Sears may take its business elsewhere

June 29, 2011

Produced by Eight Forty-Eight

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(Getty/Mario Tama)
Sears is considering moving corporate headquarters out of Illinois as tax incentives for the company expire in 2012.

Richard Sears planted his roots in Chicago back in 1887 after hiring a watchmaker named Roebuck. After more than a century in business the famous Sears, Roebuck and Co. catalog still offers pretty much everything, from tractors to high chairs. But the company may soon change location. If a series of state and local tax incentives expire next year, Sears may move its headquarters – and thousands of jobs – away from Illinois. And Sears isn’t the only local company considering a change in scenery. Regular business contributor David Greising of the Chicago News Cooperative spoke with Eight Forty-Eight on the possible business exodus.