Move will Bring 100 Jobs, Foster Growth in Northeast Illinois

DOWNERS GROVE - November 12, 2009. Governor Pat Quinn today announced that the Dover Corporation will be locating its corporate headquarters in Downers Grove. The move will result in the creation and retention of at least 100 jobs, and will help foster economic growth in Northeast Illinois.

“I want to welcome the Dover Corporation to Illinois,” said Governor Quinn. “This investment will bring at least 100 jobs to Illinois now, with more opportunities for the company to grow here in the future.”

Dover Corporation is a worldwide, diversified manufacturer of industrial products. The company will consolidate its four segment headquarters, currently operating in cities throughout the United States, and its New York City corporate headquarters to a single corporate facility in Downers Grove. The move to the Highland Landmark V office complex is expected to be completed by the summer of 2010.

President and Chief Executive Officer Bob Livingston said Dover Corporation considered several other major cities throughout the U.S. before selecting the Chicago area for its new home.

“Superior air service to domestic and international locations, its central location, the availability of a wide variety of housing options, and the quality of life were all factors in our decision to move our headquarters here,” Livingston said.

“Dover’s decision to relocate their headquarters to Illinois reinforces what we already know - Illinois is a great place to do business,” said Illinois Department of Commerce and Economic Opportunity (DCEO) Director Warren Ribley. “While the state is still recovering from the national recession, our investments on the local level will help aid our economic recovery and help us emerge stronger than before.”

DCEO will be administering the state’s business investment package consisting of Economic Development for a Growing Economy (EDGE) corporate income tax credits, which are based on job creation.