State

State officials: eBay plans to expand into Chicago

CHICAGO – Online auction giant eBay Inc. confirmed Monday that it will expand into Chicago, adding 360 jobs over three years.

The company will lease a 60,000-square-foot office in the city’s Merchandise Mart building downtown, Department of Commerce and Economic Opportunity spokesman David Roeder said.

The company’s senior director for U.S., state and local government relations, David London, said eBay is proud to invest in what it sees as Chicago’s growing tech sector. San Jose, California-based eBay bought Chicago tech startup Braintree for $800 million last year. Braintree provides online and mobile payment services.

“Chicago is a hotbed for innovation and where Braintree got its start,” London said in a news release.

The company will be eligible for an incentives package, Roeder told The Chicago Sun-Times. That package could cut $12 million from eBay’s tax bill over the 10 years if it makes good on a pledge to spend $24 million on the expansion effort. That includes hiring 216 full-time employees by spring of 2016 and 144 more by the following March.

Gov. Pat Quinn said in a statement that he’s thrilled eBay is expanding in Chicago.

“By coming to Illinois, eBay will benefit from our state’s leadership in emerging technologies and access to a workforce with skills that are second to none,” Quinn said.

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