(CBS) — A major food conglomerate has announced plans to relocate its headquarters to Chicago, and Mayor Rahm Emanuel couldn’t be happier.

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WBBM Newsradio’s Craig Dellimore reports.

Kraft will move from suburban Northfield to five floors of the Aon Building on East Randolph Street, and will maintain a corporate presence in Pittsburgh.

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“Two years running, Chicago is the lead city for corporate relocations,” Emanuel said during a news conference Thursday.

It’s the latest company to move from the suburbs to downtown Chicago, begging the question: Should Chicago-area communities be worried?

“No, because we’ve had companies from around the globe, as well as around the country, relocate here. What it does mean if you live in New York, London, Beijing, Berlin, watch out, Chicago’s coming for you.”

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Kraft Heinz reportedly did not ask, nor receive, any financial incentives to move to Chicago