Illinois will lose 1,600 jobs after Office Depot said Tuesday that it will keep its headquarters in Florida after its merger with Naperville-based OfficeMax. The move comes just a week after the state Legislature declined to give the company millions in tax breaks.
The state senator who sponsored the bill that would have given Office Depot a tax package worth $53 million regretted that lawmakers didn’t agree to the deal. But some experts said that, given the state’s bad financial situation, not offering tax breaks might have been a smart move. (Read Full Article Here)