The incentives will include $6 million in tax credits and exemptions through the Economic Development for a Growing Economy program, which is based on the state's income tax collections on employee salaries during the next 10 years, and another $200,000 in job training assistance. State officials said PNC is making a $14.6 million investment in the operation.
PNC acquired National City Corp.and its various subsidiaries in December. The Pittsburg-based lender expects to convert all National City operations to the PNC brand by mid-2010.
mepodmolik@tribune.com
To see more of the Chicago Tribune, or to subscribe to the newspaper, go to http://www.chicagotribune.com. Copyright (c) 2009, Chicago Tribune Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.

More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index