Billionaire Ken Griffin moving Chicago-based hedge fund Citadel to Miami

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Billionaire Ken Griffin moving Chicago-based hedge fund Citadel to Miami
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In a note to employees at Citadel, Griffin announced he already has moved his family to Miami, and will soon be bringing the company with him, though some Citadel employees will remain in Chicago.

Caterpillar announcing earlier this month it was moving its corporate headquarters from Deerfield to TexasThose moves have been offset to some degree by Tuesday's announcement that Kellogg Co.

Griffin also has donated more than $600 million to various charities and other organizations in Chicago and Illinois over the years, including $100 million in gifts he plans to announce in the coming days. "Chicago has been a remarkable home for Citadel. I still remember the incredible civic pride and engagement when I arrived more than thirty years ago – and the outreach by business and political leaders who wanted us to succeed and be a part of the fabric of Chicago's community. That ethos served us well in building our firm – and I am proud of all that we have contributed to Chicago over the past three decades.

In response to Citadel's move out of Illinois, a spokeswoman for Gov. JB Pritzker said,"Countless companies are choosing Illinois as their home, as we continue to lead the nation in corporate relocations and had a record number of business start-ups in the past year. "We will continue to welcome those businesses – including Kellogg, which just this week announced it is moving its largest headquarters to Illinois – and support emerging industries that are already creating good jobs and investing billions in Illinois, like data centers, electric vehicles and quantum computing," Pritzker spokeswoman Emily Bittner said in an email.Thanks for reading CBS NEWS.

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