Braintree gets ready to double its workforce

SHARE Braintree gets ready to double its workforce

Braintree, the eBay-owned electronics payments company, opened a new 65,000-square-foot office in the Merchandise Mart on Thursday.

Braintree moved from 111 N. Canal with the help of $12 million in state tax credits its parent company received in June. EBay bought Chicago-based Braintree in 2013.

The company is expected to create 216 new full-time jobs in Chicago in 2016 and an additional 144 jobs in 2017 — more than doubling its staff in the next three years.

Braintree now employs 180.

Mayor Rahm Emanuel, who aims to oversee a doubling of the city’s tech workforce in the next 10 years, says Chicago has added 10,000 new technology jobs in the past three years.

Gov. Pat Quinn has overseen tax-credit deals for Groupon, GrubHub and Yahoo under its EDGE program (Economic Development for a Growing Economy). It’s a credit over the company’s state income tax liability based on the company’s pledge to create or retain jobs in Illinois that could have gone elsewhere.

The Latest
If change is on the horizon, it won’t always be like this. There will be lulls and growing pains throughout the season, but these young players brought an energy and spirit that had been missing.
Donovan said the Bulls don’t specialize in one particular coverage but rather multiple defensive schemes they can run throughout a game. But with the Bulls having lost five games in a row, sporting the 22nd-worst defense in the NBA, they need to find answers to remedy that end of the court.
Strelnikov had 19 points and 11 rebounds in Lake Zurich’s 71-60 win against visiting Waukegan on Thursday.
The Hawks conceded a shorthanded goal and two power-play goals in a 5-1 loss Thursday, which Tyler Johnson called “embarrassing.”