UPDATED 05/06/11 12:46 p.m.
LIBERTYVILLE, Ill. (CBS) — Motorola will be staying in its Libertyville home for the long haul.
Gov. Pat Quinn said Friday that the state will provide $100 million in tax credits to the company as part of a deal with the company to keep it from leaving.
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Under the deal announced Friday, the Motorola spinoff will keep a workforce of about 3,000 at the facility. Motorola Mobility designs mobile phones and other related products.
Motorola Mobility chief executive officer Sanjay Jha says the company has a longstanding commitment to Illinois.
State Rep. Ed Sullivan Jr. (R-Mundelein) told the Daily Herald previously the company is planning to invest $500 million locally. Sullivan said Motorola Mobility also will hire about 2,500 people for research and development.
The company had been considering moving the front office to Silicon Valley, or other high-profile tech centers out of state.
Libertyville Mayor Terry Wempler said Friday he was relieved by the news.
Motorola split in two in January. It has 3,000 employees in Illinois.
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