ADM Wants $20-Million In Incentives If Staying In Illinois

Oct 2, 2013 7:45 AM

ARCHERDANIELSMIDLAND IS SEEKING ABOUT 20 MILLION DOLLARS IN TAX CREDITS TO KEEP ITS GLOBAL HEADQUARTERS IN ILLINOIS.

THE CREDITS WOULD BE APPLIED OVER 20 YEARS IF GRANTED…LEADING A-D-M TO MOVE THEIR HEADQUARTERS FROM DECATUR TO CHICAGO SAYS THE COMPANY?S CHIEF FINANCIAL OFFICER RAY YOUNG.

THAT DIDN’T SIT WELL WITH SOME LAWMAKERS…LIKE REPRESENTATIVE BARBARA FLYNN CURRIE OF CHICAGO.

A-D-M SAYS IT WOULD KEEP MOST OF IT’S OTHER OPERATIONS AND EMPLOYEES IN DECATUR. LAWMAKERS WILL HAVE TO APPROVE ANY TAX INCENTIVE PACKAGE FOR THE COMPANY.

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