Best Places to Work

PHILANTHROPY: The city’s arts and culture nonprofits are scrambling to survive. PAGE 13

MERCY HOSPITAL: Closure will intensify a public health crisis. PAGE 3 CHICAGOBUSINESS.COM | AUGUST 10, 2020 | $3.50

AS IT TRIES TO KEEP UP WITH surging online orders from consumers, Amazon is delivering big-time CHICAGO’S BIGGEST GROWTH ENGINE THESE DAYS? for two other groups: industrial developers and unemployed workers.  e Seattle-based e-commerce giant has emerged as the Chicago economy’s biggest growth engine this year, providing a much-needed lift amid a global pandemic that has devastated lo- AMAZON cal businesses and put thousands of people out of The e-commerce giant has leased 14.2 million square work. Amazon has leased local warehouses total- feet of warehouse space here this year, with plans to ing 14.2 million square feet this year—more than three Willis Towers combined—with plans to hire hire as many as 15,000 BY ALBY GALLUN as many as 15,000 people to work in them.

See AMAZON on Page 40

CRAIN’S CHICAGO BUSINESS BEST2020 PLACES TO WORK BLOOMBERG

2020 CRAIN’S CHICAGO BUSINESS Here’s what’s driving 2020

2020 2020 the murder wave New factors combine for a highly combustible mix 2020 BY A.D. QUIG sprung into full ame as the eco-

BEST NEWSCOM PLACES TO WORK nomic recession sparked by the Flex hours, remote work and Even by Chicago’s dismal stan- pandemic punishes the city’s of the George Floyd killing, street generous PTO—valuable perks dards, 2020 is shaping up to be most vulnerable neighborhoods. outreach workers on the front pre-pandemic—are even more a remarkably violent year. And With jobs growing even more lines of violence say.  at hope- important these days. The 100 while conventional wisdom dic- scarce and the church, school, lessness is changing the rules companies on our list are showing tates that the warmth of summer nonpro t and government safety of engagement on the streets. is the usual fuel for Chicago’s gun nets that typically hold commu- A cycle of retaliation has set in, the way: providing employees with violence, the embers of this year’s nities together strained by the and children and bystanders, the perks, amenities, pay and bene ts con agration began smoldering pandemic, a growing sense of once considered o -limits, are that keep them happy. PAGE 27 over the winter, eased during hopelessness has emerged, one the early COVID lockdown, then that deepened in the aftermath See CRIME on Page 41

NEWSPAPER l VOL. 43, NO. 32 l COPYRIGHT 2020 CRAIN COMMUNICATIONS INC. l ALL RIGHTS RESERVED GOYA DIVORCE South Side company Busy local lawyers say La Preferida is getting the pandemic is helping a boost from the recent to break up marriages Trump controversy. But that were already under there’s a flip side. PAGE 3 stress. PAGE 4 2 AUGUST 10, 2020 • CRAIN’S CHICAGO BUSINESS Who’s right about recidivism? It all depends. he testimony from State’s At- As I concluded in a column a couple prosecutions, because they fail torney Kim Foxx was distinctly of weeks ago about the electron- to pass muster with Foxx’s felony eyebrow-raising. ic monitoring system, it’s almost review team. But her overall mes- TAppearing before the Cook Coun- impossible to tell because each of sage was clear: Letting people out GREG HINZ ty Board Finance Committee recent- the players—judges and police, doesn’t mean they immediately ly, Foxx said she wanted to dispel the prosecutors and academics—keeps return to crime in large numbers. ON POLITICS notion that her support of electronic a dierent scorecard. And they each Now, Saniie’s ndings were monitoring and other forms of show dierent things. eerily similar to those in a recent noncash bail has fueled Chicago’s Let me start with what Foxx came story in the New York Times, which be trying to calm what has been ers for the campaign have been summer of street violence. In fact, up with. reported that despite fears about some pretty sharp jostling over observing bond court cases and just she said, of 1,822 people arrested A couple of years ago, she shrewd- the onset of no-cash bail there, just crime statistics between county and between July 27 and July 31 found and prosecuted for gun oenses in ly hired a crack researcher who’d seven of 1,500 inmates released city ocials. eight people who were on bond the rst half of the year, just 26 have worked for the Obama campaign, from jail this spring have since So, I turned to another source: for gun charges and rearrested on been rearrested and recharged with Matt Saniie, and set him to work. been rearrested on another weap- Cook County Sheri Tom Dart. new gun charges. O’Brien notably Saniie has access to all sorts of ons charge. And his ndings are According to his oce, of 8,232 disclosed the names of the eight. inside court and oce records, similar to claims made last year people released from the jail on gun “Everything we’ve seen suggests EACH OF THE PLAYERS KEEPS A and derived the gures Foxx by Foxx’s political patron, County charges in the rst half of the year— (Foxx’s) statement is not accurate,” DIFFERENT SCORECARD. disclosed, based on a study of Board President Toni Preckwinkle, including those out on bond or pro- he says. arrests referred to the oce who said the true rearrest record bation or because they completed One other source who would for prosecution. Saniie said was only around 1 percent. their sentence, but excluding those have an idea is Tim Evans, chief gun oenses since then, similar he couldn’t release his actual les But Preckwinkle’s claim was on electronic monitors—a whop- judge of Cook County Circuit Court. to the levels in 2018 and 2019. e because of condentiality concerns. promptly disputed at the time by a ping 1,927, or 23 percent, since have Says his spokeswoman: “Because perception that she’s installed a In her testimony, Foxx was WGN story, which cited police data been rearrested on a gun-related the chief judge’s oce hasn’t seen revolving door of sorts at the county careful to note that, because police that found a 12 percent rearrest rate charge, including violating proba- the report the state’s attorney refer- jail is “a simplistic narrative”—and have such a low clearance rate on for alleged gun felons out on bond. tion. enced, we can’t comment.” it’s wrong, she declared. many violent crimes, it’s impos- Unfortunately, Chicago police say Also with his own, dierent data Sigh. I’ll keep digging, but report- But is Foxx right in her facts? sible to know the true recidivism they are no longer able to compile is former Judge Pat O’Brien, the ing this story sure makes we want It depends who you believe and rate by those out on bail. Beyond such data because of changes at the GOP nominee for state’s attorney to stop by Burger King and order a whose set of data is more accurate. that, some arrests never turn into county. And, frankly, they seem to this fall. According to him, track- couple of Whoppers. Local history of mismanagement provides lessons for mayor

t was supposed to be over by what he acknowledged during the Madigan and a compliant Legis- now. e latest federal bailout transition. lature, he also skipped half of the Ipackage in response to the Lightfoot dealt with that eective- state’s pension payments for two COVID-19 pandemic was supposed ly in her 2020 budget. en COVID years—patching a budget gap but DAVID GREISING to be a done deal. hit this year and blew it to pieces. saddling a generation of residents Like their counterparts all across Federal aid has helped to some with the bill. ON GOVERNMENT the country, Gov. J.B. Pritzker and extent. In the last round of COVID Lightfoot has said she learned Chicago Mayor Lori Lightfoot have bailout, Chicago was set to receive lessons from such mistakes. As one been counting on this latest round around $1.1 billion in federal relief. signal, she shut down the city’s In- None of Lightfoot’s options are it provides useful lessons for the to help them compensate for the But Lightfoot astutely saw more frastructure Trust, set up by Emanu- appealing. Such is life leading mayor about mistakes she needs to lost revenue and rising costs arising gaps were yet to come. el to facilitate further privatizations. Chicago while facing COVID-19. avoid. from the pandemic. Over the course of this summer, She initially ruled out pension obli- e way the talks in Washington are When the Democrat-controlled she has advocated for a HEROES gation bonds—though that option going, some distinctly painful and Crain’s contributor House passed its HEROES Act in Act bailout, knowing all the while may now be on the table. undesirable options may come into David Greising is pres- May—a proposed fourth round of a HEALS Act zero-out might hit e mayor has tried to avoid play. ident of the investiga- federal COVID stimulus—it includ- Chicago instead. property tax hikes and job cuts, too. e history of past mismanage- tive watchdog Better Government ed $917 billion in funding for state Not since the Great Chicago Fire Yet both may need to be considered. ment may be painful. But at least Association. and local governments. It’s now has a Chicago mayor looked out on August, and the HEALS Act draft a landscape quite so bleak. COVID relief plan put forward by Staring into an abyss can cause the Republican-controlled Senate strange and sometimes scary plans has an entirely dierent proposed to enter the minds of even responsi- funding level for cities and states: ble public ocials. And recent local history provides a few examples LIGHTFOOT IN HER BRIEF TENURE HAS of how badly this can go. At Wintrust, your banker knows you. SOME EXPERIENCE IN BUDGET SURPRISES. ree times, under much zero new money for them. lighter scal stress, Mayor Rich- Someone puts you first. With a nearly $1 trillion gap be- ard M. Daley peddled prized city tween them, just on this one issue, property, privatizing the Chicago it’s no surprise House and Senate Skyway and city parking assets, too. leaders had not reached a compro- He promised the billions he raised mise. By midweek, an attempt to would create a “rainy day” fund to set a Friday deadline for nishing last a generation. Instead, Daley the deal had disappeared like the spent it all in the blink of a few wishful dream it once was. annual budgets. As the saying goes, $1 trillion Gov. Rod Blagojevich had his here, $1 trillion there, and before own creative but costly response you know it, we’re talking a lot of to the state’s scal stress. In 2003, money. Or, for America’s states and he peddled $10 billion in pension cities, you’re talking about no mon- bonds, promising to earn more in ey at all. It all depends on whom investment returns than the state You made us feel that we were the you’re talking to. would pay in interest on the bonds. only account you were working on. Imagine what it must be like Instead, Blago took more than inside City Hall, looking at uncer- a quarter of the proceeds to pay – Cheryl Obermeyer, Chicago History Museum Start the conversation at tainties on that scale. pension obligations. e gambit wintrust.com/meetus. At least Mayor Lori Lightfoot betrayed the premise, and the ben- in her brief tenure has developed ets, of his bond sale. some experience in budget sur- at wasn’t the only recklessness prises. Rahm Emanuel left her an Blago had in store. With the willing Banking products provided by Wintrust Financial Corp. banks. $838 million gap, far larger than support of House Speaker Mike CRAIN’S CHICAGO BUSINESS • AUGUST 10, 2020 3

State Rep. Lamont Robinson Motorola’s video bet gets riskier It’s doubling down on a category that’s singed other tech giants

BY JOHN PLETZ

Motorola Solutions is dou- bling down on video in an e ort to diversify beyond its core pub- lic-safety radio business. As the coronavirus squeezes budgets, potentially delaying new big-ticket investments in radios and dispatch equipment, the Chi- cago-based company is adding to its growing video capabilities. On Aug. 3, Motorola said it paid $110 million for Pelco, a Fresno, Calif.-based company that makes video cameras and software. CEO Greg Brown’s dive into vid- eo began two years ago, when Mo- torola bought Avigilon, based in Vancouver, British Columbia, for HOW MERCY’S $1 billion. Since then, he’s been buying and building new prod- ucts, from body-worn cameras to license-plate readers. “It’s been a good move,” says EXIT WILL HIT Keith Housum, an analyst at Northcoast Research in Cleve- land. “If you look where the com- pany was three or four years ago, it was 100 percent tied to (radios). THE SOUTH SIDE Now you’ve got 10 to 15 percent of

JOHN R. BOEHM R. JOHN the business coming from video surveillance. The pandemic pushes already strained health care resources to the limit BY STEPHANIE GOLDBERG “It’s admitting they need to di- versify away from radio. Even if MERCY HOSPITAL & MEDICAL CENTER’S PLAN to close in the Meanwhile, the pandemic has further strained “ANYONE WHO WAS it doesn’t go away, (radio equip- midst of a public health crisis is a stark sign that the precarious nances of safety nets like Mercy, ment is) not going to be a growth the health care industry is evolving—with or with- which treat large numbers of low-income patients RIGHT ON THE EDGE driver.” out hospitals. on Medicaid. And other hospitals are expected Motorola’s revenue dropped Mercy is among hospitals struggling to stay to hit a nancial breaking point sooner or later. GOING INTO THIS MAY 13 percent in the second quarter, a oat in the face of rising expenses, declining re-  ose that can a ord to will invest in new technol- primarily because of weak sales of imbursements and competition from expanding ogy and push services into less expensive outpa- FIND THEMSELVES radio equipment. Its stock is down local chains. If the hospital shutters as planned in tient settings.  ose that can’t will close, forcing PUSHED OVER THAT 22 percent from a pre-COVID peak the rst half of 2021, there will be roughly 300 few- some patients to seek care farther from home. of $184.51 on Feb. 19. er beds on Chicago’s South Side, where residents “Anyone who was right on the edge going into EDGE.” Motorola expects its video have long been disproportionately a ected by chronic conditions and, now, COVID-19. See MERCY HOSPITAL on Page 39 Ben Umansky, Advisory Board See MOTOROLA on Page 41 Goya boycott gives an opening to rival La Preferida The family-owned South Side company is getting a boost from the recent Trump controversy. But will it capitalize on the opportunity?

BY STEVEN R. STRAHLER reacted even more, jumping 35  e manager of a Carnice- percent amid the uproar, which rias Jimenez grocery in Melrose La Preferida, a stalwart His- included counter-boycott calls Park says the eight-store chain panic food company in Chica- by Trump supporters. stopped taking Goya shipments go’s Back of the Yards neigh- Chicago-based Numerator after Goya CEO Robert Unan- borhood, stood to be a likely tracked in-store and online ue’s endorsement of Trump bene ciary of the hyped boycott purchases for 11 days after the during a Rose Garden rollout of Goya Products, and appar- mid-July political reworks; of a Hispanic Prosperity Initia- ently it is: La Preferida sales rose it found that almost a third tive: “We’re all truly blessed at 4 percent after Goya’s CEO lav- of Goya’s sales were to rst- the same time to have a leader ished praise on President Don- time buyers who skewed old- like President Trump, who is ald Trump at the White House er, whiter, more rural and less a builder,” Unanue said. “We and many Hispanic consumers concerned with organics and pray for our leadership, our

revolted. environmental issues than loy- president, and we pray for our BLOOMBERG Still, according to data pro- al customers—suggesting they Ivanka Trump’s Twitter account posted a picture of her holding a can of Goya beans along with the vider Numerator, Goya’s sales were Trump-type voters. See LA PREFERIDA on Page 39 words “If it’s Goya, it has to be good” written in English and Spanish. 4 AUGUST 10, 2020 • CRAIN’S CHICAGO BUSINESS Pandemic puts divorce lawyers to work Attorneys say COVID is contributing to breaking up marriages that were already under stress

BY WENDELL HUTSON (nationwide) have spiked since March,” says AAML President Su- COVID-19 is creating work for lo- san Myres, a divorce lawyer in cal divorce lawyers. Houston. Courts were closed in “We have done as much as 34 certain states, like Illinois, so that consultations in one day,” says Jef- slowed actual lings, but “the de- fery Leving, founder of the Law Of- mand was there,” she says. ces of Jeery M. Leving in Chicago. e July survey concluded that e norm is seven to 10 interviews a an uptick in divorce lings would day, he says. continue at least through the end “In the last month or so I have re- of the year. tained clients at a rate I have never “COVID-19 factored into an al- done before,” says Masah SamForay, ready bad relationship is probably founder of the Foray Firm, a family toxic, so you’re going to see those law rm with oces in Joliet and couples going to court sooner rather Homewood. than later,” Myres says. “But likewise, “I think people are aware of their a good, strong relationship with own mortality now, and people good communication skills could don’t want to live one more day or survive a breakup. Over the past one more year in a relationship un- couple of months, I had four couples satisfying to them. People want to be decide they did not want a divorce.” happy,” she adds. As the pandemic continues, local Lawyers don’t blame the virus for attorneys predict more divorce l- divorces but say it’s contributing to ings this year. breaking up marriages that were al- “I am 100 percent condent di-

ready strained. vorces will pile up as the pandemic BOEH, R. JOHN “I don’t think there would be a goes on, which is also sparking more “I don’t think there would be a spike in divorces if it were not for the pandemic,” says Masah SamForay, founder of the Foray Firm. spike in divorces if it were not for the domestic violence cases, too,” Lev- pandemic,” SamForay says. ing says. side is another contributing factor to worker, of having COVID-19 to keep their states were addressing cas- In a July survey conducted by the Karen Pinkert-Lieb, a senior part- divorce lings spiking since March. him from living at home. es remotely to deal with a divorce Chicago-based American Academy ner at Schiller DuCanto & Fleck, e stay-home order was one of e husband “came home from backlog. of Matrimonial Lawyers, 69 percent which has oces in Chicago, Lake the worst things to happen for cou- work, and his wife would not let “Divorcing someone by Zoom is of the respondents said they were Forest and Wheaton, says addiction ples struggling to stay married, says him into the house and called the norm now that the pandemic seeing an increase in demand now issues are also up since people are Morgan Stogsdill, a partner with the police on him after claiming has hit us. I am not a fan, though, as compared to March and April staying in. Beermann, which has oces in Chi- he had the coronavirus, which he of using Zoom for court proceed- this year. Twenty-ve percent of the “Anytime you stay at home more, cago and Bannockburn. did not,” Leving says. “Couples are ings because it’s easy for a person AAML’s nearly 1,600 members par- you are going to look for things to do “ e spouse being home more is lashing out at each other because to be coached by someone else on ticipated in the survey. to occupy your time, and for some going to create more friction and is a lot of the socialization that nor- what to say and commit perjury,” at followed an April AAML sur- people that could be alcohol, drugs going to lead to more divorces for mally was available to them to re- Leving says. vey in which 68 percent of respon- or other addictions,” Pinkert-Lieb sure. So, if you had any cracks in lieve stress is gone.” Lawyers also can use Zoom to talk dents said business had decreased says. “If you don’t have an outlet like your relationship before COVID-19, e stay-home order, which has to clients. during the pandemic, versus 16 hanging out with friends and your it is way worse now,” Stogsdill says. since been lifted, also shut down “We are doing a lot of Zoom con- percent who said business had in- marriage has underlying problems, Leving says that in one divorce Cook County courts, forcing di- ferences these days with clients who creased. About 40 percent of mem- you could experience problems that case his rm handled, the wife, vorce proceedings to be adjudicat- are sitting in their cars because that’s bers responded in that survey. ultimately might lead to a divorce.” who’d lost her job and was denied ed remotely. the only place where they can have “I agree with what Chicago law- Myres says excessive alcohol and unemployment benets, falsely ac- In the July AAML survey, 94 per- privacy away from their spouse,” yers are saying in that divorces drug use due to people sheltering in- cused her husband, a health care cent of respondents said courts in Stogsdill says. Citibank will replace destroyed Gresham branch But it might not be in Gresham. One of just three banks in the neighborhood, the location was in a strip mall that was burned during looting in late May.

BY STEVE DANIELS Side’s most populated African sixth in November. American neighborhood before it Gresham’s population is about In late May, a Citibank branch was destroyed May 31. e other 56,000; Lincoln Park’s is about in a strip mall in Auburn Gresham two are branches of Fifth ird 63,000, according to City-Data.com. on the South Side burned during and JPMorgan Chase, according Of course, money has a lot to the looting that raged in the after- to data from the Federal Deposit do with the disparity in bank math of George Floyd’s killing in Insurance Corp. coverage. Gresham’s three bank Minneapolis. branches that were open a lit- Citi has informed federal regu- FEWER BANKS tle over a year ago collectively lators that the 79th Street branch Banks are sparse on Chicago’s housed $74 million in deposits; won’t reopen. But the bank is South Side relative to the North Citi’s branch accounted for just committed to replacing the loca- Side, which is more densely popu- $12 million of that. Lincoln Park’s tion in a low-income part of the lated and wealthier. To put Gresh- branches totaled nearly $2.6 bil- city or area, a spokesman says. am in context, the ZIP code en- lion in deposits, according to the

e bank just can’t promise to lo- compassing most of Lincoln Park FDIC. BLOOMBERG cate another branch in the neigh- was served by 26 branches of 13 For now, customers at Citi- For now, customers at Citibank’s Gresham branch have been transferred to the Beverly branch. borhood. banks as of June 30, 2019, accord- bank’s Gresham branch have e Gresham branch, which ing to the FDIC. Chase, the largest been transferred to the bank’s neighborhoods. “We don’t know tional Guard also wreaked hav- Citi opened in 2006, was one bank by deposits in the Chicago Beverly branch at 9449 S. Western exactly where we’re going to be,” oc in many neighborhoods well of just three banks in the South market, had ve, and it added a Ave. e Gresham branch was at he says, “but we do plan to estab- away from the central business 2000 W. 79th St. lish a new branch.” district. Most of the Loop’s busi- Citibank spokesman Drew e looting and damage that nesses are being rebuilt or are JOE CAHILL Benson says the location of the devastated the Loop in May and open. IS ON VACATION replacement branch will depend resulted in curfews and even the In places like Gresham, the res- on availability of space in various mobilization of the Illinois Na- toration may be longer in coming. 20cb0375.pdf RunDate 8/10/20 FULL PAGE Color: 4/C 6 AUGUST 10, 2020 • CRAIN’S CHICAGO BUSINESS THE TAKEAWAY LUXURY HOME OF THE WEEK John Murphy Advertising Section

HARBOR COUNTRY

LAKEFRONT ESTATE SERVICES ESTATE REAL MURPHY Murphy, 54, is chairman and CEO of Chicago-based Murphy Real Estate Services, which is leading the redevelopment of the old Cook County Hospital, a Beaux-Arts colossus on the city’s West Side that opened more than a century ago and closed in 2002. The project includes oce and retail space, as well as a recently opened 210-room Hyatt House hotel and Dr. Murphy’s Food Hall. Murphy lives in Hinsdale with his wife. They have ve children: Three are on their own and two are still in college. By Alby Gallun >

Who’s Dr. Murphy? My great uncle. He was a pioneering surgeon from the turn of the century and was Teddy Roosevelt’s personal doctor. He taught at the old Cook County Hospital. In fact, my father, as well as my uncle and my grandfather, all did their residencies at the old Cook County Hospital. WIKIPEDIA Experience relaxed, gated privacy on Lake Michigan, in New > Bu alo, just 90 minutes from Chicago. Enjoy the one-of-a- kind Tuscan Estate with family and friends in any season! What was the most Better a cat than a person, Infinity pool, spa tub, outdoor fire – magical sunsets await. surprising thing that I guess. How do you feel about Significant living and dining space, open kitchen, 5 bed- you discovered in that opening a hotel in the middle of room suites with private baths, elevator, home theater and building? a pandemic? hand-crafted wine cellar. Carriage house with private guest There are two operating I think our proximity to Rush and quarters. Oered at $5,700,000 theaters on the eighth oor, within the context of the Illinois and as we were pulling the > Medical District is somewhat place apart, we uncovered a fortuitous. Many of our guests are petried cat that was prob- patients, like the guy that needs ably in there for no less than a new hip. I wouldn’t want to be ROB GOW & CHRIS PFAUSER 30 or 40 years. opening a hotel cold, especially in ShorelineAdvice.com the major urban settings where you’ve got these large hotels 269.612.4104 | [email protected] that are so reliant on convention What was your business. worst deal? I bought a hydro- ponic tomato farm in Albia, Iowa, about 20 years ago. I got this million-dollar CRAIN’S WEBCAST hydroponic greenhouse for like $100,000 and I was going to sell tomatoes at $1.75 < a pound. By the time we brought them into market, TRANSPORTATION the wholesale price was EVENT SERIES down to 80 cents and my Thursday, August 27 | 1-2 p.m. cost to produce it was 97. >

Best deal you’ve Improving ever made? When I was 22, I bought a 388-acre Infrastructure farm in southwest Iowa. I paid How is the $48 billion state $95,000, put infrastructure development package $5,000 down, being spent? How can the region get and the seller was nancing the best bang for their buck? Hear the balance. from Omer Osman and Christian That night I met Mitchell as they discuss plans for the my neighbors, the Smith family. Well, six-year, multi-billion dollar project. the Smith family and the seller of the farm had been Register at ChicagoBusiness.com/TransportationSeries ghting for 25 years. And the Smiths so badly wanted to buy the farm that they $20 per person oered to purchase it from Includes access to webcast and archived recording me for $150,000.

Sponsored by CRAIN’S CHICAGO BUSINESS • AUGUST 10, 2020 7 Illinois has $300M to help renters, homeowners catch up on payments The money is a way to forestall massive waves of eviction and foreclosure

BY DENNIS RODKIN by preventing evictions and fore- Everyone was caught unawares.” closures, “stabilize landlords and For renters who qualify, $5,000 e state of Illinois is unveiling communities.” will be paid directly to their land- a $300 million fund to help peo- In July, the U.S. Census Bureau lord. Applications for the Emer- ple who have fallen behind on reported that about 28 percent of gency Rental Assistance program their rent or mortgage because of adults in Illinois were not con- open Aug. 10 at ERA.IHDA.org COVID-19. dent they could make their next and close Aug. 21. An application e money, part of the $3.5 bil- housing payment. requires the landlord to upload lion that Illinois received from the An Aspen Institute study found some information in support of federal Coronavirus Aid, Relief & that in Illinois, 20 percent of rental the renter’s claim. Economic Security Act, “will help households, or over 775,000 peo- make people whole who were ple, would be at risk of eviction in MORTGAGE HELP suddenly hit with income loss or the third quarter of 2020 if it were Homeowners who qualify can unemployment by the COVID-19 not for the statewide moratorium get up to $15,000 sent directly to crisis,” says Kristin Faust, executive on evictions. In July, Gov. J.B. Pritz- their mortgage servicer. Applica- ker extended the mora- tions for the Emergency Mortgage

torium through Aug. 22. Assistance program open Aug. 24 GETTY IMAGES IN JULY, THE U.S. CENSUS BUREAU When the moratorium at EMA.IHDA.org and close Sept. A demonstrator calls on the governor to suspend rent and mortgage payments during a protest expires, housing policy 4. Applicants must owe $425,000 April 30 in Chicago. REPORTED THAT ABOUT 28 PERCENT experts say, not only Il- or less on their mortgage, and the OF ADULTS IN ILLINOIS WERE NOT linois but much of the property must be their primary ident of the not-for-prot Com- he says. nation could face a tidal residence. munity Partners for Aordable Faust says her research indicates CONFIDENT THEY COULD MAKE THEIR wave of evictions. Both programs have household Housing, based in Libertyville. An- that the state’s $300 million is the Foreclosure of home- income limitations, spelled out on thony’s group, which serves Lake largest amount any state has used NEXT HOUSING PAYMENT. owners is a longer pro- their separate websites. ey also County and northern Cook Coun- from its CARES Act funding to sup- cess, particularly in Il- require applicants to provide ev- ty, is among those that IHDA has port housing payments. e reason, director of the Illinois Housing De- linois and other states where it’s a idence that they were up to date trained on the program and will she says, is that “we have a governor velopment Authority, which is ad- judicial action. on their housing payments prior to help applicants. who cares deeply about keeping ev- ministering the program. In either case, an IHDA grant the crisis and only fell behind since In the months since the pan- erybody housed during this crisis.” e grants should “help stabi- “can prevent this from happening then. demic began in March, Anthony She expects to disburse funds, $150 lize people in their homes, which to you while we’re in the midst of a e IHDA assistance “will buy us says, his organization has been million each for the renter program is where we need to be during pandemic,” Faust says. “ ere is no time so we don’t go over a cli” of receiving “ve times as many calls and the homeowner program, until this pandemic,” Faust says, and shame in taking this kind of help. evictions, says Rob Anthony, pres- for help (as) we did before March,” the pot is depleted.

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©2020 TCF National Bank. Member FDIC. Equal Opportunity Lender. 8 AUGUST 10, 2020 • CRAIN’S CHICAGO BUSINESS GCM Grosvenor to become a public company The asset manager is merging with a special-purpose acquisition company sponsored by Cantor Fitzgerald. Michael Sacks and his team will continue to lead the business.

BY LYNNE MAREK mitment to serving its clients pany. Cantor Fitzgerald created across the broad spectrum of the CF Finance Acquisition to do GCM Grosvenor, the Chicago alternative asset management deals, and in this case to invest asset management firm led by arena,” the statement says. in GCM. The additional institu- Michael Sacks, says it plans to With $57 billion under man- tional investors are participat- become a publicly traded com- agement, GCM is one of the ing in the transaction by way of pany and sell an ownership stake biggest such firms in the world, a $195 million private placement to an affiliate of financial firm managing hedge fund, pri- investment through that affiliate Cantor Fitzgerald in the process. vate-equity and other assets on at $10 a share. The transaction values GCM behalf of institutional investors Hellman & Friedman and oth- at $2 billion and will leave Sacks and wealthy individuals. er “selling shareholders” will re- and his management team with ceive a total of $150 million in more than 70 percent ownership THE BEHEMOTH THAT SACKS BUILT the transaction. The statement of the company, according to Sacks built GCM Grosvenor, doesn’t reveal who the selling a statement. Longtime minori- formerly known as Grosvenor shareholders are. The company ty owner Hellman & Friedman Capital Management, into the also says that proceeds will be will sell its minority stake in the international behemoth that it is used to pay off an unspecified transaction. today over 25 years after arriving amount of GCM debt and for “fu- Aside from the significant in 1994 when the late Dick El- ture growth.” change in ownership, opera- den, the firm’s founder, was still In a letter to clients Aug. 3, tion of the company will remain in charge. The company nearly GCM said it expected the trans- much the same, with Sacks, 58, doubled its size in 2013 when action to close this year and as- continuing to lead the company it purchased a New York-based sured its customers that business as CEO and retaining his post private-equity and real estate in- will continue as usual. While as chairman of a five-member vestment unit from big European Cantor Fitzgerald is also in the bank Credit Suisse. financial services industry, its As he expanded operations are built around its THE TRANSACTION VALUES GCM AT the firm, Sacks also legacy as a broker, providing became an increas- capital market and trading ser- $2 BILLION AND WILL LEAVE SACKS ingly prominent vices in equities, fixed-income AND HIS MANAGEMENT TEAM WITH figure on Chicago’s and currencies, among others. civic scene, serving It also offers investment banking MORE THAN 70 PERCENT OWNERSHIP. on a host of non- services.

profit boards and “There will be no change in SERIO J. STEPHEN board that will also include GCM as a confidant to former Mayor our team, investment or opera- Michael Sacks Grosvenor President Jonathan Rahm Emanuel, who tapped him tions committees, or how we do Levin. New York-based Cantor to lead the city’s economic de- business,” GCM said in the let- than under Hellman & Fried- sheet” and “access to capital” Fitzgerald, which will buy the velopment arm, World Business ter. It specifically noted, howev- man. That San Francisco-based could open up “additional op- stake along with other institu- Chicago, as its unpaid vice chair- er, that it will have “more tools,” private-equity firm, which in- portunities,” though it didn’t de- tional investors, also plans to man. He also purchased a stake presumably through its publicly vested in the company in 2007, tail any such plans. make an additional $30 million in the Chicago Sun-Times nearly traded stock, “to attract and re- has held its approximately 30 Through a spokesman, GCM investment in GCM. a decade ago and remains a sig- tain top-tier talent.” percent stake for longer than the also declined to name the other “GCM Grosvenor will gain nificant owner of the paper. Although GCM declined to typical three- to seven-year peri- institutional investors gaining added liquidity and financial The somewhat complicated say exactly what ownership level od that most private-equity firms ownership through the transac- flexibility, enabling it to increase transaction makes use of a finan- over 70 percent the management have ownership. tion. He didn’t immediately have its investment in the business cial industry entity called a spe- team would continue to control, GCM also noted in the letter a comment on what amount of and further strengthen its com- cial-purpose acquisition com- it noted that it’s “slightly” more that its new “enhanced balance debt GCM is paying off. Kraft Mac & Cheese declares itself acceptable breakfast food The product has been a strong seller as people stock up on easy meals to make at home strong seller during the pandemic, BY JESSICA WOHL as people stock up on easy meals Kraft Mac & Cheese is declaring to make at home. itself a breakfast food in a move A 30-second spot lays out the that might appeal to parents of premise, beginning with a calm picky eaters or, for that matter, to morning complete with a melody anyone who has abandoned tradi- from Rossini’s “William Tell Over- tional mealtime planning during ture.” en all hell breaks loose as the coronavirus pandemic. the kids enter the scene. “It’s the Last week, Kraft was updating same mac they love, but 100 per- its iconic blue box to read “break- cent more breakfastier,” the voice- over says, adding “be- cause you 100 percent A 30 SECOND SPOT LAYS OUT THE need a break.” PREMISE, BEGINNING WITH A CALM rough Aug. 7,

Kraft was giving away KRAFT MORNING. THEN ALL HELL BREAKS a limited-edition Kraft is updating its iconic blue box to read “breakfast” rather than “dinner.” Kraft Mac & Cheese LOOSE AS THE KIDS ENTER THE SCENE. “Breakfast Box,” which next year, according to the brand. itself has been highlighting the ing to the brand. includes a box of e campaign comes from product for lunchtime. Kraft also announced it would fast” rather than “dinner,” o cial- the specially packaged mac and VaynerMedia, which has been Still, in case there was a need to donate 10 boxes to hunger-relief ly declaring that the cheesy pasta cheese, a place mat for kids to col- Kraft Mac & Cheese’s lead social prove the concept, a recent survey organization Feed the Children for meal is an appropriate breakfast or, a magnet with breakfast topping agency since March 2019. of 1,000 parents found 56 percent every use of #KMCforBreakfast on choice. It marks the rst time suggestions such as crumbled sau- While the breakfast play is new, have served mac and cheese to Twitter, up to 1 million boxes. “dinner” has been replaced with sage, bacon or scrambled eggs, and parents know that restaurants their kids for breakfast more often “breakfast” on the box. e push a mug for serving. Select grocery such as IHOP serve the meal at all during COVID-19 times than they Jessica Wohl writes for Crain’s comes as the product has been a stores will get the “breakfast” boxes hours of the day. And the brand did before the pandemic, accord- sister publication Ad Age. CRAIN’S CHICAGO BUSINESS • AUGUST 10, 2020 9 SPONSORED CONTENT Startup aims to fix  weed’s cash problem WEALTH FINANCIAL PLANNING: A boutique bank for traders makes another bet on the cannabis industry INCORPORATING CHARITABLE GIVING

BY JOHN PLETZ What’s the most tax-e cient and administratively easy way to incorporate A Chicago ntech entrepreneur a meaningful inheritance to your children with your desire to support and a LaSalle Street bank are tack- charities that you care about? ling one of the biggest headaches in the weed business: Most trans- It’s imperative that your nancial advisor have a comprehensive knowledge actions are done in cash. of your family’s current nancial picture, as well as an in-depth under- SpenceLabs built a mobile-pay- standing of your values and goals. Your advisor can help your family build a ments app that allows people to comprehensive plan for both your lifetime and for your estate, ensuring that purchase marijuana products with the plans remain interconnected through their phones. PharmaCann, a large dierent life scenarios. It’s also important Chicago-based marijuana grower to coordinate with your CPA, attorney and and seller, has been piloting the other advisors to ensure that all parties are app in recent weeks at its Verilife working toward the same plan in an optimal store in North Aurora. BLOOMBERG and coordinated manner. Because cannabis remains an illegal drug under federal law, 1989 catering to traders and began maker of software for process- Even more critically, advisors must work most traditional banks and cred- serving some cannabis companies ing small-business loans that was directly with families, whether they be it card processors are unwilling three years ago. acquired two years ago by bank- together at home or connected virtually, to provide services to marijuana SpenceLabs charges the can- ing-services company Velocity companies. As a result, most deal nabis companies a fee for each Solutions. SpenceLabs has a dozen to deeply explore their family legacy goals, only in cash, adding security and transaction it processes. Rentner employees. So far, it hasn’t raised oen involving multiple generations. administrative complications to declines to disclose the amount of outside funding. It’s important to share your nancial the business. Safety concerns re- the fee but says it’s lower than what ere are a handful of compa- Sara Winter picture—both in its current dimensions lated to cash are among the most is charged by traditional credit nies serving the cannabis space Associate Branch Manager and the struggles it took for you to achieve common concerns voiced at com- card networks. with payment apps, such as Hy- Baird them—with your beneciaries. munity meetings about allowing e cannabis-payments space pur, which is based in Scottsdale, [email protected] dispensaries. is a bit like the Wild West. “Every Ariz. Cresco began rolling out a 312-609-4960 According to a study published by the “What other legal industry do cannabis retailer is looking to take cashless-payment option across 18 Williams Group wealth consultancy, 70 you know that is over $10 bil- credit cards. But while Congress stores in nine states. Up to 40 per- Sara Winter provides private percent of all family wealth was gone by lion in sales a year but most- debates the SAFE Act, which would cent of transactions are cashless in wealth management strategic the second generation, and 90 percent of it ly operates in cash?” says Chris allow banking and credit cards, some stores, says Erkes, who de- direction at the Chicago office was gone by the third. A lack of commu- Rentner, co-founder and CEO of there are a lot of companies de- clines to name the vendor it uses. of Baird, a multinational nication between generations was cited as SpenceLabs. veloping alternative solutions and “ere are some other provid- independent investment bank one of the key reasons that wealth tends to Rather than being processed competing for cashless transaction ers. It’s early,” says Michael Busch, and financial services company. disappear over the decades. as credit or debit card payments, solutions in this booming industry,” CEO of Burling Bank and Burling Spence transactions are handled says Jason Erkes, a spokesman for Ventures. “What’s been missing is e way to avoid this is to make sure that heirs know where their wealth as electronic payments from the Cresco Labs, a large Chicago-based involvement of a bank as the cen- came from and what their responsibilities will be. Many older people user’s bank account, akin to on- marijuana company. ter of trust in that ecosystem. We’re worry that informing younger generations about the size of their estates line bill payments or other trans- Burling Ventures, an aliate of used to being regulated and have a will make them lazy or untrustworthy. On the contrary, we’ve found that actions. Spence transactions are Burling’s holding company, in- successful compliance program. condence and knowledge makes heirs better stewards of family lega- processed by Burling Bank, a bou- cubated the startup, beginning We think it will provide con dence tique bank in the Chicago Board of last fall. It recruited Rentner, who to additional banks coming into cies. If they know how they’re expected to use their inheritance, they’re Trade Building that got its start in founded Chicago-based Akouba, a the space.” much more likely to live up to those standards. Based on those multigenerational discussions, your advisor can help you evaluate various options in executing your philanthropic goals—in- cluding donor-advised funds, charitable trusts and private foundations. Inside Livongo’s $18.5 billion deal ese meetings can help educate . . con dence and knowledge Founder Glen Tullman says the Teladoc merger came together in the last three future generations weeks. COVID-19 ‘massively accelerated adoption’ of telemedicine, says Teladoc’s CEO. on both broad makes heirs better stewards of nancial topics family legacies.” BY JOHN PLETZ sively accelerated adoption” of he launched with longtime busi- and family legacy telemedicine as patients worried ness partner Lee Shapiro, will get values. e $18.5 billion merger of about making in-person visits to $63 million in cash and $720 mil- Livongo and Teladoc Health, one doctors and hospitals, says Gor- lion in stock. For those individuals who are fortunate to still have their parents, it’s of Chicago’s biggest deals in recent evic, who will lead the combined Livongo is headquartered in essential that they understand the potential impact an inheritance may history, came together quickly. company. Mountain View, Calif., but about have on their own plans. is is also a good time to ensure that parents’ “e whole process came about Livongo’s shares soared near- one-third of its workforce is in Chi- estate documents, such as wills, revocable trusts and powers of attorney, in the last three weeks,” says Glen ly vefold since early April, when cago, where Tullman lives. Most of are up to date and will best meet their family’s needs. Tullman, founder and chairman of COVID-19 took hold in the U.S., the local workers are in operations Livongo, who says he has known to $144 apiece before slipping 11 and sales. Tullman says the com- While it’s essential to have your estate documents in order, recent tax Teladoc CEO Jason Gorevic for percent Aug. 5. Its revenue grew pany will continue to hire aggres- law changes impacting IRA and other retirement plan distributions have several years. 125 percent to $91 million in the sively here and elsewhere. Teladoc, based in Purchase, second quarter from a year earlier. At $18.5 billion, it’s one of the created new planning needs and oer the opportunity for increased tax N.Y., and founded in 2002, is the Teladoc’s revenue grew 85 percent largest deals for a Chicago compa- eciency, especially in regard to charitable gis. Since these assets pass largest provider of telemedicine, to $241 million. Both are losing ny in recent memory. Grubhub, an by way of beneciary designation (rather than in accordance with your providing physician consultations money, although Livongo is close online food-ordering and delivery will), it’s critical to review all beneciary designations regularly and via phone, internet and mobile. to breaking even. service, is being acquired by Just ensure that they’re part of a coordinated plan. Livongo uses wireless technology Livongo shareholders will get 42 Eat Takeaway.com, based in Am- to help patients monitor chronic percent of the combined compa- sterdam, for $7.3 billion. AveXis, While 2020 has proved its hardships, it will also be remembered as a conditions, such as diabetes and ny’s stock. ey’ll also get $11.33 a gene-therapy company based in time of family connectivity. Consider this as a unique opportunity to hypertension. per share in cash. Bannockburn, was bought by No- optimize planning strategies and meet your family’s goals—now and into “What they were looking for if Tullman, who will remain on vartis for $8.7 billion in 2018. the future. they were going to start to manage the board of the combined com- e deal caps a remarkable year people’s entire health, you can’t pany, will get almost $49 million for Livongo, which went public do that without being able to han- in cash for shares he owns, plus July 24, 2019, at $28 per share. e dle chronic conditions,” Tullman $557 million in stock, based on company did a secondary stock says. disclosures from securities lings. oering in December and was e COVID-19 pandemic “mas- 7-Wire Ventures, the venture fund sold by August. 10 AUGUST 10, 2020 • CRAIN’S CHICAGO BUSINESS LETTER TO THE EDITOR Don’t sideline these workers Facing religious persecution, Dr. Raj and his wife left his native India to start a new life in Chicago. Following an 18-year career as a phy- sician in his home country, he is fully autho- EDITORIAL rized to work in the U.S. And now, as part of a team studying the e ects of COVID-19 at a local hospital, Dr. Raj (his full name has been omitted to protect his family’s security) is play- ing an important role in the regional response Can Lightfoot and Brown stem the homicide tide? to the global pandemic. Yet Dr. Raj’s ability to continue this work is hicago is on pace to experience homicides and an additional 400 shot and now at risk. more homicides this year than Mayor Lori Lightfoot and wounded with #500 hitting somewhere Just as authorities predict another corona- the city has weathered in de- Chicago Police Superinten- mid-month.” virus surge in the Midwest, an ongoing fund- cades. As with any problem this dent David Brown at’s a sobering prediction, especially ing showdown at U.S. Customs & Immigra- Cwide-ranging and deep-seated, the causes for the people who live in the worst homi- tion Services threatens to shutter the agency. of the carnage are complex. Crain’s report- cide hot spots of the city: Austin, Gareld Meanwhile, Dr. Raj—and tens of thousands er A.D. Quig notes in this week’s issue that Park and Englewood. like him—depends on the agency to renew his a particularly toxic blend of factors is driv- It’s a thorny problem that calls for stra- work permit, which expires this month. ing 2020’s surge of gun violence: gang frag- tegic solutions. Unfortunately, Chicagoans mentation that’s setting small subsets of are already losing faith that Mayor Lori the city’s dominant gangs against one an- Lightfoot and her new police superinten- other; a sudden drop-o in already-scarce dent, David Brown, really have one. Brown, jobs as COVID devastates the local econo- who has pushed through wide-ranging my; and the further souring of police-com- President KC Crain munity relations in the wake of George Group publisher Mary Kramer Floyd’s killing. IT’S TOO EARLY TO TELL AND, Publisher/executive editor Jim Kirk e result is a rise in shootings from Associate publisher Kate Van Etten Auburn Gresham to the Gold Coast, West UNFORTUNATELY, TOO LATE FOR * * * Pullman to Rogers Park, Humboldt Park to THE 450PLUS PEOPLE WHO Editor Ann Dwyer the Loop. And, as Crain’s reporting points Creative director Thomas J. Linden out, the rules of engagement on the streets HAVE BEEN KILLED THIS YEAR. Assistant managing editor Jan Parr have changed. Bystanders and children, Assistant managing editor/digital Ann R. Weiler normally considered more or less o -lim- Deputy digital editor Todd J. Behme its when gang members square o , are leadership changes in the department Digital design editor Jason McGregor Senior art director Karen Freese Zane now more routinely being caught in the since his April arrival, is reported to be Copy chief Danielle Narcissé crossre as Chicagoans settle disputes— crafting a community safety team that will Deputy digital editor/ Sarah Zimmerman whether gang-related or personal—at the consist of specially trained ocers who audience and social media point of a gun. understand the workings of gangs and are Columnist/contributing editor Joe Cahill

e pandemic and the broken relation- IMAGES AP capable of doing “saturation patrols.” Political columnist Greg Hinz ship between police and the communities Will those interventions and others be Senior reporters Steve Daniels they are sworn to serve and protect have terson, who helped launch the Institute for crime-tracking website, HeyJackass.com, enough to stem the bleeding that’s aict- Alby Gallun combined to make a bad situation worse Nonviolence Chicago in Austin, tells Crain’s. put it at the end of July. “Looking ahead, ed too many neighborhoods across the Lynne Marek on the ground in violence-plagued and job- And there’s no relief in sight. “We were with now three disastrous and record-set- length and breadth of the city? It’s too ear- John Pletz starved neighborhoods like North Lawn- looking for a slight slowdown from June’s ting months in the books, August will most ly to tell—and, unfortunately, too late for Reporters Danny Ecker dale, South Shore and Chicago Lawn. “Peo- pacing with 80 homicides and 400 shot likely continue the trend, but we have the 450-plus people who have been lost Stephanie Goldberg ple felt despair and lack of hope prior, and and wounded, but clearly we were way to get a slowdown, even if temporary, at to Chicago’s relentless homicide outbreak Wendell Hutson they almost feel nothing now,” Chris Pat- o ,” as the pundits at Chicago’s favorite some point. We’re forecasting another 90 this year. A.D. Quig Dennis Rodkin Steven R. Strahler Copy editor Scott Williams YOUR VIEW Contributing photographer John R. Boehm Researcher Kasey Hariman * * * Commit to employees and leaders with disabilities Director of digital strategy Frank Sennett Director of custom media Sarah Chow hirty years ago, on July 26, President nies must disclose gender and ethnicity underrepresented in professional and civic Associate director, Jaimee Holway events and marketing George H.W. Bush signed the Amer- data and outline how board selections are leadership roles. To be successful, you must icans with Disabilities Act, changing made, that push for diversity doesn’t in- build disability inclusion into your board * * * T Production manager David Adair the lives of millions of people with disabil- clude disability . . . and it should. People structure and senior leadership tables. Account executives Aileen Elliott ities, including the authors of this op-ed. with disabilities make up a talented and  Make sure the technology you use is ac- is landmark civil rights legislation largely untapped workforce. cessible. If the products and tools you sell Claudia Hippel made it unlawful to discriminate against As leaders with disabilities, this to us is and use to conduct business are not acces- Christine Rozmanich people with disabilities, and as a result we obvious. Yet, we understand it may not be sible, you’re missing out on a large pool of Bridget Sevcik have more access to schools, jobs, public as clear to others. customers and workers. As COVID-19 has Laura Warren transportation, restaurants, cultural insti- at’s why we call on you to not just cel- shown us, accessible technology also bet- Courtney Rush tutions and other spaces open to the gen- Emily Blum is execu- Karen Tamley is CEO ebrate and commit to the letter of the law, ter prepares you for the remote, exible Amy Skarnulis eral public. tive director of ADA of Access Living in but truly believe that the experiences and work environments of the future—envi- People on the Move manager Debora Stein At its heart, the ADA reinforces that peo- 25 Advancing Lead- Chicago. ideas of people with disabilities, particu- ronments that are likely to be more acces- Sales assistant Lauren Jackson ple with disabilities have civil, political, ership in Chicago. larly those of color, are vital to your agen- sible overall and that the entire workforce Project manager Joanna Metzger and human rights. But there is so much das, priorities, lines of work, and bottom can benet from. Event planner Katie Robinson more to do to see the promise of the ADA abled workers had jobs in 2019, compared lines. Here’s how to start: True progress hinges on the willing and Event manager Tenille Johnson Digital designer Christine Balch fully realized. to 66 percent of workers without disabili-  Include disability as part of your diver- active participation of decision-makers in While the law has innitely beneted ties, and we anticipate the gap growing as a sity goals. If disability is not on your agen- the corporate, government, nonprot and Crain Communications Inc. lives, we deserve and demand more: to result of COVID-19. da, neither is diversity. One in four peo- philanthropic sectors. In a time of civil un- Keith E. Crain Mary Kay Crain be hired and advance at the same rates of e professional community in Chicago ple in the United States have a disability, rest and political turmoil, the ADA calls for Chairman Vice chairman KC Crain Chris Crain those who aren’t disabled; to be fairly and can and must do better, and that starts with making disabled people part of one of the unity and has the potential to once again President Senior executive vice president equitably compensated; and for people including disability as part of your diversity largest and most diverse minority groups open our imagination of what’s possible Lexie Crain Armstrong Robert Recchia of color with disabilities to have the same initiative. in the country. Your current and future when we strive to create an inclusive and Secretary Chief nancial ocer kind of opportunities and access as their In July, a Crain’s article illuminated the employees have disabilities. Prepare ev- equitable society. e next 30 years will be Veebha Mehta Chief marketing ocer white counterparts. ways in which the public sector outper- eryone, from your recruiters to your front- on us to ensure that our history—rooted in * * * G.D. Crain Jr. Mrs. G.D. Crain Jr. e ADA banned discrimination in the forms the corporate sector on diversity. line sta . both the progress and failures of the past— Founder Chairman workplace, but according to the U.S. De- While it’s mandated by the state of Illinois  Include people with disabilities in your continues to push true equity for people (1885-1973) (1911-1996) partment of Labor, only 19 percent of dis- that by January 2021 all public compa- leadership. People with disabilities are vastly with disabilities forward. For subscription information and delivery concerns please email [email protected] or call 877-812-1590 (in the U.S. and Canada) or 313-446-0450 (all other locations). Write us: Crain’s welcomes responses from readers. Letters should be as brief as possible and may be edited. Send letters Sound o : Send a column for the Opinion page to editor@ to Crain’s Chicago Business, 150 N. Michigan Ave., Chicago, IL 60601, or email us at [email protected]. Please chicagobusiness.com. Please include a phone number for veri cation include your full name, the city from which you’re writing and a phone number for fact-checking purposes. purposes, and limit submissions to 425 words or fewer.

ACROSS THE REGION, WE MUST REDEFINE HOW WE SUPPORT OUR COMMUNITIES AND HOW WE DELIVER CARE. CRAIN’S CHICAGO BUSINESS • AUGUST 10, 2020 11 LETTER TO THE EDITOR

Don’t sideline these workers A combination of COVID-19 and increas- tating for employers in health care, technolo- fessionals oer multilingual abilities, cultural Facing religious persecution, Dr. Raj and his ingly restrictive federal policies have slowed gy and logistics, sectors that benet from im- competence, and diverse perspectives to their wife left his native India to start a new life in migration and diminished revenues for USCIS, migrants’ vital work as we struggle to control employers, traits that beget resilience, innova- Chicago. Following an 18-year career as a phy- which oversees all lawful immigration to the the virus and pivot to recovery. And it would tion, and problem-solving. What’s more, many sician in his home country, he is fully autho- country. Normally, the agency’s fee-for-service hit the Midwest hard: After decades of popu- immigrant workers, particularly health care EDITORIAL rized to work in the U.S. And now, as part of model sustains operations as it processes hun- lation loss, the region is especially dependent workers, are veterans of infectious disease out- a team studying the eects of COVID-19 at a dreds of thousands of visas, work permits, citi- on working-age immigrants, according to the breaks in their home countries—Ebola, SARS, local hospital, Dr. Raj (his full name has been zenship petitions and other applications daily. Chicago Council on Global Aairs. Swine Flu—and oer valuable experience to omitted to protect his family’s security) is play- But even as new visas slow, we still need USCIS Immigrants are 16 percent of our health the U.S. COVID-19 response. ing an important role in the regional response to support immigrants already living here and care workers, including 29 percent of doctors Midwestern business leaders concerned Can Lightfoot and Brown stem the homicide tide? to the global pandemic. doing crucial work: Each month, USCIS pro- caring for COVID-19 patients and 25 percent about the loss of this vital talent pool must call Yet Dr. Raj’s ability to continue this work is cesses 188,000 employment authorizations, of the biomedical industry currently hustling on their elected ocials to act. And Congress homicides and an additional 400 shot and now at risk. according to the Migration Policy Institute. for a vaccine. ey are a quarter of IT workers, must commit to keeping USCIS open and fo- wounded with #500 hitting somewhere Just as authorities predict another corona- Furloughs of 13,400 sta—70 percent of essential in ensuring companies can operate cused on its core work of supporting lawful mid-month.” virus surge in the Midwest, an ongoing fund- the USCIS workforce—are now set for Aug. during stay-at-home orders, and at least 20 immigration. at’s a sobering prediction, especially ing showdown at U.S. Customs & Immigra- 30. Layos loom even as the agency just an- percent of workers in STEM elds, driving sup- for the people who live in the worst homi- tion Services threatens to shutter the agency. nounced steep fee increases for a variety of ply chain logistics, innovation, and continued JINA KRAUSEVILMAR, CEO cide hot spots of the city: Austin, Gareld Meanwhile, Dr. Raj—and tens of thousands services, including a 34 percent hike on work job creation. SARA MCELMURRY, Park and Englewood. like him—depends on the agency to renew his permit applications. In addition to valid degrees from their home director of communications, It’s a thorny problem that calls for stra- work permit, which expires this month. An agency shutdown would also be devas- countries and years of experience, these pro- policy and research, Upwardly Global tegic solutions. Unfortunately, Chicagoans are already losing faith that Mayor Lori Lightfoot and her new police superinten- dent, David Brown, really have one. Brown, who has pushed through wide-ranging President KC Crain Group publisher Mary Kramer Publisher/executive editor Jim Kirk Associate publisher Kate Van Etten * * * Editor Ann Dwyer Creative director Thomas J. Linden ... Assistant managing editor Jan Parr Assistant managing editor/digital Ann R. Weiler Deputy digital editor Todd J. Behme leadership changes in the department Digital design editor Jason McGregor Senior art director Karen Freese Zane since his April arrival, is reported to be Copy chief Danielle Narcissé crafting a community safety team that will Deputy digital editor/ Sarah Zimmerman consist of specially trained ocers who audience and social media understand the workings of gangs and are Columnist/contributing editor Joe Cahill capable of doing “saturation patrols.” Political columnist Greg Hinz Will those interventions and others be Senior reporters Steve Daniels enough to stem the bleeding that’s aict- Alby Gallun ed too many neighborhoods across the Lynne Marek length and breadth of the city? It’s too ear- John Pletz ly to tell—and, unfortunately, too late for Reporters Danny Ecker the 450-plus people who have been lost Stephanie Goldberg to Chicago’s relentless homicide outbreak Wendell Hutson this year. A.D. Quig Dennis Rodkin Steven R. Strahler Copy editor Scott Williams YOUR VIEW Contributing photographer John R. Boehm Researcher Kasey Hariman * * * Commit to employees and leaders with disabilities Director of digital strategy Frank Sennett Director of custom media Sarah Chow underrepresented in professional and civic Associate director, Jaimee Holway events and marketing leadership roles. To be successful, you must build disability inclusion into your board * * * structure and senior leadership tables. Production manager David Adair Account executives Aileen Elliott  Make sure the technology you use is ac- cessible. If the products and tools you sell Claudia Hippel and use to conduct business are not acces- Christine Rozmanich sible, you’re missing out on a large pool of Bridget Sevcik customers and workers. As COVID-19 has Laura Warren shown us, accessible technology also bet- Courtney Rush ter prepares you for the remote, exible Amy Skarnulis work environments of the future—envi- People on the Move manager Debora Stein ronments that are likely to be more acces- Sales assistant Lauren Jackson sible overall and that the entire workforce Project manager Joanna Metzger can benet from. Event planner Katie Robinson True progress hinges on the willing and Event manager Tenille Johnson active participation of decision-makers in Digital designer Christine Balch the corporate, government, nonprot and Crain Communications Inc. philanthropic sectors. In a time of civil un- Keith E. Crain Mary Kay Crain rest and political turmoil, the ADA calls for Chairman Vice chairman KC Crain Chris Crain unity and has the potential to once again President Senior executive vice president open our imagination of what’s possible Lexie Crain Armstrong Robert Recchia when we strive to create an inclusive and Secretary Chief nancial ocer Centene Campus equitable society. e next 30 years will be Veebha Mehta Chief marketing ocer Clayton, Missouri on us to ensure that our history—rooted in * * * G.D. Crain Jr. Mrs. G.D. Crain Jr. both the progress and failures of the past— Founder Chairman continues to push true equity for people (1885-1973) (1911-1996) We see our work through the eyes of the people who will use them every day. Through their with disabilities forward. For subscription information and delivery concerns eyes, we see places of innovation, industry, technology, healing, research and entertainment. please email [email protected] or call 877-812-1590 (in the U.S. and Canada) The result? Powerful structures with impacts that reach far beyond these walls. or 313-446-0450 (all other locations). Sound o : Send a column for the Opinion page to editor@ claycorp.com chicagobusiness.com. Please include a phone number for veri cation purposes, and limit submissions to 425 words or fewer. 12 AUGUST 10, 2020 • CRAIN’S CHICAGO BUSINESS A new downtown office building—now? Pandemic or no, that’s the plan as a New York rm scopes out a West Loop site for a 15-story structure

BY DANNY ECKER mote-work experiment will im- pact the downtown office market The COVID-19 crisis has raised in the long run, the pandem- questions about future demand ic-induced recession and a surge for downtown office space, but of offices available for sublease that’s not holding back one New are giving landlords headaches. York investor from wanting to Downtown office vacancy during build more of it in the West Loop. the second quarter rose to its Real estate rm Vista Property highest level since 2011, accord- Group aims to develop a 15-story ing to CBRE. oce building on a surface park- ing lot at 609 W. Randolph St., ac- A DIFFERENT STORY cording to a newsletter from 42nd It was a far dierent story just six Ward Ald. Brendan Reilly. e months ago. Companies moved plan for a “contemporary loft” into more oce space down- building would incorporate a his- town last year than any year since toric four-story loft building that a 2007, according to CBRE, and the venture aliated with Vista owns leasing momentum was strong to next door at 601 W. Randolph St. start 2020. at made developers It’s a bold proposal amid a and landlords feel good that the seismic shift in the downtown 6.5 million square feet of oces office market, which along with now under construction down- the rest of the economy has town—including skyscrapers at been upended by the coronavi- Union Station and Wolf Point— wouldn’t over-

whelm the mar- GROUP PROPERTY VISTA THE DEVELOPER IS BETTING THAT ket with supply. The plan for a “contemporary loft” building would incorporate a historic four-story loft building next door to the site on Randolph Street. DEMAND WILL REMAIN STRONG, AT LEAST Vista is betting that demand will The Vista affiliate bought the Vista Principal Hymie Mishan Commission and the City Coun- FOR BOUTIQUE OFFICE SPACE NEAR MAJOR remain strong, late-19th-century-built loft office declines to comment about plans cil before it could develop the at least for bou- building at the southwest corner for the Randolph Street building. project. PUBLIC TRANSPORTATION HUBS. tique oce space of Randolph and Jefferson streets Reilly says in the newsletter If it does, Vista would also near major pub- in 2018 for $6.4 million, accord- that Vista tweaked the design of pay more than $1 million for rus pandemic. Many companies lic transportation hubs. Its new ing to Cook County property re- the proposed building at his di- the rights to build a more dense forced by a statewide stay-home building would be just more than cords. Vista also raised its bet on rection, including reducing the building than the site’s zoning order to have employees work a block west of Ogilvie Transpor- vintage Chicago office buildings height by almost 30 feet from allows. That money would be remotely have been reassessing tation Center, surrounded by sev- in December, when it paid $17 the original plan and setting the allocated to the city’s Neighbor- their workspace needs for a post- eral loft oce buildings that have million for a 48,000-square-foot building back from the existing hood Opportunity Fund, Adopt- COVID-19 world. While it’s too been popular among tech com- brick office building at 435 N. La- loft property. Vista would need a-Landmark Fund and Local Im- soon to say how the forced re- panies in particular. Salle Drive. approval from the Chicago Plan pact Fund. Trophy apartment high-rise 5700 S CALUMET AVE in West Loop hits the market It could fetch $250M, which would be the most paid for such a property this year But rents and occupancies at in an email. 2666-68 E 78TH ST BY ALBY GALLUN downtown apartment buildings Ares and F&F have already e developers of a 45-story lux- have fallen this year, and the outlook cashed out once, when they re - ury apartment tower in the West for the market is murky, two factors nanced the project in June 2019. Loop have put building up for sale, that could combine to depress val- ey took out a $186 million mort- BANKRUPTCY SALE testing the strength of the down- ues even of high-end properties. gage from New York-based KKR 6901-07 S PRAIRIE AVE town multifamily investment mar- At $250 million, or $508,000 per Real Estate Finance Trust, using BID DEADLINE SEPT. 30 ket in the middle of a pandemic. unit, a sale of 727 W. Madison would the money to pay o a $118 mil- SIX BUILDING POOLS: A joint venture between Los rank among the most expensive lo- lion construction loan, according 45 MULTIFAMILY (A) Bronzeville/ Angeles-based Ares Management cal apartment deals on a per-unit to KKR securities lings and Cook Grand Boulevard and F&F Realty of Skokie has hired basis in the past two years. A sale County records. Typically, devel- PROPERTIES (total 6 bldgs, 57 units) Jones Lang LaSalle to sell the 492- at that price might also ush some opers will pocket the dierence be- WITH 535 UNITS unit high-rise at 727 W. Madison more big downtown high-rises out tween the new and old loan—$68 (B) Washington Park St., according to a report in Real Es- into the market, oering an encour- million in this case. (total 10 bldgs, 96 units) ON CHICAGO’S tate Alert, a trade publication. e aging data point for landlords that e KKR loan represented 74 SOUTH SIDE (C) Woodlawn building could fetch $250 million, have held o on their plans to sell percent of the building’s value, ac- (total 7 bldgs, the report says, which would be the due to the pandemic. cording to a KKR ling, implying 54 units & 1 vacant lot) PORTFOLIO BEING highest price paid for a Chicago-ar- Representatives of Ares, F&F and that the high-rise was worth an es- (D) Englewood ea apartment property this year. JLL did not respond to requests timated $251 million in mid-2019. SOLD SUBJECT TO A (total 8 bldgs, 181 units) Sales of trophy apartment build- for comment. Chicago developer So a $250 million sale price would MINIMUM STALKING (E) Greater Grand ings here have been scarce since Fi eld built the tower for the Ares mean the property hasn’t gained HORSE OVERBID Crossing/Chatham the coronavirus swept into Chica- joint venture but is not part of the any value in more than a year. (total 8 bldgs, 99 units) go and tipped the economy into ownership group. Completed in January 2019, OF $8,440,000 a recession, leaving many inves- ough COVID-19 has disrupt- 727 W. Madison is 87.5 percent ($15,776 PER UNIT) (F) South Shore (total 6 bldgs, 48 units) tors wondering what commercial ed the market, Fi eld founder and occupied, according to real es- properties are worth now. With so CEO Steve Fi eld says investor tate data provider CoStar Group. many people out of work, collect- demand for trophy properties re- Monthly rents range from $1,581 855.755.2300 ing rent has become a challenge mains strong. for studio apartment to $5,089 for for many landlords, though less so “727 is THE fortress deal in the a three-bedroom unit. e average HilcoRealEstate.com/Chicago-Multifamily at luxury high-rises populated by West Loop and performs well in unit rents for $3,497, or $3.41 per well-paid professionals. spite of the pandemic,” he writes square foot, according to CoStar. CRAIN’S CHICAGO BUSINESS • AUGUST 10, 2020 13

WILL THE CITY’S ARTS + CULTURE NONPROFITS SURVIVE?

Videos of penguins exploring a visitor-free aquarium have doubled Shedd’s Instagram and Twitter followers and added 100,000 to its Facebook following. SHEDD AQUARIUM/BRENNA HERNANDEZ AQUARIUM/BRENNA SHEDD

Post-pandemic, ‘it will be a very long road to rebuild… .It’s possible that the entire industry will have to be rebuilt.’ | BY LISA BERTAGNOLI

SHEDD AQUARIUM USUALLY TEEMS just north of its $1.5 million goal, from in- attractions, world-renowned performing to be rebuilt.” with visitors this time of year—a daily dividuals, corporations and foundations. arts organizations, storefront theaters. A  e crisis has also left its mark on donors. count of 7,000 to 12,000 tourists and locals  e aquarium has even seen a silver lin- three-month (and counting) halt to any “ e word would be ‘overwhelmed,’ ” says streaming through the vintage structure, ing or two. Digital-engagement e orts, aspect of life involving close contact with Lisa Dietlin, founder of the Institute for gazing in awe at the animals who call the including videos of penguins explor- strangers has stripped about $1 billion in Transformational Philanthropy, a Chi- Shedd home. Not this summer, though. ing the empty aquarium, have doubled revenue from Illinois’ $4 billion nonpro t cago-based consultancy for philanthro- After being closed for 109 days due to Shedd’s Instagram and Twitter follow- arts sector, according to Arts Alliance Illi- py and nonpro ts. “ e individuals I am COVID-19, the Shedd reopened July 3 but ers and added 100,000 to its collection nois estimates. talking to are overwhelmed with the asks is allowing only 3,000 visitors a day to en- and the enormity of the gap that needs to sure room for social distancing. be  lled,” especially at nonpro ts reliant Shedd derives 67 percent of its $62 mil- “THE INDIVIDUALS I AM TALKING TO ARE OVERWHELMED WITH THE on earned revenue to make budget. “ at lion budget from earned revenue such as gap can never be made up,” Dietlin says. ticket proceeds from those thousands of ASKS AND THE ENORMITY OF THE GAP THAT NEEDS TO BE FILLED.” “ ose days are gone.” visitors. Pre-virus, Shedd had expected a Lisa Dietlin, founder, Institute for Transformational Philanthropy Dietlin sees a future with more mergers $1.875 million budget surplus. Post-virus, and partnerships among nonpro ts (“If it’s facing a $25.6 million shortfall. It laid of Facebook followers. Its virtual sum-  e  nancial drain has resulted in some there’s not, there’s something wrong”), o 36 workers and furloughed 171, 120 mer camps sold out, with campers from nonpro t casualties—comedy showcase limited seasons for performing-arts or- of whom have since returned to work. around the country and Canada signing iO  eater and Hubbard Street’s Lou Con- ganizations and even pop-up nonpro ts Senior leadership took pay cuts of up to up. “We continue to see an interest in vis- te Dance Studio have closed, victims of to  ll a speci c need for a speci c period 30 percent; the rest of the sta , around 5 iting,” says Meghan Curran, senior vice the virus. “For the ones that are left, it will of time. “We won’t readily add arts and percent. president of marketing, guest experience be a very long road to rebuild,” says Deb culture nonpro ts without full vetting,” Shedd management remains hopeful and sales at Shedd. “We are a solid orga- Clapp, executive director of the League of Dietlin says. that sooner rather than later, the damage nization on solid footing.” Chicago  eaters, which has 230 mem- In the meantime, nonpro t executives of COVID-19 will recede. Shedd’s “It’s COVID-19 has left its mark on every bers, 200 of which are nonpro ts. “It’s Time” fundraising campaign has raised nonpro t organization—major tourist possible that the entire industry will have Continued on Page 14 14 AUGUST 10, 2020 • CRAIN’S CHICAGO BUSINESS Arts, culture organizations look to donors for help

CONTINUED FROM PAGE 13 intensive program, despite online classes. e academy plans to have their hands full with the hold some classes in person this present. ey have buildings to fall. “Every department has been maintain, stas to care for and impacted,” Massey says, noting audiences to engage with dimin- that pre-coronavirus, Jorey had ished resources and really no anticipated a balanced budget. idea of what the next four or ve To support its $21 million bud- months hold. e way forward get, Jorey’s board launched a involves a continued reliance on Crisis Stabilization Fund with a generous donors, budgets that goal of raising $12 million. It’s reect the new way of doing busi- raised a little more than $6 mil- ness, capitalizing on whatever sil- lion so far, with 100 percent of ver linings circumstances present its trustees contributing, and has and pivoting away from long-laid just rolled out the campaign to a plans. larger donor base. e company’s Jorey Ballet, for instance, had Women’s Board is also establish- a great fall planned. After years ing a fundraising campaign, with

at Auditorium eatre, the com- a goal of 100 percent participa- ROSENBERG TODD pany was to begin performing on tion. If the $12 million is raised, Steppenwolf Theatre’s digital productions Lyric Opera of Chicago raised $10 million with its Heroes Fund, which helped turn a projected $27 Lyric Opera House’s stage. Come Massey is convinced the compa- “American Clock” and “The Seagull,” featuring million loss into a $10.6 million loss. The company has canceled its fall 2020 performances. December, audiences would have ny will be stable nancially for ensemble members and available exclusively to ocked to “ e Nutcracker,” the the next year. “If (the crisis) goes Steppenwolf subscribers, drew 7,666 viewers; that will still happen—virtually— chestra, the path forward includes holiday staple that produces al- beyond next summer, I don’t for comparison’s sake, a full run in the company’s is its fall Women’s Board fundrais- a trimmed budget: $44 million, most $5 million for Jorey, more know,” she says. Upstairs theater space typically draws 6,000. ing event, in normal times a gala down 43 percent from $77 mil- than half the company’s earned Similarly, a $10 million He- aair on Lyric’s opening night. lion the previous scal year. “We revenue. roes’ Fund, contributed to by refund, plus a hiring freeze, sal- e Sept. 12 event, “For the Love put together the budget under the But Jorey was forced to cancel board members and donors, has ary reductions and sta cuts, of Lyric,” will feature a streamed concept, ‘What would the year the remainder of its 2020 shows. helped Lyric Opera of Chicago trimmed that projected shortfall performance by soprano Re- look like if we could not present Shari Massey, the company’s CFO stem its nancial losses. Early in to a projected $13.5 million for s- nee Fleming and other musical full orchestra concerts but wanted and deputy director, says the de- the pandemic, the company was cal 2020, which ended June 30. “I guests. Sponsorship packages in- to take care of employees, union cision was strategic, as travel re- facing a budget shortfall of $27 am relieved at the extent to which clude dinner and wine delivered and nonunion?’ ” says Je Alex- strictions make it impossible to million due to the cancellation we were able to alleviate the loss,” to sponsors’ homes, plus a Zoom ander, president of the Chicago assemble the personnel needed and postponement of its spring says Anthony Freud, general di- cocktail hour with Freud. “For the Symphony Orchestra Associa- to rehearse and mount the shows. 2020 performances, including the rector, while calling the project- Love of Lyric” is also the name of tion, the umbrella organization More than performances have much-anticipated Ring Cycle. ed shortfall “an eye-watering and the company’s scal 2021 annual for CSO. All Chicago Symphony been aected: Jorey Academy, e Heroes’ fund, patrons who devastating loss.” campaign, the goal of which is $20 Orchestra Association events, in- its ballet school, has also seen a donated tickets for canceled Lyric has also canceled its fall million. decline in revenue for its summer shows rather than requesting a 2020 performances. One show For the Chicago Symphony Or- Continued on Page 16 To our family of generous supporters: You made it possible for Shedd Aquarium to remain a resource for the Chicago community, and we are deeply grateful.

Anonymous • Reed Family Foundation GATX • Brian Kenney and Kristin Longley • Anna and Bob Livingston Northern Trust • Prince Charitable Trust Robert M. and Diane v.S. Levy • The Kenneth and Harle Montgomery Foundation Mr. and Mrs. Stephen Byron Smith

AbbVie • Rick and Dixie Erwin • Katie and Brent Gledhill

Anonymous • Amy and Paul Carbone • Arjun Dutt • Pau†a and David Epstein • T y and Anne Fahner Kathryn and John Gilbertson • Anders and Donna Gus tafsson • ITW • JPMorgan Chase • Tom and Alissa King, KeyBank Chris and Nikki Klingenstein • David and L esly Koo • Jerry and Jayne Krulewitch • Harvey L. Miller Supporting Foundation Peoples Gas Community Fund • PFK Family Foundation • Bill and Stephanie Sick • Walder Foundation Jane Warner and John Hegener • William B†air & Company

AAR • CDW • Crescent Cleaning • Bruce and Deb Crown • Joseph & Bessie Feinberg Foundation • David and Gillian Foulkes The Gallo Family • Sarah and John Garvey • Meg and John Hesselmann • Christopher Kim Family • Klein & Hoffman • Ms. Susan Luciu Doug McClure • Erma S. Medgyesy • Jeff Ol†ada • Power Construction • Jeanine M. Sheehan • George L. Shields Foundation, Inc • Ed and Pat Sutarik

IT’S TIME TO SAY THANKS

Explore ways to engage at SheddAquarium.org

20cb0383.pdf RunDate 8/10/20 FULL PAGE Color: 4/C 16 AUGUST 10, 2020 • CRAIN’S CHICAGO BUSINESS Pay cuts, postponed shows million in donations, prompted CONTINUED FROM PAGE 14 $3.4 million in individual gifts for cluding CSO and Civic Orchestra $5.4 million total. Better-than-ex- of Chicago concerts, have been pected contributed revenue, plus canceled through Dec. 23. CSO’s a nearly $1 million payroll tax re- Symphony Ball will be held online duction via the Coronavirus Aid, Oct. 24. Relief & Economic Security Act, Some budget savings are natu- helped stem what could have ral—for instance, a reduction in been a much bigger loss. guest artist costs because there Steppenwolf eatre post- will be no guest artists. Alexander poned most of its spring season says the organization worked with and is now on a “season reset” its musicians, chorus, stagehand that plans to return the ensem- and box-o ce unions to manage ble, and audiences, to the theater salaries for those employees. For in December. Spring postpone- instance, musicians received full ments cost the company $3 mil- compensation for April but took lion in revenue, but not produc- a 20 percent reduction for May ing plays saved some money, for a and June, a 30 percent reduction net decit of about $1 million for for July and August, and will get scal 2020, which ends in August. a 40 percent pay reduction begin- Layos and furloughs aecting ning mid-September. e 2021 67 percent of the full-time sta budget includes salary cuts for began July 27. ere is a hiring CSOA employees by an average freeze, and senior and executive

of 33 percent across the board, sta took pay cuts. ROSENBERG TODD an 8 percent reduction in sta One nancial help was Pants Cancellations, including the June 9 performance of Beethoven’s Ninth Symphony, has cost the Chicago Symphony Orchestra $8 million in ticket revenue. positions, and a 95 reduction Optional, Steppenwolf’s virtual in part-time sta positions. e fundraiser that replaced its annu- Lefkofsky “gave us input on how “She gives us great counsel in this American Clock” into a radio play. budget projection for fundraising al spring gala. e event grossed to manage certain moments for process,” Shapiro says. Both were oered exclusively, for is what Alexander calls a “pretty about $651,000, which will sup- the long haul,” says Anna Sha- Shapiro points to an unintend- free, to Steppenwolf subscribers. healthy” $15 million, down from port the 2021 return of “I Am Not piro, artistic director, noting ed consequence of the virus: e e two oerings received nearly $24.5 million for the scal year Your Perfect Mexican Daughter,” Lefkofksy’s “ability to look at dif- shutdown gave Steppenwolf’s 50 8,000 views; a sold-out show in ended June 30. the run of which was cut short in cult moments and not panic.” ensemble members, who live all Steppenwolf’s Upstairs eater Pre-pandemic, CSO had antic- March. (e spring gala grossed Board member Stephanie Smith, over the world, the chance to work space brings about 6,000 viewers. ipated a budget shortfall of $1.5 $1.27 million last year.) Board vice president and chief hu- together. e group produced a “at was incredible for us,” Shap- million for the year; the shortfall members have also contributed man resources o cer at DePaul Zoom reading of ensemble mem- iro says, adding that the company is now an estimated $4.5 million, their expertise as Steppenwolf University, talked management ber Yasen Peyankov’s adaptation is commissioning original work to Alexander says. Music Ahead, a management tries to map out through the cultural and emo- of Anton Chekhov’s “e Seagull” be produced digitally. “It’s excit- matching-gift fund seeded with $2 the future. Board Chairman Eric tional aspects of sta reductions. and turned Arthur Miller’s “e ing,” she says.

EVERY TREE Daniel P. Haerther NEEDS A Charitable Trust

CHAMPION. Chauncey and Marion D. McCormick Family Foundation The Morton Arboretum thanks the partners who help plant and protect trees and other plants for a greener, healthier, more beautiful world. A. Marek Fine Jewelry DuPage Foundation Marquette Companies Amsted Industries Ensono Navistar Your company can be a Career Vision Fernando S. Ereneta Financial Nicor Gas Chicago White Metal Casting Legacy Wealth Advisors of J. Frank Schmidt Family tree champion, too. Raymond James William J. Clancy Foundation Charitable Foundation Visit mortonarb.org/corporatesupport. Featherstone Inc. Patrick and Spraying Systems Co. Anna M. Cudahy Fund Heidrick & Struggles Sterling 4100 Illinois Route 53, Lisle, Illinois 60532 DiMeo Schneider & Associates Ice Miller LLP 630-968-0074 • mortonarb.org In Good Company Serving Chicago During Crisis Chicago knows the disaster of COVID-19 firsthand—1.5M Illinois workers have filed for unemployment and nearly 21% of the workforce is now unemployed; 42% of Illinois residents can’t pay their rent and the courts expect almost half a million eviction cases to be filed by the end of 2020.

Front line social justice legal services are more critical than ever.

Chicago Volunteer Legal Services has been on the front line for decades, delivering essential legal aid to struggling families. Now, thanks to the generosity of these Race Judicata® 2020 sponsors, CVLS can continue to help people living or working in poverty. Instead of stepping back and hunkering down, our stalwart partners stood up for us.

When Chicago’s legal community stands together no obstacle is too great.

From the bottom of our hearts, we thank these sponsors for their true and lasting commitment to Chicago Pro Bono.

Margaret Benson Executive Director

20cb0376.pdf RunDate 8/10/20 FULL PAGE Color: 4/C 18 AUGUST 10, 2020 • CRAIN’S CHICAGO BUSINESS

A Crisis Stabilization fund will help Jo rey Ballet recover from COVID-19 losses, such as the cancelling of its 2020 “Nutcracker,” which typically brings in $4.5 million in earned revenue. CHERYL MANN CHERYL COVID-19: A REAL BUDGET CRUNCHER The virus dealt a nasty blow to Chicago-area arts organizations expecting a break-even or nearly break-even budget for fiscal 2020. Instead, they’re launching special fundraising campaigns to make up for multimillion-dollar losses in earned revenue. Here’s the financial snapshot for seven area arts nonprofits. By Lisa Bertagnoli 2020 pre-virus budget projection Current projection Dollars lost due to virus Fundraising to help reduce losses CHICAGO SYMPHONY ORCHESTRA $1.5 million shortfall on a $77 million budget $4.5 million shortfall $11 million Music Ahead, a matching-gift fund that raised $5.4 million

FIELD MUSEUM $2.6 million surplus on a $70 million budget $10.6 million deficit $18.5 million A Field Forward Challenge fundraising campaign is being planned

GOODMAN THEATRE Surplus just under $100,000 on a $20 million budget Estimated $2 million deficit* $3.5 million Intermission Campaign raised $1 million; $8 million goal to support operations

JOFFREY BALLET Slight surplus on a $21 million budget Break even** $10 million*** $12 million Crisis Stabilization Fund, which has raised north of $6 million

LYRIC OPERA OF CHICAGO Balanced $13.6 million deficit $27.5 million $10 million Heroes’ Fund, completed, plus fiscal 2021 For the Love of Lyric campaign, which has a $20 million goal

SHEDD AQUARIUM $1.875 million surplus on a $62 million budget $25.6 million deficit $15 million It’s Time campaign has raised $1.5 million and counting

STEPPENWOLF THEATRE Not available $1 million deficit $3 million Its Pants Optional virtual spring gala grossed $651,000

*Fiscal year ends Aug. 31. **Due to Paycheck Protection Program loan. ***$2 million (covered by PPP loan for fiscal 2020; $10 million for fiscal 2020, which began July 1. Source: Nonprofits

National Biomedical Partners

Ready 365 Partners

Every day, the Red Cross of Illinois delivers care, comfort, and hope following devastating disasters, as well as provides lifesaving blood for patients in urgent need. The

compassionate generosity of our local Ready 365 members and national biomedical partners make this possible—365 days a year.

305101-01 7/20 thank you Chicagoland Habitatfor Humanity gratefully acknowledgesthe supporters of our 2020 Habitat Hero Awards. Thanks to your donations, Habitatacrossthe Chicagoregionismaking a dierence by building strength, stability and self-reliance through shelter.

Habitat Hero Award Receipients habitat hero awards June 23, 2020 Ric Phillips Anixter International Inc. President & CEO Co-Chairs Elkay Manufacturing Gloria L. Materre, Esq. Kristin Slavish Managing Director, Global Talent Leader, Entrust Realty Advisors Executive Talent Management, The annual Habitat Hero Awards Aon recognize the contributions of individual and corporate leaders Region Builders who support Habitat for Humanity Edwardson in Chicagoland.

Family Foundation Due to the COVID-19 pandemic, there was no dinner this year. On Community Builders June 23rd, a virtual celebration on Ann & Ted Bob & Kim Eck social media honored the Habitat Dosch The Eck Family Foundation Heroes and homebuyers across the region.

The connections between home and health have never been more Neighborhood Builders important. Please consider a gift Kim & Bill Carmela & Chris Todd Kaplan to Chicagoland Habitat for Galvin Gri
n Centerview Partners Humanity as we need your Kathleen & Ric support - now more than ever. Phillips

Home Builders Family Builders Aon Paul & Mary Finnegan Clayco Dorene & Orlando McGee Denise & Rod Smith Challenger, Gray & Christmas ITW Jill Garling & Tom Wilson Northern Trust Bill & Carol Standish Cindy & Steve Cruise McKinsey & Company Bill & Anne Marie Geary Scott & Angel Ramsbottom Elizabeth & Brian Wiborg Deloitte James N. Perry, Jr. & Molly Perry EY JPMorgan Chase & Co. Skadden, Arps, Slate, KoenigRublo Cares Foundation Meagher & Flom LLP

*Sponsors and donors as of June 23, 2020

Everyone deserves the opportunity to build a better life. Donate or volunteer at chicagolandhabitat.org.

20cb0378.pdf RunDate 8/10/20 FULL PAGE Color: 4/C 20 AUGUST 10, 2020 • CRAIN’S CHICAGO BUSINESS When innovation is crucial to survival Social services nonpro ts get creative during the pandemic

BY LISA BERTAGNOLI program for people of color. In- stead, “everything got turned on Social services nonpro ts, too, its head,” says Stephanie Skora, have felt the eects of COVID-19, the alliance’s associate executive with 83 percent reporting a de- director. crease in revenue and 71 percent To meet needs sparked by cutting services, according to a the crisis, Brave Space Alliance June study released by Indepen- launched the Trans Relief Fund to dent Sector, a national organiza- provide emergency money for its tion of nonpro ts, foundations clients. e fund received $80,000 and corporations. in requests for aid in its rst 24 “Every single organization we hours of existence. By mid-July, it have supported is under duress,” had disbursed $120,000 in micro- says Gillian Darlow, CEO of Chi- grants to Black and Brown trans cago-based Polk Bros. Founda- individuals. e alliance also BRAVE SPACE ALLIANCE SPACE BRAVE tion, which granted $27.6 million opened a crisis food pantry, which MINISTRY NIGHT THE in 2019. Earned revenue has de- has served 20,000 people. Brave Space Alliance, left, opened a crisis food pantry to help clients during the pandemic. The South Side organization, which oers services to LGBTQ people, clined, and gala proceeds, which e fund and pantry caught the is raising money to make the food pantry permanent. The Night Ministry was able to move its headquarters and overnight shelter, the Crib, right, to Bucktown can be as much as 20 percent of an attention of individual donors, from Ravenswood despite COVID-19. The agency began planning for the virus’s ill eects in January. organization’s budget, have dis- who donated $400,000, compared appeared. at said, “nonpro ts with $10,000 for the same time night a week. which account for about a third of ple came together and worked to- are the ultimate innovators,” Dar- period last year. Heartened, the To respond quickly to COVID the organization’s budget, totaled gether as a team was phenomenal, low says. “ey deliver programs alliance has started an $800,000 scenarios, CEO Paul Hamann de- $772,000 from March through like nothing I’d ever experienced in the best of times with minimal building fund to make the crisis centralized decision-making in June. at’s a 133 percent increase in 30 years as a nonpro t leader,” resources, and they have to be food pantry permanent and reno- favor of employee-led task forces. over the same period last year. Hamann says. creative about how they do their vate and pay o acquisition costs He also decided that the organi- ose donations helped cover Hamann is hardly sanguine w o r k .” for its South Side oce. So far, it’s zation would neither lay o nor extra expenses and give the Night about the future, noting uncer- Two local examples: Hyde raised half the funds. furlough sta if humanly possible. Ministry an estimated 5 percent tainty about the level of donations Park’s Brave Space Alliance and When COVID-19 hit, the Night On the contrary, 81 staers who surplus for scal 2020. e sur- when the worst of the crisis pass- the Night Ministry in Bucktown. Ministry, which provides health work directly with clients got a plus will help pay for COVID-19 es and certainty that demand for Brave Space Alliance, which care, housing and outreach to 50 percent pay supplement. at, expenses in its current scal year. services will increase. “We had serves the LGBTQ community, adults and youth, kept its over- plus other COVID-related expens- e Night Ministry was also able a funder ask about outcomes,” started 2020 with big plans: drop- night shelter, the Crib, open round es, such as extra sanitation sup- to complete a planned move for its Hamann says. “We said our out- in centers for clients in South and the clock. Its Street Medicine team plies and keeping the Crib open, headquarters, including its 21-bed comes are staying open and serv- West Side Chicago Public Library began oering services on Chi- cost $400,000. overnight shelter, to Bucktown ing clients. What can we do today locations and an HIV awareness cago Transit Authority trains one Donations from individuals, from Ravenswood. “e way peo- to stay open tomorrow?” On behalf of a grateful community, THANK YOU to our JUF Corporate Partners who provide resources that help JUF assist people in need to overcome life’s challenges, transforming daily life for over 500,000 Chicagoans of all faiths and millions of Jews worldwide.

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20cb0379.pdf RunDate 8/10/20 FULL PAGE Color: 4/C 22 AUGUST 10, 2020 • CRAIN’S CHICAGO BUSINESS CRAIN’S LIST CHICAGO’S LARGEST FOUNDATIONS Ranked by 2019 assets. No. of local Total grants full-time paid out employees 2019 2019 assets in 2019 Foundation Largest grant in 2019 as of

rank Foundation Top foundation o cial (millions); 2018 (millions); 2018 type Arts and culture Civic and community Disaster relief Econ. development and public policy Education Employment Health Human services Legal aid (millions); beneciary 12/31/19 1 JOHN D. & CATHERINE T. MACARTHUR John Palfrey $7,224.5 $283.8 PIF 4 4 4 4 4 $10.0; Rockefeller Philanthropy 189 1 FOUNDATION 140 S. Dearborn St., President $6,667.0 $304.8 Advisors and Acento, Accion Suite 1200, Chicago 60603; MacFound.org Local 2 CHICAGO COMMUNITY TRUST Helene D. Gayle $3,352.2 $369.8 CF 4 4 4 4 4 4 4 4 4 $10.0; Monterey Bay Aquarium 89 2 225 N. Michigan Ave., Suite 2200, Chicago President, CEO $3,248.0 $361.7 Foundation 60601; CCT.org 3 JEWISH UNITED FUND/JEWISH Lonnie Nasatir $2,357.5 $223.4 FF 4 4 4 4 4 4 4 4 4 $37.2; Jewish Federations of North 345 3 FEDERATION OF CHICAGO President $2,248.4 $218.5 America 30 S. Wells St., Chicago 60606; JUF.org 4 ROBERT R. MCCORMICK FOUNDATION Timothy P. Knight $1,838.9 $67.1 PF 4 4 4 4 4 $2.3; United Way-McCormick 128 4 205 N. Michigan Ave., Suite 4300, Chicago President, CEO $1,616.5 $46.6 Partnership for Strong Neighbor- 60601; McCormickFoundation.org hoods 5 JOYCE FOUNDATION Ellen S. Alberding $1,097.8 $42.4 PIF 4 4 4 4 $0.8; Central Indiana Community 25 5 321 N. Clark St., Suite 1500, Chicago 60654 President $971.6 $38.7 Foundation JoyceFdn.org 6 TERRA FOUNDATION FOR AMERICAN Sharon Corwin $585.5 $7.9 PIF 4 4 $0.6; College Art Association 28 6 ART 120 E. Erie St., Chicago 60611 President, CEO $579.3 $13.3 TerraAmericanArt.org 7 POLK BROS. FOUNDATION Gillian Darlow $412.5 $25.6 PIF 4 4 4 4 4 4 4 $3.8; Navy Pier 13 7 20 W. Kinzie St., Suite 1110, Chicago 60654 CEO $432.9 $27.9 PolkBrosFdn.org New STEANS FAMILY FOUNDATION Patricia Ford $344.0 $7.1 PIF 4 4 4 4 4 4 4 $0.5; Children’s Literacy Initiative 16 8 50 E. Washington St., Suite 410, Chicago Executive director $61.0 $5.2 60602; SteansFamilyFoundation.org 8 IRVING HARRIS FOUNDATION Phyllis Glink $219.0 $16.0 PIF 4 4 4 4 4 $0.5; Ounce of Prevention Fund 11 9 191 N. Wacker Drive, Suite 1500, Chicago Executive director $238.2 $16.3 and Harris Theater for Music & 60606; IrvingHarrisFdn.org Dance 11 COLEMAN FOUNDATION INC. Michael W. Hennessy $190.9 $8.5 PIF 4 4 4 4 4 4 $0.8; Envision Unlimited 5 10 651 W. Washington Blvd., Suite 306, President $164.7 $7.2 Chicago 60661; ColemanFoundation.org 10 GAYLORD & DOROTHY DONNELLEY David Farren $189.0 $6.7 PIF 4 4 4 4 $0.2; National Forest Foundation 8 11 FOUNDATION 35 E. Wacker Drive, Suite Executive director $185.0 $6.8 2600, Chicago 60601; GDDF.org 9 LLOYD A. FRY FOUNDATION Unmi Song $187.6 $8.1 PIF 4 4 4 4 $0.3; Restorative Justice Hubs 6 12 120 S. LaSalle St., Suite 1950, Chicago 60603 President $189.1 $7.9 FryFoundation.org 13 PRINCE CHARITABLE TRUSTS Charles C. Twichell $156.0 $5.3 CT 4 4 4 4 $0.2; Piedmont Environmental 6 13 140 S. Dearborn St., Suite 1400, Chicago Executive director $138.8 $6.2 Council 60603; PrinceTrusts.org New ILLINOIS CHILDREN’S HEALTHCARE Heather H. Alderman $145.1 $5.6 PIF 4 4 4 $1.0; Southern Illinois University 6 14 FOUNDATION 1200 Jorie Blvd., Oak Brook President $131.5 $5.5 School of Dental Medicine 60523; ILCHF.org 14 RRF FOUNDATION FOR AGING Mary B. O’Donnell $143.2 $6.0 PIF 4 4 4 $0.2; Yale University 7 15 8765 W. Higgins Road, Suite 430, Chicago President $136.1 $4.2 60631; RRF.org 12 MICHAEL REESE HEALTH TRUST Gayla Brockman $141.9 $7.0 PF 4 4 4 $1.0; Acclivus 6 16 150 N. Wacker Drive, Suite 2320, Chicago President, CEO $148.5 $4.4 60606-1608; WeAreMichaelReese.org 16 GRAND VICTORIA FOUNDATION Sharon Bush $141.3 $5.5 PIF 4 4 4 4 4 4 4 $0.3; Jo Daviess Conservation 6 17 230 W. Monroe St., Suite 2530, Chicago Executive director $123.0 $5.4 Foundation 60606; GrandVictoriaFDN.org 15 HEALTHY COMMUNITIES FOUNDATION Maria S. Pesqueira $130.4 $5.4 PIF 4 4 $0.2; CommunityHealth 7 18 19 Riverside Road, Suite 6, Riverside 60546 President $125.4 $5.1 HCFdn.org 18 BRINSON FOUNDATION Christy Uchida $121.8 $4.6 PIF 4 $0.1; University of Chicago Medicine 4 19 737 N. Michigan Ave., Suite 1850, Chicago President $108.2 $4.6 Junior Investigator Award and the 60611; BrinsonFoundation.org LSSTC Data Science Fellowship Program 19 W. CLEMENT & JESSIE V. STONE FOUN Sara Slaughter $115.5 $5.1 PIF 4 $0.2; Erikson Institute 3 20 DATION 70 E. Lake St., Suite 1020, Chicago Executive director $104.5 $4.9 60601; WCStoneFnd.org 20 CME GROUP FOUNDATION Kassie Davis $115.0 $5.6 PCF 4 4 4 4 $0.5; Scholarship America/CME 1 21 20 S. Wacker Drive, Chicago 60606; Executive director $100.4 $5.6 Group Foundation Scholarships CMEGroupFoundation.org 17 ALPHAWOOD FOUNDATION James D. McDonough $104.5 $15.2 PIF 4 4 4 4 $2.5; Barack Obama Foundation 5 22 2401 N. Halsted St., Suite 210, Chicago Executive director $121.2 $18.4 60614; AlphawoodFoundation.org 21 DUPAGE FOUNDATION David M. McGowan $102.9 $7.2 CF 4 4 4 4 4 4 4 $1.0; Swifty Foundation 9 23 3000 Woodcreek Drive, Suite 310, Downers President, CEO $94.9 $4.8 Grove 60515; DuPageFoundation.org 22 COMMUNITY MEMORIAL FOUNDATION Greg DiDomenico $95.6 $3.1 PIF 4 4 $0.3; Pillars Community Health 5 24 15 Spinning Wheel Road, Suite 326, Hinsdale President, CEO $86.9 $3.2 60521; CMFdn.org 25 FIELD FOUNDATION Angelique Power $65.2 $2.9 PIF 4 4 4 4 4 4 4 4 $0.1; NA 7 25 200 W. Madison, 3rd oor, Chicago 60606 President $59.5 $2.0 FieldFoundation.org Includes foundations headquartered in Cook, DuPage, Kane, Lake (Ill.), Lake (Ind.), McHenry and Will counties. NA: Not available. PIF: Private independent foundation. PCF: Private corporate foundation. CF: Community foundation. PF: Public foundation. CT: Charitable trust. FF: Federated fund. 1. Each beneciary received the grant amount. 2. Fiscal year ends in September. 3. Fiscal year ends in June. 4. Includes Cantigny Foundation, per audited nancial statements. 5. Fiscal year ends in August. 6. Fiscal year ends in February. 7. Fiscal year ends in April. Researched by Kasey Hariman CRAIN’S CHICAGO BUSINESS • AUGUST 10, 2020 23

SPONSORED CONTENT BUILDING SUCCESSFUL PARTNERSHIPS HOW NON-PROFITS AND CORPORATIONS BENEFIT Genesys Works Partners with Local Companies for Success

The best partnerships benefit both Bonilla thought about the problem and parties. within hours produced a prototype that met Take, for example, Kevin Bonilla and 90% of the requirements. Skender Construction. Bonilla refined the tool over the next Bonilla, a high school senior from week, presented his solution and nailed Chicago’s West Side, was accepted by it. The company was so impressed that Genesys Works last year. The non-profit it offered to pay his college costs while Kevin Kometer, Chief Information Of cer, CME Group with their Class 09 Genesys organization provides intensive professional keeping him on as an employee. Works interns and technical skills training to promising “Our partnership model produces students and then places them in year-long success,” says Kim Day, executive director, The Chicago program offers three The company also makes a real impact on paid corporate internships. Genesys Works Chicago, “We train training tracks in accounting, information the City’s South and West Sides where most Bonilla successfully underwent an eight- highly motivated students who provide a technology and computer science. interns live. week summer training program at Genesys reliable pipeline of diverse talent for local Genesys Works handles the student Interns earn an average of $12,000 during Works. He was then was placed in a part- companies.” recruitment, screening, training, hiring, the year. The program paid out $3.3 million time job at corporate program partner Genesys Works Chicago has 49 corporate wages and taxes, and then invoices in wages last year—money invested in Skender while finishing high school. partners. Last year, the organization companies for the services provided. underserved neighborhoods. Early in his internship at Skender, Bonilla accepted 150 students into its internship The interns arrive at their corporate Genesys Works follows the interns for attended a meeting with the technology and program. But 800 applied. jobs ready to work, freeing others for six years after high school graduation, human resources teams. They wanted to “We need more corporate partners,” Day more complex tasks. The CME Group, for providing support. About 88% of the simplify the workflow process for new hires. says. example, had 10 interns across a variety of interns enroll in college and graduate at a The program is a true partnership. functions. rate of 31/2 times their peers. Genesys Works trains rising high school The program offers other benefits, such “The program benefits everyone,” Day CHICAGO seniors for 160 hours over the summer. as mentorship roles for fulltime employees. says. “The potential is enormous.”

It was a win- win for both sides. Our interns “ What if your COMPANY had the opportunity to give back to the showed up with community - and get even more work done? Genesys Works rigorously a strong desire trains students in professional and technical skills, then places them in year-long paid internships with our corporate partners. Together, we can to learn, make provide students from the south and west sides of Chicago with a life- contributions changing opportunity, while your company and employees benefit from the valuable work they perform. to benefit the Companies benefit with: company and • Cost-effective, motivated resources adding real value to your teams further their • Increased productivity and morale • Opportunities for mentoring and leadership development careers. • Builds a pipeline of diverse talent to meet future workforce needs Kevin Nicholl • Meaningful employee engagement opportunity with lasting impact CIO, CME Group

Become a Corporate Partner! Join the list of corporate leaders working with Genesys Works:

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BECOME A CORPORATE PARTNER, OR REQUEST MORE INFO BY EMAILING [email protected], OR VISITING GENESYSWORKS.ORG/ 24 AUGUST 10, 2020 • CRAIN’S CHICAGO BUSINESS Another regional airline falls to the COVID-19 recession ExpressJet’s CEO says the hub-and-spoke carrier model still has a future, even if his airline doesn’t

BY JUSTIN BACHMAN tain of parts” it has subleased from United. e Big ree U.S. airlines are It’s unclear how many of Ex- unlikely to dismantle the regional pressJet’s 50-seat E145s may be carrier model any time soon, so transferred to CommutAir, an- long as they rely on massive hubs other regional airline operator to generate prots. is outlook is in which United holds a stake, or from the CEO of ExpressJet Air- how many United will choose to lines, one of the largest region- park. ose decisions could also al carriers in America, and one aect how many pilots and ight which plans to shut down this attendants keep working: Atlan- year. ta-based ExpressJet has 2,800 ac- ExpressJet is the fourth U.S. re- tive employees. gional airline to collapse since the Covid-19 pandemic decimated air CONSOLIDATION travel. rough a subsidiary, Chi- United warned last month that cago-based United Airlines Hold- it would consolidate its 50-seat ings Inc. owns 49.9% of the airline, Embraer business with just one which it acquired from SkyWest airline, causing ExpressJet and Inc. in late 2018 to bolster its re- its labor groups to quickly de- gional ying. United has decided vise proposals for retaining the to end its ights with ExpressJet as business. On July 30, a United part of the carrier’s broader, pan- spokesman said CommutAir “will

demic-induced retrenchment. operate a eet that matches the BLOOMBERG At one time, the regional air- current demand environment.” Passengers board a regional airliner operated by ExpressJet Airlines. line—formerly Continental Ex- Before the pandemic struck, more than half of United’s to the pandemic, regional carriers prompted the Regional Airline declined by the Federal Reserve’s daily departures were are likely to survive because of the Association to renew its call for Main Street Lending program for “IF THERE ARE AIRLINES THAT HAVE own by regional car- operating advantages they give greater federal nancial assistance small and medium-sized busi- riers. large airlines on eets and costs. from Washington to avoid a loss of nesses before they can request TO HAVE HUBS, THERE IS NO WAY THAT “An airline that “If there are airlines that have air access in smaller markets. airline loans, Black said. A Trea- THE SMALL AIRLINE MODEL IS GOING has been ying for to have hubs, there is no way that “Congress did not intend to sury spokeswoman conrmed 33 years comes with the small-airline model is going leave smaller carriers behind. Aug. 3 that the agency is requiring TO DIE.” a mature pilot group to die,” said Karnik, a former se- However, Treasury has declined some smaller companies to apply and contract,” Joe nior executive at Continental and to exercise the exibility granted rst with banks in the Fed pro- Subodh Karnik, CEO, ExpressJet Mauro, chairman of Delta Air Lines Inc. “ e adage in under the CARES Act to work with gram. the ExpressJet chap- the airline industry that I buy into smaller carriers,” the RAA said July “ is eleventh hour reversal press—was among the world’s top ter of the Air Line Pilots Associa- is that presence drives preference 31, referring to the $3 trillion Con- of eligibility came after carriers 10 by eet size, with more than tion, said in a memo to members. drives prots,” meaning that trav- gressional bailout package. Only spent over three months of nego- 400 aircraft. It also operated as an “While this is something we are elers in smaller cities value airline one regional airline, SkyWest, tiation with Treasury, and spent independent and charter carrier proud of, it must have been seen choice and service frequency. has been able to reach terms for money on Treasury-requested at various points in its history. But as a negative to the decisionmak- As recently as late February, a potential loan, RAA President appraisals,” Black said in an email. those days are over. ers at UAL.” CommutAir pilots are United and ExpressJet had an- Faye Malarkey Black said. e “If Treasury continues to deny “It’s a proud old company that’s also members of ALPA. nounced plans to consolidate Utah-based carrier said last week smaller carriers this vital, Con- had more life than a cat,” Chief Karnik, who said each Express- all of United’s 50-seat Embraer it could borrow $497 million from gressionally-passed assistance, Executive Ocer Subodh Karnik Jet E145 is associated with sta- ying at the regional carrier and the government if needed. the consequences for air service said Aug. 3, pledging an orderly ing of as many as 11 pilots and modernize the jets’ cabins with Treasury ocials are asking in rural America could be dire.” transition for the airline’s 131 Em- six ight attendants, argued that streaming inight entertainment. carriers seeking less than $300 braer SA 145 jets and the “moun- even with sudden reversals tied News of ExpressJet’s demise million to prove that they’ve been Bloomberg News Illinois manufacturers’ outlook improves from low point Two groups that represent factory owners give their take A second group, the Illinois Manufacturers’ Association, on how their members are faring amid the pandemic agrees that the state’s manufac- turing economy has competitive BY GREG HINZ level over the next year, but only problems. Since 2010, Illinois 16 percent have a positive outlook gained just 1,000 manufacturing Illinois manufacturers are feel- for the Illinois economy. Both are jobs, compared to 50,000 in Indi- ing a little better about their future better than this spring but well ana and 25,900 in Wisconsin, IMA prospects than they were at the short of the 60 percent and 24 per- President Mark Denzler says in an worst of the COVID-19 pandem- cent gures at the beginning of the email, citing federal data. ic, but things are still far short of year. “Issues like the minimum-wage where they were. e group, in a statement, says hike and predictive scheduling at’s the word from two trade the major pain points are “govern- have increased costs and made groups that represent factory own- ment regulations and taxes,” fol- Illinois less competitive,” Denzler ers here, one of which is consid- lowed by a lack of skilled workers. emails. “Chicago is the only city erably more pessimistic than the in the U.S., for example, to include other. ROLLBACK WORRIES manufacturing in a scheduling e downcast view comes from “Gov. Pritzker has continued ordinance. It’s creating huge chal- the Technology & Manufacturing to threaten the rollback of the lenges and I’m hearing from Chi-

Association, a Schaumburg-based Restore Illinois reopening plan, cago companies regularly.” GETTY IMAGES group headed by former state Sen. which would be devastating to Denzler does praise Pritzker The trade groups agree that the state’s manufacturing economy has competitive problems. Steve Rauschenberger, R-Elgin, manufacturers who just now are for designating factory workers as that represents roughly 700 small starting to get back on their feet,” “essential” in his executive orders, to pick up nationally, some sectors a full-scale trade war with China and midsize businesses, most in Rauschenberger says in the state- something that kept most indus- here are feeling optimistic, includ- breaks out. “At the end of the day, the suburban collar counties. ment. “We cannot move back- trial workers on the job. ing those in the food, chemical Illinois policies and regulations According to the group’s lat- wards—our leaders need to real- National trends are at least as and automotive industries. are impediments to manufactur- est monthly economic survey of ize that we can keep our residents signicant as what’s happening e biggest factors now in his ing growth. However, there are members, 52 percent are optimis- and workers safe without shutting here, Denzler adds in a later phone view: whether COVID nally other factors as well that play into tic about business at a national down the engine of our economy.” call. With manufacturing starting comes under control and whether the equation.” BE WHERE BUSINESS HAPPENS BE IN THE BOOK

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ARCHITECTURE / DESIGN ARCHITECTURE / ENGINEERING EDUCATION FOOD / BEVERAGE REAL ESTATE

Lamar Johnson Collaborative, Globetrotters Engineering Noble Network of Charter Path of Life, Naperville MAP Strategies, Chicago Chicago Corporation, Chicago Schools, Chicago Path of Life, known for MAP Strategies Lamar Johnson Globetrotters Jennifer Reid Davis their frozen quinoa, (MAPS), an architectural Collaborative, a Engineering has been named rice, and veggie compliance firm, is leading full-service Corporation, a full- the first Chief Equity blends, has welcomed thrilled to announce integrated architecture service architectural/ Officer for the Noble Blake Zimmerman as George Guarino III and design firm, is engineering firm, is Network of Charter the Director of Brand has been promoted pleased to announce pleased to announce Schools. Having Sales. In this position, to Vice President. the appointment of Statz Mark W. Peterson is served as a teacher Zimmerman will be responsible George has been with MAPS for Jessica Statz and joining its corporate leadership and principal for a decade at for developing and advancing over five years and is instrumental Matt Richardson team as Chief Strategy Officer. two Noble campuses, she brings Path of Life’s retail presence in creating firm value by utilizing to Principal. Statz is Peterson, an industry veteran, will a deep wealth of experience across the county. With 12 years his strategic planning knowledge the interiors studio provide leadership for corporate and passion for the tenets of of industry experience, he will to drive large scale architectural director in Chicago and program management; diversity, equity and inclusion. lead sales strategies for existing projects. George will lead an and has extensive business development with Davis has spearheaded Noble’s products in addition to developing expansion of the strategic planning experience designing special emphasis on construction, work with Promise54 to advance launch strategies for new brand team. In the past year, he has corporate headquarters property management, and educational equity, and launched innovations that will expand their managed a team that has obtained Richardson and interior projects of transportation-related services. the Noble Diverse Leaders plant-based offerings beyond the approvals for over $420 million all scales. She applies Fellowship two years ago. frozen sides category. worth of permitted projects. her background in marketing BANKING / FINANCE to design spaces that support PHARMACEUTICAL her clients work needs, business Bank Leumi USA, Chicago goals, and the cultural shift they Agent Capital, Boston wish to enact. Bank Leumi USA has EDUCATION Following a first career in online hired Jerry Lumpkins Agent Capital, life publishing and communications, as its new Chicago sciences investment Noble Network of Charter firm, added industry Richardson joined LJC to play a Commercial Real Schools, Chicago key part in launching its start-up Estate Lead. In this veteran Jacopo Leonardi as Partner phase operations and subsequent role, Lumpkins will Maria Lefkow Sorensen based in Chicago. integration with parent company, focus on commercial has been named the Leonardi has 25 Clayco. He serves as LJC’s Chief investment real estate transactions, Chief Development years in biopharma as both an REAL ESTATE People Officer. including multifamily, retail, Officer for the Noble executive and entrepreneur. office, and industrial properties Network of Charter Newcastle Limited, Chicago Founded by Dr. Geeta Vemuri, throughout the Midwest. Schools. Lefkow Agent Capital has invested in 14 Lumpkins brings two decades Sorensen spent Steve Merchant healthcare companies, 4 have of experience in commercial the last nine years at Chicago joins Newcastle successfully gone public. As and real estate banking with 15 Jesuit Academy with increasing Limited as Managing they are entering a new phase years’ expertise in the Chicago responsibilities culminating as the Director of Multifamily of growth, Leonardi’s addition commercial banking market. He Vice President of Development. Operations. Steve ARCHITECTURE / DESIGN enhances their well-established joins Leumi from BMO Harris She has a background in will be responsible reputation for value creation, Bank, where he was Director of education and is passionate for overseeing the Wight & Company, Chicago strategic acumen and access to Commercial Banking. about the right to exceptional operations of the firm’s 3,000- premier industry talent and deals. Wight is excited to educational opportunities for unit multifamily portfolio. He CONSULTING welcome Em Hall as students. Lefkow Sorensen brings a wealth of marketing, earned her degree from Tulane sales, leasing and operational our new Communications FTI Consulting, Chicago Manager. Her professional University in New Orleans. experience from his 15 years with Equity Residential. Most recently, background combines Daniel P. Wikel has PROFESSIONAL SERVICES award-winning digital Steve helped launch Magnolia joined FTI Consulting Capital’s property management campaigns with deep as a Senior CBIZ Employee Benefits, knowledge of the transportation Chicago division, where he served as Managing Director Managing Director of Operations. sector. She previously ran her in the Turnaround ENGINEERING / CONSTRUCTION Steve holds an MBA from The own consulting firm, working & Restructuring John Cook has been collaboratively across public, promoted to President Wharton School of Business. practice within Burns & McDonnell, Chicago private, and nonprofit sectors. the Corporate Finance & of CBIZ Employee Em earned a BA with Honors Benefits, a division of Restructuring segment. Based in Emily Snyder has at the University of Chicago Chicago, Wikel advises clients CBIZ, Inc. He has 30 and is completing a PhD in been promoted to years of experience in on corporate turnarounds and manage the networks, Urban Planning at UIC. She has restructurings, lender workout the employee benefits twice earned the prestigious integration and field, spending the last 15 years situations, transaction advisory automation (NIA) Dwight David Eisenhower services/business assessments at CBIZ, most recently as Chief Transportation Fellowship. group for Burns & Growth Officer. John will lead an and raising capital. Prior to McDonnell in Chicago. joining FTI Consulting, Wikel organization of forward-thinking Her extensive experience in NIA professionals who collaborate was a founding member of design and installation includes Huron Consulting Group, where with small- to mid-market clients TRANSPORTATION wireless communication, site to develop strategic solutions and he led the Chicago office. infrastructure and network help navigate the complexities HNTB Corporation, Chicago upgrades for critical infrastructure of employee benefits to drive EDUCATION systems. Emily recently led the ARCHITECTURE / ENGINEERING employee engagement and build HNTB Corporation design and implementation of a thriving workplace culture. named Kristi Lafleur Noble Network of Charter a multiple-address system radio Klein and Hoffman, Inc., Chicago leader of its Chicago Schools, Chicago upgrade throughout a major office. Lafleur is electric utility’s service territory, TECH / TELECOM Glenn Johnson, AIA, Estée Kelly will responsible for HNTB’s cutting over remote terminal unit QCxP is promoted serve as the Chief of Comcast, Chicago growth and delivery traffic at 85 sites. to Principal. Glenn is Schools for the Noble of innovative mobility a licensed architect Network of Charter Lisette Martinez solutions across the region. with 36 years of Schools. Kelly draws has been named She brings more than 20 years experience, 10 with on her background Vice President of of public- and private-sector K&H. Glenn oversees as founding principal Retail Sales for transportation infrastructure the firm’s building enclosure of Noble’s Gary Comer Middle Comcast’s Greater experience to the role. As commissioning team and serves School and later as principal of Chicago Region, executive director of the Illinois as the Enclosure Commissioning Gary Comer College Prep. Her which includes Tollway, she oversaw the largest Consultant for leading healthcare early preparation includes success Illinois, Northwest Indiana and capital program in the agency’s providers in Illinois, Indiana, and with New Leaders for New Southwest Michigan. In her history. HNTB works on the region’s Michigan. Glenn has consulted Schools, who partners with CPS new role, Martinez will oversee most significant transportation, for more than $2B of construction to prepare exceptional leaders the company’s 45 Xfinity Stores aviation and transit projects. projects in this role at K&H. To order frames or plaques for the district. Kelly earned an of profiles contact throughout the region, along M.A. in Educational Leadership Lauren Melesio at with several hundred Xfinity retail through National Louis University [email protected] or sites within area big box stores and a B.A. from DePaul University. 212-210-0707 and freestanding retail kiosks. CRAIN’S CHICAGO BUSINESS BEST2020 PLACES TO WORK

CRAIN’S CHICAGO BUSINESS • AUGUST 10, 2020 27

2020 CRAIN’S CHICAGO BUSINESS 2020

2020 2020

2020 BEST PLACES TO WORK

Looking over this year’s Best Places to Work winners, it’s hard not to get nostalgic for the o ce, pre-COVID. Talk of tricked-out breakrooms, birthday celebrations, impromptu happy hours and rooftop decks has us pining for the days of interacting in real life with co-workers. Today, most of us are still working from home, unsure when o ce life (or any part of life) will be back to normal. It will hap- pen, of course, and when it does, these companies are showing the way: providing employees with the perks, amenities, pay and bene ts that keep them happy and productive. Flex hours, remote work and generous PTO—valuable perks pre-pandemic—are playing an even bigger role now, and will likely continue to, especially as school reopenings remain an open question. Since 2008, Crain’s has highlighted the local companies rat- ed highest by their employees. In a wide-ranging question- naire sent out and completed well before the virus took hold and employees scattered to work from home, we asked about everything from workplace comforts to bene ts and culture. A record 14,522 employees participated in our survey this year. See ranked winners in these pages.

Stories by Judith Crown | Research by Best Companies Group

BEST LARGE COMPANIES CLUNE CONSTRUCTION DUANE MORRIS What it does: Construction | Location: Chicago | Employees local/U.S.: 171/522 | What it does: Law firm | Location: Chicago | Employees local/U.S.: 82/1,433 | Voluntary Voluntary turnover: 7% | Perks: Cost of health care premiums and claims covered as long as turnover: 0% | Perks: 22 PTO days, 401(k) match, pet insurance employees participate in wellness program, 401(k) match, ESOP, pet insurance, early Fridays e work life of lawyers is stress- Managers at Clune Construction pursue a path to management. Wojack, ful enough, but Duane Morris aims to don’t subscribe to the “sink or swim” for example, is also a senior vice presi- smooth the journey. “We tell our attor- onboarding of new hires. Instead, new dent, involved in running jobs as well neys that as you’re working hard, your employees are acclimated to the con- as bringing in new business. Last year life will be better because you’ll be struction company over a few months. Clune started an emerging leader’s working with people who are pleasant,” “We pair them with a senior supervisor group for “up-and-comers who show says Chicago Managing Partner John to learn our software, our scheduling, how initiative and a desire to move up,” Abro- Robert Weiss. “ ey’ll help you when- we run a project,” says Adam Wojack, a se- mitis says. e diverse group, which ever you ask for it.” nior superintendent. “ en we introduce includes vice presidents as well as less e Philadelphia-based law  rm, them to small projects, a staircase or half a senior sta members, meets monthly with more than 800 attorneys working  oor. We want to make sure they succeed.” with an outside consultant to explore in 30 o ces in the U.S. and abroad, at purposeful training process con- the qualities and demands of leadership. dates to 1904. e  rm’s founders be- tributes to employee satisfaction and a And Clune’s generous medical and lieved, in the Quaker tradition, that low voluntary turnover rate of 7 percent. wellness bene ts (the company is self-in- personal relationships are paramount e company, which manages more sured) are a standout. Clune covers 100 and that work life is enriched by the than $1 billion in construction projects percent of premiums for medical, dental relationships that you develop, Weiss annually, specializes in o ce building and vision for employees as well as part- says. interior buildouts. Clune also operates ners and children. e only requirement: He points to an incident several Duane Morris attorneys and sta participated in the o ces that serve New York, Los Ange- Employees are asked to have an annual years ago when a Chicago partner in 2019 Race Judicata 5K. les, San Francisco and Washington, D.C. physical exam. mid-December was handed a new case Surveys show that training and career And the company covers up to 75 per- by a client—an enormous transaction der care. path are top employee priorities, says cent of a gym or health club member- involving  nancing and regulatory Last year Duane Morris instituted a CEO Bill Abromitis. “We put a lot of ef- ship and encourages employees to work work that had to be closed by the end policy for new parents, enabling them fort into training. Employees receive out without penalizing them for the time of the year. to reduce their billable hours in the clarity about their job, what their role is it takes to shower and grab a bite to eat. Within days the lawyer had put to- months before and after the baby ar- going to be.” “If you’re not healthy, “Abromitis says, gether a team of more than 20 from rives. Employees appreciate that they can “nothing else really matters.” around the country. “ e lawyers all Associate Keith St. Aubin, who wel- said, ‘What do you need?’ ey worked comed his third child in June, says he through the holidays, closed the deal, isn’t taking full advantage of the ben- and the client was ecstatic,” Weiss re- e t, “but it’s nice that it’s in place and calls. “At another  rm the lawyer would available,” he says. St. Aubin jokes that have been doing most of the work him- at his previous  rm, the ramp down self, and it would have been miserable.” was, “Hey guys, I have to go to the hos- e kind of camaraderie, as well as pital.” family-friendly policies, encourage e emphasis on family helps relieve people to stick around, and turnover the tensions that come with the job, St. is negligible. ere’s a summer event Aubin says. “ ey care about the peo- for families, and the  rm provides re- ple who work here, and that makes us Clune Chicago sta ers celebrated baseball’s opening day last year, showing their loyalty to the Cubs or the White Sox. sources to help  nd babysitters and el- care about each other and the  rm.” 28 AUGUST 10, 2020 • CRAIN’S CHICAGO BUSINESS

BEST LARGE COMPANIES BEST MIDSIZE COMPANIES

PARIVEDA SOLUTIONS 10TH MAGNITUDE What it does: Consulting | Location: Chicago | Employees What it does: Cloud consulting | Location: Chicago | Employees local/ U.S.: 86/119 | Voluntary turnover: 1% local/U.S.: 76/702 | Voluntary turnover: 13% | Perks: 20 PTO days, Perks: 18 PTO days, 401(k) match, $4,000 available per employee for training or conferences ESOP, paid sabbaticals for senior managers every five years Cloud computing specialists are In the hypercompetitive within the oce, the group last in high demand, so 10th Magnitude world of management consult- year launched a program that focuses on attracting and retaining ing, Pariveda Solutions aims to randomly pairs employees with people at the top of their game. foster a culture of transparency dierent senior managers for “ere are not many people who that minimizes hierarchy. e monthly one-on-one conversa- are very good at (cloud technolo- company encourages its con- tions over coee. “I start with gy)—yet,” says founder and CEO sultants to pursue their interests a personal question and then Alex Brown. And the company because that will enable them ask what the employee would knows recruiters regularly contact to serve clients well and gain re- like to see from management,” team members, so keeping the Every company brags about their culture. peat business and referrals. Princis says. “e conversation sta engaged and satis ed is para- A few even have the honor of someone else doing it for them. Employees are assigned to a could last a half-hour or more mount. grade level as- e consultancy, which Brown sociated with a founded a decade ago, works with salary, “so every- clients to migrate data to the Micro- body knows how soft Azure cloud. Migrating reduces much everybody dependence on servers and thereby For the second year in a row, Baker Tilly is proud to have been named one of makes,” says Vice enables companies to become fast- Crain’s 100 Best Places to Work in Chicago! President Sean er and more ecient; it also speeds Princis. “You the development of products and know what you’ll processes, Brown says. e Chicago be earning when company operates oces in New you progress to York, Seattle and Dallas, and has an the next level.” Pariveda, which translates advisory. tax. assurance. | bakertilly.com to complete or accurate knowl- BURWOOD GROUP Baker Tilly US, LLP, trading as Baker Tilly, is a member of the global network of Baker Tilly International Ltd., the members of which are separate edge in Sanskrit, Pariveda employees took their talents to the pottery wheel for an and independent legal entities. ©2020 Baker Tilly US, LLP What it does: IT consulting | Location: Chicago | Employees local/U.S.: specializes in Esprit de Femme event. technology with 143/247 Voluntary turnover: 16% | Perks: Unlimited PTO, 401(k) match, a focus on data analytics and than two hours.” ESOP, remote work machine learning. Pariveda looks for reasons to e company aims for a at celebrate, and more than major Harvey Miller has held four posi- management structure with milestones. “It’s not just con- tions since joining IT consultancy governance through a series of gratulating people after a year,” Burwood Group in 2015. Millen- “circles” that represent dierent Nawalaniec says. It can be more nial professionals like Miller often SPONSORED CONTENT modest accomplishments, such CRAIN’S CHICAGO BUSINESS constituencies such as consul- are disposed to move on from a job tants, management and women. as completing a key feature on if they’re not progressing quickly, 2020 One circle governs culture, a technology upgrade, or win- but Burwood has kept things inter- BEST including social events, inclu- ning an additional project from esting. PLACES TO WORK siveness and giving back to the an established client. “e team At rst Miller focused on tech- community and also assesses might go bowling after work,” nical work for clients. en he was C M SHANE CONSTRUCTION COMPANY “detriments” and “wins.” As- she says. promoted to engineering super- 9500 W. Bryn Mawr Ave., Suite 200, Rosemont sociate Mary Kate Nawalaniec Nawalaniec says she values visor, supporting a team. Now as 847-292-4300 | mcshane-construction.com says a detriment could be a sta the detailed review process ev- manager of IT and infrastructure, member speaking loudly on the ery six months “that helps you lab and demo, he phone. “We’ll suggest he or she understand what you need to directs dierent as- Company Culture at McShane Delivers Results schedule a room to make the work on.” And she appreciates pects of the business. call,” she says. A win could be a that it’s easy to tap the expertise “ey gave me the MCSHANE CONSTRUCTION COMPANY DOESN’T JUST BUILD Employees gather at last year’s golf outing that raises money for of colleagues. “I can schedule opportunity to grow, COMMERCIAL REAL ESTATE. It also builds relationships annual holiday party. charity. time on anyone’s calendar to so I wasn’t just do- with its colleagues, clients and communities. “We work to make To enhance relationships pick their brain,” she says. ing the same job,” he ourselves better each and every day,” says Mathew Dougherty, says. e consultan- executive vice president & regional manager at McShane—named cy specializes in one of Chicago’s Best Places to Work for 2020. METHODOLOGY health care but has branched out to - McShane builds multi-family and affordable housing communities, Who was eligible? used to collect information nancial services, food industrial facilities, public and private healthcare facilities, tness The Best Places to Work in about benefits, policies, practic- and logistics as well centers and of ce buildings. Based in Rosemont, the nationwide Chicago program was open to es and other general informa- as manufacturing. all publicly or privately held tion. Part two was a confidential contractor has four additional regional of ces and 180 employees. Burwood operates organizations, either for-profit 78-question employee survey nine oces and has sta members At McShane Construction, we or not-for-profit. To be eligible used to evaluate local employ- living in 22 states. Employees may As a family-owned business, empowering employees at all levels make positive contributions to the for consideration, organizations ees’ workplace experience and y to work at client sites or connect is a priority. McShane strives to provide every team member with community with volunteer nights at had to have at least 25 employ- culture. BCG collected data with clients or co-workers on vid- opportunities for professional growth. Mentors work with new the Greater Chicago Food Depository. ees working in the seven-coun- from the companies in October. eo, says President Jim Hart. Many employees. Generous employee bene ts programs include pro t ty area of Cook, DuPage, Kane, work remotely. sharing and tuition reimbursement. Lake, McHenry and Will in How was it scored? Like many consultancies, Bur- Illinois and Lake in Indiana. BCG combined the scores wood emphasizes training and Published employee totals are of the two surveys, with the career development, which is key This focus on relationships carries over to client interactions, as of October. employee responses making to retaining workers in the com- resulting in 75% of the rm’s business from repeat clients. up 75 percent of the total, and petitive labor market. “Millennials What criteria were used? conducted in-depth analysis to want to advance,” Hart says. “e Best Companies Group (BCG), determine the number of com- more our people bring value to our an independent workplace ex- panies that met its standard customers, the more we grow, and cellence research firm, conduct- of excellence. BCG separated that creates opportunities for our ed a two-part survey. Part one small (25 to 99 U.S. employees), sta.” Training ranges from techni- of the assessment consisted medium (100 to 249) and large cal to the soft skills needed to com- of an employer questionnaire, (250 or more) companies. municate with clients, he says. CRAIN’S CHICAGO BUSINESS • AUGUST 10, 2020 29

BEST LARGE COMPANIES BEST MIDSIZE COMPANIES

PARIVEDA SOLUTIONS 10TH MAGNITUDE What it does: Consulting | Location: Chicago | Employees What it does: Cloud consulting | Location: Chicago | Employees local/ U.S.: 86/119 | Voluntary turnover: 1% local/U.S.: 76/702 | Voluntary turnover: 13% | Perks: 20 PTO days, Perks: 18 PTO days, 401(k) match, $4,000 available per employee for training or conferences ESOP, paid sabbaticals for senior managers every five years Cloud computing specialists are operations center in Tulsa, Okla. Achievement Award to honor a within the oce, the group last in high demand, so 10th Magnitude Training and career develop- signicant contribution to the busi- year launched a program that focuses on attracting and retaining ment are at the top of the list when ness. randomly pairs employees with people at the top of their game. considering recruitment and reten- Nontechnical sta equally are di erent senior managers for “ere are not many people who tion, Brown says. e consultancy appreciated. When business devel- monthly one-on-one conversa- are very good at (cloud technolo- last year expanded its o erings, opment manager Madeline Kavoo- tions over co ee. “I start with gy)—yet,” says founder and CEO which include online classes as ras expressed interest in moving on a personal question and then Alex Brown. And the company well as peer mentoring. Engineers from her sales role last year, she was ask what the employee would knows recruiters regularly contact share case studies—projects that o ered the opportunity to work as like to see from management,” team members, so keeping the featured interesting or innovative a senior delivery manager, over- Princis says. “e conversation sta engaged and satised is para- solutions. “People learn about the seeing projects and managing re- could last a half-hour or more mount. new stu and can follow up and dig lationships with clients and Micro- e consultancy, which Brown in,” Brown says. “It’s a great way to soft. “Management worked to nd founded a decade ago, works with expose everyone to the problems a position, and I’m thrilled with the clients to migrate data to the Micro- we’re solving and also give (the en- role,” she says. soft Azure cloud. Migrating reduces gineers) recognition.” Although meetings at client sites dependence on servers and thereby 10th Magnitude nds other ways are mandatory, employees have the enables companies to become fast- to show appreciation. Team mem- option to work remotely. “But peo- er and more ecient; it also speeds bers who hit particular objectives ple like to come to the oce,” Ka- the development of products and or milestones receive “anks a vooras says. “ey sit in the kitch- processes, Brown says. e Chicago Million” jackets in company-logo en and talk about business or life. company operates oces in New orange. Last year, 10th Magnitude When you’re here, you’re in a safe York, Seattle and Dallas, and has an launched the Alex Brown Lifetime place. It feels like you’re at home.” Gilligan: World’s Best O ce Pug

BURWOOD GROUP Pariveda employees took their talents to the pottery wheel for an What it does: IT consulting | Location: Chicago | Employees local/U.S.: Esprit de Femme event. 143/247 | Voluntary turnover: 16% | Perks: Unlimited PTO, 401(k) match, than two hours.” ESOP, remote work Pariveda looks for reasons to celebrate, and more than major Harvey Miller has held four posi- Employees own a quarter of the milestones. “It’s not just con- tions since joining IT consultancy company through an employee gratulating people after a year,” Burwood Group in 2015. Millen- stock ownership plan, which mo- Nawalaniec says. It can be more nial professionals like Miller often tivates the sta . “We’re all own- modest accomplishments, such are disposed to move on from a job ers; we take it personally,” Miller as completing a key feature on if they’re not progressing quickly, says. Management shares nan- a technology upgrade, or win- but Burwood has kept things inter- cial results “to let employees know ning an additional project from esting. where we stand, if we’re on plan,” an established client. “e team At rst Miller focused on tech- Hart says. “We don’t want to su- might go bowling after work,” nical work for clients. en he was garcoat things, but we also want to she says. promoted to engineering super- celebrate when we do well.” Nawalaniec says she values visor, supporting a team. Now as Another perk is unlimited vaca- the detailed review process ev- manager of IT and infrastructure, tion, appreciated by the sta and ery six months “that helps you lab and demo, he understand what you need to directs di erent as- Employee volunteers are honored with a display and a reception. work on.” And she appreciates pects of the business. that it’s easy to tap the expertise “ey gave me the FIRST BANK OF HIGHLAND PARK of colleagues. “I can schedule opportunity to grow, time on anyone’s calendar to so I wasn’t just do- What it does: Banking | Location: Highland Park, Skokie | Employees local/U.S.: 132/132 | Voluntary pick their brain,” she says. ing the same job,” he turnover: 6% | Perks: 23 PTO days, 401(k) match, profit sharing, bonuses says. e consultan- First Bank of Highland Park commercial and industrial of senior managers. ey may cy specializes in showers its employees with projects and participates in not be known beyond their METHODOLOGY health care but has gifts of appreciation. Before deals with larger banks. Its department, and this provides branched out to - they even start, new hires re- retail operation serves con- exposure, he adds. used to collect information nancial services, food ceive at their home a can of sumers and businesses on the e benets are hard to about benefits, policies, practic- and logistics as well popcorn, plus a journal, pen North Shore—some custom- beat. For medical coverage, es and other general informa- as manufacturing. Burwood FC Soccer Team and business card holder. Sta ers date to the 1950s. the bank pays half of an em- tion. Part two was a confidential Burwood operates members get gift cards on “It’s the culture of a com- ployee’s yearly deductible. It 78-question employee survey nine oces and has sta members not abused, Hart says. “No one is their birthdays and work anni- munity bank and the sophisti- matches 401(k) accounts up to used to evaluate local employ- living in 22 states. Employees may taking a month o ,” he says. e versaries. For job promotions, cation of a commercial bank,” $11,500 a year and o ers prot ees’ workplace experience and y to work at client sites or connect message to employees: “We trust there’s a gift basket. says Eric Ephraim, president sharing and bonuses as well. culture. BCG collected data with clients or co-workers on vid- you, we empower you. But it’s a Lindsey Gill was amazed to and chief operating ocer. Sta members attending from the companies in October. eo, says President Jim Hart. Many two-way street. You have to per- receive a basket when she was First Bank attracts profession- school get tuition reimbursed work remotely. form. Our customers demand that promoted to her current po- als who are happy to escape the up to $5,250 a year. Employees How was it scored? Like many consultancies, Bur- we perform.” sition as retail operations re- bureaucracy and constraints of with children in college receive BCG combined the scores wood emphasizes training and Employees are given time o for porting administrator in 2018. larger institutions, he adds. $200 per year of service for up of the two surveys, with the career development, which is key community service. And Burwood “It was 39 pounds of fruit—an e intimate culture con- to ve years. Gym member- employee responses making to retaining workers in the com- teams with nonprot Genesys excessive amount of fruit,” she tributed to low voluntary turn- ships and tness programs are up 75 percent of the total, and petitive labor market. “Millennials Works to provide internships for says, still marveling at the gen- over of only 5 percent last year. reimbursed up to $300 a year. conducted in-depth analysis to want to advance,” Hart says. “e Chicago high school seniors, which erosity. Training and career develop- “We want people to feel determine the number of com- more our people bring value to our enables the students to explore ca- e family-owned institu- ment promote high retention. appreciated,” Ephraim says. panies that met its standard customers, the more we grow, and reer opportunities in technology. tion is one of the ve largest “We do things to give people “None of this works without of excellence. BCG separated that creates opportunities for our “Millennials want to contribute privately held banks in the visibility,” Ephraim says. For everyone doing their job well. small (25 to 99 U.S. employees), sta .” Training ranges from techni- beyond their job role,” Hart says. Chicago area, with assets of example, each month an em- It’s nice to be able to reward medium (100 to 249) and large cal to the soft skills needed to com- “ey want to be part of something more than $1.8 billion. e ployee is invited to present people for doing their job (250 or more) companies. municate with clients, he says. bigger than themselves.” bank lends for real estate, his or her work at a meeting well.” CRAIN’S CHICAGO BUSINESS

2020 30 AUGUST 10, 2020 • CRAIN’S CHICAGO BUSINESS BEST PLACES TO WORK SPONSORED CONTENT

2020 CRAIN’S CHICAGO BUSINESS BEST SMALL COMPANIES 2020

2020 2020

2020 BEST PLACES TO WORK GENECA What it does: Software development | Location: Oak Brook | Employees local/U.S.: 26/26 | Voluntary turnover: 10% Perks: 401(k) match, 18 PTO days, concierge service, $500 reimbursement for professional development FIRST BANK OF When employees at software such as how to grow a nest egg. time trying to spin your wheels on consultancy Geneca reach a level “We want everyone to have mon- it or lie about it.’ ” of accomplishment, their image ey,” he says. “I nudge them in the Geneca promotes cohesion HIGHLAND PARK is translated into a cartoon that is right direction. ‘Hey, you didn’t through get-togethers such as posted on the company website. max your IRA. I’m going to match “launch events” when a team has “It’s a badge of honor,” says CEO it.’ ” And the CEO even gives les- completed a client project. “It’s an 1835 First Street, Highland Park | 847-432-7800 | rstbankhp.com and founder Joel Basgall. “ere’s sons in dressing for success, of- opportunity to show o their stu, a ceremony. It’s fun.” fering his source for custom shirts get oohs and aahs,” Basgall says. Geneca has a full-time sta of 26 “almost the same price as buying at promotes good ideas that can 2019 FBHP summer Interns. and hires many of its employees, in the store,” and encouraging up- be applied to other work in prog- called “Genecians,” out of school. and-comers to buy consistently “so ress. Launch events, typically held Our Collaborative Culture Shines Through Basgall trains them not just in that they can build a wardrobe.” quarterly, are followed by an out- technology but in soft skills such A cornerstone of the Geneca ing for laser tag, a scavenger hunt CHALLENGING TIMES don’t change a SUPPORTING EMPLOYEES AND as listening and public speaking. culture is an understanding that or an escape room. workplace as much as shine a light on its COMMUNITY “Since we’re in the consulting mistakes happen and that em- en there’s the cartoon. To t underlying culture. world, not only do our employ- ployees won’t be thrown under the theme of quarterly meetings, First Bank of Highland Park supports its ees have to be able to do their job, the bus. “I was on a project a cou- the operations team Photoshops That’s certainly true at First Bank of workforce with generous bene ts and a they have to be able to interact,” he ple of years back where I messed the drawings—Nagle has been Highland Park, named one of Chicago’s Best variety of programs, such as a 401(k) match says. “How do they work with peo- up,” recalls senior architect Josh cast as a wizard and a pirate. “I’m Places to Work for 2020. and pro t sharing; continuing education; ple? Remember, they’re techies.” Nagle. “ere was zero time berat- always excited to nd out the and health and wellness reimbursements. Basgall and Geneca managers ing me. When it was over, (Basgall) theme,” Nagle says, “and I share it In just 48 hours, bank employees were coach young recruits in life skills said, ‘ank you for not wasting with my friends.” Michelangelo Sca di works from home with his daughter. able to launch the government’s Paycheck Marc Frye, vice president of commercial Protection Program (PPP) and provide real estate, has received college tuition loans to Chicago area businesses in the assistance for his kids. “Ownership is very wake of the pandemic. generous and provides college tuition assistance for children of employees,” Frye The effort involved a bank wide initiative says. “They are personally invested in the BOLD INSIGHT with resources being pulled from all future of my children.” departments. About 70% of the bank’s What it does: User experience research | Location: Chicago, Downers Grove employees worked on the development and Likewise, since 2017 the bank has | Employees local/U.S.: 31/31 | Voluntary turnover: 3% | Perks: 401(k) execution of the PPP program. “Because provided over $88 million in community Becky Fioretto, human resources specialist and Laurie Brown, vice president, Private Banking, volun- match, health care premiums covered after five years, holiday office closure our staff is empowered to make decisions, development loans, investments and grants we can pivot quickly to meet the needs of to surrounding communities. Annually, teering at Bernie’s Book Bank. our clients,” says Courtney Olson, senior employees collectively volunteer more On any given day, you might vice president, business banking. “In this than 3,500 hours of their time to good see a dog sleeping under the unforeseen situation, the team rallied and causes. And the bank distributed nearly 5% conference table at Bold In- made it happen.” of its net income in 2019 to 168 different sight’s downtown o ce. It start- nonpro t organizations throughout Lake ed with the company informally Through a team effort, the bank quickly and Cook Counties. supporting pet adoptions, says deployed $29.5 million in PPP loans (to Managing Partner Gavin Lew. date) to 275 Chicago area businesses and First Bank of Highland Park staff are “People were fostering animals nonpro t organizations. The average size known for their outstanding client service. and brought them in to get TLC,” of a PPP loan is about $107,000. As one Employees volunteered to work weekends Lew says. “Clients love it. Are grateful business owner emailed after and often logged 17-hour days to meet PPP receiving a loan: “You saved my business.” deadlines, notes Olson. During those long those really dogs in your o ce?” workdays, emails from clients reminded “erapy dogs” are just one First Bank of Highland Park is one of everyone why they were all working so hard. small part of the noncorporate the ve largest privately owned banks in “We work in an environment where caring culture at Bold Insight, a user Chicago. The bank focuses on building and giving are part of the culture,” she says. experience research agency with a sta of 35, including 11 Thanks-a-latte Celebration for the team partners. e company has of- An improv game during Be Bold Day ces in Downers Grove and WE WORK IN AN ENVIRONMENT WHERE downtown Chicago. greater share of health care pre- BALASA DINVERNO FOLTZ Launched two years ago, the miums for employees and their CARING AND GIVING ARE PART OF THE What it does: Wealth management | Location: Itasca | Employees local/U.S.: 60/60 | Voluntary turnover: company quickly evolved to dependents. After seven years Courtney Olson, senior vice president, Business Banking, with Kelcey Liverpool, Kids Rank executive become a Best Place to Work, employees have the chance to CULTURE.” COURTNEY OLSON, SENIOR VICE PRESIDENT, BUSINESS BANKING director, attending nonpro t banking seminar hosted by FBHP. 8% | Perks: 20 PTO days, paid sabbatical every five years, 401(k) match, early Friday closing in summer reducing turnover to 3 percent become a partner. last year from 23 percent the Employees appreciate man- Armond Dinverno, co-founder feel loved even though they’re tions, he never had taken the time year before. Lew attributes the agement’s responsiveness. For and president of wealth manage- not getting what they want,” Din- to step back and disconnect. “It’s improvement to hiring the right example, city-based sta mem- ment rm Balasa Dinverno Foltz, verno says. And BDF responds to a good opportunity to reect on career-focused professionals bers were uncertain whether long-term relationships with its clients “Meeting the nancial needs of our clients tries to take new employees out to millennial requests for continu- where you’re going in your life,” and providing the training to they were obligated to cover the which represent large, mid-sized and small is what we do.” lunch on their rst day of work. “I ous feedback. “e idea that you he says. Many sta members help them succeed. cost of a daytrip to the Downers companies, as well as nonpro t groups. tell them there’s no agenda,” Din- would wait six months to hear travel, and when they return, they e rm hires employees be- Grove o ce. “We brought it up It’s personal too. Olson has been working With assets now totaling $1.95 billion, remotely from home since March 12 verno says. “I just want to tell you what you did wrong—how uplift- share their adventures and place fore projects begin, providing to Gavin and the directors, and the bank has a consistent track record of and has an eight-year-old son. Between how important you are to us and ing is that?” he says. a sticker on where they’ve been time to learn company pro- they implemented a policy cov- growth. With a 3rd banking center recently conference calls, she made time to teach appreciate your joining our rm.” While culture is paramount, on a map in a common area. cesses. “at way, when they’re ering mileage reimbursement opened in Skokie, the bank now has 139 second grade math. Echoing the sentiments In today’s tight labor market, the benets and perks help. For e company recently assigned to a job, it’s not all or the cost of a car rental,” says employees. Last year, 26 new employees of other employees, she says: “The bank it’s especially important to show example, every employee re- changed its retirement program, new and they’re a deer in the Shelly Holbrook, senior user were added, and 20 others were promoted has been incredibly supportive, both employees they are appreciated, ceives four weeks’ paid time o adding a 401(k) match in lieu of headlights,” he says. At compa- experience researcher. “It’s an from within. professionally and personally, which is very Dinverno says. e Itasca wealth after a year. at’s valuable for annual prot sharing. Dinverno nies Lew worked for in the past, example of management taking comforting.” management rm, founded in Michele Murphy, director of tal- says the company always paid hiring couldn’t begin until new feedback and making it better.” Becky Fioretto started as an intern at the bank 1986, has a sta of 64 including 15 ent experience, who joined the prot sharing even though it was business was conrmed. “By Holbrook took advantage of in her senior year of college and, after several owner partners. company last year. “If I need to discretionary. But the change is the time the candidate accepts the pro-pup culture and brought promotions, is now human resource specialist. is philosophy involves show- handle family obligations, I have benecial because it takes away the oer, the project has begun her toy poodle to the o ce be- “I have a career path with a company that has ing care to employees in stressful the exibility to do so,” she says. uncertainty. and the new employee is play- fore the holiday break. “I wanted an excellent work environment,” says Fioretto. as well as celebratory times. Four years ago, BDF began “As a wealth management ing catch-up.” to see how he would do—he can “We are family here.” When a sta member doesn’t oering employees a paid four- company, we help clients plan Bold Insight retains employ- be high-strung,” Holbrook says. get the promotion or raise he or week sabbatical every ve years. for retirement,” Murphy says. “Of ees, in part, by improving their “He ran around saying hi to ev- she is expecting, “you treat them Dinverno says he realized that course we want to encourage that benets. Over the course of sev- eryone and took turns sitting in Jill Takiff Hirsh, FBHP chairman, and Skokie Mayor George Van Dusen at First Bank Chicago ribbon with thankfulness so that they while he had taken regular vaca- with our team.” en years, the company pays a people’s laps.” cutting ceremony. CRAIN’S CHICAGO BUSINESS

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2020 BEST PLACES TO WORK FIRST BANK OF HIGHLAND PARK

1835 First Street, Highland Park | 847-432-7800 | rstbankhp.com

2019 FBHP summer Interns. Our Collaborative Culture Shines Through

CHALLENGING TIMES don’t change a SUPPORTING EMPLOYEES AND workplace as much as shine a light on its COMMUNITY underlying culture. First Bank of Highland Park supports its That’s certainly true at First Bank of workforce with generous bene ts and a Highland Park, named one of Chicago’s Best variety of programs, such as a 401(k) match Places to Work for 2020. and pro t sharing; continuing education; and health and wellness reimbursements. In just 48 hours, bank employees were able to launch the government’s Paycheck Marc Frye, vice president of commercial Protection Program (PPP) and provide real estate, has received college tuition loans to Chicago area businesses in the assistance for his kids. “Ownership is very wake of the pandemic. generous and provides college tuition assistance for children of employees,” Frye The effort involved a bank wide initiative says. “They are personally invested in the with resources being pulled from all future of my children.” departments. About 70% of the bank’s employees worked on the development and Likewise, since 2017 the bank has execution of the PPP program. “Because provided over $88 million in community our staff is empowered to make decisions, development loans, investments and grants Becky Fioretto, human resources specialist and Laurie Brown, vice president, Private Banking, volun- we can pivot quickly to meet the needs of to surrounding communities. Annually, teering at Bernie’s Book Bank. our clients,” says Courtney Olson, senior employees collectively volunteer more vice president, business banking. “In this than 3,500 hours of their time to good unforeseen situation, the team rallied and causes. And the bank distributed nearly 5% made it happen.” of its net income in 2019 to 168 different nonpro t organizations throughout Lake Through a team effort, the bank quickly and Cook Counties. deployed $29.5 million in PPP loans (to date) to 275 Chicago area businesses and First Bank of Highland Park staff are nonpro t organizations. The average size known for their outstanding client service. of a PPP loan is about $107,000. As one Employees volunteered to work weekends grateful business owner emailed after and often logged 17-hour days to meet PPP receiving a loan: “You saved my business.” deadlines, notes Olson. During those long workdays, emails from clients reminded First Bank of Highland Park is one of everyone why they were all working so hard. the ve largest privately owned banks in “We work in an environment where caring Chicago. The bank focuses on building and giving are part of the culture,” she says.

WE WORK IN AN ENVIRONMENT WHERE CARING AND GIVING ARE PART OF THE CULTURE.” Courtney Olson, senior vice president, Business Banking, with Kelcey Liverpool, Kids Rank executive COURTNEY OLSON, SENIOR VICE PRESIDENT, BUSINESS BANKING director, attending nonpro t banking seminar hosted by FBHP.

long-term relationships with its clients “Meeting the nancial needs of our clients which represent large, mid-sized and small is what we do.” companies, as well as nonpro t groups. It’s personal too. Olson has been working With assets now totaling $1.95 billion, remotely from home since March 12 the bank has a consistent track record of and has an eight-year-old son. Between growth. With a 3rd banking center recently conference calls, she made time to teach opened in Skokie, the bank now has 139 second grade math. Echoing the sentiments employees. Last year, 26 new employees of other employees, she says: “The bank were added, and 20 others were promoted has been incredibly supportive, both from within. professionally and personally, which is very comforting.” Becky Fioretto started as an intern at the bank in her senior year of college and, after several promotions, is now human resource specialist. “I have a career path with a company that has an excellent work environment,” says Fioretto. “We are family here.”

Jill Takiff Hirsh, FBHP chairman, and Skokie Mayor George Van Dusen at First Bank Chicago ribbon cutting ceremony.

FBH_FULL.indd 11 8/7/20 4:48 PM 32 AUGUST 10, 2020 • CRAIN’S CHICAGO BUSINESS CRAIN’S LIST BEST PLACES TO WORK Active diversity Average Perks Active diversity Average Chicago hiring and Percentage annual salary, 100% paid health Chicago hiring and Percentage annual salary, 100% paid health Organization employees; Voluntary retention of female exempt Flexible Career insurance Organization employees; Voluntary retention of female exempt Flexible Career insurance Location Industry U.S. employees turnover practices executives employees hours advancement 401(k) match premiums Unlimited PTO Location Industry U.S. employees turnover practices executives employees hours advancement 401(k) match premiums Unlimited PTO GENECA Technology 26 10% Yes 50% $100,000 4 4 4 EPSILON Consulting 27 11% No 33% NA 4 4 4 4 1 Oak Brook 26 18 Loop 27 BALASA DINVERNO FOLTZ Financial services 60 8% Yes 71% NA 4 4 4 BIG CONSTRUCTION Construction 27 0% Yes 0% $119,000 4 4 2 Itasca 60 19 West Loop 27 CLUNE CONSTRUCTION Construction 171 7% Yes NA NA 4 4 4 4 NA YCHARTS Technology 39 15% Yes 14% NA 4 4 NA 3 River West 522 20 River North 51 BOLD INSIGHT Consulting 31 3% No 60% $115,000 4 4 4 4 3RED PARTNERS Financial services 53 0% Yes 10% $150,000 4 4 4 4 4 4 Loop, Downers Grove 31 21 Loop 53 10TH MAGNITUDE Consulting 86 1% No 11% $131,670 4 4 4 4 FIRST BANK OF HIGHLAND Banking 132 6% Yes 31% $172,135 4 4 5 Loop 119 22 PARK Highland Park, Skokie 132 SALEM GROUP Sta ng 32 3% Yes 50% $76,718 4 4 TOPSTEP Financial services 46 NA Yes 60% $79,146 4 4 6 Oakbrook Terrace, Loop 71 23 West Loop 46 JUNO LOGISTICS Transportation 36 5% No 50% $75,000 4 4 NA EBCO Manufacturing 32 10% Yes 50% $75,000 4 4 4 4 7 Itasca 36 24 Elgin 39 RADIO FLYER Consumer 77 13% Yes 38% NA 4 4 4 4 NA CENTRO Technology 242 22% Yes 55% $92,000 4 4 4 8 Galewood products 77 25 Loop 608 KINDLE COMMUNICATIONS Advertising/PR/ 46 7% Yes 55% Not 4 4 4 REAL RESTORATION GROUP Construction 25 NA No 35% NA 4 NA 9 West Loop marketing 46 applicable 26 West Town 25 DUANE MORRIS Legal 82 0% Yes 0% Not 4 4 YORK SOLUTIONS Consulting 26 10% Yes 20% NA 4 4 4 10 Loop 1,433 applicable 27 Western suburbs 78 PARIVEDA SOLUTIONS Consulting 76 13% Yes 40% $141,644 4 4 4 OPEX ANALYTICS Consulting 94 5% Yes 20% NA 4 4 4 NA 11 Loop 702 28 River North 94 BURWOOD GROUP Consulting 143 16% Yes 30% $118,279 4 4 4 SKENDER Construction 256 12% Yes 15% $120,973 4 4 4 NA 12 Loop 247 29 West Loop 256 RYAN COS. U.S. Construction 83 NA Yes 0% NA 4 4 4 BLUEDOG DESIGN Advertising/PR/ 34 8% No 66% $115,000 4 4 NA 13 Naperville 1,300 30 Fulton Market marketing 34 AVIONOS Consulting 66 15% Yes 0% $117,000 4 4 4 POPULUS GROUP Sta ng 61 14% Yes 17% $68,488 4 4 4 14 Loop 66 31 Lisle 298 INSPERITY HR services 68 NA No NA NA 4 4 SMOKEBALL Technology 62 10% Yes 71% $74,000 4 4 NA 15 Downtown Chicago, Rosemont, 3,400 32 Loop 62 Bualo Grove, Downers Grove RYAN Tax services 80 12% No 25% $104,655 4 4 4 ORIGAMI RISK Technology 124 3% Yes 21% $110,000 4 4 4 NA 33 Loop, Downers Grove 1,777 16 Loop 296 PSC GROUP Consulting 57 6% No 30% $122,000 4 4 4 4 NA BUILTECH SERVICES Construction 78 5% Yes 25% $94,000 4 4 4 34 Schaumburg 73 17 Schaumburg 78

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Active diversity Average Active diversity Average Perks Chicago hiring and Percentage annual salary, 100% paid health Chicago hiring and Percentage annual salary, 100% paid health Organization employees; Voluntary retention of female exempt Flexible Career insurance Organization employees; Voluntary retention of female exempt Flexible Career insurance Location Industry U.S. employees turnover practices executives employees hours advancement 401(k) match premiums Unlimited PTO Location Industry U.S. employees turnover practices executives employees hours advancement 401(k) match premiums Unlimited PTO GENECA Technology 26 10% Yes 50% $100,000 4 4 4 EPSILON ECONOMICS Consulting 27 11% No 33% NA 4 4 4 4 1 Oak Brook 26 18 Loop 27 BALASA DINVERNO FOLTZ Financial services 60 8% Yes 71% NA 4 4 4 BIG CONSTRUCTION Construction 27 0% Yes 0% $119,000 4 4 2 Itasca 60 19 West Loop 27 CLUNE CONSTRUCTION Construction 171 7% Yes NA NA 4 4 4 4 NA YCHARTS Technology 39 15% Yes 14% NA 4 4 NA 3 River West 522 20 River North 51 BOLD INSIGHT Consulting 31 3% No 60% $115,000 4 4 4 4 3RED PARTNERS Financial services 53 0% Yes 10% $150,000 4 4 4 4 4 4 Loop, Downers Grove 31 21 Loop Read the sponsored spotlight 53 10TH MAGNITUDE Consulting 86 1% No 11% $131,670 4 4 4 4 FIRST BANK OF HIGHLAND on Page 31. Also, watch the spon- Banking 132 6% Yes 31% $172,135 4 4 5 Loop 119 22 PARK Highland Park, Skokie sored spotlight video profile and 132 check out the jobs link at 4 4 TOPSTEP Financial services 46 NA Yes 60% $79,146 4 4 SALEM GROUP Sta ng 32 3% Yes 50% $76,718 ChicagoBusiness.com/BPTW. 6 Oakbrook Terrace, Loop 71 23 West Loop 46 JUNO LOGISTICS Transportation 36 5% No 50% $75,000 4 4 NA EBCO Manufacturing 32 10% Yes 50% $75,000 4 4 4 4 7 Itasca 36 24 Elgin 39 RADIO FLYER Consumer 77 13% Yes 38% NA 4 4 4 4 NA CENTRO Technology 242 22% Yes 55% $92,000 4 4 4 8 Galewood products 77 25 Loop 608 KINDLE COMMUNICATIONS Advertising/PR/ 46 7% Yes 55% Not 4 4 4 REAL RESTORATION GROUP Construction 25 NA No 35% NA 4 NA 9 West Loop marketing 46 applicable 26 West Town 25 DUANE MORRIS Legal 82 0% Yes 0% Not 4 4 YORK SOLUTIONS Consulting 26 10% Yes 20% NA 4 4 4 10 Loop 1,433 applicable 27 Western suburbs 78 PARIVEDA SOLUTIONS Consulting 76 13% Yes 40% $141,644 4 4 4 OPEX ANALYTICS Consulting 94 5% Yes 20% NA 4 4 4 NA 11 Loop 702 28 River North 94 BURWOOD GROUP Consulting 143 16% Yes 30% $118,279 4 4 4 SKENDER Construction 256 12% Yes 15% $120,973 4 4 4 NA 12 Loop 247 29 West Loop 256 RYAN COS. U.S. Construction 83 NA Yes 0% NA 4 4 4 BLUEDOG DESIGN Advertising/PR/ 34 8% No 66% $115,000 4 4 NA 13 Naperville 1,300 30 Fulton Market marketing 34 AVIONOS Consulting 66 15% Yes 0% $117,000 4 4 4 POPULUS GROUP Sta ng 61 14% Yes 17% $68,488 4 4 4 14 Loop 66 31 Lisle 298 INSPERITY HR services 68 NA No NA NA 4 4 SMOKEBALL Technology 62 10% Yes 71% $74,000 4 4 NA 15 Downtown Chicago, Rosemont, 3,400 32 Loop 62 Bualo Grove, Downers Grove RYAN Tax services 80 12% No 25% $104,655 4 4 4 ORIGAMI RISK Technology 124 3% Yes 21% $110,000 4 4 4 NA 33 Loop, Downers Grove 1,777 16 Loop 296 PSC GROUP Consulting 57 6% No 30% $122,000 4 4 4 4 NA BUILTECH SERVICES Construction 78 5% Yes 25% $94,000 4 4 4 34 Schaumburg 73 17 Schaumburg 78

CHICAGO

LOS ANGELES

NEW YORK

SAN FRANCISCO

PROUD TO BE A CRAIN’S CHICAGO BUSINESS WASHINGTON, DC 2020 Best Place to Work

CONGRATS TO ALL OF THE GREAT COMPANIES CLUNEGC.CO ON THE 2020 BEST PLACES TO WORK LIST M

ABOUT CLUNE Clune Construction is an employee-owned, national general contractor, providing construction management VHUYLFHVIRUVRPHRIWKHPRVWUHVSHFWHGFRPSDQLHVLQWKHZRUOG:LWKÀYHRIÀFHVDFURVVWKH86&OXQHPDQDJHVRYHU billion in commercial and mission-critical projects annually and is consistently a top Best Place to Work in all markets. 34 AUGUST 10, 2020 • CRAIN’S CHICAGO BUSINESS CRAIN’S LIST BEST PLACES TO WORK Active diversity Average Perks Active diversity Average Chicago hiring and Percentage annual salary, 100% paid health Chicago hiring and Percentage annual salary, 100% paid health Organization employees; Voluntary retention of female exempt Flexible Career insurance Organization employees; Voluntary retention of female exempt Flexible Career insurance Location Industry U.S. employees turnover practices executives employees hours advancement 401(k) match premiums Unlimited PTO Location Industry U.S. employees turnover practices executives employees hours advancement 401(k) match premiums Unlimited PTO MOWERY & SCHOENFELD Accounting 81 6% No 0% $65,000 444 4 ALL CAMPUS Education 87 3% Yes 30% $82,268 444 35 North Shore 81 52 Loop 87 OFFICE REVOLUTION O ce furniture 74 12% Yes 34% $88,000 444 INTEGRATED PROJECT MANAGEMENT Consulting 98 12% No 25% NA 4444NA 36 Downtown Chicago, Bannockburn 79 53 Southwest suburbs 204 TEGUS Technology 38 3% Yes 20% $130,000 44 4 EVERGREEN BANK GROUP Banking 100 8% Yes 33% NA 44 NA 37 Loop 38 54 Oak Brook, Hinsdale, Evergreen Park 149 ADAGE TECHNOLOGIES Consulting 67 16% Yes 17% $98,000 444 IMPACT NETWORKING Technology 524 6% Yes 25% $75,000 44 38 West Loop 67 55 Downtown Chicago, Fulton Market, 710 BAKER TILLY VIRCHOW KRAUSE Accounting 380 14% Yes NA NA 444 4 Lake Forest, Bolingbrook, Hammond 39 Loop 3,838 PROPER TITLE Real estate 68 5% Yes 50% $75,000 44 BOS O ce furniture 127 2% No 60% $61,595 444 NA 56 Loop, Irving Park, Bucktown 68 40 Roselle 182 OBJECTIVE PARADIGM Sta ng 46 10% Yes 29% $77,000 444 M. HOLLAND Distribution 133 6% Yes 13% $124,400 444 57 Loop 48 41 Northbrook 247 GLENSTAR ASSET MANAGEMENT Real estate 38 5% Yes 38% $104,000 444 BOUNTEOUS Technology 140 3% Yes 16% NA 44444 58 Loop, O’Hare market, Rolling Meadows, 49 42 Ravenswood 309 Schaumburg, Bannockburn, Lincolnshire KLEIN & HOFFMAN Engineering 53 3% Yes 33% $102,800 444 NA MAGENIUM SOLUTIONS Consulting 55 1% Yes 40% $100,000 44 43 Loop Read the sponsored spotlight 54 59 Glen Ellyn 55 DLC below and check out the jobs link Financial services 64 18% No 40% $141,000 44 4 AVANT Technology 83 3% No 10% $80,000 44 at ChicagoBusiness.com/BPTW. 44 Loop 194 60 Loop 83 HORIZON THERAPEUTICS Life science/ 421 13% Yes 18% $125,000 444 SASSER FAMILY COS. Logistics 199 11% Yes 13% $119,266 444 NA 45 Lake Forest biotechnology 1,001 61 Schaumburg 329 BENCHPREP Technology 93 7% No 41% NA 444 NA ADVANCED CLINICAL Sta ng 58 32% Yes NA NA 444 46 Loop 93 62 Deereld 206 WEST MONROE PARTNERS Consulting 871 14% Yes 14% NA 444 4 NEIGHBORHOOD LOANS Financial services 141 NA Yes 0% NA 4 NA 47 Loop 1,390 63 Bucktown, Old Irving Park, West Elsdon, Lombard 203 OPTIMA Watch the sponsored spotlight video Real estate 29 5% No 29% $119,000 444 NA INFUTOR DATA SOLUTIONS Technology 70 3% Yes 0% $118,000 4 44NA 48 Glencoe profile and check out the jobs link at 85 64 Oakbrook Terrace, Loop 94 ChicagoBusiness.com/BPTW. WALKER SANDS Advertising/PR/ 127 8% Yes 42% $74,000 44 4 LEAHY IFP Manufacturing 43 5% Yes 0% NA 44 49 Loop marketing 138 65 Glenview 43 NEIGHBORHOODS.COM Technology 80 23% Yes 22% $88,590 4 4 NEW HOME STAR Real estate 36 8% No 33% $64,554 444 NA 50 West Loop 80 66 Elmhurst 417 ASSURANCE Financial services 503 10% Yes 40% $129,673 444 LOGICGATE Technology 75 5% Yes 17% NA 4 NA 51 Schaumburg, Loop 529 67 River North 75

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CRAIN’S CHICAGO BUSINESS DLC’s bench strength has been advantageous through the pandemic and 2020 consultants have seamlessly transitioned BEST to offsite remote work over the last few PLACES TO WORK months. “We’re thinking outside the box,” says Sara Vigeland, senior vice president of - Making an Impact human capital. “We haven’t missed a beat.”

With a diverse blend of clients, the Chicago THE DLC GROUP of ce has maintained an average 92% With a bank-wide culture of caring and giving, utilization of its consultants through the 125 South Wacker Dr., 27th Fl., Chicago | 888-957-3400 | dlcinc.com crisis. They’re proactive in their outreach DLC Chicago’s consultant and family summer our team delivers their expertise far beyond our doors. to clients, Ayala says. “We’ve bene tted picnic at Brook eld Zoo. DLC Builds Bench Strength from the caliber of the people we hire.” The longevity of the staff speaks to the SUCCESSFUL TEAMS RELY ON THE The bench model at DLC is distinct. collaborative and supportive working POWER OF THEIR BENCH STRENGTH. The credential-based hiring rm only environment. About 70% of the workforce That applies to business too. A professional employs Big 4 CPAs and top MBAs. All has been with the rm more than ve staff can move into positions of years. They also volunteer to help the responsibility when required, a big bene t wider community by in dif cult times. OUR CONSULTANTS ARE sponsoring several service EMPLOYEES WHETHER THEY’RE projects throughout the The DLC Group has bench strength—a ASSIGNED TO AN ON-SITE CLIENT year. reason why the consulting rm is one of DLC annual consultant and family gift bags for Chicago’s Best Places to Work for 2020. PROJECT OR NOT.” After several years, Raheel seniors event. -MARCIA AYALA, managing director, THE DLC GROUP Patel was promoted to The rm offers nance and accounting client service director. staf ng and consulting services to clients “I’ve had an amazing ranging from start-ups to the Fortune of the consultants are full-time salaried opportunity to grow and challenge myself,” 1000. DLC is owned by the Addison Group, employees with generous bene ts while he says. “That’s a big advantage of what a leading professional services rm. under the security of an employment DLC offers.” agreement. “Our consultants are With of ces in Chicago and California, employees whether they’re assigned to an *Community Impact number calculated since 2017. DLC has 170 consultants nationwide. The on-site client project or not,” says Marcia Chicago headquarters has 65 consultants Ayala, managing director of the Chicago FIRST BANK OF HIGHLAND PARK FIRST BANK OF HIGHLAND PARK FIRST BANK CHICAGO WWW.FIRSTBANKHP.COM 1835 First Street 633 Skokie Blvd. 8833 Gross Point Road, Suite #202 within its practice. of ce. WWW.FIRSTBANKCHICAGO.COM Highland Park, IL 60035 Northbrook, IL 60062 Skokie, IL 60077 DLC quarterly happy hour for consultants and (847) 432-7800 (847) 272-1300 (847) 272-7800 internal team members. CRAIN’S CHICAGO BUSINESS • AUGUST 10, 2020 35

Active diversity Average Active diversity Average Perks Chicago hiring and Percentage annual salary, 100% paid health Chicago hiring and Percentage annual salary, 100% paid health Organization employees; Voluntary retention of female exempt Flexible Career insurance Organization employees; Voluntary retention of female exempt Flexible Career insurance Location Industry U.S. employees turnover practices executives employees hours advancement 401(k) match premiums Unlimited PTO Location Industry U.S. employees turnover practices executives employees hours advancement 401(k) match premiums Unlimited PTO MOWERY & SCHOENFELD Accounting 81 6% No 0% $65,000 444 4 ALL CAMPUS Education 87 3% Yes 30% $82,268 444 35 North Shore 81 52 Loop 87 OFFICE REVOLUTION O ce furniture 74 12% Yes 34% $88,000 444 INTEGRATED PROJECT MANAGEMENT Consulting 98 12% No 25% NA 4444NA 36 Downtown Chicago, Bannockburn 79 53 Southwest suburbs 204 TEGUS Technology 38 3% Yes 20% $130,000 44 4 EVERGREEN BANK GROUP Banking 100 8% Yes 33% NA 44 NA 37 Loop 38 54 Oak Brook, Hinsdale, Evergreen Park 149 ADAGE TECHNOLOGIES Consulting 67 16% Yes 17% $98,000 444 IMPACT NETWORKING Technology 524 6% Yes 25% $75,000 44 38 West Loop 67 55 Downtown Chicago, Fulton Market, 710 BAKER TILLY VIRCHOW KRAUSE Accounting 380 14% Yes NA NA 444 Lake Forest, Bolingbrook, Hammond 39 Loop 3,838 PROPER TITLE Real estate 68 5% Yes 50% $75,000 44 BOS O ce furniture 127 2% No 60% $61,595 444 NA 56 Loop, Irving Park, Bucktown 68 40 Roselle 182 OBJECTIVE PARADIGM Sta ng 46 10% Yes 29% $77,000 444 M. HOLLAND Distribution 133 6% Yes 13% $124,400 444 57 Loop 48 41 Northbrook 247 GLENSTAR ASSET MANAGEMENT Real estate 38 5% Yes 38% $104,000 444 BOUNTEOUS Technology 140 3% Yes 16% NA 44444 58 Loop, O’Hare market, Rolling Meadows, 49 42 Ravenswood 309 Schaumburg, Bannockburn, Lincolnshire KLEIN & HOFFMAN Engineering 53 3% Yes 33% $102,800 444 NA MAGENIUM SOLUTIONS Consulting 55 1% Yes 40% $100,000 44 43 Loop 54 59 Glen Ellyn 55 DLC Financial services 64 18% No 40% $141,000 44 4 AVANT Technology 83 3% No 10% $80,000 44 44 Loop 194 60 Loop 83 HORIZON THERAPEUTICS Life science/ 421 13% Yes 18% $125,000 444 SASSER FAMILY COS. Logistics 199 11% Yes 13% $119,266 444 NA 45 Lake Forest biotechnology 1,001 61 Schaumburg 329 BENCHPREP Technology 93 7% No 14% NA 44 NA ADVANCED CLINICAL Sta ng 58 32% Yes NA NA 444 46 Loop 93 62 Deereld 206 WEST MONROE PARTNERS Consulting 871 14% Yes 14% NA 444 4 NEIGHBORHOOD LOANS Financial services 141 NA Yes 0% NA 4 NA 47 Loop 1,390 63 Bucktown, Old Irving Park, West Elsdon, Lombard 203 OPTIMA Real estate 29 5% No 29% $119,000 444 NA INFUTOR DATA SOLUTIONS Technology 70 3% Yes 0% $118,000 4 44NA 48 Glencoe 85 64 Oakbrook Terrace, Loop 94 WALKER SANDS Advertising/PR/ 127 8% Yes 42% $74,000 44 4 LEAHY IFP Manufacturing 43 5% Yes 0% NA 44 49 Loop marketing 138 65 Glenview 43 NEIGHBORHOODS.COM Technology 80 23% Yes 22% $88,590 4 4 NEW HOME STAR Real estate 36 8% No 33% $64,554 444 NA 50 West Loop 80 66 Elmhurst 417 ASSURANCE Financial services 503 10% Yes 40% $129,673 444 LOGICGATE Technology 75 5% Yes 17% NA 4 NA 51 Schaumburg, Loop 529 67 River North 75

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CRAIN’S CHICAGO BUSINESS DLC’s bench strength has been advantageous through the pandemic and 2020 consultants have seamlessly transitioned BEST to offsite remote work over the last few PLACES TO WORK months. “We’re thinking outside the box,” says Sara Vigeland, senior vice president of - Making an Impact human capital. “We haven’t missed a beat.”

With a diverse blend of clients, the Chicago THE DLC GROUP of ce has maintained an average 92% With a bank-wide culture of caring and giving, utilization of its consultants through the 125 South Wacker Dr., 27th Fl., Chicago | 888-957-3400 | dlcinc.com crisis. They’re proactive in their outreach DLC Chicago’s consultant and family summer our team delivers their expertise far beyond our doors. to clients, Ayala says. “We’ve bene tted picnic at Brook eld Zoo. DLC Builds Bench Strength from the caliber of the people we hire.” The longevity of the staff speaks to the SUCCESSFUL TEAMS RELY ON THE The bench model at DLC is distinct. collaborative and supportive working POWER OF THEIR BENCH STRENGTH. The credential-based hiring rm only environment. About 70% of the workforce That applies to business too. A professional employs Big 4 CPAs and top MBAs. All has been with the rm more than ve staff can move into positions of years. They also volunteer to help the responsibility when required, a big bene t wider community by in dif cult times. OUR CONSULTANTS ARE sponsoring several service EMPLOYEES WHETHER THEY’RE projects throughout the The DLC Group has bench strength—a ASSIGNED TO AN ON-SITE CLIENT year. reason why the consulting rm is one of DLC annual consultant and family gift bags for Chicago’s Best Places to Work for 2020. PROJECT OR NOT.” After several years, Raheel seniors event. -MARCIA AYALA, managing director, THE DLC GROUP Patel was promoted to The rm offers nance and accounting client service director. staf ng and consulting services to clients “I’ve had an amazing ranging from start-ups to the Fortune of the consultants are full-time salaried opportunity to grow and challenge myself,” 1000. DLC is owned by the Addison Group, employees with generous bene ts while he says. “That’s a big advantage of what a leading professional services rm. under the security of an employment DLC offers.” agreement. “Our consultants are With of ces in Chicago and California, employees whether they’re assigned to an *Community Impact number calculated since 2017. DLC has 170 consultants nationwide. The on-site client project or not,” says Marcia Chicago headquarters has 65 consultants Ayala, managing director of the Chicago FIRST BANK OF HIGHLAND PARK FIRST BANK OF HIGHLAND PARK FIRST BANK CHICAGO WWW.FIRSTBANKHP.COM 1835 First Street 633 Skokie Blvd. 8833 Gross Point Road, Suite #202 within its practice. of ce. WWW.FIRSTBANKCHICAGO.COM Highland Park, IL 60035 Northbrook, IL 60062 Skokie, IL 60077 DLC quarterly happy hour for consultants and (847) 432-7800 (847) 272-1300 (847) 272-7800 internal team members. CRAIN’S CHICAGO BUSINESS

2020 36 AUGUST 10, 2020 • CRAIN’S CHICAGO BUSINESS BEST PLACES TO WORK SPONSORED CONTENT

2020 CRAIN’S LIST BEST PLACES TO WORK CRAIN’S CHICAGO BUSINESS 2020 Active diversity Average Perks Chicago hiring and Percentage annual salary, 100% paid health 2020 2020 Organization employees; Voluntary retention of female exempt Flexible Career insurance Location Industry U.S. employees turnover practices executives employees hours 2020 advancement 401(k) match premiums Unlimited PTO BEST STRIVE CONSULTING Consulting 73 15% Yes 25% $95,014 4 4 4 PLACES TO WORK 68 River North 114 AGENCY H5 Advertising/PR/ 27 16% Yes 100% $90,000 4 4 4 NA 69 Loop marketing 27 RALPH H. SIMPSON Manufacturing 28 0% No 40% $86,000 70 Elmhurst 28 MESIROW 8TH LIGHT Technology 84 15% Yes 20% NA 4 4 71 Loop 125 HUNT CLUB Technology 53 5% Yes 25% $86,285 4 4 4 72 River North 53 FINANCIAL ALTAIR ADVISERS Financial services 54 8% No 41% $136,000 NA 73 Loop 54 353 N. Clark St., Chicago | 312-595-6000 | mesirow nancial.com MCSHANE CONSTRUCTION Read the sponsored spotlight Construction 91 8% Yes 18% $112,330 4 4 Mesirow employees engage with and mentor students in CPS schools on a regular basis, through our 74 Rosemont profile on Page 28. 196 Values in Action Days, ongoing Big Brothers Big Sisters and Big Shoulders Fund programs and other ROOT Consulting 30 1% Yes 29% $60,504 4 4 opportunities. 75 Loop 174 Mesirow Financial: We Think and Act as Owners REDWOOD CAPTIAL GROUP Real estate 28 0% Yes 33% $129,000 4 4 4 NA 76 Loop 108 EMPLOYEE OWNERSHIP SAYS A • Alignment of employee values with MEDIAFLY Technology 80 1% Yes 12% $134,000 4 4 4 LOT ABOUT A COMPANY. It means that broader corporate responsibility. Grassroots 77 Loop 80 employees are invested in their company, initiatives include drives, fundraisers, team LASALLE NETWORK Sta ng 216 43% Yes 60% $64,046 4 4 NA their jobs, and their clients. This alignment challenges, volunteerism, and matched 78 Loop 223 of interests, and mutual trust, leads to donation programs. SHOP SMART Advertising/PR/ 81 10% Yes 50% $89,050 4 4 4 NA success. • Corporate events such as annual awards 79 River North marketing 84 honoring employee excellence. As an employee-owned rm, Mesirow BEACON HILL STAFFING GROUP Sta ng 75 NA Yes 37% $61,683 4 4 NA Financial’s success is built on “doing A FLEXIBLE APPROACH 80 Loop 855 right” for its clients, people, and the wider LUMERE Technology 109 NA Yes 27% $113,221 4 4 NA community. That makes Mesirow one of Mesirow has quickly adjusted to a new 81 Loop Read the sponsored spotlight 109 Chicago’s Best Places to Work for 2020. working reality. CHICAGO SCHOLARS on Page 37. Also, watch the Nonprot 46 58% Yes 83% $53,516 4 4 4 NA The 83-year-old company offers nancial 82 Loop sponsored spotlight video profile 46 services to corporations, institutions, The rm recently provided employees, and check out the jobs link at businesses, individuals and families through spouses, and dependents with complimentary MESIROW FINANCIAL ChicagoBusiness.com/BPTW. Financial services 385 6% Yes 15% $114,925 4 4 4 83 River North 491 global investment management, capital memberships to One Medical, a same-day markets and investment banking, and health service that provides services such as PREMIER INTERNATIONAL Consulting 40 3% No 25% $112,631 4 4 4 advisory services. COVID-19 testing and a daily self-screening 84 ENTERPRISES Loop 40 software application. With about 500 employees in 21 of ce Mesirow’s PrideConnect group combined Pride Month celebrations with heart health awareness at the locations, Mesirow has approximately $300 Acknowledging the challenges of remote American Heart Association’s CycleNation event on Daley Plaza. million in revenue as of March 31, 2020. work, Mesirow partnered with Loyola About 325 employees are based in Chicago. University Medical Center to develop a Mesirow has an “ownership culture.” series of webinars on stress management, Employees think and act as owners to mindfulness, and other topics. One seminar, everyone’s bene t. That includes working for example, provided working parents with side-by-side with clients to create successful resources to help children cope during nancial strategies. “We excel as a rm challenging times. when diverse perspectives are at the table,” says Dominick Mondi, president & CEO at What hasn’t changed is Mesirow’s culture Mesirow. that empowers bright, diverse professionals to innovate in an inclusive workplace. The In 2018, the rm launched an Employee rm recently marked the anniversary of the Value Program that includes bene ts such Mesirow Opportunity & Inclusion Program. as an enhanced 401(k) match, peer-to- Through its job training and full-time work peer recognition, and family-friendly work program, individuals with disabilities access practices. tailored experiences that build important career, technical and soft skills.

WE EXCEL AS A FIRM WHEN Each Mesirow employee has an DIVERSE PERSPECTIVES ARE AT opportunity to make a lasting Mesirow CEO Dominick Mondi joins employees at the Chicago Cares Serve-a-Thon, beautifying a CPS THE TABLE.” positive impact DOMINICK MONDI, PRESIDENT & CEO, MESIROW school in the Brighton Park neighborhood, where Mesirow employees have logged more than 5,000 at the rm both volunteer hours since 2013. FINANCIAL personally and professionally. A good example is Daniel Dempsey, a facilities project specialist Other companywide investments in and chair of Mesirow’s PrideConnect employees include: Employee Resource Group. Energized by his work, he sees rsthand the results of • Regular communication from executive the group’s efforts to provide education, leadership, expanded during a period of resources, and support for those who identify remote work. as LGBTQ and their allies. “Mesirow goes • Ongoing training and education, including above and beyond,” says Dempsey, “with tuition reimbursement and student loan leadership and employees who work to assistance. ensure that we stand at the forefront of what • Three employee resource groups to foster is best for our clients, communities and professional and personal development: workplace culture.” WomenConnect, PrideConnect and PeerConnect. • Competitive bene ts, with extras such as no cost con dential counseling and legal support.

Executive Chairman Richard Price speaks to a group of CPS middle school students from an after-school art program, as they unveiled a sculpture they designed for the Mesirow of ce lobby. CRAIN’S CHICAGO BUSINESS

2020 BEST PLACES TO WORK SPONSORED CONTENT

2020 CRAIN’S CHICAGO BUSINESS 2020

2020 2020

2020 BEST PLACES TO WORK MESIROW FINANCIAL

353 N. Clark St., Chicago | 312-595-6000 | mesirow nancial.com Mesirow employees engage with and mentor students in CPS schools on a regular basis, through our Values in Action Days, ongoing Big Brothers Big Sisters and Big Shoulders Fund programs and other Mesirow Financial: We Think and Act as Owners opportunities.

EMPLOYEE OWNERSHIP SAYS A • Alignment of employee values with LOT ABOUT A COMPANY. It means that broader corporate responsibility. Grassroots employees are invested in their company, initiatives include drives, fundraisers, team their jobs, and their clients. This alignment challenges, volunteerism, and matched of interests, and mutual trust, leads to donation programs. success. • Corporate events such as annual awards honoring employee excellence. As an employee-owned rm, Mesirow Financial’s success is built on “doing A FLEXIBLE APPROACH right” for its clients, people, and the wider community. That makes Mesirow one of Mesirow has quickly adjusted to a new Chicago’s Best Places to Work for 2020. working reality. The 83-year-old company offers nancial services to corporations, institutions, The rm recently provided employees, businesses, individuals and families through spouses, and dependents with complimentary global investment management, capital memberships to One Medical, a same-day markets and investment banking, and health service that provides services such as advisory services. COVID-19 testing and a daily self-screening software application. With about 500 employees in 21 of ce Mesirow’s PrideConnect group combined Pride Month celebrations with heart health awareness at the locations, Mesirow has approximately $300 Acknowledging the challenges of remote American Heart Association’s CycleNation event on Daley Plaza. million in revenue as of March 31, 2020. work, Mesirow partnered with Loyola About 325 employees are based in Chicago. University Medical Center to develop a Mesirow has an “ownership culture.” series of webinars on stress management, Employees think and act as owners to mindfulness, and other topics. One seminar, everyone’s bene t. That includes working for example, provided working parents with side-by-side with clients to create successful resources to help children cope during nancial strategies. “We excel as a rm challenging times. when diverse perspectives are at the table,” says Dominick Mondi, president & CEO at What hasn’t changed is Mesirow’s culture Mesirow. that empowers bright, diverse professionals to innovate in an inclusive workplace. The In 2018, the rm launched an Employee rm recently marked the anniversary of the Value Program that includes bene ts such Mesirow Opportunity & Inclusion Program. as an enhanced 401(k) match, peer-to- Through its job training and full-time work peer recognition, and family-friendly work program, individuals with disabilities access practices. tailored experiences that build important career, technical and soft skills.

WE EXCEL AS A FIRM WHEN Each Mesirow employee has an DIVERSE PERSPECTIVES ARE AT opportunity to make a lasting Mesirow CEO Dominick Mondi joins employees at the Chicago Cares Serve-a-Thon, beautifying a CPS THE TABLE.” positive impact DOMINICK MONDI, PRESIDENT & CEO, MESIROW school in the Brighton Park neighborhood, where Mesirow employees have logged more than 5,000 at the rm both volunteer hours since 2013. FINANCIAL personally and professionally. A good example is Daniel Dempsey, a facilities project specialist Other companywide investments in and chair of Mesirow’s PrideConnect employees include: Employee Resource Group. Energized by his work, he sees rsthand the results of • Regular communication from executive the group’s efforts to provide education, leadership, expanded during a period of resources, and support for those who identify remote work. as LGBTQ and their allies. “Mesirow goes • Ongoing training and education, including above and beyond,” says Dempsey, “with tuition reimbursement and student loan leadership and employees who work to assistance. ensure that we stand at the forefront of what • Three employee resource groups to foster is best for our clients, communities and professional and personal development: workplace culture.” WomenConnect, PrideConnect and PeerConnect. • Competitive bene ts, with extras such as no cost con dential counseling and legal support.

Executive Chairman Richard Price speaks to a group of CPS middle school students from an after-school art program, as they unveiled a sculpture they designed for the Mesirow of ce lobby.

NEW_MESIROW_FULL.indd 11 8/7/20 4:49 PM 38 AUGUST 10, 2020 • CRAIN’S CHICAGO BUSINESS CRAIN’S LIST BEST PLACES TO WORK Active diversity Average Perks Chicago hiring and Percentage annual salary, 100% paid health Organization employees; Voluntary retention of female exempt Flexible Career insurance Location Industry U.S. employees turnover practices executives employees hours advancement 401(k) match premiums Unlimited PTO KEYPATH EDUCATION Education 161 14% No 27% $109,752 4 4 4 85 Schaumburg 161 CLOUDBAKERS Technology 53 10% Yes 40% $79,000 4 4 4 4 86 West Loop 68 AARETE Consulting 268 14% Yes 16% NA 4 4 4 87 Loop 268 CA VENTURES Real estate 260 NA Yes 34% $120,275 4 4 4 4 88 Loop 1,281 ACCENTURE Consulting 5,926 0% Yes NA NA 4 4 4 89 Loop 54,438 INSPIRE11 Read the sponsored spotlight Consulting 101 8% Yes 33% NA 4 4 4 4 90 Loop profile below. 120 TRANSWESTERN Real estate 170 19% No 28% $91,825 4 4 4 NA 91 Loop 2,128 ZELLER REALTY GROUP Check out the jobs link at Real estate 115 10% Yes 29% $133,850 4 92 River North ChicagoBusiness.com/BPTW. 194 CENTRIC CONSULTING Consulting 54 6% Yes 20% $145,000 4 4 93 River North 466 KI INDUSTRIES Manufacturing 56 5% Yes 20% $98,590 4 4 NA 94 Berkeley 56 KENNA SECURITY Technology 67 8% No 20% $121,000 4 4 95 Fulton Market 190 CLAYCO Construction 255 10% Yes 13% $121,798 4 4 4 96 Loop 2,058 TRUQUA ENTERPRISES Consulting 35 3% Yes 20% $125,107 4 NA 97 Downtown Chicago 58 FIRST INDUSTRIAL REALTY TRUST Real estate 63 8% No 20% $139,350 4 4 98 Loop, Mount Prospect 152 SITTERCITY Technology 43 30% Yes 50% $110,000 4 4 4 99 River North 43 LIVONGO HEALTH Health care- 207 9% Yes 19% $113,398 4 4 4 NA 100 River North insurance/services 608

NA: Information not available

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CRAIN’S CHICAGO BUSINESS Nelson says. Radically candid conversations happen every day where leadership seeks 2020 input from ‘Elevens’ and takes action to see BEST it through. These could be conversations PLACES TO WORK around what new skills should people develop or how can they deliver more value to their clients, to how can they rally to make an impact on the communities they exist in. INSPIRE11 Innovative ideas are welcome. The women 1 E. Wacker Dr., Suite 1110, Chicago | 312-884-1334 | inspire11.com at the company created InspiHER, a Elevens volunteering at the Ronald McDonald program to empower women at all levels. House The culture committee developed INspire Rede ning Consulting and the New Normal OUTreach, a community program that is involved with many local charities. The INSPIRE11 TURNS IT UP TO 11. The been to hire great people, good at their jobs, company also offers $500 annually to each Chicago-based consulting rm goes above provide the support they need and watch employee to donate to the charity of their and beyond expectations for clients, and them thrive. choice. for employees. “Our goal is to be the best place to work for everyone,” says Alban Employees co-design how they work. This “Inspire11 has a familial feel,” Schaffer Mehmeti, a founder and CEO at Inspire11, can mean non-traditional work hours, says. Employees are kind, collaborative and a management and strategy consulting working from home or in the of ce, professional. Forget the old stereotypes of organization with a focus on digital and traveling or staying local and whether they how consulting should work, Mehmeti says. analytic solutions. show up in business casual or casual. “That’s why we are building a consulting One of many InspiHER events rm that not only embraces disruption, As experienced we inspire it, get messy with it and help WE INVEST IN AREAS WHERE OUR consultants, Mehmeti our clients transform as a result of it. Say PEOPLE’S PASSIONS RUN DEEP. and his partners Hans goodbye to normal.” HOW? WE ASK THEM.” Nelson, President and -HANS NELSON, president, INSPIRE11 Kevin Schaffer, COO drew the best management ideas from their previous “Challenging the status quo is part of our experiences. Just as important - they saw DNA,” Mehmeti says. With nearly 200 what to avoid, too. employees, the rapidly growing company doesn’t adhere to the old rules. From the “We invest in areas where our people’s launch three years ago, the strategy has passions run deep. How? We ask them,” Annual Summer Party at Oak Street Beach CRAIN’S CHICAGO BUSINESS • AUGUST 10, 2020 39 Mercy Hospital’s plan to close will intensify public health crisis on South Side MERCY HOSPITAL from Page 3 IN THE RED this may nd themselves pushed Mercy Hospital & Medical Center has posted net losses in recent years amid rising over that edge,” says Ben Uman- expenses, declining reimbursements and competition from expanding local chains. sky, a health care expert at the Advisory Board, a Washington, MERCY HOSPITAL & MEDICAL CENTER’S FINANCES D.C.-based consultancy. “You will see other hospitals close, but you Total revenue Total expenses Net loss would have seen that even without 2019 $268.2 2018 $265.0 2017 COVID. is is a push in a direc- $238.5 $238.4 $237.1 $258.0 tion we were already moving.” For Mercy, Chicago’s oldest hospital, the writing was on the wall before COVID-19 started spreading. Owned by Catholic gi- ant Trinity Health, the hospital has been in the red for years, posting $-36.4 an operating loss of $30 million in $-66.8 2019—not including write-downs Note: Net losses in each year include write-downs on the value of Mercy’s assets on the value of Mercy’s assets— Source: Trinity Health financial statements $-169.4 compared with $27 million a year BOEHM R. JOHN earlier. For Mercy, Chicago’s oldest hospital, the writing was on the wall before COVID-19 started spreading. Talk of closing the facility last four independent organizations.” expected to accelerate hospital year is what led four nancial- Metro East and other parts of the vices in certain neighborhoods State legislators say it wasn’t closures across the country. And, ly struggling institutions on the state where there’s an interest in and eliminate jobs. clear to them that Mercy would unlike Mercy, most institutions South Side to explore a combi- transformation. . . .We’re trying to “e plan was half-baked,” close if the funds were not made don’t have the wherewithal of the nation that could eliminate re- complete our work by fall when says state Rep. Lamont Robin- available for the merger. nation’s fth-largest nonpro t dundant expenses and improve we would go back to Spring eld son, D-Chicago. “You want to hospital chain. bargaining power with insurers— for the veto session.” close hospitals in African Amer- SQUEEZED While many of the safety nets some of the essential elements in ican communities, and you can- Meanwhile, mounting expens- on Chicago’s South Side are inde- “hospital transformation,” an in- ‘ON THE FRONT BURNER’ not tell me if the (new) hospital es and dwindling inpatient vol- pendent, Mercy is owned by Li- dustrywide move toward cost-ef- Asked whether a merger of is . . . going to be in an auent umes have already led hospitals vonia, Mich.-based Trinity—the cient outpatient care, preventive Mercy, Advocate Trinity Hospi- area? Will seniors in my district serving Black and Brown com- $19 billion-revenue system that tal, South Shore who don’t have cars, who are on munities, like MetroSouth Medi- also owns three-hospital Loyola Hospital and St. Medicare and Medicaid, have to cal Center in Blue Island, to shut- Medicine. “YOU WANT TO CLOSE HOSPITALS IN Bernard Hospital travel to Beverly? How could I, in ter. Even some hospitals that have Robinson wants Trinity to dig AFRICAN AMERICAN COMMUNITIES, could still come good faith, support their plan and managed to stay aoat have been deep to keep the hospital open. to fruition if funds share this information with my forced to cut services. Jackson But monthly operating losses AND YOU CANNOT TELL ME IF THE NEW are made available constituents?” Park Hospital & Medical Center of $4 million are no longer sus- in the fall, Harris With an estimated $1.1 billion in South Shore closed its obstet- tainable, Mercy said last month HOSPITAL IS . . . GOING TO BE IN AN says, “is will cer- investment—including govern- rics unit last year, and St. Bernard when it announced it would AFFLUENT AREA?” tainly be one of the ment dollars—the plan was to in Englewood suspended labor close between Feb. 1 and May 31, topics on the front build at least one new hospital and delivery services in April to pending approval from the state. Rep. Lamont Robinson, D-Chicago burner for us.” and open up to six new commu- focus on treating COVID-19 pa- Since purchasing the Near South Mercy declined nity health centers that would ex- tients. St. Bernard has directed Side hospital in 2012, Trinity has services and neighborhood clin- an interview request, but the pand access to preventive services expectant mothers to deliver their provided hundreds of millions of ics. But the deal fell apart after four hospitals said in a May let- and address social determinants babies at Mercy. dollars to fund infrastructure im- state legislators declined to help ter to the Illinois Department of of health, such as food insecurity. e move is troubling as Black provements and meet operating fund the merger, citing a lack of Healthcare & Family Services— Beyond that, details were scarce. women in Illinois are nearly three needs. speci cs around where any new the agency that oversees Medic- “There were antitrust regula- times as likely to die from com- Instead of continuing to incur facilities would be located and aid in the state—that, “without tory issues that we had to abide plications of childbirth as white steep losses, Mercy said it’s plan- which existing facilities might transformation, there is no path by in our discussions, which women, according to the state’s ning to open an outpatient center close. to nancial stability for hospitals prohibited us from being more Department of Public Health. that would oer diagnostics, ur- Illinois House Majority Leader on the South Side.” specific about certain things “With the closing of Mercy, we gent care and care coordination Greg Harris of Chicago says a leg- Industry sources and some that people wanted specificity are in a sense continuing to in- to prevent emergency room visits islative working group is exploring government ocials say transfor- around—particularly locations,” crease these numbers”—from and hospitalizations among resi- how government funds could be mation is the best way to prevent says St. Bernard Hospital CEO maternal mortality to COVID-19 dents. used to support hospital transfor- health care deserts in vulnerable Charles Holland. “It wasn’t our complications, Robinson says. “Ultimately,” it said, “change mation in the future. communities. But some state leg- role to decide where a new fa- e shift away from pricey needs to happen on the South “We know there are a number of islators and community members cility would be built. In fact, we hospital-based care was in mo- Side of Chicago in delivering other safety-net hospitals both on were concerned the four-hospital couldn’t make that determina- tion before COVID-19, sources health care and Mercy can’t do it the South Side and the West Side, merger would erode medical ser- tion yet because we were still say, noting that the pandemic is alone.” Goya controversy gives rival La Preferida a bump—but Goya gets a bigger one LA PREFERIDA from Page 3 ter, and by Trump himself, who er company than Goya, it’s not company’s German-immigrant more likely to be 55 or older, 30 posed, thumbs up, with adobo Hispanic-owned. It traces its founder. percent more likely to be “not at country, that we will continue to seasoning, coconut milk, choco- South Side roots to the 1920s and Despite recent gains for Goya, all committed” to organics and prosper and to grow.” late wafers and other Goya prod- its Hispanic lines to midcentu- industry consultant Terry Soto 70 percent more likely to be little Incensed Latinos unhappy with ucts on the Oval Oce desk. ry. In 1980, baseball broadcaster says La Preferida is better posi- concerned with environmental the Trump administration, es- A Numerator analysis of con- Harry Caray lmed a La Preferida tioned among Mexican-Ameri- issues. sumer purchase commercial, dipping a chip into can consumers, a group feeling At Carnicerias Jimenez, Mel- data found that salsa, taking a bite and talking the brunt of Trump’s anti-immi- rose Park manager Junior Perez “I BELIEVE THESE SALES INCREASES Goya’s customers with his mouth full. grant talk. Goya’s legacy, owing says the store typically got two FOR GOYA ARE A RESULT OF REACTIVE prior to the dueling to its Northeastern base in New pallets a week from Goya and one boycotts were 50 ‘THEY’RE NICE PEOPLE’ Jersey, is more oriented toward from La Preferida. Jose Jimenez PURCHASING . . . AND ARE UNLIKELY TO percent white and How aggressively will La Puerto Rican and Cuban tastes. Sr., the chain’s top executive, did 27 percent Hispan- Preferida’s publicity-shy owner- “I can see (La Preferida) tak- not return calls. Shelf stockers at a BE SUSTAINABLE.” ic. After Unanue’s ship take advantage of anti-Goya ing advantage of this big time,” mainstream grocery like Jewel in declaration, rst- sentiment? “ey’re nice peo- says the California-based Soto. “I River Forest say they haven’t no- Terry Soto, industry consultant time buyers were ple. We don’t want to hurt no- believe these sales increases (for ticed any consumer shift. 77 percent white body,” says Ralph Steinbarth, 93, Goya) are a result of reactive pur- La Preferida CEO David Stein- pecially its immigration policies, and just 9.5 percent Hispanic. La who despite wanting to go to law chasing among respective party barth, Ralph’s son, didn’t respond posted Goya-bashing videos and Preferida sales to the survey group school opened the company’s supporters and are unlikely to be to inquiries. Ralph Steinbarth is calls for boycott. Counter-boy- were $1.5 million, compared with rst Hispanic store near Comis- sustainable.” hardly more forthcoming. Asked cott initiatives were led by Ivanka Goya’s $34.5 million. key Park in 1949, he says, with Numerator found that Goya’s for La Preferida’s revenue gures, Trump, the president’s daugh- Not only is La Preferida a small- the help of his father, Henry, the new customers were 44 percent he says, “It’s none of your business.” 40 AUGUST 10, 2020 • CRAIN’S CHICAGO BUSINESS

Advertising Section AMAZON WAREHOUSE LOCATIONS AND SIZE In thousands of square feet 16 Amazon, which began building out its Chicago-area distribution network KenoshaKenosha CLASSIFIEDS 1114 about six years ago, has been expanding feverishly this year. 5 To place your listing, contact Claudia Hippel at 312-659-0076 or email [email protected] .www.chicagobusiness.com/classi eds 1. Markham 3,800 14. Kenosha 514 27. Palatine 162 Opened 2. Matteson 3,800 15. Joliet 475 28. Monee 153 13 Planned 3. Monee 1,437 16. Sturtevant 438 29. Chicago 150 35 AIRCRAFT CAREER OPPORTUNITY 4. Channahon 1,100 17. Crest Hill 438 30. Chicago 143 24 5. Kenosha 1,016 18. Chicago 317 31. Melrose Park 135 33 38 27 FOR LEASE: 2000 HAWKER 800 XP DATA ENGINEER 40 Newly refurbished. (Citadel Americas LLC – Chicago, IL) Cllct 6. University Park 1,015 19. Downers Grove 291 32. Chicago 112 36 22 31 Go to www.efmtac.com for pictures. & evalt commodities-rel datasets from vars 7. Aurora 955 20. Bridgeview 254 33. Elgin 105 21 39 ChicagoChicago Contact Angela: 630 536 1610 srcs & systmtclly trnsfrm & parse data into 7 25 23 32 usefl frmt fr mdl’g supply & dmnd forcsts & 8. Wilmington 811 21. Melrose Park 252 34. Romeoville 93 37 19 18 29 26 20 idntfy’g mkt trends. F/T. Reqs Mstr’s deg (or 9. Romeoville 767 22. Skokie 237 35. Mundelein 86 30 frgn eqv) in CompSci, Eng or rel fl d. Edu, train’g 9 GaryGary BUSINESS FOR SALE 10. Channahon 750 23. Melrose Park 236 36. Wood Dale 82 34 or exp must incl fl lw’g: wrk’g w/ the fl l sftwr 17 1 Own a successful operating car wash, dvlpmnt lifcycl; dvlp’g sftwr to address data 11. Kenosha 749 24. Arlington Heights 214 37. Lisle 68 2 prcs’g chllngs; Distributed Computing, Natural 15 detail shop and parking facility in Wilmette 12. Joliet 747 25. Downers Grove 213 38. Elgin 67 4 10 12 3 6 Opportunity to take the business to the Language Processing, Machine Learning, Cloud 13. Waukegan 627 26. Aurora 201 39. Chicago 52 28 next level through technology / social media Platform Development, Networking or REST 8 communications. Great location & fantastic Service Development technqs; prgrm’g w/ C, 40. Morton Grove 41 customer base. EMAIL: C++, Python, R or JavaScript; query dvlpmnt INFONORMSCARWASH.COM & optmztn in SQL; RDBMS databases incl MS SQL Server, PostgreSQL or smlr; &, dvlp’g data prdcts on public cloud envrnmnts incl AWS, Amazon is Chicago’s biggest growth engine GCP or Azure. Resumes: Citadel Americas CAREER OPPORTUNITY LLC, Attn: ER/LE, 131 S Dearborn St, 32nd Fl, Chicago, IL 60603. JOB ID: 4699687. AMAZON from Page 1 zon’s plan for a massive ful llment nois work for Amazon on a full- or Interested candidates send resume to: Google center in the village that would part-time basis, according to the LLC, PO Box 26184 San Francisco, CA 94126 Amazon, which began building have employed 1,500 people. company.  at includes employees Attn: V. Cheng. Please reference job # below: out its distribution network here Acting Mayor Mary Alexander at Whole Foods Market, which Am- Software Engineer (Chicago, IL) Design, LOANS develop, modify, &/or test software needed for about six years ago, has been ex- Basta, who succeeded Claar af- azon acquired in 2017. In a confer- various Google projects. #1615.38386 MULTI FAMILY REAL ESTATE LOANS panding feverishly this year, cutting ter he retired last month, doesn’t ence call with local developers, an Exp Incl: Design & analysis of algorithms; $500,000 to $5,000,000 deals for warehouses in suburbs sound much di erent.  e ware- Amazon executive said the compa- OO design & dev; Computer Networks Great Rates and E cient Closing Times like Downers Grove, Palatine and house, proposed for the site of the ny plans to hire an additional 15,000 (internet protocols); & Python. DEVON BANK University Park and in Chicago former Old Chicago amusement here, says Doig, who was on the call. CALL 773 423 2527 Customer Engineer (Chicago, IL) Solve neighborhoods like Pullman and park, would choke a nearby in- customers’ business issues with Google CHICAGO • ORLAND PARK • BRIDGEVIEW technology. #1615.53384 Exp Incl: Big Data, MEMBER FDIC. EQUAL HOUSING LENDER. Bridgeport. In June, the company tersection on Interstate 55, Bas- RECORD RESULTS Paas, & IaaS; J2EE, Java servlets, Python, Go, & unveiled plans for two 3.8 million- ta says. And she doubts Amazon  ough the coronavirus pan- Ajax; Mapreduce, Hadoop, Spark, Flume, Hive, & square-foot ful llment centers would pay enough or o er su - demic has crushed many brick- SparkSQL; Virtualization; relational Databases, in south suburban Matteson and cient bene ts. and-mortar retailers, it has boosted & NoSQL databases; Distributed Systems; & REAL ESTATE Markham that will employ 2,000 “I don’t think they’re good jobs Amazon’s sales and stock price, as application dev & integration. Trvl Req’d. people. for the community,” Basta says, housebound consumers buy more 2,280 ACRES FOR SALE “It is transformational,” says noting that she has yet to meet with stu online. After the company Markham Mayor Roger Agpawa. Amazon representatives or review reported its best quarter ever last CAREER OPPORTUNITY TWO PRIVATE LAKES • LUXURY HOME Located in Mid Michigan “Nothing has been bigger in any proposal from the company. month, its chief nancial o cer, Interested candidates send resume to: Google Property is Completely Fenced (10’) Markham since the Canterbury Amazon declines to make an ex- Brian Olsavsky, said Amazon was LLC, PO Box 26184 San Francisco, CA 94126 Rare Opportunity • Call Kyle (Plaza) shopping center was built ecutive available for an interview. running out of warehouse space $6,795,000 • 248.444.6262 Attn: V. Cheng. Please reference job # below: in the 1960s.” For jobs at its new warehouses, the and would increase its total square Partner Sales Manager (Chicago, Illinois) Create & maintain a sales strategy within the With a local unemployment rate company advertises a $15-per-hour footage by 50 percent this year. region to align external partners with sales exceeding 15 percent, Amazon’s starting wage for new employees, Amazon is the main reason the strategy in an e ort to increase sales & drive SECURITY timing couldn’t be better for idled along with medical, dental and vi- local industrial real estate market value. #1615.50424 Exp Incl: Cloud computing; workers looking for a job and local sion insurance. It also o ers a 50 hasn’t cratered like other property lead generation, sales mgmt, opportunity EXECUTIVE SECURITY  RISK REDUCTION governments scrounging for tax percent match of employees’ 401(k) sectors have. Amazon accounted Protect your Family, Business and Assets mgmt, & business development; & marketing dollars. It’s also good for the com- plan contributions starting with for 51 percent of new industrial programs, solution strategy, competitive SECURE OPTIONS CONSULTING, LLC strategy, & vendor/partner mgmt. Executive Protection - Security pany itself. their rst paycheck, and up to 20 leasing volume in the Chicago area Residential Security - “A year ago, they would have had weeks of parental leave. in the second quarter, according to 8668506863 a hard time nding that labor,” says “ ey’ve been a good corpo- Colliers.  e local industrial vacan- ChicagoBusiness.com SECUREOPTIONSCONSULTING.COM Craig Hurvitz, vice president of rate citizen, so we’re glad they’re cy rate still rose in the quarter, to market research in the Rosemont here,” says John Antaramian, may- 6.42 percent, from 6.16 percent in o ce of brokerage Colliers Interna- or of Kenosha, where Amazon has the rst three months of the year. tional. “But right now, it’s kind of a opened three warehouses, its rst It would have jumped a lot more di erent story.” in 2015. “I have not seen any major without Amazon. OUR READERS ARE 125% Not everyone is rolling out the downside.” “ ey’re carrying us through this MORE LIKELY TO welcome mat for Amazon. Com- Most of Amazon’s warehouse downturn,” Hurvitz says. INFLUENCE OFFICE pany critics worry about trucks jobs require physical labor and few It doesn’t feel like a downturn SPACE DECISIONS from its warehouses clogging traf- skills, with many workers pulling in Channahon, just southwest of c and polluting the air, and say products from shelves and pack- Joliet, where Amazon has begun its jobs aren’t good enough, add- ing them for shipment.  ey’re not hiring more than 1,000 full-time ing to the broader debate about as good as the unionized jobs in workers at a new 1.1 million- Amazon’s increasingly powerful Chicago’s steel factories three or square-foot ful llment center ex- role in our economy and society. four decades ago, but they’re bet- pected to open next month. It’s also Local activists oppose a plan for a ter than today’s retail, restaurant hiring at a new 750,000-square- 112,000-square-foot Amazon de- or other service jobs, says David foot warehouse next door. livery station on a riverside site in Doig, president of Chicago Neigh- Amazon’s arrival came with a Bridgeport, contending it would borhood Initiatives, a nonpro t price. Infrastructure improvements result in more diesel exhaust and developer with a project in Pull- for the project, including new traf- congestion in the neighborhood. man where Amazon is opening a c signals, wider roads and water “More thought should be given warehouse this fall. connections, totaled $14 million, to to the health e ects on our commu- Amazon also is hiring people to be paid for by future property taxes nity,” says Lydia Arroyo, chair of the drive its trucks and delivery vans, on the site, says Channahon Mayor Southwest Environmental Alliance, with plans to recruit employees Missey Moorman Schumacher. a Chicago advocacy group. through Olive-Harvey College in But she’s counting on a payback Find your next corporate Pullman, which o ers a commer- in extra sales and real estate tax rev- TRADE OFF cial-driving program, Doig says. enue for local governments, includ- tenant or leaser. Most politicians are so focused  e company is also investing ing school districts. With Chan- on jobs that they’re willing to heavily in electric vehicles. nahon’s small population—about make the trade-o . Some dangle “Maybe the folks in Bolingbrook 13,500—Schumacher expects Am- tax-increment nancing or other can be a little more choosy, but in azon to hire many of its employees incentives to attract Amazon. But the areas that need it, like the south from outside the community. Connect with Claudia Hippel at longtime Bolingbrook Mayor Roger suburbs, they’re thrilled” to have “ e sheer numbers are stagger- [email protected] for more information. Claar surprised many observers in Amazon, he says. ing,” she says. “We’re pretty excited February when he rejected Ama- More than 23,000 people in Illi- about the whole thing.” CRAIN’S CHICAGO BUSINESS • AUGUST 10, 2020 41 ‘People felt despair and lack of hope prior, and they almost feel nothing now’ CRIME from Page 1 before COVID struck. Both CPD and outreach groups A SURGE OF SHOOTINGS AND HOMICIDES Northwestern University’s Insti- say an acceleration of gang splin- increasingly in the cross re. tute for Policy Research seemed to tering that long predated the virus It’s hard to untangle all of COVID’s impacts on Chicago crime, but “one root cause of gun “People felt despair and lack of back that notion up. A preliminary has also made it tougher to reach violence is gun violence,” says University of Chicago Crime Lab Executive Director Roseanna hope prior, and they almost feel analysis released in March of the leadership and mediate con ict. Ander. Without breaking cycles of retaliation, shootings will fuel more shootings. nothing now,” says Chris Patterson, work of eight outreach organiza- Patterson says his organization HOMICIDES SHOOTING INCIDENTS who helped launch the Institute for tions via Communities Partnering dealt with 14 cliques in Austin in Year-to-date (July 31) June and July total Jan. 1 to July 31 Nonviolence Chicago in the Austin 4 Peace, or CP4P, o ered promising 2016. Now there are 23. “Some- 600 2017 1,687 neighborhood in 2016, one of Chi- initial ndings: Since the partner- times you nd out overnight that 2018 1,360 cago’s worst years for gun violence ship began in 2017, shootings and there’s a new clique of guys that 500 442 in recent memory. With jobs disap- homicides declined an average of have broken o ,” he says. 2019 1,210 pearing and the constant threat of 1 percent per month in CP4P areas, Spates of violence are happen- 400 a deadly virus, “it’s very uncertain. where shootings and homicides ing in new and di erent neighbor- 2020 1,783 It’s uncertain for people who have were increasing by 2 percent pre- hoods like Albany Park, Gage Park everything together, you know? If viously.  at led to an overall 17.7 and South Shore, where anti-vi- 300 SHOOTING VICTIMS Jan. 1 to July 31 you’re a person who can never get percent reduction on average in the olence groups aren’t well-estab- 202 their foot forward and has been number of homicides and shootings lished. Some con icts also shifted 200 2017 2,036 struggling, it feels like a very terrify- per month in the 30 months since to early morning hours. 2018 1,618 ing time.” the initiative launched. Previous rules of engagement— 100 With seven months of 2020 on the Many organizations and their gang-a liated and interperson- 2019 1,480 books, Chicago is on pace to soon workers are stretched even thinner. al—have gone “out the window,” 0 2,240 exceed last year’s homicide total. Focusing on those deemed most at says Frank Perez, director of vio- 1991 2020 2020 As of Aug. 2, the Chicago Police De- risk of shooting or being shot, in- lence intervention and prevention Source: Chicago Police Department partment logged 450 total murders. tervention groups work to connect services at UCAN and past national  at’s up more than 50 percent people in Chicago’s most violent director of CURE Violence/Cease- er seen.  at’s “part of the reason lease. “ at’s why Chicago’s local compared to 2019. Shooting inci- neighborhoods to case managers, re. “We’re seeing people saying, why there are often multiple vic- police districts continue to part- dents were up by a similar margin. help them reach educational or em- ‘Because you shot my sister, you tims at shootings: People are com- ner with the violence interrupters, We’re not alone: Reported homi- ployment goals, keep an ear to the shot one of my relatives, I don’t ing up, shooting at a crowd, and block clubs and street outreach cides are up 24 percent so far this ground to tamp down or mediate care if your 3-year-old is in the multiple victims are hit because organizations, who provide crisis year in America’s 50 biggest cities, a potential con icts, and help families car.’ ”  at’s one of the reasons this they have semiautomatic weapons de-escalation, youth program- Wall Street Journal analysis found. or victims access therapy or other re- summer has seen so many head- with large clips.” ming, employment in transition- But Chicago leads the nation in the sources. Now they’ve had to expand lines for deaths of young children CPD says they’ve so far recov- al jobs and cognitive behavioral total number of homicides among their mandate to help distribute and shootings with multiple vic- ered 5,700 guns this year—a num- therapy and support for those at big cities. food, masks and COVID literature. tims, he says. “ ey’re not the in- ber consistent with recent years— the highest risk of violence.  is Fragmentation of gangs and tended target, but the perpetrators but believe there is “an increasing evidence-based public health ap- cliques, escalating interpersonal ‘TENSION IN THE HOME’ don’t care.” proliferation of guns throughout proach has not only been proven and gang con icts fueled by social Eddie Bocanegra is the gun vio- Dishonoring the dead, previ- Chicago’s neighborhoods than to reduce gun violence in commu- media, and what CPD believes are lence leader at READI Chicago, a ously frowned upon, is more of a we’ve seen in recent years,” spokes- nities but also to improve commu- more and deadlier guns  owing Heartland Alliance program that problem, too, fueled by the ease of man Luis Agostini says. nity perceptions of police.” into shooters’ hands are making vi- delivers a mix of cognitive behav- posting on social media. Andrew Papachristos, a so- olence-prevention work that much ioral therapy and jobs programs to “I think we’re in a vicious cy- SIGNS OF HOPE ciology professor and fellow at tougher this year. high-risk men.  e virus has add- cle of retaliation right now,” says Despite all this, outreach groups Northwestern’s Institute for Policy  ere is no single culprit. Chicago ed a variety of stresses for READI Vaughn Bryant, executive director have hope. Funding from city, Research, says violence outreach has a long history of gun violence, participants. Eighty percent have of Metropolitan Peace Initiatives. county, state and philanthrop- is still a nascent profession and and a longer history of segrega- unstable housing. “You have family  ose traumatized by the loss of ic partners has aligned and in- does not employ enough people to tion and disinvestment. Mayor Lori and friends who let you crash, you their loved ones to gun violence creased.  ere is better coordina- match the city’s overall gang pop- Lightfoot has said her “all hands on move somewhere else. Now they’re are sometimes losing others to tion and communication between ulation. Nor is it a match for long- deck” approach to addressing gun like, ‘Hey, man, when we agreed to COVID.  e trauma is ampli ed, the Mayor’s O ce of Violence term investment in areas starved violence as a public health issue this, you were working. Now you’re outreach workers say, by a feeling Prevention (led by alums of groups for development. and driving business and resources trying to do remote cognitive be- of despair about the future. “Every like CRED and UCAN), CPD and “Chicago is having to deal with to the city’s South and West sides havioral therapy, you’re using my little o ense is taken to the nth outreach organizations.  e city’s its short-term issues—who is get- would take time to yield results. It’s Wi-Fi, and by the way, you’re eat- degree,” Bryant says. “It’s a symp- new violence prevention dash- ting shot today?—as well as these also unclear whether 2020’s rise in ing up my food and you’re an extra tom and a sign of a traumatized board helps all parties coordinate long-term issues,” he said at a shootings and homicides is a his- body in a 700-square-foot apart- people.” what hot spots to occupy and what Crain’s Forum event on gun vio- toric blip, and shifting gang rivalries ment. I need that couch you’re Melvyn Hayward, head of pro- hours to work. lence Aug. 4.  e short-term work and social media use are hard to sleeping on because my kids want grams at Chicago CRED, has  e work also has buy-in from of intervention today and the long- measure. But while this year’s sta- to watch TV.’ Now there’s a tension worked in violence prevention for CPD. “Superintendent (David) term investment “to stop people tistics are stark, outreach workers in the home, we have more domes- more than two decades, in Los An- Brown has been clear that curb- who might be a ected by gun vio- say they believe they’re preventing tic violence, more arguments that geles and Chicago. He says Chica- ing Chicago’s violence is not going lence tomorrow” are both needed. numbers from being worse, and could stem, and have led to, phys- go’s abundance of “military-grade to be solved by law enforcement “We want to make sure that panic were making meaningful progress ical altercations.” weaponry” is at a capacity he’s nev- alone,” Agostini says in a press re- doesn’t destroy progress.” Motorola’s public-safety bet on video carries risks in a surveillance-wary era

MOTOROLA from Page 3 leads Motorola’s video security and San Francisco police tapped potential violence.  us, in re- its program. It doesn’t use Motoro- analytics business. “ at camera Avigilon cameras in late May to sponse to their request, we grant- la’s technology.) business to grow even as its overall would be connected to the public monitor protests in response to ed the SFPD access to the BID’s re-  e use of private video trou- revenue declines about 7 percent camera system and disconnected the death of George Floyd. Police cords and security camera network bles privacy advocates, such as this year.  e company has been from yours. What’s di erent here is accessed a network of more than system. . . .Our concern was borne Ferguson of American University. trying to stoke additional demand I manage my system. I don’t have 400 cameras owned by the Union out by tens of millions of dollars in “It’s a complete workaround for by coming up with new capabil- to take a camera o my system and Square Business Improvement damage done to already struggling government oversight. By allowing ities, from contact tracing and connect it to theirs.” District, according to a report by Union Square businesses.” private collection of video surveil- temperature screening for busi- As Motorola pushes deeper into the Electronic Frontier Founda- San Francisco police decline to lance and giving access to police, nesses to on-demand recording of video, however, it risks being asso- tion, a nonpro t focused on civil comment on the Electronic Fron- you are creating the same end re- body-camera footage for police. ciated with a growing public back- rights, privacy and technology. tier Report. sult in terms of government and One of its latest o erings is soft- lash against surveillance. Police received access to ar- “We provide technology to our police having access to this data ware that allows police departments “Some of the big companies— chived footage, as well as real-time customers, and our customers are but doing it in a way to make it a to access private video networks Motorola being one of them—have access to live feeds. the ones who use them and follow less direct target for people who during emergencies.  e new soft- done a pretty good job of sort of hid- “It was full dragnet surveillance,” whatever regulations and policies are concerned about surveillance.” ware makes it easier for users to give ing their engagement,” says Andrew says Matthew Guariglia, a policy are in place,” Kedzierski says. Motorola says, “We deeply re- police access to an entire network Ferguson, a professor at American analyst at the foundation. “If police (Chicago police also accessed spect individual privacy rights. We of cameras, unlike existing alterna- University’s Washington College want their own camera networks, private security cameras during regularly evaluate potential con- tives in which “you opted in, and of Law who wrote “ e Rise of Big they should go to city councils or protests here, which coincided cerns about how technology may you added a camera or repurposed Data Policing: Surveillance, Race, get referenda on the ballot.” with extensive vandalism and be used to infringe on individual an existing camera that would be and the Future of Law Enforce-  e Union Square Business looting downtown, a department rights and integrate the results into used for the public-private part- ment.” “ e criticisms have focused Improvement District says: “We spokesman says.  e city has long our products, policies and internal nership,” says John Kedzierski, who a lot on small startup companies.” shared the SFPD’s concern about been reluctant to o er details on systems.” 42 AUGUST 10, 2020 • CRAIN’S CHICAGO BUSINESS This vintage Riverside house took a dozen years to sell It was built in 1869 as part of a new model of suburb laid out by the designers of New York’s Central Park

BY DENNIS RODKIN e O’Donnells could not be reached for comment. A house built in 1869 in Riv- e buyers are not yet identi ed erside, when it was a brand-new in public records. e @properties park-like town laid out by the de- agent who represented them, Ja- signers of New York’s Central Park, son Hinsley, says they recognized has sold 12 years after coming on all its de cits compared to mod- the market. ern-day homes but “think it’s so Originally the summer home of unique and it’s right for them.” the man who was the rst superin- e house has no garage but a tendent of Chicago public schools, sort of stylized carport that echoes the four-bedroom Eastlake-style the home’s architectural lines. house on Fairbank Road sold July “at was a stumbling block for 29 for $560,000. It initially was list- a lot of people,” Hinsley says, but ed in May 2008 at just under $1.4 the buyers were fond of it. “ey million. e asking price when it moved patio furniture into it,” he sold was $599,995. says, and will park cars there only “With these historical houses, it in bad weather. can take a while to nd the right person who appreciates them,” MODEL SUBURB says Brian Brennan, the @proper- Riverside was a model suburb

ties agent who was the listing agent launched in 1868 by Emery Childs STUDIOS VHT since February 2018, when the and his investors on 1,600 acres price was down to about $730,000. that include a peninsula inside a and later on the World’s Columbi- credited to Olmsted and Vaux in Trade and serving in the state Sen- “is one has no master bedroom, U-shaped bend in the Des Plaines an Exposition of 1893. the rst round of building, which ate. A CPS school is named for him no master bathroom, no family River. Childs’ Riverside Improve- Olmsted and Vaux laid out a came to a halt after the Great Chi- in Cleating, west of Midway Inter- room, no basement, and most buy- ment Co. brought in Frederick town with wide lawns, curving cago Fire in 1871. Its original own- national Airport. ers want those things now.” Law Olmsted and Calvert Vaux, streets and a small downtown ers were John and Annie Dore, Set on the curving streets on the e house was occupied by who in the late 1850s designed around the train station, what they who apparently used it only as a peninsula in Riverside, the house renters for the past couple of New York City’s Central Park, to described as a place “in which summer home. In 1854, John Dore has original replaces, arched in- years, Brennan says. Sellers Ralph lay out a town. is was before the rural and urban advantages are became the rst superintendent of terior doorways and 11-foot ceil- and Jane O’Donnell bought it for noted landscape designers began agreeably combined.” Chicago’s schools, but by the time ings, and the kitchen and baths are $405,000 in 1992, according to the working in the city of Chicago, rst e Fairbank house is one of they lived in this cottage he was a up to date. It has two second-story Cook County recorder of deeds. on Washington and Jackson parks about 50 in Riverside that are member of the Chicago Board of balconies.

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Wealth, assets not income - Tuesday, Aug. 11, 12-1 p.m. Exploring solutions to the biggest MarySue Barrett, Metropolitan Planning Council Dr. Helene Gayle, Chicago Community Trust challenges facing Chicago and Illinois Valerie Jarrett, University of Chicago Law School and Obama Foundation Moderator: Jim Reynolds, Loop Capital You’ve explored with us all year long some of the most persistent Health care – post pandemic, new models - Tuesday, Aug. 18, 12-1 p.m. challenges to our city and state through Crain’s Forum. Now it’s time to Dr. David Ansell, Rush University Medical Center put the issues to action. Join Crain’s for a series of four virtual events Dr. Omar Lateef, Rush University Medical Center examining these issues in depth. Hear from a diverse group of top Dr. Suzet McKinney, Illinois Medical District Kathleen Sebelius, Sebelius Resources experts as they discuss potential solutions on a range of topics Moderator: Kip Kirkpatrick, Vistria including the wealth gaps and health care. Final event to be announced Register at ChicagoBusiness.com/CrainsForumEvents SPONSORED BY $20 Individual panel ticket Additional speakers to be announced CRAIN’S CHICAGO BUSINESS • AUGUST 10, 2020 43 In Edgewater, a house unlike any other A pair of edgy architects just completed a bold modern house they designed. It’s listed at $1.4 million.

BY DENNIS RODKIN A pair of edgy architects just completed a bold modern house they designed on Ardmore Ave- nue in Edgewater, and it’s decid- edly unlike any other house in Chicago. ey put the primary living spaces on the second oor and wrapped much of it with a band of windows, creating an open and airy space that feels as if it’s oating in the trees. Triangu- lar trusses that hang overhead are paneled with white oak, the same wood used for the home’s kitchen cabinets, oors and staircase handrails. On the rst oor are three bedrooms and a long, daylit hallway whose curv- ing wall and carved-out niches for benches and shelving were meant to make it more of an in- door courtyard. e exterior is two-tone, gray and white, with its visible win- dows mostly high up on the building. Viewed from the side- walk, the house seems to out the standard of having a picture win- dow in the front room facing the street, but that’s only because the living room isn’t where it conven- tionally would be, but one ight

up. PHOTOS STUDIOS VHT “It’s a new way of living,” says Alison Von Glinow, a partner with to her native Chicago. He had and others. says, is that “it gives us the long homes, only a narrow gangway Lap Chi Kwong in Kwong Von previously worked for Herzog & For this, their rst house built, side of the house to ll with light.” runs between it and the neighbor. Glinow. e two architects, alums de Meuron, a Pritzker Prize-win- the architects bought a lot on an ey put quiet spaces like bed- e 3,100-square-foot house of the Harvard University Gradu- ning rm based in Basel, Switzer- alley, not always the most desir- rooms and the dining room on has an asking price of $1.4 mil- ate School of Design, founded the land, and she had done projects able lot on a Chicago block. e the opposite side of the house, lion. It’s represented by Luke rm a few years ago after moving with that rm, Chicago’s SOM advantage of an alley lot, Kwong where, as in countless Chicago Blahnik of @properties. Buyer will save Larry Booth modernist house in Lincoln Park The house, built in 1976, was to go up for auction this month, but a buyer snapped it up rst. Replacing it with a new ve-story building, he says, would be ‘wrong.’

BY DENNIS RODKIN third-story windows provide light owners who handled the sale, and views of the neighborhood told Crain’s before it went on the A mid-1970s Lincoln Park and the city skyline. market. e house has no land- house designed by architect Larry “You observe the city without mark protection that would pre- Booth is no longer at risk of being being observed,” says Bergeron, a vent demolition. torn down. software designer. Replacing the house with a e home went up for sale in e house was completed in new ve-story building “would June with no protection from 1976 for George and Mary rush, be wrong,” Bergeron says. demolition. “It would be pretty leaders in their generation’s revi- Bergeron, who says he was not sad to demolish this,” says Ber- talization of the neighborhood. familiar with Booth’s architecture nard Bergeron, who on Aug. 3 In June, their children put it up before touring this house, says he bought the house on the trian- for sale through auction compa- “fell in love when I walked in. e gular corner of Cleveland, Lin- ny Rick Levin & Associates, with light, the ow of the house, ev- coln and Dickens avenues. “ is an auction scheduled for Aug. 11 erything was so carefully thought

was really a house of the future in and a minimum bid of $1.25 mil- o u t .” PHOTOS STUDIOS VHT 1976,” he says. lion. e house will need some up- e brick, wood and steel fa- Bergeron bought the house dating, he says, but he intends to MORE PHOTOS ONLINE: ChicagoBusiness.com/residential-real-estate cade is a bit forbidding, in keep- conventionally ahead of the auc- do it with attention to preserving ing with the 1970s sentiment that tion, paying just under $1.66 mil- Booth’s original design. was 35 when he designed the ects include houses and condo city streets weren’t safe, and its lion, according to Levin. Booth is a member of the rush house. Forty-four years towers as well as buildings for main living spaces are on the sec- e site of the house could ac- memorable Chicago Seven post- later, he’s one of Chicago’s most schools, the Chicago Park Dis- ond oor, removed from the busy commodate a ve-story building modern architects who rebelled eminent architects and the head trict, the Chicago Botanic Garden sidewalk level. A second-story with four to 10 units, Blair rush against the austere modernism of of the Booth Hansen rm. and the Kohl Children’s Museum patio and oversized second- and Lele, a daughter of the original Ludwig Mies van der Rohe. Booth e rm’s Chicago-area proj- in Glenview, among others.

HOW TO CONTACT CRAIN’S CHICAGO BUSINESS Vol. 43, No. 32–Crain’s Chicago Business (ISSN 0149-6956) is published weekly, except for the last week in December, at 150 N. Michigan Ave., EDITORIAL ...... 312 649 5200 CLASSIFIED ...... 312 659 0076 Chicago, IL 60601-3806. $3.50 a copy, $169 a year. Outside the United States, add $50 a year for surface mail. Periodicals postage paid at Chicago, Ill. CUSTOMER SERVICE ...... 877 812 1590 REPRINTS ...... 212 210 0707 Postmaster: Send address changes to Crain’s Chicago Business, PO Box 433282, Palm Coast, FL 32143-9688. Four weeks’ notice required for change of ADVERTISING ...... 312 649 5492 [email protected] address. © Entire contents copyright 2020 by Crain Communications Inc. All rights reserved. WHO IS ALICE? ASSET LIMITED, INCOME CONSTRAINED, EMPLOYED

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Households living in poverty in the Chicago region reside equally at 50% within the city limits 50/50 and 50% in the suburbs.*

A family of four in Illinois must earn AT LEAST $28.57 PER HR* to achieve a modest LSYWILSPHWYVZMZEPFYHKIX 56% of jobs in Illinois pay LESS THAN $20 PER HR* 40% of Households in Illinois do NOT have any money set aside XSGSZIVEŬVEMR]HE]ŭ

Learn more about United Way’s ONLY 12% of Illinois Households ALICE research project at fall below the poverty line ERHUYEPMJ]JSVFIRIƤXW LIVEUNITEDchicago.org/ALICE

*Statistics based on 2017 economic data.

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