The move will add 300 to 400 jobs in the city, but comes at a steep price with Chicago and the state of Illinois offering more than $20 million in incentives that helped woo the company away from Dallas.

MillerCoors President Tom Long said in a statement the company choose the Windy City for its "access to an attractive base of talent, transportation and business resources."

Chicago Mayor Richard Daley and Illinois Gov. Rod Blagojevich both applauded the decision, but others questioned the steep price of luring MillerCoors for a relatively small number of jobs.

"The question is whether the tax breaks are justified. The tax breaks are not symbolic," David Merriman, director of the Institute of Government and Public Affairs at the University of Illinois told the Tribune.