Thursday, December 19, 2013

ADM Moves HQ to Chicago

  • Archer Daniels Midland, unable to secure the special tax incentives it sought from Illinois legislators, nonetheless announced Wednesday that it will go forward with its plan to move its world headquarters to Chicago from Decatur, Ill.

    The agriculture giant said it plans to locate 50 to 75 executives in Chicago to a site that has not yet been selected. That's down from the 100 jobs the company originally cited in its bid to win Springfield approval for special payroll tax incentives worth up to $30 million over 20 years.

    “While we considered other global hubs, Chicago emerged as the best location to provide efficient access to global markets while maintaining our close connections with U.S. farmers, customers and operations,” said ADM Chairman and CEO Patricia Woertz said in a statement Wednesday morning. “Chicago also provides an environment where we can attract and retain employees with diverse skills, and where their family members can find ample career opportunities."
But there is still another apple waiting in the wings to be awarded to some state. A state that might be persuaded to come up with an attractive tax package:
  • Additionally, a technology center staffed by 100 new employees that was part of ADM's public bid no longer is tied to the headquarters change. The company said it will continue to consider potential locations for the IT center in several states and expects to make a decision by mid-year 2014.
You figure that ADM wasn't about to have it's entire corporate executive board uproot families from established homes, but holding the prospect of a creating jobs that Illinois sorely needs over politicians...well, that's a different story.

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15 Comments:

Anonymous Anonymous said...

Just more evidence about how Chicago will not end up like Detroit.

12/19/2013 12:10:00 AM  
Anonymous Anonymous said...

Here y'all go!
Watch the ball!

>shuffle-shuffle-shuffle! Clack!<

Awriiiight! My man! Put ya money down and show us which shell the ball is under?

"ADM Moves HQ to Chicago"

No corporation does a damned thing out of the goodness of their tiny, shriveled hearts or out of social conscience...

The Other Big Shitty Shoe Being Dropped in 3... 2... 1...

12/19/2013 12:34:00 AM  
Anonymous Anonymous said...

It appears that ADM was given an offer they could not refuse. It's the Chicago way.

12/19/2013 12:43:00 AM  
Anonymous Anonymous said...


next up is boeing,

the company wants to bust that union by moving.

12/19/2013 12:46:00 AM  
Anonymous Anonymous said...

So a negligible gain of sixty employees somehow mitigates the loss of over five thousand jobs as the venerable grocer Dominicks is shuttered? I don't get it. And in five years me and mine are fleeing to Wyoming.

12/19/2013 02:07:00 AM  
Anonymous Anonymous said...

100 jobs created for 30 million in tax dollars seems hardly fair nor worth it. Corporate welfare stinks.

12/19/2013 03:29:00 AM  
Anonymous Anonymous said...


geezus,

nice city you're runnin' here rahm

via trib,,,

Woman blinded in Rogers Park knife attack
Updated 3:34 a.m.

A man stabbed a Rogers Park woman in her eyeballs, face and body and cut the tendons in her wrists Wednesday morning, according to police.

Man shot to death in Gage Park
Updated 10 minutes ago

A 27-year-old man sitting in a parked car was shot four times in the Gage Park neighborhood overnight.

Boy, 16, dies day after Little Village shooting
Updated 14 minutes ago

A 16-year-old boy shot in Little Village Tuesday night died late Wednesday at Mount Sinai Hospital.


Danger often on minds of Chicago teens who make long treks to school

Updated 10:39 p.m.

The sun had not yet risen over the city Tuesday when a 15-year-old girl left her home in the Belmont Cragin neighborhood and headed out in the dark toward her charter high school nearly 6 miles away.

Girl, 15, beaten, assaulted: 'We've got somebody really bad out there'


Boy, 17, dies after Chatham shooting
Updated 8:01 p.m.

A 17-year-old boy died this afternoon after being shot Monday afternoon in the South Side's Chatham neighborhood, police said.

1 injured in South Side shooting


Audit light on numbers finds Ventra no cash drain on CTA
Updated 5:55 p.m.

The CTA has seen no financial damage from uncollected revenue related to the glitchy Ventra fare-payment system, according to a cursory audit released Wednesday that contained no numbers to support...

6 meetings to help riders transfer to Ventra

15-year-old shot in leg on South Side
Updated 5:39 p.m.

A 15-year-old boy was shot a block from a Bronzeville high school this afternoon, authorities said.


Far South Side man is 6th to die of cold-related cause
Updated 4:59 p.m.

A West Pullman man died from cold exposure this week, making him the sixth person to die of cold-related causes this season in Cook County, officials said.

West Side woman dies of cold exposure


State police analyze backlog of 4,000 rape kits
Updated 19 hours ago

Three years ago, after learning that numerous police departments were failing to take a basic first investigative step and analyze DNA evidence from reported sex crimes, Illinois became the first...

Archives: Dozens of rape kits not submitted for testing


Man shot at Uptown CTA station, teen wounded in Little Village
Updated 19 hours ago

Two people were shot overnight, a 16-year-old boy in Little Village and a man at a Red Line station in the Uptown neighborhood.

Video: Man injured in CTA shooting



12/19/2013 05:15:00 AM  
Anonymous Anonymous said...

Any moment now we should be getting the 1 million jobs Obama promised too. And don't forget the thousands of Booby Rush Englewoods Flyover jobs. With all the deals the Ob, Daley/Rahm and Gov made, Illinois should be turning away workers.

12/19/2013 08:26:00 AM  
Anonymous Anonymous said...

Boeing will go to a right to work state. Texas or S. Carolina maybe.

12/19/2013 08:34:00 AM  
Blogger I Voted For Obama said...

Still not good at math.

12/19/2013 08:38:00 AM  
Anonymous Anonymous said...

Now lets see if Quinn can get the Boeing Factory. Its 6 to 8 thousand good paying jobs.
He has several people making big bucks, but they will probably screw it up.
Maybe two retired copper over coffee could do much better?

12/19/2013 09:36:00 AM  
Anonymous Anonymous said...

How much is the tutu wearing, pale faced, bug eyed, vertically challenged, 9 1/2 fingered runt going to receive in kickback?

12/19/2013 11:23:00 AM  
Anonymous Anonymous said...

As part of the state tax breaks ADM was going to create 600 jobs in Decatur over the next 5 years. 600 jobs that will now probably not happen in a city with the highest unemployment in the state. Thanks Mike Madigan.

12/19/2013 12:09:00 PM  
Anonymous Anonymous said...

100 to 200 jobs for Chicago is a drop in the bucket. 600 jobs for Decatur would have been an earth mover.

12/19/2013 12:12:00 PM  
Anonymous Anonymous said...

Anonymous said...

Just more evidence about how Chicago will not end up like Detroit.

12/19/2013 12:10:00 AM

---------------------

Wanna bet?

For every tax exception the Illinois Dems make to bribe a company to stay in this filthy state, a dozen smaller companies are either moving to more business friendly states or not starting up at all. For you liberals and all other financially inept types, this means the state loses taxes from 1) the companies going to Wisc., Ind., Texas, etc., AND 2) losing tax from ADM.

Chicago is losing population, so a smaller and smaller pool of suckers will be squeezed more and more for taxes. This in turn will cause more people to wise up and flee, causing even tighter squeezing on a smaller pool......repeat until bottom is hit and -- presto! -- Chicago is Detroit.

12/19/2013 06:46:00 PM  

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