01/23/2025 | News release | Distributed by Public on 01/23/2025 11:51
DEERFIELD - Building on Illinois' commitment to expand job creation and support capital investment throughout the state, the Illinois Department of Commerce and Economic Opportunity announced the expansion of Fortune Brands Innovations headquarters in Deerfield.
"The State of Illinois' business attraction incentives are stronger than ever under Governor Pritzker's leadership," said State Senator Julie Morrison (D-Lake Forest). "EDGE incentives are supporting Fortune Brands Innovations' HQ expansion in Deerfield, and I'm proud to see this innovative company poised for continued growth as it creates and retains hundreds of good-paying jobs."
Fortune Brands Innovations - an industry leader in creating home products under brands such as Moen, Larson, SentrySafe and Master Lock - will consolidate and streamline its U.S. divisional headquarters operations into a single global headquarters in Deerfield, creating at least 400 new full-time jobs.
The investment is bolstered by the Senate Democrat-backed Economic Development for a Growing Economy (EDGE) program, which provides annual corporate tax credits to qualifying businesses that stimulate economic growth through job creation and investment. In 2024, companies in the EDGE program committed more than $650 million in investments in communities across the state.
"Fortune Brands Innovations has made a name for itself in Deerfield, and the state's EDGE incentive package is supporting the company's long-term growth in Illinois as it expands its headquarters," said DCEO Director Kristin Richards. "Illinois' competitive business attraction incentives, world-class workforce and strategic location in the Middle of Everything are just a few of the many reasons businesses choose to locate or expand in our great state."
For more information about the EDGE tax credit program, visit DCEO's website.