Archer Daniels Midland (ADM) is exploring establishing a new global headquarters and customer center. However, the company will get 10% discount on utility taxes if it stays in Illinois.
ADM to get tax break for 30 years if stays in IllinoisStaff writer ▼ Tuesday October 1, 2013 1:12PM ET
"Our company is growing and becoming more global and more customer-centric. To continue to succeed, we need a global center in a location that allows us to travel and work efficiently with customers and employees throughout the world. We also need an environment where we can attract and retain employees with diverse skills, and where family members can find ample career opportunities," said Patricia Woertz, ADM chairman and chief executive officer.
The company expects to locate a small, corporate team at the global center, with approximately 100 jobs relocated to the center. In addition, the company plans to create a new IT tech center at the same location, adding approximately 100 new positions there over the next few years. The company does not plan any layoffs in connection with the move to a new global center.
In recognition of the breadth and importance of the work that will continue to be centered in Decatur, the company’s office there will be designated the North American headquarters. ADM also maintains regional headquarters in Rolle, Switzerland; Sao Paulo, Brazil; and Shanghai, China.
Illinois Rep. John Bradley, a Democrat from down state Marion, Ill., introduced legislation that would give ADM a 10 percent discount on utility taxes for up to 30 years if it does not move its head office out of state. ADM also would receive credits on some income taxes.
ADM is "holding discussions with various public officials" and is "aware that the bill was introduced", the company's spokesman David Weintraub said. ■