Saturday, May 07, 2011

Capital Fax: Motorola Mobility gets huge state tax credit

Miller's got the story over at Capital Fax on this,
Gov. Pat Quinn says the state of Illinois will provide $100 million in tax credits to Motorola Mobility as part of a deal with the company to keep its headquarters in the Chicago suburb of Libertyville.

Under the deal announced Friday, the Motorola spinoff will keep a workforce of about 3,000 at the facility. Motorola Mobility designs mobile phones and other related products.
My first thought was all the money Illinois spent to induce Motorola on that huge facility in Harvard that quickly became vacant and stayed that way for years.

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