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Magic Johnson’s company to create 200 jobs in Chicago

Basketball legend Earvin "Magic" Johnson will be a controlling shareholder of an insurance company that's opening new offices in Illinois and creating about 200 jobs, according to reports.

In a statement Tuesday, Gov. Pat Quinn and Chicago Mayor Rahm Emanuel announced that EquiTrust Life Insurance Co. will open the first office in Chicago and add jobs which are expected to reach to 1000 by the end of the year.

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