It isn’t the full headquarters for the company – just the North American headquarters – but Naperville is gaining another impressive office as Chervon North America announced plans to move in:
A Chinese maker of power tools plans to bring more than 200 jobs to its new North American headquarters in Naperville over the next three years.
Chervon North America, the U.S. arm of Nanjing, China-based Chervon Holdings, confirmed plans to move workers from Michigan and several suburban Chicago locations when it opens a new headquarters in Naperville sometime in the spring…
Chervon also considered locations in California, Texas, Georgia, North Carolina and Tennessee, Turoff said. The company is not receiving any incentives from the Illinois or Naperville governments, Turoff said.
“In the end our decision came down to three key factors: proximity to talent, proximity to current and acquired employees (and) Naperville’s pro-business attitude,” Turoff said in the email.
No tax breaks needed. This has been the story of Naperville for several decades now: the community is attractive to a number of businesses. This started with the move of Bell Laboratories just north of the city in the 1960s along the East-West Tollway. Since then, white-collar firms have moved into the suburb, attracted by the quality workers and bucolic setting. These moves have boosted the reputation of Naperville even as it has helped attract even more residents. It is the sort of cycle that many suburbs would like to emulate but would have a hard time pulling off.
Going forward, it will be interesting to see whether this can continue for Naperville. There is increased competition for businesses. Naperville has a very limited amount of open land for new commercial or residential development (unless they make a major decision to build up). This space for Chervon opened up because another major company decided not to use the space.