MillerCoors Taps Chicago for New Headquarters

Chicago will be home to the new corporate headquarters of beer conglomerate MillerCoors, the Tribune reports. The Windy City edged out Dallas to serve as a neutral location for the nerve center of Denver-based Molson Coors and Milwaukee-based Miller. Chicago attracted MillerCoors because it has "access to an attractive base of talent, transportation and business resources," company president Tom Long said.

The move will add 300-400 jobs to Chicago's economy, but at a cost—the city and the state of Illinois forked over $20 million in subsidies to woo the beverage maker. It's also a symbolic victory for the city, which has seen the departure of industry majors like Amoco, Ameritech and First Chicago. (More Chicago stories.)