Mayor Rahm Emanuel announced that Prescient Edge LLC, a global security and technology company is moving its headquarters to a new, state-of the-art Chicago facility located in One Prudential Plaza. The company will be creating at least 60 full-time jobs in Chicago initially and expects significant growth with the addition of hundreds of jobs in the coming years. Prescient Edge is the 30th company to move its headquarters to Chicago since Mayor Emanuel took office in 2011. The decision by Prescient Edge to move its new corporate headquarters to Chicago is a direct result of the Mayor’s efforts to enhance the City’s competitiveness as a center for business services and headquarters through the Plan for Economic Growth and Jobs.

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 (EDGE) program and is available to companies weighing a project in Illinois against sites outside the state.