(CHICAGO) -- GE Capital, the financial services sector of General Electric, announced Monday its plans to expand its operations to Chicago and bring 1,000 jobs to the city.
"Chicago has been a great market for GE Capital in a number of ways. The city and surrounding areas are home to many thriving main street companies we serve as customers," said Dan Henson, president and CEO of GE Capital, Americas.
Henson said the 1,000 new positions will be phased in over time, with 500 jobs to be established over the next year and another 500 over the next few years.
GE Capital will offer opportunities consisting of "skilled commercial, technical and regulatory positions," the company said Monday.
The expansion couldn't come at a better time for recently-elected Mayor Rahm Emanuel. The former White House chief of staff was grateful to GE Capital for considering his commitment to economic growth in Chicago.
"I promised Chicagoans that I would work tirelessly to create a business climate in Chicago that makes companies want to move here, stay here and bring high quality jobs to the hardest working people in America. I commend and thank GE Capital for recognizing the opportunity for growth and success in our great city," Emanuel said of the company's expansion.
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