Walgreen Co. is expanding its headquarters and adding 500 jobs to the state of Illinois. According to Gov. Pat Quinn's office, over the next three years Walgreens Co. has agreed to invest $75 million to expand and renovate more than two dozen of its corporate offices.
The company was offered an estimated $46 million is corporate income tax credits over 10 years, $625,000 in training funds and an additional $875,000 in other tax incentives. The company employs more than 5,000 people in the state.
The new jobs will be corporate positions and will focus heavily on supporting Walgreens' online business and its pharmacy, health and wellness services.
"Walgreens has deep roots in Illinois and is an important part of the region's flourishing health care hub," Quinn said in a statement. "This expansion will create good paying Jobs, attract additional investment to the area and help fuel our economic recovery."
The company's investment is going to be used to make traveling to different corporate offices easir for workers.
Since 2010 Walgreens has invested $104.8 million into Illinois.
"We are proud of our Illinois heritage," Greg Wasson, Walgreens president and CEO, said in a statement. "Just as our stores and pharmacies are health and daily living anchors for the communities we serve, we as a company are now recommitted to serving as an economic anchor for northeastern Illinois. A state and workforce that has served us so well for more than a century will now see our footprint grow even larger."
Walgreens' corporate workforce is housed in 27 different office buildings in Deerfield, Northbrook, Buffalo Grove, Lincolnshire, Bannockburn, Mt. Prospect, Northlake and Chicago.
Walgreens Co. (NYSE: WAG; NASDAQ: WAG) is the largest drug retailing chain in the US. The company operates 8,300 locations across all 50 states.
The company was founded in Chicago in 1901 and was founded by Charles R. Walgreen, Sr.
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