Security-Technology Firm Prescient Edge Relocates Headquarters To Chicago, Illinois
The company will establish a 23,616-square-foot state-of-the-art facility in Chicago to support two new worldwide security platforms that leverage the company’s federal intelligence and security expertise. The company has pledged to invest approximately $6.6 million in a 10-year lease, plus improvements and equipment at the new facility. Prescient Edge chose Chicago for its talented workforce, access to its transportation networks and the diversity of the City’s economy.
“Chicago's world class infrastructure combined with the technical talent and energy we found in the workforce made the decision an easy one,” said Prescient Edge CEO David Walsh.
Prescient Edge, previously headquartered in McLean, Virginia, provides global operations and tailored solutions on a full-spectrum of intelligence, technology and security offerings to corporate, federal and international clients across aerospace, utilities, hospitality and other industries. It advises clients on complex security and technology issues in human resources, cyber threat detection, computer systems design, employee training and other applications.
“From the education of our workforce, to the quality of our transportation, to the diversity of our economy, more companies like Prescient Edge want to relocate to Chicago for the city we are today and the growth opportunities we offer them for tomorrow,” said Mayor Rahm Emanuel. “We are starting to see the results of having the right strategy and making the right investments. I look forward to building on this progress to give more companies the confidence to invest in Chicago’s future and create more jobs for more of our residents.”
In return for its job creation and investment, Prescient Edge will receive a credit worth an estimated $1.69 million against its state income tax liability over the next 10 years. The credit is offered under the state of Illinois’ Economic Development for a Growing Economy program and is available to companies weighing a project in Illinois against sites outside the state.
"Attracting corporate headquarters to Chicago is a key component of Mayor Emanuel's Plan for Economic Growth and Jobs, which WBC is implementing," said World Business Chicago President/CEO Jeff Malehorn. "WBC worked closely with Prescient Edge's leadership to showcase why Chicago is an ideal location for their global business, and we look forward to working with the company as it continues to grow and thrive in Chicago."
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