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about the benefits of HEDC
to find out how you
can play a role in
Harvard’s future at
receive a membership kit
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call (815) 943-1036
The 300-acre former Motorola facility is
in escrow, with a new owner on the
horizon. The 1.5 million square foot facility
was featured on a four-day online auction
which ended on April 21. A bid of $9.3
million was accepted, with the sale subject
to a successful closing.
Sources say that the new owners plan to
convert the building into a multi-user
facility which will be used as an incubator
for companies coming to the United States,
. The auction, originally
planned to run three days, was extended in
Development (HEDC) Executive Director
an effort to reach the seller's minimum.
The massive facility has sat empty for
more than a dozen years. With an opening
bid of $2.7 million, the auction was
expected to attract a lot of attention. The
HEDC and the City of Harvard have both
worked tirelessly over the years to try to
facilitate a sale, but the decision to sell or
lease the property always remained solely
with the property’s current owner, Optima
International. That proved frustrating for
the entire Harvard community.
“Both the City and the HEDC hoped that
the auction would produce a new owner
who was interested in putting the property
event hosted by the
HEDC on behalf of the
Enterprise Zone was a big
learned first-hand what is
required to be eligible for zone benefits.
A website dedicated to the
enterprise zone is being built which will
offer details, maps and the ability to
obtain and complete forms. In the
meantime, information can be found at
, or on the HEDC
It is becoming increasingly harder to
attraction efforts of the State of
Wisconsin, which is working to lure
expanding companies over the border.
The new enterprise zone is one way to
help keep companies in Illinois.
Community support is another. When
we shop and do business with local
companies, we let Harvard employers
know that their presence is greatly
The vacant parcel located at 105 W.
Front Street is an exceptional
opportunity to invest in downtown
Harvard. Call the HEDC to learn about
Incubator Company Targets Growth
Elite Ammunition owner Jay Wolf started his company in 2006,
ran it from his home for nine years and is now primed to grow it
significantly in Harvard.
The company, which recently moved into 1,800 square feet at
Harvard's new business incubator facility, manufactures high-grade, high-
tolerance custom ammunition used by the private, military and law
enforcement sectors. A competitive shooter, Wolf developed his expertise
in reloading to design and create a line of ammunition that is favored by
armored car, helicopter pilots and supply personnel worldwide.
Wolf and two other partners own a related company in Michigan which
recently brought a state-of-the-art brass manufacturing press online. The
press will create a steady, unlimited supply of brass which will drive Elite
Ammunition's growth, according to Wolf, who is an engineer by training.
“Finding the incubator space and gaining the manufacturing capacity
both happened at the same time,” he noted. The company employs five
full-time workers and plans to hire an additional eight to 10 entry-level
manufacturing workers during the coming year.
“We really wanted to stay in Harvard,” Wolf added.
“The incubator made that possible.”
Ready For Move In!
Bank Owned Retail/Mfg. Site
4,000 sft. in newer building features 18' ceilings,
loading dock, 400 amp power. Affordable, fast move-in: $4/sft
NNN. Call (815) 943-8788 for details.
Vacant 8.458 acres on McGuire Road, across from
Walmart. Two parcels, zoned B-2, M-2. Ideal for grocery, retail,
multi-use. In city. Access to McGuire Rd. and Frisco Dr. Call Verne
Sisson at Harvard Savings Bank for details: (815) 943-8611.
The HEDC hosted an
informational event on
April 26 which provided
Realtors and developers
with information on the
Enterprise Zone. The
event, which was held at
the Starline, featured a
on the incentives and benefits available to
companies which build or expand within the zone. Those
benefits may include tax abatements and tax credits,
depending on the site.
The former Motorola facility is located within the zone,
as is Arrowhead Industrial Park and other areas which
have fully-improved sites ready for fast-track
HEDC Executive Director Charlie
A mixed-use parcel in downtown Harvard that is
owned by the HEDC and located within the new Harvard-
Woodstock Enterprise Zone is sporting a price reduction
and an enticing new offer: An eligible project that is
developed within two years of purchase may earn 100%
of the $50,000 purchase price back.
The .44-acre site, which includes four lots and is located very close to the Metra station,
is zoned B-2 and adjacent to a 60-vehicle municipal parking lot. The cleared site is also
located in the city’s TIF (tax increment financing) District, has all utilities to the site and is
suitable for mixed use or multi-level retail/office/residential.
“It’s a good buy and hold opportunity for an investor, or an opportunity for a small
business owner to build within two years and get the land for free,” according to
. Other incentives may also be available, subject to
HEDC board approval. Call (815) 943-1036 for more information.
Executive Director Charlie Eldredge
HEDC Hosts Enterprise Zone Event
back into productive re-use,” Eldredge said.
The HEDC plans to reach out to the
prospective new owners to help facilitate
the sale and redevelopment of the site.
“The facility was originally built on the
promise of job creation and we are hoping
to see some of those promised jobs
Arrowhead Industrial Park has fully improved sites at highly
competitive costs. Call (815) 943-8788 for details. Site plan online
industrial/assembly or distribution-based businesses. Each unit has
separate entrance, 12' overhead door and private bathroom. Units
can be reconfigured to meet specific needs. Call (815) 943-8788.
The auction event
for the former
Motorola facility has
produced a potential buyer. It also
created a lot of attention for Harvard.
We are hopeful that a new audience
of companies and investors will now
take a closer look at our community
and all that we have to offer.
Harvard’s new business incubator
is another way that our community is
becoming more competitive with
Wisconsin. Now half full, the facility
in Arrowhead Industrial Park is a
good place for new small businesses
to grow in Harvard.
This year, Milk Days celebrates its
75th anniversary with an extra day of
festivities. Events like this are a good
example of how the Harvard
community works together to support