The Chemours headquarters will stay in downtown Wilmington with 1-thousand jobs to stay in the First State.
The Wilmington News Journal reports that the firm had looked at other sites in New Jersey and Pennsylvania.
The headquarters employs around 800 people with another 200 at research sites throughout the state.
The News Journal reports that the impact on Wilmington and the surrounding area could have been devastating if the company had decided to pick up and leave.
Bernice Whaley, director of economic development for the state, told the paper that if the company had left it would have meant the loss of over 34-hundred direct and indirect jobs and $554 million in revenue.
The company’s downtown workers provide more than $70 million in annual income with $850-thousand in tax revenue from wages.
