Motorola Mobility Bringing 3,000 Jobs, Headquarters to Downtown Chicago
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Video: Chamber President and CEO Jerry Roper discusses Motorola Mobility's move from Libertyville to Chicago with Paris Schutz on WTTW's "Chicago Tonight"
In an announcement with Mayor Emanuel, Smartphone maker Motorola Mobility revealed Thursday it will be moving its headquarters from Libertyville to the top four floors of Merchandise Mart in downtown Chicago.
In a move Mayor Emanuel says will help make Chicago “the digital capital of the Midwest”, Motorola Mobility will relocate 3,000 employees to the city. The company will join technology startup incubator 1871, which has helped contribute to Chicago’s emergence as a blossoming technology hub.
From the Chicago Tribune:
Motorola Mobility, which was acquired by Google Inc. for $12.5 billion in May, will invest $300 million in the move. This figure includes rent on a 15-year lease for nearly 600,000 square feet that includes the top four floors and rooftop of the design center. No employees will be left in Libertyville, which has long been the headquarters for Motorola's cellular handset division. When Motorola Inc. spun off its mobile devices and cable TV set-top boxes into an independent entity called Motorola Mobility at the beginning of 2011, the company kept its headquarters at the Libertyville campus.
There has been no shortage of job creation announcements in Chicago since Mayor Emanuel took office last May, but this announcement stands out because of the number of jobs it will create in the city. Earlier this week, the Mayor announced that property-casualty insurance provider Zurich will be adding 150 jobs in Chicago over the next few years.
The Chamber continues to look for ways to put Chicagoans to work and supports the Mayor in his ongoing efforts to create job growth and infrastructure development in the city.
Click here to read the full Chicago Tribune story.