News...
                        sponsored by

Better (business) climate: Office Depot picks FL over IL for new headquarters

Send a link to a friend 

[December 11, 2013]  By Benjamin Yount

SPRINGFIELD (Illinois Watchdog) Office Depot chose Florida for its new corporate headquarters because of that state's climate for business.

Sunny skies and warm temperatures don't hurt, either. Sorry, Illinois.

"We need to create a better business environment," state Rep. David McSweeney told Illinois Watchdog after learning the company was leaving the state. "We need to cut tax rates across the board."

NOT OUR GAME: McSweeney said Illinois lawmakers should lower taxes for all businesses, not just some.

Office Depot and Office Max merged, creating two corporate headquarters, in Boca Raton, Fla., and Naperville. One had to go.

Company executives asked Illinois and Florida for a sales pitch to land hundreds of jobs and a sprawling headquarters campus.

Illinois offered a slate of tax incentives, which McSweeney never liked.

"Government should not be picking winners and losers," he said.

[to top of second column]

Florida was the better choice, a company statement said.

"The decision is the result of a thorough evaluation that took into account a number of important factors, including the cost to operate each headquarters location, lease obligations and sublease considerations, tax implications, government incentives, ability to add associates and incorporate functions in the current space, and people-related costs," a statement from Office Depot read.

"The message is; (Illinois) needs to cut tax rates across the board, defeat the graduated income tax, and create a better business environment across the state," McSweeney said.

___

Contact Benjamin Yount at Ben@IllinoisWatchdog.org and find him on Twitter:  @BenYount.

[This article courtesy of Illinois Watchdog.]

< Top Stories index

Back to top