Gov. Bruce Rauner will reportedly uphold tax incentives offered to ConAgra Foods to lure the company to set up shop in Chicago. The prepared food company owns brands that include Slim Jim, Chef Boyardee, and Hebrew National.
The company would be moving its headquarters from Omaha, Nebraska to the Windy City. If the deal goes through, the company is expected to lease some 180,000 to 200,000 square feet of space at the Merchandise Mart. The massive office space can house some 1,000 workers, many of whom are expected to come from the company's office in Naperville as well as the current Omaha headquarters.
The details on the package have not been released, but it is rumored that the deal includes Edge tax incentives, which are meant "to encourage companies to locate or expand operations in Illinois when there is active consideration of a competing location in another state," according to the Illinois Department of Commerce and Economic Opportunity's website.
Although Rauner put a freeze on such tax incentives until the budget battle has ended, the ConAgra deal would reportedly still go through because it was set up prior to the kibosh being put on such corporate bait.
ConAgra's CEO, Sean Connolly, lives in Winnetka, the same town in which Gov. Rauner resides.