When the Motorola Phone rings...listen to the details

Motorola Mobility could lay off 790 and earn state tax break - chicagotribune.com: "In May, Gov. Pat Quinn announced that the state put up the incentives to persuade Motorola Mobility to keep its corporate headquarters inLibertyville and retain about 3,000 jobs.

What was not disclosed at the time is that the agreement specifically requires Motorola Mobility to retain a workforce here of 2,500 workers. The company disclosed in the contract that it employs 3,290 people at its locations in Libertyville and Chicago, which therefore allows it to downsize and still get the credits.

That detail was contained in the state's contract with Motorola Mobility, one of 10 tax incentive contracts the state provided to the Chicago Tribune as a result of a Freedom of Information Act request. Motorola Mobility's contract represents about half of the $217 million in tax credit deals the state has made this year.

The contract Motorola Mobility negotiated potentially gives it at least $113.7 million in tax credits over 10 years. In return, the company agreed to invest $600 million in the state, including $30 million in capital improvements, besides committing to the workforce of 2,500, though both sides at the time said the deal would keep about 3,000 jobs in the state."