Denmark-based water pump manufacturer Grundfos broke ground April 16 on the site of its new North American headquarters in Downers Grove, Ill., a Chicago suburb.

According to recent data from Sageworks, profitability for private companies is at the highest level in a decade. The largest sector of business happens to be construction, which comprises plumbing and heating contractors. The primary reason for this increased profitability? A growing number of plumbing and heating businesses have finally embraced the Internet.

Nonfarm payroll employment increased by 157,000, seasonally adjusted, in January and 2,016,000 (1.5%) since January 2012, the Bureau of Labor Statistics reported Feb. 1. 

IBS would co-locate with KBIS in February 2014 in Las Vegas.