« Law - C-SPAN tries again | Main | Environment - More on logging in state forests »

Wednesday, October 05, 2005

Ind. Econ. Dev. - "Mittal to put US headquarters in Chicago Loop"

"Mittal to put US headquarters in Chicago Loop" is the headline to a Chesterton Tribune story by Kevin Nevers, dated 10/4/05. Some quotes:

Pot-sweeteners and kind words weren’t enough to persuade Mittal Steel Company (MSC) to locate the headquarters of its U.S. operations in Northwest Indiana.

Instead the company will establish its HQ in an existing building at 1 S. Dearborn St. in Downtown Chicago sometime in the first quarter of 2006, John Mang, executive vice-president of Operations West, told the Chesterton Tribune today.

“They were looking for a site that would portray the largest steel company in the world, the headquarters of its U.S. operations,” Mang said. “And certainly the City of Chicago has an appeal for customers in the U.S. and customers around the world.” * * *

In fact, a Northwest Indiana HQ was probably never in the cards anyway, and not just because Chicago is the financial capital of the Midwest and one of the world’s great cities to boot. It’s also close to O’Hare and Midway airports, and Mang conceded that that proximity “certainly helps” make Chicago a better overall site. “We do a lot of traveling,” he said. “Being a worldwide company, we have people who zip around the world every week. (Downtown Chicago) is a very easy location to get to and from. . . . The further east you go from Chicago the harder it is to get around.”

Posted by Marcia Oddi on October 5, 2005 01:37 PM
Posted to Indiana economic development