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Old 05-23-2011, 01:52 PM
 
Location: Oak Park, IL
5,263 posts, read 8,274,104 times
Reputation: 3324

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Here's another 1000 jobs that are leaving Chicago.

GE Capital promises 1,000 more Chicago jobs - chicagotribune.com


Oops, my bad. These are 1000 jobs that are COMING to Chicago. And by Chicago, I don't mean Hoffman Estates or Oak Brook or Northfield. Apparently no incentives required either.
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Old 05-23-2011, 02:32 PM
 
8,018 posts, read 5,866,638 times
Reputation: 3542
Great news!
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Old 05-23-2011, 03:47 PM
 
Location: Chicago - Logan Square
3,022 posts, read 3,502,680 times
Reputation: 2827
Quote:
Originally Posted by Vlajos View Post
Great news!
Definitely great news - made better by the fact that no tax incentives were offered!


Quote:
At the time, GE was considering which city to expand in. No incentives were promised, Emanuel said...

“It makes sense to grow here, this is already a large location for us,” Henson said, noting the “wealth of financial services and banking talent in the city at very good value,” along with the mayor’s plans for the city. “Pound for pound, Chicago provides a lot of value for us and is a great place to be.”

The jobs will be professional, including sales, marketing, technical, regulatory and recruiting positions, Henson said.
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Old 05-24-2011, 04:55 AM
 
Location: Chicago, IL SouthWest Suburbs
3,528 posts, read 2,954,847 times
Reputation: 6079
So glad to see some good news coming out of the area
Hope to hear more good news soon

these are exactly the kind of jobs illinois needs
higher paying jobs not jobs that are at or slightly above the minimum wage

jobs that an american can latch onto and get ahead of the game

could it possibly be that a company sees the advantage to the many assets this area offers

geographic location
a pipeline to great schools and universities
diversified workforce
a climate that fosters imagination and growth
access to transportation
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Old 05-24-2011, 08:10 AM
 
Location: River North, Chicago, Illinois
3,172 posts, read 3,130,485 times
Reputation: 3062
Quote:
Originally Posted by Attrill View Post
Definitely great news - made better by the fact that no tax incentives were offered!

...

At the time, GE was considering which city to expand in. No incentives were promised, Emanuel said...

“It makes sense to grow here, this is already a large location for us,” Henson said, noting the “wealth of financial services and banking talent in the city at very good value,” along with the mayor’s plans for the city. “Pound for pound, Chicago provides a lot of value for us and is a great place to be.”

The jobs will be professional, including sales, marketing, technical, regulatory and recruiting positions, Henson said.
For those level of jobs, that's probably between $100 and $150 million just in annual payroll - nice!
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Old 12-01-2011, 08:03 AM
 
Location: Andersonville, Chicago
2,187 posts, read 3,400,900 times
Reputation: 885
How about a little update?

Ohio said to offer $400M lure for Sears offices - chicagotribune.com

Quote:
The Illinois governor's office says Ohio has offered $400 million in incentives to lure away Sears' corporate headquarters.

A spokeswoman for Gov. Pat Quinn tells The Columbus Dispatch Ohio's pitch is about four times the offer Illinois has considered making to keep Sears Holdings Corp. from leaving.
At this point, F them. Let them leave. The comment section on this article is right. Sears is and has been on a downward spiral. Anyone who had stepped foot in a K-Mart/Sears knows this. For whatever strange reason, my wife loves to buy the Selena Gomez collection at Kmart, so pity me as I have to go with her.

It'll hurt to lose the jobs, but it hurts more to throw taxpayer money into the dark abyss that is Sears Holdings.
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Old 12-01-2011, 08:12 AM
 
Location: Middletown, Ohio
1,576 posts, read 1,392,572 times
Reputation: 5179
Lightbulb Heyyy Mannheim...

Quote:
Originally Posted by MannheimMadman View Post
How about a little update?

Ohio said to offer $400M lure for Sears offices - chicagotribune.com



At this point, F them. Let them leave. The comment section on this article is right. Sears is and has been on a downward spiral. Anyone who had stepped foot in a K-Mart/Sears knows this. For whatever strange reason, my wife loves to buy the Selena Gomez collection at Kmart, so pity me as I have to go with her.

It'll hurt to lose the jobs, but it hurts more to throw taxpayer money into the dark abyss that is Sears Holdings.
Just curious here...as an Ohioan, I'm kinda on the fence here---my area (SW Ohio/Cincinnati) just lost Chiquita Brands HQ to Charlotte NC

Would the loss of Sears have that big an economic impact on the Chicago area? And where oh where is Ohio gonna get the $400 mil to get Sears?
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Old 12-01-2011, 08:15 AM
 
21,730 posts, read 37,212,462 times
Reputation: 10719
And GE is making up the gap:

GE Capital Jobs

Hmm, 22 postings.... I guess the other 988 were already filled.
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Old 12-01-2011, 08:21 AM
 
Location: Andersonville, Chicago
2,187 posts, read 3,400,900 times
Reputation: 885
I think any time you lose over 6000 jobs, there is going to be an impact. You just have to hope that over time, they will be absorbed. I personally know of 4 people working for Sears in Hoffman, and they'd hate to have to relocate to OH, that's for sure.

Where is OH getting the money? That's a good question. I thought the state of OH was pretty anti-tax and fiscally conservative?

Also, Morningstar has a pretty good analysis of Sears Holdings. Any growth from Sears pretty much hinges on increased demand in appliances. That demand also hinges on demand for housing or new starts. As we all know, we're a LONG, LONG way from getting to where we were.

Kmart/Sears also caters to immigrant/lower income people. As these people are getting squeezed and become poorer and poorer, your expectations of increased demand and revenue for them dwindle.

With Kmart, I don't even know what will happen to them. As I said before, I feel dirty and hopeless every time I walk into one of their stores.
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Old 12-01-2011, 08:33 AM
 
Location: Nort Seid
5,280 posts, read 4,513,919 times
Reputation: 2386
good effin' riddance. subsidizing the building of a manufacturing facility is one thing & can be a necessary evil, subsidizing a bunch of suits is totally different.

for $400,000,000 Ohio can have 'em. I'd rather see that money go directly for jobs to the lower-income people who have been shafted by America outsourcing our manufacturing.
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