Yelp to open Chicago office, hire 300

Yelp will open offices in Chicago first thing next year.

Yelp, the San Francisco-based business-review company, said it will hire 300 people in Chicago over the next year or so, mostly to work in sales, as it moves in January into leased space in the Merchandise Mart.

The 10-year-old company has agreed to lease more than 50,000 square feet at the Mart, joining several other tech companies and incubators in the building.

"This vibrant metropolis is an ideal location to source talented new employees and connect with even more great local businesses," said Jeremy Stoppelman, co-founder and CEO of Yelp. "Chicago's history as a leader in innovation and supporter of small-business and tech-industry growth fits seamlessly with Yelp's initiatives, and we are excited to build a home here with Yelp's seventh office."

Yelp also has offices in Scottsdale, Ariz.; New York; London; Dublin; and Hamburg, Germany.

Last quarter, Yelp had a monthly average of 138 million unique visitors, who write reviews on businesses such as shops, mechanics, restaurants and dentists.

In July, Yelp reported its first quarterly profit since its stock began trading in 2012.

"Companies like Yelp choose to locate in Chicago because of the investments we have made in creating a world-class workforce…," Mayor Rahm Emanuel said in a statement. "Yelp is an exciting company that has become globally recognized for supporting local businesses, the backbone of Chicago's economy, and we welcome them to the city."

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