Address
City: Elgin
Neighborhood: Almora
State: Illinois
Postal Code: 60123
Country: United States
Business facts
Estimated annual revenue~$284.3K
Estimated employees~7
Annual payroll (2021)~$94.7K
In business since2013
Based on reported payroll data
Area statistics (60123)
Population49,537
Median household income$82,358
Source: US Census ACS
About
Mactech Engineering is located in Elgin, Illinois, and was founded in 2013. This business is working in the following industry: Engineer.
♿
Wheelchair Accessible
Parking, Yes
Market analysis
Earning below its category median in a growing category (Engineer).
EstimateCategory trend: 2024, +7.0%
Revenue trend (modeled)
~$232.4K2019
~$234.9K2020
~$252.0K2021
~$297.0K2022
~$297.8K2023
~$284.3K2024
Modeled from official industry statistics+4.1%/yr since 201980% confidence band: ±42%
Property
Land use0080
CountyKane
On this lotshared with 5 other businesses
ObservedPublic assessor / cadastre record
Federal support (SBA)
EIDL advance grant (2020)$6.0K · 6 jobs reported
EIDL disaster loan (2020)$41.6K
PPP loan (2020)$17.6K · 9 jobs reported · implies ~$84.5K annual payroll · $17.8K forgiven
Second PPP loan (2021)$19.7K · 6 jobs reported · $19.9K forgiven
Receiving a second draw required certifying a ≥25% revenue drop in a 2020 quarter.
ObservedSource: US SBA public records
Category context
| Businesses | Total revenue | Mean | Median | Median rating | vs median | |
|---|---|---|---|---|---|---|
| Engineer in Illinois | 634 | ~$3.9B | ~$6.2M | ~$2.1M | 5.0★ | 0.1× |
Category revenue trend2024: +7.0%2023: +7.5%2022: +9.0%2021: +5.2%Modeled from business-level estimates
Chain pressure39 chains expanding in this category, led by Siemens, Imeg, Crawford, Murphy & Tilly (+68 locations since 2016)
Revenue trajectory vs benchmarks (indexed, 2019 = 100)
Estimate
Immediate area (1 km)
| Businesses | Total revenue | Mean | Median | Jobs | Estimated wage bill | vs median | |
|---|---|---|---|---|---|---|---|
| 1 km area (all businesses) | 71 | ~$641.6M | ~$9.0M | ~$944.9K | 611 | ~$57.9M | 0.3× |
| Professional, scientific and technical activities | 4 | ~$5.7M | ~$1.4M | — | 22 | — | — |
1 km area (all businesses): median from the 61 of 71 businesses with estimates
Estimate
Area conditions (60123)
Population49,537 ±1,878
Median household income$82,358 ±$5,384
Median home value$233,600
Bachelor's degree or higher0.3%
Unemployment rate0.1%
Source: US Census ACS