Walgreen Co., the pharmacy operator, plans to expand operations in Illinois and create 500 jobs over the next three years. Gov. Pat Quinn said the agreement between Walgreen and the state is part of the “Invest Illinois Initiative.” It calls for Walgreen to invest $75 million to expand and renovate more than two dozen corporate offices in the state. Quinn says the expansion will create good paying jobs, attract more investment and help fuel the state’s economic recovery.
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Walgreen will also be eligible for tax credits tied to retaining 1,500 existing jobs. The corporate income tax credits over the next 10 years are estimated at $47 million.
Walgreen currently employs 5,000 people at its Deerfield headquarters and surrounding corporate offices and more than 24,000 in its drug stores across the state.