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Benzinga
Benzinga
Business
Akanksha Bakshi

Deere Plans To Open New Chicago Office In 2022

  • Deere & Co (NYSE:DE) expands its U.S. footprint with a new Chicago office, expected to open in late summer/early fall 2022. The new space is located in the Fulton Market neighborhood.
  • Deere plans to add 150 Information Technology jobs over the next two years, with the goal of hiring a total of 300 positions to support IT and additional roles within the company.
  • The facility will target IT capabilities in eCommerce, cloud, data and analytics, and various innovation-related technical skills. 
  • The investment includes an EDGE agreement offered by the Illinois Department of Commerce and Economic Opportunity (DCEO).
  • Price Action: DE shares are trading lower by 2.24% at $350.23 on the last check Monday.
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