Motorola Mobility’s State Tax Break Has Wiggle Room
The Libertyville-based smartphone company is only required to keep a smaller workforce than the one it employs now.
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Motorola Mobility recently signed a deal with the state of Illinois to keep its headquarters and jobs in the state in exchange for more than $110 million in incentives. The fine print in the deal, however, reveals that the smartphone company is required to keep fewer people than it employs.
According to the Chicago Tribune, the deal only requires Motorola Mobility to retain 2,500 workers. The company employs more than 3,200 people in Libertyville and Chicago.
Gov. Pat Quinn says he has nonbinding verbal agreements to keep 3,000 jobs in Libertyville, according to DailyHerald.com.
For the full stories, visit: www.ChicagoTribune.com and DailyHerald.com.
