2 Chicago sites on American Greetings’ radar

By Wailin Wong
Posted Nov. 19, 2010 at 10:10 a.m.

Greeting card maker American Greetings Corp. is considering two sites in the Chicago area for its corporate headquarters, which it may move from Brooklyn, Ohio.

The company said in a Friday statement it may stay in Brooklyn, which is in the greater Cleveland area. But it is also looking at six other sites, with four in Ohio and two in “greater Chicago.” American Greetings spokeswoman Patrice Sadd declined to be more specific about the Chicago-area locations under consideration.

American Greetings employs 2,000 people at its Ohio headquarters.

American Greetings said hopes to make a decision on its headquarters by the end of February, the close of its fiscal year. The seven sites under consideration were culled from a broader list that included more than 15 Ohio locations and places in three other states.

The company said it began mulling a relocation after  Brooklyn raised its income tax rate while cutting residential property taxes. The final decision will depend on factors such as relocation costs, employee recruitment and the costs of operating a new or renovated facility.

American Greetings already has a Chicago connection. In January 2009, it acquired Chicago-based Recycled Paper Greetings Inc. as part of the local firm’s prepackaged Chapter 11 reorganization.

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