Investment Will Spur Economic Growth in Northeast Illinois
CHICAGO - August 27, 2010. Governor Pat Quinn today announced that the state is providing a business investment package to Stericycle, Inc., a leading national medical waste disposal service company. The investment package helped Stericycle relocate its call center operations to a larger facility in Northbrook. The move is resulting in 25 new jobs being created and 360 jobs being retained.
"This investment is contributing to a stronger local economy by creating and retaining hundreds of jobs in the Chicago area, and more opportunities for the company to grow in the future," said Governor Quinn. "By investing in companies like Stericycle that are investing in Illinois, we are helping to get our economy back on track and putting more people to work."
Stericycle was established in 1989 and operates in countries throughout the world. It is the leading national medical waste service provider, as well as the leading product recall services company. As a result of increased growth in recent years, the company relocated its sales and marketing operations from Lake Forest to an expanded facility in Northbrook.
"We are pleased that we were able to keep our information technology group and our sales and marketing call centers in Northern Illinois as we have a long history here, dating back to 1989," said Charlie Alutto, President of Stericycle US. "We are committed to investing in the state of Illinois, creating jobs here and we are very grateful to the DCEO, Governor Quinn, Illinois Senator Link and Illinois Representative Sente for their support."
The Illinois Department of Commerce and Economic Opportunity (DCEO) is administering the nearly $2.4 million business investment package. The package includes Economic Development for a Growing Economy (EDGE) corporate tax income credits over the next 10 years based on job creation and Employer Training Investment Program (ETIP) job training funds that will help enhance the skills of its workforce.
"By working with Illinois companies like Stericycle to ensure their facilities and workforce are top of the line, we're giving them the tools they need to increase their competitiveness and keep the Illinois economy moving forward," DCEO Director Warren Ribley said.
Illinois has added more than 43,000 new jobs in 2010.
Stericycle, Inc. is a business service company that specializes in "Protecting People, Reducing Risk." Stericycle works with companies in a wide array of industry - such as health care, manufacturing and retail - to improve employee and customer safety, ensure regulatory compliance, safely dispose of regulated materials, and manage corporate and personal risk. The company's services include : medical waste disposal, product recall and retrieval service, OSHA compliance training, hazardous and pharmaceutical waste disposal and medical safety product sales.
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