Illinois Corporate Moves
Astrellas Pharma U.S. Picks Glenview, IL for Headquarters
Gov. Pat Quinn has announced an approximately $4 million investment package to assist Astellas Pharma US, Inc. in establishing their new corporate headquarters for the Americas in Glenview. The stateâ€™s business package will leverage $140 million in private investment and will create 150 new jobs, further strengthening the economy of Northeast Illinois.
â€śI am pleased Astellas selected Illinois for its new headquarters for the Americas,â€ť said Gov. Quinn, who attended the companyâ€™s groundbreaking ceremony. â€śThis major investment will create new jobs and generate economic activity throughout the region. At the same time, this decision highlights Illinois role as a Midwestern leader in the life sciences business and its emergence as a vital base of operation for the biopharmaceutical industryâ€™s future growth.â€ť
Construction of the new headquarters is scheduled to be completed in the spring of 2012. It will include two six-story buildings totaling 425,000 square feet. The buildings and site will emphasize sustainability and the complex is designed to achieve LEED Gold certification. The companyâ€™s current Deerfield-based employees will be relocating to the new headquarters.
â€śAt Astellas, we measure success not only by bringing innovative and effective pharmaceuticals to patients and physicians, but also by our contributions to local communities and protection of the environment,â€ť said Seigo Kashii, president and CEO of Astellas Pharma US, Inc. â€śToday we are fulfilling our vision for continued growth through our groundbreaking for a new corporate headquarters.â€ť
The stateâ€™s investment package, administered by the Department of Commerce and Economic Opportunity (DCEO), will consist of Economic Development for a Growing Economy (EDGE) corporate income tax credits, which are based on job creation, and Employer Training Investment Program (ETIP) job training funds that will help enhance the skills of its workforce.
â€śIn order for our economy to continue growing, we must continue making strategic investments on the local level that will create jobs and support long-term sustainable growth,â€ť said DCEO Director Warren Ribley. â€śOur investment in Astellas will pay dividends for this region and the state.â€ť
Astellasâ€™ expansion will also support Illinoisâ€™ growing life sciences industry. Illinoisâ€™ biopharmaceutical industry, which is supported by the stateâ€™s highly-regarded federal labs and top-notch research universities, directly employs more than 40,000 people and supports more than 112,000 indirect and induced jobs.
BOMAG Americas to Locate Plant in Kewanee
The Illinois Department and Commerce and Economic Opportunity (DCEO) and BOMAG Americas, Inc. have announced that the company will consolidate its domestic manufacturing operations, currently located in Illinois and Missouri, to the companyâ€™s U.S. headquarters located in Kewanee. The investment is contingent upon the retention of 100 jobs, and will help further economic development in the region.
â€śManufacturing is critical to the Illinois economy and the Midwest. This investment will help ensure Illinois can continue to keep good-paying manufacturing jobs in the state, while helping Bomag continue to grow their operations,â€ť said DCEO Director Warren Ribley.
The state of Illinois is providing a $400,000 business investment package, which will leverage $2 million in private investment by the company.
The business investment package, administered by DCEO, includes Economic Development for a Growing Economy (EDGE) corporate income tax credits which are based on job creation and Employer Training Investment Program (ETIP) job training funds that will help enhance the skills of its workforce.
â€śWe at BOMAG Americas are excited that the State of Illinois is willing to provide this incentive in such difficult economic times. It remains our goal to be a competitive manufacturer on a global basis. This incentive combined with other recent initiatives will help maintain jobs in our backyard,â€ť said BOMAG Chief Financial Officer Chris Cyr.
BOMAG is a world leader in compaction equipment manufacturing. Ranging from vibratory tampers and plate compactors to recycling equipment and landfill compactors, Bomag has the largest line of the finest compaction equipment in the world. Bomag employs more than 1500 people worldwide and has major manufacturing plants in Europe, North America and Asia and a growing number of subsidiary companies around the world.
State Wins $60 Million in ARRA Funds for Broadband
Illinois has won more than $60 million dollars in federal funding for broadband through the American Recovery and Reinvestment Act (ARRA), the governorâ€™s office recently announced.
â€śBroadband technology is a key to improving employment, health care, public safety and education opportunities in our state,â€ť said Gov. Pat Quinn.
â€śSo far we have helped win more than $60 million dollars in federal aid for Illinois broadband technology projects, and through our capital program and the support of state agencies, we will keep pushing.â€ť
In the last two months, broadband infrastructure projects in Champaign and DeKalb together won more than $30 million, and three Illinois-based, broadband-enabled health information technology programs collectively received more than $30 million in federal funding through the ARRA stimulus program.
The Illinois Jobs Now! capital program, a job generation and capital improvement program that will revive the stateâ€™s ailing economy by creating and retaining over 439,000 jobs over six years, designated $50 million dollars to use as local match for exceptional, federally-funded broadband projects capital program. The state is using the Illinois Jobs Now! program as a conduit to access more than $3.7 billion in ARRA funding.
Governor Quinn also saluted the authors of the National Broadband Plan, released last week by the Federal Communications Commission (FCC). The plan recognizes Illinoisâ€™ role in developing technology policies that align with the stateâ€™s economic development, education and health care goals.
â€śThe National Broadband Plan encourages us to continue building up our communities with affordable, world-class, high-speed Internet services,â€ť said Gov. Quinn. â€śIn Illinois we are committed to working with local, state and federal leaders in the public and private sectors to secure more funding to accelerate our technology accomplishments.â€ť
Federal broadband infrastructure funding is awarded competitively by the U.S. Department of Commerceâ€™s National Telecommunications and Information Administration (NTIA) and the U.S. Department of Agricultureâ€™s Rural Utilities Service (RUS). In addition to these matching commitments, the state funded grant writing assistance for Illinois-based ARRA broadband applicants.