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Well, Illinois just gave Motorola a $100 million tax break not to relocate its mobile division HQ to California so I wouldnt be surprised if they also gave Sears(one of Chicago's most storied companies) incentives to remain in IL.
These companies have learned to hold us hostage havent they?
Yup Panasonic just did the same thing to NJ in order to keep their HQ in state.
I really think that it's going to come down between Atlanta, Houston, or Dallas. All three cities can offer what Chicago offers in terms of business amenities at a lower cost of doing business. All three cities are major airline hubs as Chicago is. All three cities arguably have a better climate than Chicago. When it comes down to the employees, all three cities can offer comparable housing for less money than Chicago.
Looks like whoever puts up the most money in terms of incentives, wins this battle.
My brother's old company moved a lot of their Ops to Charlotte a number of years ago (from NYC) - I'm not sure of the %, but some people moved. You couldn't pay my brother enough to go. Turns about less than a year later most of those transplants got laid off, and Charlotte isn't exactly the hotbed of jobs right now. I'm sure those who got laid off don't care much about their cheaper house and lower COL now that all the jobs dried up. Not to say this will happen with Sears, but it's not an unlikely scenario.
Not really on topic, but I think it would be amazing if they moved back into this and used it as a base for their headquarters, and restored it to it's former glory.
Well since the article was about relocation from IL, I did not put that as a choice.
Staying in Illinois is still an option for the company, which is why the very first sentence in the article states, "Sears Holdings Corp. said Monday it may leave a Chicago suburb..."
And that's probably what will wind up happening anyway.
I knew another large company recently did this, but couldn't think of the name until tahiti mentioned it (Panasonic; they did move but within their home state of NJ). It's par for the course for corporations like this to milk more incentives out of their home states.
Well, Illinois just gave Motorola a $100 million tax break not to relocate its mobile division HQ to California so I wouldnt be surprised if they also gave Sears(one of Chicago's most storied companies) incentives to remain in IL.
These companies have learned to hold us hostage havent they?
Motorola, United, Sears.... shoot I should go visit Chicago again and see if they will pay me to stay.
At least you can't claim they don't try up there in Chicago.
Houston watches their companies walk out the door, and when its halfway down the drive we shout "will you come back, pretty please?"
Motorola, United, Sears.... shoot I should go visit Chicago again and see if they will pay me to stay.
At least you can't claim they don't try up there in Chicago.
Houston watches their companies walk out the door, and when its halfway down the drive we shout "will you come back, pretty please?"
This isn't special to Chicago at all, states all across the country do this for a WIDE variety of businesses. It's basically gotten to the point that it's how you do business now. Texas does it just the same. Different places might typically use different incentives, but it's all for the same goal.
This isn't special to Chicago at all, states all across the country do this for a WIDE variety of businesses. It's basically gotten to the point that it's how you do business now. Texas does it just the same. Different places might typically use different incentives, but it's all for the same goal.
exactly, what do you think is meant when they say Texas is "business friendly"?! LOL
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