Sara Lee is coming home
Chicago Mayor Rahm Emanuel announced that Sara Lee Corp. is relocating its new North American Meats corporate headquarters from Downers Grove to Chicago's 400 S. Jefferson Street (click to see the location on Google Maps), in early 2013, bringing at least 500 positions to the City.
Sara Lee announced earlier this year that it would split into two separate pure-play companies in the first half of calendar year 2012, an International Coffee and Tea business and a North American Meats company. Names for the two companies will be unveiled at a later date.
"This is a huge win for the City of Chicago, as Sara Lee Corp. has chosen the city to be the home of the new North American Meats company," says Mayor Emanuel. "The new company will bring these high-paying jobs to the city, as well as its first-class brands and leadership in this key sector."
Sara Lee will receive between $5 million and $6.5 million in TIF assistance, based on the number of jobs created, pending Community Development Commission approvals."
"Today, we strengthen our long relationship with our hometown, the city of Chicago," says Jan Bennink, executive chairman, Sara Lee Corp. "This move will put our new company's headquarters in the heart of one of the world's business capitals and will be one of the key elements of building our more nimble, creative and innovative culture."
We Chicagoans are delighted to welcome you back.