Canadian National Railway Co. (NYSE: CNI) has announced plans to relocate some of its operations from Markham, Illinois to Gary. The company says it will redevelop the Kirk Yard rail facility and create up to 251 jobs by 2015. CN is planning to invest $163 million to expand the railroad yard and build a locomotive maintenance facility.
The Indiana Economic Development Corporation is offering the company nearly $3 million in performance-based tax credits. The IEDC says the project is the largest in Gary in terms of new jobs. CN's relocation marks the seventh company this year to announce plans to move operations from Illinois to Indiana.
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The Indiana Economic Development Corporation is offering the company nearly $3 million in performance-based tax credits. The IEDC says the project is the largest in Gary in terms of new jobs. CN's relocation marks the seventh company this year to announce plans to move operations from Illinois to Indiana.
FULL STORY