Governor Quinn announces $3.5M To Groupon To Create 250 New Jobs

By October 20, 2010

Oct. 19, 2010:
Today Illinois Governor Pat Quinn announced a $3.5 million business investment package to create 250 new jobs at Chicago-based Groupon, Inc.

“Groupon helps consumers throughout the world save money, while dramatically boosting local businesses,” said Governor Quinn. “This investment package will help this fast-growing and cutting-edge company expand in Illinois, creating even more good jobs and great deals. More and more high-tech companies are making Illinois home, driving our economic recovery and putting people back to work.”

The state’s $3.5 million business investment package will allow Groupon to hire 250 new employees at its headquarters in Chicago. Without this state support, the company would have utilized its offices in other states for its continued growth. Groupon is one of the fastest growing companies in Illinois, increasing from seven employees in 2008 to more than 900 at its Chicago headquarters today. It has more than 2,500 employees worldwide.

“Groupon is happy to be able to continue attracting world-class talent in Chicago,” said Rob Solomon, President and Chief Operating Officer at Groupon. “We thank Governor Quinn and the state of Illinois for putting together an incentive package that allows us to further expand our workforce.”

The Illinois Department of Commerce and Economic Opportunity (DCEO) is administering the $3.5 million business investment package. The package includes Economic Development for a Growing Economy (EDGE) corporate tax income credits over the next 10 years based on job creation, and Employer Training Investment Program (ETIP) job training funds that will help enhance the skills of its workforce.