CDA Mines Announces Big Move | Business
Coeur d'Alene Mines Corp. announced on Wednesday morning that the company will be relocating their headquarters to Chicago later this year.
The mining company employs over 2,000 people world wide and has been working out of Idaho for 85 years, first in the Silver Valley and from Coeur d'Alene since 1985. They currently hold mining interests in Nevada, Alaska, Mexico, Bolivia, Argentina and Australia.
The relocation has been in the works since last summer and 16 cities were initially considered. Governor Pat Quinn of Illinois finally won over the global company by offering a package of cooperate income taxes and job training funds worth $1.68 million. There will also be a name change following the annual meeting in May where they will become Coeur Mining.
65 people are currently employed at the Coeur d'Alene headquarters. All current employees were given the option to relocate to Chicago and only about 30 per cent of them chose to. Those who opted out of relocation can remain with company until the official move in September of this year.