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Walgreen gets millions to retain jobs

Fri, 03 Aug 2012 11:08:07 CDT
By: AP

Governor Pat Quinn says Walgreen plans to expand its operations in Illinois and create 500 jobs over the next three years. In announcing the expansion Friday, Quinn and Walgreen say the agreement is part of the "Invest Illinois Initiative." It calls for Walgreen to invest $75 million to expand and renovate more than two dozen corporate offices in northern Illinois. Quinn says the expansion will create good paying jobs, attract more investment and help fuel the state's economic recovery.   Under terms of the deal, Walgreen will also be eligible for tax credits tied to retaining 1,500 existing jobs. Quinn's office says the state's targeted investment package is estimated at $47 million. Walgreen currently employs more than 5,000 people at its Deerfield headquarters and surrounding offices.

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