{"id":1004106493,"date":"2014-10-29T14:31:07","date_gmt":"2014-10-29T22:31:07","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=302914"},"modified":"2021-05-14T16:54:59","modified_gmt":"2021-05-15T00:54:59","slug":"amazon-to-invest-75m-in-first-illinois-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/amazon-to-invest-75m-in-first-illinois-facility\/","title":{"rendered":"Amazon to Invest $75M in First Illinois Facility"},"content":{"rendered":"

By Ioana Neamt, Associate Editor<\/em><\/p>\n

\"\"<\/a>Amazon.com, Inc., together with Illinois state officials, recently revealed plans to develop the company\u2019s first facility in The Prairie State. The Seattle-based company will soon start site selection activities and intends to open the new distribution center next year, according to a news release. Amazon\u2019s new facility is also expected to bring more than 1,000 jobs and $75 million in investment to the state of Illinois.<\/p>\n

“With our top-notch transportation network and skilled workforce, Illinois has much to offer innovative companies seeking to expand their operations, especially those, like Amazon, seeking to better serve their customers in the most populous state in the Midwest,” U.S. Senator Dick Durbin said in a news release.<\/p>\n

Amazon plans to create more than 1,000 new full-time jobs in Illinois by 2017, and will start hiring next year. Full-time employees of the company are eligible for comprehensive benefits including healthcare, 401(k) with 50 percent match, stock, bonuses, competitive wages and innovative programs such as Career Choice.<\/p>\n

\u201cWe thank Governor Quinn and Senator Durbin for their leadership, and we\u2019re thrilled to create in Illinois more than 1,000 full-time jobs and $75 million in investment,\u201d said Paul Misener, Amazon vice president, global public policy. \u201cThe state of Illinois has an excellent workforce and we\u2019re excited to roll up our sleeves and find the right locations, break ground, and start hiring.\u201d<\/p>\n

Amazon.com, Inc. would be required to collect and remit state sales taxes for its new property just like any other retailer, according to information collected by the Chicago Tribune<\/a><\/em>. Vice President Paul Misener also stated\u00a0that Amazon intends to develop a number of facilities in the state, and is looking into sites in the Chicago area.<\/p>\n

Amazon\u2019s latest announcement is meant to emphasize the fact that the economy of Illinois is recovering well after the recession. Recent data collected by Marcus and Millichap<\/a><\/em> shows that the state\u2019s unemployment rate fell from 9.2 percent to 6.7 percent in one year, the largest year-over-year decline since 1984.<\/p>\n

Logo courtesy of Amazon.com, Inc.<\/em><\/p>\n

Click here<\/a> for more market data on the Chicago area<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Amazon.com, Inc., together with Illinois state officials, recently revealed plans to develop the company’s first facility in The Prairie State.<\/p>\n","protected":false},"author":192,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21742],"tags":[],"class_list":["post-1004106493","post","type-post","status-publish","format-standard","hentry","category-chicago","category-latest"],"acf":[],"yoast_head":"\nAmazon to Invest $75M in First Illinois Facility - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/amazon-to-invest-75m-in-first-illinois-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amazon to Invest $75M in First Illinois Facility\" \/>\n<meta property=\"og:description\" content=\"Amazon.com, Inc., together with Illinois state officials, recently revealed plans to develop the company’s first facility in The Prairie State.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/amazon-to-invest-75m-in-first-illinois-facility\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-10-29T22:31:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-15T00:54:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/10\/VfFsy8u_.png\" \/>\n<meta name=\"author\" content=\"Ioana Neamt\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/amazon-to-invest-75m-in-first-illinois-facility\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/amazon-to-invest-75m-in-first-illinois-facility\/\",\"name\":\"Amazon to Invest $75M in First Illinois Facility - 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