{"id":1338,"date":"2025-05-14T20:54:32","date_gmt":"2025-05-14T20:54:32","guid":{"rendered":"https:\/\/firearmupgrades.com\/?p=1338"},"modified":"2025-05-14T20:54:32","modified_gmt":"2025-05-14T20:54:32","slug":"geico-sets-up-chicago-office-in-the-merchandise-mart","status":"publish","type":"post","link":"https:\/\/firearmupgrades.com\/?p=1338","title":{"rendered":"Geico sets up Chicago office in the Merchandise Mart"},"content":{"rendered":"


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\n We break down complex business news to help you understand how money moves in Chicago and how it affects you.\n <\/p>\n<\/p><\/div>\n

Geico, the country\u2019s third-largest auto insurer, on Wednesday announced the launch of a Chicago office in the Merchandise Mart, where it will house more than 100 employees in corporate roles, including communications, finance and marketing.<\/p>\n

Some of Geico\u2019s Chicago staff previously worked out of a temporary, co-working space in the West Loop, a company spokesperson said. The new downtown location spans nearly 19,000 square feet in the historic Mart.<\/p>\n

Geico\u2019s launch of its new Chicago hub follows March announcements of expansions in Tampa, Florida and Richardson, Texas.<\/p>\n

\u201cChicago\u2019s vibrant business community and talented workforce make it an ideal location for our new corporate hub,\u201d Karyn Stet, Geico chief people officer, said in a news release. \u201cThis investment reflects our commitment to Chicago and our confidence in the skilled professionals who will help drive our continued growth throughout the country.\u201d<\/p>\n

\u201cI am thrilled to welcome Geico\u2019s new corporate hub to the historic Mart in downtown Chicago,\u201d Gov. JB Pritzker said in a news release. \u201cNot only will this expansion bring jobs and opportunity to the city of Chicago, it adds a dynamic corporate presence and committed community partner to Illinois\u2019 business ecosystem.\u201d<\/p>\n

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Geico\u2019s Chicago office inside the Mart.<\/p>\n<\/figcaption><\/div>\n<\/figure><\/div>\n<\/p><\/div>\n

Geico, founded in 1936, is a subsidiary of Warren Buffett\u2019s Berkshire Hathaway. It insures vehicles in all 50 states and the District of Columbia. Geico\u2019s main headquarters is in Washington, D.C., and it has more than 28,000 employees nationwide.<\/p>\n

The Mart is home to PayPal, Motorola Mobility and health care incubator Matter, as well as Conagra Brands, Allstate, Medline Industries, Beam Suntory, Avant and Grainger.<\/p>\n

Grubhub<\/a>, the Chicago-based food delivery company, moved its headquarters to the Mart in December 2024 from the Loop. The re-location came months before Grubhub announced 500 layoffs in February.<\/p>\n

But Chicago\u2019s flagship tech incubator 1871<\/a> closed its space in the Mart this month, due to financial pressures and a different business landscape since the COVID-19 pandemic. And global furniture maker KI<\/a> in March announced it will leave the Mart and set up a Chicago showroom in Fulton Market.<\/p>\n<\/div>\n