June 26, 2009

Mayor Daley Welcomes Miller Coors to Chicago

Mayor's Press Office    312.744.3334

Mayor Richard M. Daley today welcomed Miller Coors to Chicago as the second largest beer company in the United States opened its new corporate headquarters at 250 S. Wacker Dr., a move that brings 325 new jobs in the city.

“The decision of Miller Coors to locate its headquarters here strengthens our reputation as an important global center from which to conduct business and confirms that Chicago is seen as a desirable place to live, work and raise a family,” Daley said at a news conference held at the company’s offices.

“Especially in these difficult economic times, this kind of an opening sends an important message to all Chicago residents that our city is a vital place and that we are working hard to take the steps necessary to keep our economy moving,” he said.

Miller Coors was created in June, 2008, when the SABMiller plc (headquartered in London) and Molson Coors Brewing Company (headquartered in Denver, Colorado) combined the U.S. and Puerto Rico operations of their respective subsidiaries, Miller and Coors, in a joint venture.

In July, 2008, the company announced it had selected Chicago as the location of the headquarters of the new corporation.

The company has signed a 15-year lease agreement for nearly 130,000 square feet of office space at 250 S. Wacker Drive and is the largest tenant in the building.

The headquarters will include the majority of Miller Coors senior executives, as well as Marketing, Human Resources, Legal, Finance, Information Technology and Communications divisions. Miller Coors’ total projects costs are currently estimated to be $21,799,142 and include substantial tenant build-out as well as improvements to a river walk just west of the building.

The company has applied for silver level certification under the Leadership in Energy and Environmental Design (LEED) Green Building Rating System of the U.S. Green Building Council

The Mayor said Miller Coors decided to locate in Chicago – among other reasons – because of the City’s access to transportation, attractive talent pool, diverse population and cultural richness and the broad selection of affordable communities for relocating employees to choose from.

A decision such as the one made by Miller Coors tells the business community that Chicago’s leaders can work together to get things done and that Chicago can meet the needs of any company in the world – from the largest to the smallest, Daley said.

Despite the economic challenges the City is facing, Chicago continues to invest in things that improve quality of life: neighborhood schools, libraries, infrastructure and the environment, he said.

“We believe that Chicago is the ideal place to run a business, because our city offers tremendous economic strength and resources combined with an enhanced quality of life,” Daley said.

“We are in a recession now, but we know that won’t always be the case, and our goal is to position Chicago to reap the benefits of the better times to come. We are very happy that Miller Coors will be part of Chicago’s bright future,” he said.