CHAMPAIGN, Ill.--(BUSINESS WIRE)--
Today, Yahoo! Inc. (NASDAQ:YHOO) broke ground on a new state-of-the-art
facility that will serve as an important expansion of its Champaign, IL
technology hub. Leaders from Yahoo, State of Illinois, University of
Illinois at Urbana-Champaign, and City of Champaign announced plans for
the new building and expanded workforce.
Champaign is the home of several Yahoo engineering teams working on
critical technologies for the company. Yahoo currently occupies 24,000
sq. ft. of office space and is the largest full-time employer in the
University of Illinois Research Park. The new 40,000 sq. ft. building
will be solely constructed for Yahoo. Plans include recruitment of
engineers over the next 12-24 months.
Yahoo's SVP of Advertising Technology, Scott Burke, attended the
groundbreaking and said, "I'm thrilled to announce our expansion in
Champaign. Yahoo has benefited from the world-class engineering talent
at Research Park that contributes to our advertising and data systems.
We look forward to growing our team and continuing to be a valued member
of the local community."
Champaign-Urbana is the home of the University of Illinois and the
National Center for Supercomputing Applications (NCSA). The top-ranked
engineering college is a hallmark of Illinois. Chancellor Phyllis Wise
said, "Yahoo is an important presence in our Research Park and in our
local community. Our students and our faculty have seen great new
opportunities through our relationship with Yahoo, and this expansion
will open even more of them for all of us."
"The presence of Yahoo at the U of I is an incredible resource for the
technology industry in Illinois," Governor Pat Quinn said. "Illinois is
a technology leader and we are actively working to grow our economy,
create jobs and keep our state a center for innovation worldwide. Places
like Research Park at the University of Illinois are essential in making
Illinois even more competitive."
"On behalf of the City of Champaign, we are pleased that
performance-based employment incentives were able to contribute the
positive decision by Yahoo to expand in our community. Yahoo's growth is
a strong example of the thriving high-technology sector in Champaign,"
said Mayor Don Gerard.
Yahoo is focused on making the world's daily habits inspiring and
entertaining. By creating highly personalized experiences, we keep
people connected to what matters most to them, across devices and around
the world. In turn, we create value for advertisers by connecting them
with the audiences that build their businesses. Yahoo is headquartered
in Sunnyvale, California, and has offices located throughout the
Americas, Asia Pacific and the Europe, Middle East and Africa regions.
For more information, visit the pressroom (pressroom.yahoo.net) or the
Company's blog (yahoo.tumblr.com).
About the University of Illinois at Urbana-Champaign
Since its founding in 1867, the University of Illinois at
Urbana-Champaign has earned a reputation as a world-class leader in
research, teaching, and public engagement. Located on campus, the
Research Park at the University of Illinois at Urbana-Champaign is a
technology hub for startup companies and corporate research and
development operations. Within the Research Park there are more than 90
companies employing students and full-time technology professionals. For
more visit illinois.edu
Source: University of Illinois Research Park