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Stock impact report

Coffee company wants to open 1st Illinois location at Orchard Town Center in Glen Carbon [Yahoo! Finance]

Dutch Bros Inc. (BROS) 
Company Research Source: Yahoo! Finance
Erika Heil, Glen Carbon's community development director, wrote in a June 21 memo to the Building and Development Committee that Dutch Bros Coffee is “looking to invest in the Village” and open its first Illinois location. According to the memo, Heil, Public Works Director Scott Slemer, and Village Administrator Jamie Bowden met with Dutch Bros to review the coffee company's concept and made plans to proceed with site plan review. Heil wrote that she supports a favorable recommendation by the committee to move forward with the development. The site for the proposed business is at Orchard Town Center's outparcel 12-b, which is at the southeast corner of the development, behind an AT&T store at the corner of Center Grove Road and Troy Road. Tim Lowe of the Staenberg Group, the development company for Orchard Town Center, could not comment at this time because there's not yet a formal agreement with Dutch Bros Coffee. The business is still in the early planning stages with the Show less Read more
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