot industrial facility at 1203 Warrenville Road in Naperville, IL.<\/p>\n","protected":false},"author":192,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21742],"tags":[1815],"class_list":["post-1004102216","post","type-post","status-publish","format-standard","hentry","category-chicago","category-latest","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SKF Group to Build New Research and Development Center in Naperville - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/skf-group-to-build-new-research-and-development-center-in-naperville\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SKF Group to Build New Research and Development Center in Naperville\" \/>\n<meta property=\"og:description\" content=\"SKF USA Inc., a SKF Group subsidiary plans to build a two-story, 130,000-square-foot industrial facility at 1203 Warrenville Road in Naperville, IL.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/skf-group-to-build-new-research-and-development-center-in-naperville\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-08-13T15:43:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T01:41:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/08\/1395865_10152008096266934_633770295_n.png\" \/>\n<meta name=\"author\" content=\"Ioana Neamt\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/skf-group-to-build-new-research-and-development-center-in-naperville\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/skf-group-to-build-new-research-and-development-center-in-naperville\/\",\"name\":\"SKF Group to Build New Research and Development Center in Naperville - 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