Sears Holdings Corp. is considering moving its Hoffman Estates headquarters out of Illinois in a bid to cut costs, according to a source familiar with negotiations.
The retailer is in early talks with officials from several states, including New Jersey, Ohio, North Carolina, South Carolina, Texas and Georgia, the source said.Gov. Pat Quinn said Monday that his office is working with Sears to keep the company in Illinois, saying he has a good relationship with company officials and has met with them on other issues.
Quinn said the company is benefiting from a tax deal with the state, which expires next year, and he's willing to consider a similar arrangement as long as they "do something for the people. They have to make investments in Illinois."
Way to Go Quinn
Motorola manages to get $100 million that Illinois doesn't have, and what happens next? Sears wants theirs:
"...do something for the people." The article states that Sears has been moving it's corporate "decision making" operations out of Illinois for years. But they seem to have found a willing patsy in Quinn to give them lots of money for ever smaller returns.