News

eBay Invests in Illinois

eBay Invests in Illinois

Illinois officials say that online auction giant eBay Inc. will expand into Chicago.

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.

Recent Headlines

in Entertainment

‘Scary Lucy’ is getting a facelift

Fresh
24-overlay5

The Lucille Ball statue that haunted a New York town is finally going to be replaced.

in Music

Harry Styles and Mick Fleetwood are unlikely pen pals

harrystyles

The One Direction star has struck up an unlikely friendship with the classic rocker.

in Sports, Viral Videos

Watch Steph Curry’s adorable daughter steal the post-game presser – again

11-overlay8

Riley Curry is the hottest sports baby in the game right now.

in Music

Taylor Swift lands fourth Billboard No. 1 single

taylorswift

"Bad Blood" has knocked Wiz Khalifa out of the top spot.