Sears may stay in Illinois after all
The Hoffman Estates, Ill.-based retail giant thanked lawmakers for passing a tax-incentive plan to keep business in the state.
After researching a possible move to Ohio or Texas, Sears yesterday applauded the Illinois General Assembly for its bipartisan support of legislation that Sears said would allow it to maintain its headquarters in Hoffman Estates, Ill.
Sears CEO Lou D'Ambrosio issued the following statement yesterday:
"While this legislation still must be signed by Gov. Quinn, this is an important day in our company's history. Clearly state leaders recognize our impact on the state of Illinois and have taken the step necessary to keep Sears Holdings an Illinois company. Sears Holdings employs 20,000 people in Illinois alone, we work with 9,100 local vendors, contractors and businesses that provide services and goods to the company, and we are a significant taxpayer to the state -- over $213 million last year and billions over the last 20 years.
"All of our Illinois -based associates and I appreciate the efforts of Gov. Quinn, Senate President John Cullerton, House Speaker Michael Madigan, Senate Minority Leader Christine Radogno and House Minority Leader Tom Cross -- as well as House Revenue Chairman John Bradley (D-Marion), Minority Spokesperson David Harris (R-Arlington Heights), and Senate Revenue Chairwoman Toi Hutchinson (D-Olympia Fields) for making our company and future in the state a priority. We are also grateful for the leadership and dedication shown by State Sens. Dan Kotowski (D-Park Ridge) and Matt Murphy (R-Palatine) and Rep. Fred Crespo (D-Hoffman Estates) in working for months to bring this matter to a vote. I also want to thank our associates for their continued focus on our customers and for those who reached out to state lawmakers to reiterate our value to Illinois."
Sears has been in Illinois for almost 125 years.