Benzinga | Dec 13, 2021 12:48PM EST

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.