CHICAGO (AP) — Peerless Industries, a manufacturer of audiovisual mounting solutions, plans to stay in Illinois and add at least 85 new jobs to its 405-person work force over the next three years.
Peerless will move from two campuses in Melrose Park to a single larger facility in Aurora beginning in May. Illinois provided a $2.9 million investment package to leverage nearly $17.5 million in private investment to facilitate the move.
Gov. Pat Quinn says losing the company to an out-of-state location would have put hundreds of people out of work.
The company’s relocation follows a decision last year to return all manufacturing jobs to the United States after four years during which 30 percent of the company’s products were produced in China.
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