One of the largest cement, aggregate and concrete manufacturers in the world will be relocating its U.S. headquarters from Virginia to Illinois. The announcement came Tuesday in Rosemont that Lafarge will be relocating its headquarters to an unspecified location near O’Hare Airport. Illinois has put together a package that includes Edge Tax Credits totaling $6.3 million over 10 years. Companies that participate in the Edge program must achieve certain goals in order to get the tax break.
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Gov. Pat Quinn was able to attract the company to Illinois after he met with company officials during an investment luncheon in Brussels in March. Lafarge chief executive John Stull says relocating to Illinois makes sense as many of their customers are in the Midwest. “The location around O’Hare [Airport] and along the I-294 corridor is an ideal area for us because it is central to our U.S. footprint,” Stull said. “We also appreciate Illinois’ commitment to other sustainable infrastructure projects which will bring long-lasting value to your citizens.” The company will invest $10 million to relocate to Illinois. They currently have 300 employees at locations in the Chicago area and say they will create 90 jobs in Illinois in the first two years and likely more than 100 jobs over three to four years. Lafarge is 150 years old and headquartered in France.