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.