WGIL News Audio: 7am News, Sports and Obits click HERE | For the latest WGIL news click HERE

State Officials: eBay Plans to Expand Into Chicago

WGIL Newsroom . State News 109

CHICAGO (AP) — Illinois officials say that online auction giant eBay Inc. will expand into Chicago.

The Chicago Sun-Times reports that eBay will hire 360 employees over three years and lease a 60,000-square-foot office in the city’s Merchandise Mart building.

Department of Commerce and Economic Opportunity spokesman David Roeder says the company will be eligible for an incentives package. That package could cut $12 million from eBay’s tax bill over the 10 years if it makes good on a pledge to spend $24 million on the expansion effort. That includes hiring 216 full-time employees by spring of 2016 and 144 more by the following March.

San Jose, Calif.-based eBay bought Chicago tech startup Braintree for $800 million last year.

Gov. Pat Quinn says he’s “thrilled” that eBay is expanding into Chicago.

All AP stories are Copyright 2014 by The Associated Press. All Rights Reserved.

The following provision applies to all visitors (which shall include persons and representatives of legal entities, whether such representatives are persons or digital engines of a kind that crawls, indexes, scrapes, copies, stores or transmits digital content). By accessing this Web site or digital service, you specifically acknowledge and agree that: (i) Associated Press text, photo, graphic, audio and/or video material shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium; (ii) No Associated Press materials nor any portion thereof may be stored in a computer except for personal and non-commercial use; (iii) The Associated Press will not be held liable for any delays, inaccuracies, errors or omissions therefrom or in the transmission or delivery of all or any part thereof or for any damages arising from any of the foregoing; (iv) The Associated Press is an intended third party beneficiary of these terms and conditions and it may exercise all rights and remedies available to it; and (v) The Associated Press reserves the right to audit possible unauthorized commercial use of AP materials or any portion thereof at any time.