SPRINGFIELD — Gov. Pat Quinn is calling Decatur-based Archer Daniels Midland Co.’s decision to move 50 to 75 executives to Chicago “great news for Illinois.”
The Democrat from Chicago said he talked with top ADM brass at least three times in the days leading to the company’s Wednesday announcement that it would establish its global headquarters in Chicago without tapping into taxpayer incentives.
The agribusiness giant will now call its Decatur home of 44 years —with more than 4,000 employees — its North American headquarters.
“ADM’s long-term commitment to Chicago, Decatur and our entire state demonstrates its own faith in its future here,” the governor said in a statement.
The governor’s statement came after ADM had unsuccessfully sought state tax credits worth an estimated $30 million over two decades to move its executives to Chicago, as well as open a 100-employee technology center.
With the ADM incentives off the table, a spokesman for Illinois House Speaker Michael Madigan, D-Chicago, said the House will launch into hearings designed to find a better way to deal with companies looking for tax breaks.
“We will continue to work toward creating an evaluation process that makes sense for Illinois taxpayers and Illinois business people,” the spokesman said.
State Rep. Adam Brown, R-Champaign, said he’s pleased the company will remain in Illinois. But, he said he remains concerned about the high jobless rate in his hometown of Decatur.
“We need to improve the entire business environment in Illinois,” Brown said. “It’s a bleak situation.”
firstname.lastname@example.org / 217-782-4043