Allstate’s new innovation hub at The Merchandise Mart bringing 400 jobs to Chicago

CHICAGO — The Allstate Corporation (NYSE: ALL) announced plans to create an innovation hub at the Merchandise Mart in Chicago.

The insurer is taking up a 45,000-square-foot office space on the 8th floor of the Merchandise Mart, and will bring nearly four hundred high value jobs to Chicago, primarily with Allstate’s Quantitative Research & Analytics (QR&A) and Connected Car teams.

The QR&A team leads research, synthesizes data and builds predictive modeling. Allstate’s Connected Car division has been at the forefront of developing next-generation telematics offerings that broadly benefit customers across the company’s brands.

The company’s selection of the Merchandise Mart for the innovation hub is intended to help attract the data and innovation specialists it needs for the QR&A and Connected Car teams.

In a release announcing the new innovation hub in Chicago, Thomas J. Wilson, chairman and chief executive officer, The Allstate Corporation, said that “We’re expanding our world-class technology and data capabilities to help us better serve our customers, advance public safety and improve the quality of life on our roadways, in our homes and in our workplaces.”

The innovation hub also builds on Allstate’s long-standing contribution to Chicago economic development, which includes being one of the top employers in the Chicago area and a strong supporter of efforts to build a more vital downtown.

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Source: Economic Development HQ

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