Assisted Living Concepts LLC will move its corporate headquarters from Menomonee Falls to downtown Chicago by the end of the year.
The shift means the company will move about 100 jobs from Wisconsin to Chicago.
Illinois Gov. Pat Quinn and Chicago Mayor Rahm Emanuel announced the move this week.
ALC is a provider of assisted living with more than 200 residences across the United States.
The company has leased 25,265 square feet at 330 North Wabash in Chicago. Beginning in December, the new space will house ALC’s headquarters and executive team.
“The state’s enduring advantages as a home for companies of all sizes are benefiting its taxpayers and people who seek work,” Quinn said. “Employers who want to be at the epicenter of North American business are driving economic growth throughout the state.”
“As mayor, I am focused on making Chicago the most business-friendly city in the nation, and I am thrilled to welcome ALC as the newest member of our vibrant and engaged business community,” said Emanuel.
“Chicago is a world-class city for business, with a large and diverse workforce to support ALC’s future growth and easy access to transportation options that will enable us to better serve our residents and employees in communities across the country,” said ALC chief executive officer Jack Callison Jr. “We are looking to hire many talented professionals as the company enters this new growth phase, and I am confident that Chicago is the right place to achieve the ambitious goals we have set for ALC’s next chapter.”
ALC is eligible for tax credits under the Economic Development for a Growing Economy (EDGE) program, administered by the Illinois Department of Commerce and Economic Opportunity (DCEO). The tax credits, based on job creation, can be used against corporate income taxes to be paid for up to 10 years.
Increasing the Chicago region’s position as a center for headquarters is a key component of the city’s Plan for Economic Growth and Jobs, called for by Emanuel and currently being implemented by World Business Chicago (WBC).
In May, ALC announced the completion of its acquisition by TPG, a global private investment firm.