Deerfield, Illinois is gearing up for a business boost as Governor JB Pritzker, alongside Fortune Brands Innovations and the Illinois Department of Commerce and Economic Opportunity (DCEO), announced substantial investments in the expansion of the company's headquarters, a move set to create hundreds of new jobs and affirm Illinois' position as a dynamic hub for business, reports from the state's news release show.
In what is hailed as a strategic measure for the global company, Deerfield will experience the consolidation of Fortune Brands' U.S. divisional headquarters, transforming into a singular global hub by the year 2027, the enterprise will employ over 1,000 associates, ultimately accelerating innovation and digital solutions for their home and security products Nicholas Fink, Chief Executive Officer of Fortune Brands, shared the company's extensive nation-wide search before choosing Illinois, citing the strong labor force and competitive incentives as pivotal in this decision.
The Economic Development for a Growing Economy (EDGE) program propels this venture, offering a tax credit to Fortune Brands Innovations, ensuring the creation and retention of more than 500 jobs in the region; the company is expected to invest significantly as part of the EDGE agreement, which was pivotal in their selection of Illinois over other states.
Local leaders expressed their optimism, with Deerfield Mayor Daniel C. Shapiro excited about the company's growth in the village, and Lake County Partners president and CEO Kevin Considine highlighting the demand for top-tier office spaces as a driver for expansion.
About Fortune Brands Innovations: Positioned as a titan of innovation in the home, security, and commercial building markets, Fortune Brands Innovations is known for its suite of storied brands like Moen, Therma-Tru, Master Lock, and Yale residential, each contributing to their mission of crafting smarter, safer, and prettier living spaces.
