US: Lafarge North America will relocate its headquarters from Virginia to Illinois, a move that is expected to create around 100 jobs.
The company, currently based in Reston, already has a presence in Illinois with a facility in South Chicago and about 300 employees in the state. The relocation would move its administrative offices and create around 90 jobs in the first two years. Company officials haven't determined a timeline for the move or the exact location but said the new headquarters would be near Chicago's O'Hare International Airport.
"The location and all of the infrastructure this area offers is very important: the airport, the trains, the rivers, the lakes and the roads," said John Stull, a CEO for Larfarge's cement and aggregate concrete operations. He added that the company does a majority of its business in the Midwest and a Chicago-area location made sense.
In exchange, Illinois is offering about US$6.3m million in tax incentives to the company, which the company only gets if it meets certain job creation and economic targets. Despite this Illinois has come under fire in recent months with some business groups and companies alleging an unfriendly business climate because of high taxes and state budget woes including US$8bn in unpaid bills.
