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Coeur Mines To Move HQ To Chicago

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Coeur Mines To Move HQ To Chicago

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Mayor Rahm Emanuel's office on Wednesday announced a mining company has chosen Chicago as its corporate headquarters' new home.

Coeur Mines will move its headquarters here from Idaho later this year, bringing 160 jobs to the city. The company expects to add the jobs by the end of 2014. Emanuel's office said Chicago beat out Denver and Dallas to become Coeur's new home.

“Coeur could have chosen any number of cities for its home, but they chose Chicago because Chicago gives the company its best opportunity to grow, expand and thrive,” Emanuel said. “Coeur needs a global city with a deep talent pool and access to international markets.”

“Coeur today joins the growing number of companies that are choosing Illinois to invest and grow their business,” Gov. Pat Quinn said. “With our diverse economy, our pool of highly-skilled workers and our world-class transportation infrastructure, Illinois has what it takes for businesses to grow."

Illinois offered the company a 10-year tax credit package worth $1.68 million under its Economic Development for a Growing Economy program. Coeur is eyeing office space on South Michigan Avenue.

Coeur mines silver and gold in Alaska, Nevada, South America, and Australia.

This is the 14th company to move its headquarters to Chicago during the Emanuel administration, the mayor's office said.

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