Looks like most of legal is headed deep in the heart of Texas. Executives will do the same by 2021. Next year expect more waves to be implemented. The plan is to have a skeleton staff here in Bloomington within the next 4 years mostly claims and the bank. I'm lucky to have kept my job for now, but next year who knows.
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Another great example of the nonsense posted on this site. Yesterday, SF announced they were building a 21 million dollar hangar for their planes in Bloomington (on an adjoining site of current hangar.) Only the most gullible or least informed believe anything on this site.
The OP's post didn't age so well.
This hither thread is going down as SF isn’t going to leave nohow, agree that the beers offense isn’t ready for the show but cmon man, no economical advantage to moving, not even if you throw in a 10 gallon hat and some reliable power supply
No economic incentive for the company to go to Tejas. Need some mula mr man b4 we be leafing our way south. Go big or stay home 😘
Who in their right mind would want to stay in Illinois. The state gets the he-l taxed out of it to keep the the cesspool, otherwise known as Chicago, afloat. I don’t blame State Farm for leaving, they are leaving like so many have done and will do. Blame it on your corrupt and inept state government.
No matter the reason, why would anyone want to live in Bloomington, IL voluntarily? If one were giving the world an en--a, the hose would be placed in Bloomington.
In Difficult times like these it is best we all come together and be like a team beaches!
Another fishing expedition, Wonder why the Texas power grid is self contained? They want to secede from the union like California. They couldn’t find there you know what in the cold storm. Bettas stay in ailinois and at least be in da usa
Given illinois record debt - why wouldnt you seek better lands. Scary stuff for future of illinois.
Hubs have opportunity, talented workforce, and business friendly environments.
Saw somebody you would all know house hunting.
Set
Bump
No one wants to live in Illinois. For 6 years in a row the state population has decreased. It is on the way to become the Rhode Island of the Midwest.
It seems like HUGE numbers are moving to Arizona... How do I know this? I live in a new master planned community, I am a REALToR, and half the community is from Illinois.
Here is a program I have helped many with... not just State Farm employees...
https://Rebate.CadenceAtGateway.info
If you are not happy or grateful then find another job that pays you as well as State Farm . Go move or start your own company if you have the skill set.
Very few with a job at State Farm would honestly consider themselves fortunate. Place is a community joke and it's widely known that it if you work there you had better on be on fair amounts of various medications.
BTW Texas imposes a Franchise Tax rather than a corporate income tax which is much worse (higher.)
Cha ching. Bonus time for Execs. Who sit in large employee meetings bragging bout how rich State Farm is so dont need certain customers. Heads held high as theyvfet big retirement boosts. Normal dolks dint get that. Kinda sickening
SF stayed cause they had to. They want out of IL. Grow up.
So much nonsense posted that I cannot believe anyone contributing here really works there.
SF will never leave Bloomington, period. Don’t tell me otherwise. If you do, you’re a stupidhead.
Yes, I remember as well. There was a lot of exuberance in Dallas at the fact SF was bringing 10,000 jobs and asking for nothing in exchange. They, (reporters) mistakenly assumed that many jobs equated to CHQ. While the number was not far off they missed the fine print that literally hundreds of other offices were consolidating and ultimately filling Dallas, Atlanta and Phoenix. While the Illinois tax increase was accurate as reported the decision on the Hubs was made 4 or 5 years before the tax increase was announced. So there was no linkage as some wanted to believe. All that said, it is always possible for a state to make the business climate so untenable that businesses flee. Rarely, though is that about taxes (see CA and NY.)
https://taxfoundation.org/after-illinois-tax-increase-state-farm-reportedly-moving-operations-texas/
Saw this a couple of years ago
Fair enough. In the same thought let’s refrain from uniformed comments about “tax savings to offset the abandonment of Bloomington.”
You depend on “sources” to tell you the current state of CHQ?
Why don’t you just go in there, have a look around, and tell us what you see for yourself?
No one on participating on this board is approaching this conversation from an informed position. We are all speculating, and that’s ok. If you think conversation about the possibilities of SF moving from Bloomington are ridiculous and that it couldn’t possibly happen, that’s fine, too.
But please don’t tell me or anyone else that something is fact “because leadership says so”. And don’t tell us it can’t happen because “it’s always been this way”. Both are fool’s games.
I would love to believe SF will remain a major employer in the area from now until the end of time, but it seems foolish to blindly accept that as fact.
So, I will choose to keep a hopeful mind, but I refuse to bury my head in the sand in order to do so. I don’t believe anything at this point, but the trend is NOT inspiring confidence.
The moon landing was all staged and never took place.
Lincoln building was demolished. Downtown building was abandoned and rumored to be demolished by year end. CHQ is being renovated, but sources tell me large portions are empty despite much of it closed during the work.
A semantical argument about the term “operating model” is hardly interesting and totally meaningless.
Actually, the Hubs are leased too. Which means corporate is last man standing.
No last change, no got ya. Those are the only “owned”buildings. Everything else is leased.
“has always been corp + 3 hubs”?
Hmmm... Oh! You mean since the last change. Gotcha.
The operating model has always been Corp (Bloomington) and 3 Hubs. Please share the new model?
A one time loss of $100’s of millions for the property wouldn’t be a bad price to pay to cut out the tumor, especially if the tumor doesn’t align with a new operating model.
Pittance compared to the near $100 Billion dollar net worth, and would, in the long run, cost more to keep than the initial loss.
And who do you think would purchase all the Bloomington SF buildings at a fair market price? Surely you don’t think all those accountants are going to ignore 100’s of millions of dollars.
The Corp. remodel is by no means evidence that State Farm will prolong it’s stay in Bloomington. Quite the opposite, really.
You think the powers that be are dressing that building up for a long(er) courtship?
More like a burial suit. The wart left on blono as State Farm’s presence dwindles away will now, at the very least, be a little prettier than it otherwise would’ve been.
Those fireplaces? Come on.
I used to work in the Northern California office. They did a multi million $$ remodel on that facility just to close it completely 2 years later and move everyone to Bakersfield. Now Bakersfield is closing too. I can see Corp shutting down Bloomington easily. That work on Corp is also maintenance that was needed on a building that was originally built in the 70’s. It was in the works for several years before it started.
Bloomington could easily be shut down IMO.
If that's the case then you know.
I very much doubt that. I personally know the Systems guy who actually works in Corporate Law.