Gov. Pat Quinn signed into law Friday an incentive package that will keep Motorola Mobility's 3,000 jobs in Illinois and provide for an investment of more than $500 million in research and development over the next three years.
Motorola will keep its headquarters in the Village of Libertyville, Illinois, Gov. Pat Quinn and Motorola Mobility CEO Sanjay Jha announced Friday during a press conference. Surrounded by company employees and leaders donning red "Motorola Mobility Illinois" shirts, Quinn signed into law an incentive package that will not only keep Motorola Mobility's 3,000 Illinois jobs within the state but also mandates that the company invest more than $500 million in research and development over the next three years. The incentive package, offered through the Economic Development for a Growing Economy, or EDGE, tax credit, will allow Motorola to retain its state employee income withholding tax liabilities as long as the jobs are maintained, said …
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Satellites will be used at the company's Future Experience Technology Lab.
At the Dec. 14, village board meeting, trustees approved Motorola Inc.'s request to install five satellites at its Libertyville campus. "Motorola is splitting into two independent entities, in Schaumburg we had a lab and now the people that are moving out of Schaumburg to Motorola Mobility, they are putting a Future Experience Technology Lab in Libertyville," said Jennifer Erickson, vice president of global communications for Motorola Mobility Holdings Inc. On Jan. 4, Motorola will split into Motorola Solutions Inc., and Motorola Mobility Holdings Inc. The dishes will be used at the technology lab to help the company design and develop new products. Customers and employees will also be able to test new equipments at the lab. "It's really …
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derekcrane
8:29 am on Monday, May 9, 2011
Typical of lefty politics -- increase taxes to a point were businesses are encouraged to leave, then offer massive incentives to keep that business in the state. This modus operandi allows lefties like Gov. Quinn to pick winners and losers (thus increasing political power), secure large campaign contributions from prospective companies and appear as heroes to affected workers. It would be much … more ›