Morgan Li, a south suburban furnishing and graphic business, was designated one of 50 quickly growing companies in the Chicago area.
Eileen O’Gorman , Patch Staff
CHICAGO HEIGHTS, IL — A Chicago Heights furniture and graphics business has been included in Crain’s Chicago Business’s Fast 50, a list of the 50 fastest growing companies in the Chicago area.
This is Morgan Li’s fourth year making the list, officials said. The custom furniture, light fixture and graphic maker had to submit financial documents for Crain’s to review before deciding on the top 50 companies. This year, almost 150 companies applied for consideration in the list.
“After the challenges that we and many others faced in 2020, it’s an honor to rejoin the ranks of Chicagoland’s fastest-growing organizations,” said Jonathan Rosenband, President of Morgan Li, in a statemtent. “As one of the 50 finalists and one of the only manufacturers on the list, it’s a testament to the amazing work being done to serve our partners.”
Other companies included in the list were Walker Sands, Rabine Paving, Avionos and Fast Radius.
The south suburban company has been growing quickly, acquiring a new warehouse in December that is expected to add 230,000 square feet of room to the existing headquarters. The warehouse, the company’s third property, is expected to be completed by 2023.
Morgan Li purchased the 1001 Washington Street location last year for $3 million. Officials from the company told Patch the extra space will be used for production, assembly and storage. The company said the new addition will add up to 30 jobs by 2023 and possibly up to 40 by 2024 once upgrades are made.
“It’s been a wild ride, and we have a whole lot of exciting things planned,” said Andy Rosenband, CEO at Morgan Li, in a statement. “We’re thrilled to find ourselves on this list for the fourth time. And with the worlds of retail and hospitality set to evolve in the post-pandemic world, we’re ready to take on our clients’ boldest plans.
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