Chicago Real Estate Search Chicago Real Estate Chicago Real Estate Chicago Neighborhoods Downtown Chicago Condos Weekly Email Subscription
Welcome to Chicago Homes for Sale by Dean's Team Sign in | Help

BlogChicagoHomes.com

Most Complete Chicago Real Estate Blog! Daily Updates on Chicago Homes for Sale and Real Estate . . . Great Chicago Neighborhoods . . . Living in Chicagoland . . . Your Comments Welcome!

Tags

News

  • Real Estate Blog

Archives

GOT BEER? Here in Chicago, "YES!" Beer Giant MillerCoors to Relocate To Chicago!

CITY, STATE OF ILLINOIS OFFERS BREWER NEARLY $20 MILLION IN INCENTIVES TO MOVE HERE!

A long time ago, nearly a dozen brewers called Chicago home.  The Peter Hand Brewing Company on the Near South Side produced the now-defunct Meister Brau, and, later, the Old Chicago brands.  Falstaff Beer was brewed here.  Go back further for Fox Deluxe, and other formerly-prominent beer names.

All of these regional and national breweries closed, however.  Today, only small-batch brew pubs remain.

Until now, that is!

Beginning in Spring, 2009, MillerCoors, the joint venture between Milwaukee-based SAB Miller and Denver-based Molson Coors, will have its corporate headquarters here.  Chicago beat out Suburban Dallas TX for the beer prize this time.

Incremental jobs coming to Chicago as a result of the move - only 300 to 400.  But the prestige of landing another major packaged goods headquarters here - adding to newer arrivals United Airlines (from Chicago suburban Elk Grove Village) and Boeing (from Seattle WA) - adds sparkle to the vibrancy of Chicago, many believe.

Many experts in economic development feel Chicago offers a healthy, diverse economy, with oodles of recreational and cultural amenities that can draw highly-skilled workers.  According to MillerCoors President Tom Long, Chicago has "access to an attractive base of talent, transportation and business resources." 

Says Julian Green, a MillerCoors spokesman,  Chicago also offers "a long-established a hub of marketing and advertising." DraftFCB in Chicago is Coors' lead ad agency. Starcom here is Miller's media buyer, while Y&R's Chicago office handles the Miller Genuine Draft account.

Chicago has offered upwards of $2.5 Million in tax-increment financing to the beer giant.  The State of Illinois has antied up a nearly $18 Million package of assistance, involving primarily income tax rebates.

Perhaps, with the corporate move, Chicago might become "Sudstown" once again!   Eliot Ness and his legendary Untouchables are probably spinning in their graves!

For more info, check out Mike Hughlett's story in Tuesday's Chicago Tribune.

DEAN MOSS & DEAN'S TEAM CHICAGO

Posted: Thursday, July 17, 2008 8:32 PM by Dean's Team

Comments

No Comments

Anonymous comments are disabled