Manager of Economic and Business Development, ComEd
Ed Sitar (pronounced “sitter”), Manager, Economic and Business Development, ComEd is responsible for the company’s economic development functions in the areas of marketing and promotion, business retention and new customer attraction with a strong emphasis on the data center industry. Ed has also been instrumental in the formation of a new regional economic development umbrella organization called the Metro Economic Growth Alliance of Chicago (MEGA). MEGA Chicago is comprised of 10 county-wide ec development organizations and the City of Chicago’s public-private partnership (World Business Chicago) and is focused on growing the economy of Northeastern Illinois through coordinated, effective business development. onomic ComEd is a unit of Chicago-based Exelon Corporation, one of the nation’s largest electric utilities with more than $14 billion in revenues and a customer base of five million. ComEd provides services to approximately 3.7 million customers across Northern Illinois, or 70 percent of the state’s population. For over 14 years, Ed has managed ComEd’s efforts to attract new business to the Northern Illinois region by working closely with municipalities, regional economic development organizations, and the State of Illinois. ComEd nationally promotes Northern Illinois as a desirable business location to growing businesses. Specifically, Ed promotes ComEd’s highly publicized Energy Infrastructure Modernization Act (i.e., smart grid), Illinois’ electricity customer choice (i.e., deregulation) as well as ComEd’s energy efficiency incentive programs as critical factors to success in today’s high-tech business world. ComEd and its partners together have successfully created over 10,000 new jobs in Northern Illinois since 2000. Ed has also managed ComEd’s Business Visitation and Retention program, including a large-scale effort in the City of Chicago known as the Chicago Industrial Trend Report. The Chicago project was named best in class by the Business Retention and Expansion International (BREI) association in 2005. ComEd’s program provides a tool to economic development organizations and municipalities to help them keep their finger on the pulse of the local economy and ensure existing businesses in Northern Illinois remain economically viable. ComEd and its partners have visited over 2,200 manufacturing businesses representing over 271,000 jobs in Northern Illinois. Ed started with ComEd in 1994 as an analyst in the Least-Cost Planning Department. He was involved with energy efficiency program planning including: program development, implementation, evaluation, and analysis.