Archer Daniels Midland http://wuis.org en Madigan: Resist Temptation To Cave To Corporate Officials' Demands http://wuis.org/post/madigan-resist-temptation-cave-corporate-officials-demands <p><span style="line-height: 1.5;">&nbsp;&nbsp;</span></p><p><span style="line-height: 1.5;">&nbsp;&nbsp;</span>A day after Office Depot announced it would stay in Florida rather than move to Illinois, the speaker of the House says Illinois needs to end its practice of offering tax incentives on a case-by-case basis.</p><p><span style="line-height: 1.5;">&nbsp;&nbsp;</span><span style="line-height: 1.5;">&nbsp;&nbsp;</span></p> Thu, 12 Dec 2013 00:19:54 +0000 Amanda Vinicky 14830 at http://wuis.org Madigan: Resist Temptation To Cave To Corporate Officials' Demands Illinois Loses Office Depot, Is ADM Next? http://wuis.org/post/illinois-loses-office-depot-adm-next <p><span style="line-height: 1.5;">&nbsp;&nbsp;</span>A newly merged Office Depot chose to locate its headquarters in Florida, instead of Illinois. A Republican candidate for governor says Illinois needs to hurry if it doesn't want a similar fate with Archer Daniels Midland.</p><p></p><p><span style="line-height: 1.5;">Archer Daniels Midland is based in Decatur now, and no matter what plans to keep many of its operations there. But it's searching for a new worldwide headquarters.</span></p><p>Chicago's in the running, but so are major cities.</p> Wed, 11 Dec 2013 00:11:00 +0000 Amanda Vinicky 14728 at http://wuis.org Illinois Loses Office Depot, Is ADM Next? Satellite TV Tax Could Help ADM, Office Depot http://wuis.org/post/satellite-tv-tax-could-help-adm-office-depot <p>Although pensions are atop the agenda Tuesday in Springfield, the Illinois General Assembly could consider a set of tax breaks for some of Illinois' biggest corporations.</p><p>Decatur-based Archer Daniels Midland is moving its corporate headquarters, and wants a tax break to remain in Illinois, most likely Chicago. Office Depot, newly merged with OfficeMax, is deciding whether to put its combined headquarters in Florida or Naperville.</p><p>The deal would let the companies keep money they deduct from employee paychecks for Illinois taxes.</p> Tue, 03 Dec 2013 12:00:30 +0000 Brian Mackey 14197 at http://wuis.org Satellite TV Tax Could Help ADM, Office Depot Legislators Leave Capital, But They May Be Back http://wuis.org/post/legislators-leave-capital-they-may-be-back <p>Illinois legislators wrapped up their two-week veto session this afternoon (Nov. 7), though they may be back in Springfield before the year's end.</p><p><span style="line-height: 1.5;">The General Assembly knocked one, big item off its to-do list: same-sex marriage. After intense lobbying on both sides, lawmakers on Tuesday sent the governor a measure that will allow gays and lesbians to marry.</span></p><p>The rest of the major issues on the General Assembly's agenda remain:</p><p>-a tax package crafted to ensure Archer Daniels Midland keeps its headquarters in Illinois is on hold</p> Thu, 07 Nov 2013 21:26:46 +0000 Amanda Vinicky 12572 at http://wuis.org Legislators Leave Capital, But They May Be Back Tax Breaks For ADM, Office Depot Advancing in Senate http://wuis.org/post/tax-breaks-adm-office-depot-advancing-senate <p>A Senate panel has approved legislation that would give tax incentives to two of Illinois biggest corporations — Office Depot and Archer Daniels Midland.</p><p>ADM says it's moving its head office from Decatur to a larger city.</p><p>Chicago is thought to top the list of alternatives, but the company has also checked out Minneapolis and Atlanta. That said, ADM executive Gregory Webb told senators the company would prefer to stay in Illinois.</p><p>"We have 17,000 North American employees, and 4,500 of them are in Decatur. So Illinois is a preference," Webb said.</p> Thu, 07 Nov 2013 14:52:21 +0000 Brian Mackey 12524 at http://wuis.org Tax Breaks For ADM, Office Depot Advancing in Senate Legislators Set To Give Tax Breaks ... But Not Yet, ADM http://wuis.org/post/legislators-set-give-tax-breaks-not-yet-adm <p><span style="line-height: 1.5;">&nbsp;&nbsp;</span>State legislators are advancing a measure that attempts to lure chemical plant jobs to Illinois, but broader plans to offer companies like ADM incentives are not ready just yet.&nbsp;</p><p><span style="line-height: 1.5;">Archer Daniels Midland is the highest-profile case of a company looking for a tax break from the state, in exchange for creating jobs. In ADM's case, the company is looking to move its global headquarters from Decatur to ... maybe Chicago, maybe a city in another state.</span></p> Wed, 06 Nov 2013 12:46:00 +0000 Amanda Vinicky 12430 at http://wuis.org Legislators Set To Give Tax Breaks ... But Not Yet, ADM Greg Baise: Illinois Has To Compete For Jobs http://wuis.org/post/greg-baise-illinois-has-compete-jobs <p>A key Illinois business leader says the state is facing tough competition when it comes to keeping jobs.&nbsp; Greg Baise is President of the Illinois Manufacturer's Association.&nbsp; He says controversial legislation in Illinois that would offer tax breaks to certain firms is an effort to keep pace.</p><p>Among the firms, agribusiness leader Archer Daniels Midland, which wants to move it's corporate headquarters from Decatur to a larger city.&nbsp; Illinois and other states are wooing the company with promises of tax incentives.</p> Mon, 04 Nov 2013 12:22:00 +0000 Sean Crawford 12099 at http://wuis.org Greg Baise: Illinois Has To Compete For Jobs Heavy Veto Session Agenda http://wuis.org/post/heavy-veto-session-agenda <p><span style="line-height: 1.5;">&nbsp;&nbsp;</span>Illinois legislators are scheduled to finish out their veto session this week. Their back-loaded agenda ranges from dealing with budget matters to social issues.</p><p><span style="line-height: 1.5;">The first week of the veto session late last month went by with little of substance accomplished.</span></p><p>But what the General Assembly didn't touch then is back now.</p><p>Like tax packages designed to keep companies, like Archer Daniels Midland, headquartered in Illinois.</p> Mon, 04 Nov 2013 12:22:00 +0000 Amanda Vinicky 12212 at http://wuis.org Heavy Veto Session Agenda Senator Wants Job Commitment From ADM http://wuis.org/post/senator-wants-job-commitment-adm <p>New legislation would bring jobs to Decatur as a condition for Archer Daniels Midland Company to receive state incentives it wants to keep its headquarters in Illinois.<br />&nbsp;<br />State Sen. Andy Manar introduced an amendment Thursday to require the company<br />to relocate at least 100 jobs from out of state to Decatur and hire at least 100<br />new full-time employees a year in the city for five years.<br />&nbsp;<br />ADM announced earlier this year it will move its 100-employee global<br />headquarters out of Decatur. ADM is reportedly considering Chicago and other Thu, 31 Oct 2013 20:32:32 +0000 Associated Press 12100 at http://wuis.org Senator Wants Job Commitment From ADM Income Up - Revenue Down At ADM http://wuis.org/post/income-revenue-down-adm <p>Agribusiness giant Archer Daniels Midland Co. said today that its third-quarter earnings more than doubled partly on increased profit margins on ethanol. But the Decatur-based company says its results fell short of last year when adjusted to exclude an inventory credit. &nbsp;</p><p><br />Revenue fell 2 percent but beat analysts' forecasts. &nbsp;<br />Net income was $476 million, or 72 cents per share, up from $182 million, or 28 cents per share, a year earlier. &nbsp;</p> Tue, 29 Oct 2013 15:45:13 +0000 Associated Press 11908 at http://wuis.org Income Up - Revenue Down At ADM Veto Session So Far: Nothing Happening http://wuis.org/post/veto-session-so-far-nothing-happening <p><span style="line-height: 1.5;">Illinois lawmakers returned to Springfield Tuesday for their fall veto session. Guns, gay marriage and corporate tax breaks are on the agenda. But nothing is moving yet.</span></p><p><span style="line-height: 1.5;">Supporters and opponents of same-sex marriage are rallying in the Capitol this week, but the sponsor of marriage legislation won't say when or if he'll call it for a vote.</span></p> Wed, 23 Oct 2013 11:00:00 +0000 Brian Mackey 11496 at http://wuis.org Veto Session So Far: Nothing Happening ADM Incentives Vote On Hold http://wuis.org/post/adm-incentives-vote-hold <p>The sponsor of a bill to give Archer Daniels Midland Company up to $24 million in tax breaks to keep its headquarters in Illinois opted not to call it for a vote Tuesday. &nbsp;</p><p><br />The House Revenue and Finance Committee had been scheduled to consider the bill. But Rep. John Bradley, a Democrat from Marion, took it off the agenda. &nbsp;</p><p><br />Bradley says the incentives for ADM and several other companies ``are all under consideration.'' He declines to say when or if the bill will get a vote. &nbsp;</p> Tue, 22 Oct 2013 20:20:52 +0000 Associated Press 11470 at http://wuis.org ADM Incentives Vote On Hold Shipping Containers Can Open Export Market To Farmers http://wuis.org/post/shipping-containers-can-open-export-market-farmers <div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p>A huge new rail yard has been buzzing on the outskirts of Decatur, Ill. Agribusiness giant Archer Daniels Midland (ADM) recently opened the 275-acre facility that would be at home at any major port city on the coast. But it&rsquo;s in the heart of Illinois farm country because farmers have been taking advantage of a new method of shipping out their products.</p> Tue, 15 Oct 2013 06:38:00 +0000 Bill Wheelhouse 10899 at http://wuis.org Shipping Containers Can Open Export Market To Farmers ADM Eyeing Atlanta For Headquarters? http://wuis.org/post/adm-eyeing-atlanta-headquarters <p>Archer Daniels Midland is on the lookout for a new home for its world headquarters.&nbsp; And it&#39;s not being limited to the midwest.&nbsp; The Atlanta Journal-Constitution <a href="http://www.ajc.com/news/business/atlanta-could-be-in-fortune-500-companys-sights/nbLSP/">reports </a>ADM leaders met with Atlanta officials.<br /><br />ADM has said it won&#39;t comment on sites in the running.&nbsp;&nbsp; Other reports this week has the company looking at Minneapolis.&nbsp; Chicago and St. Louis have also been mentioned as possibilities.<br /> Fri, 11 Oct 2013 21:46:30 +0000 Sean Crawford 10799 at http://wuis.org ADM Eyeing Atlanta For Headquarters? Interview: State Senator Andy Manar http://wuis.org/post/interview-state-senator-andy-manar <p>State Senator Andy Manar (D - Bunker Hill) is in his first term serving the 48th District.&nbsp; It stretches from Springfield and Decatur south into Madison County.<br /><br />Before he was elected, Manar spent time as Chief of Staff to Senate President John Cullerton and served as Chairman of the Macoupin County Board.<br /> Thu, 10 Oct 2013 13:51:00 +0000 Sean Crawford 10612 at http://wuis.org Interview: State Senator Andy Manar Quinn: Pensions Before Tax Breaks For ADM, OfficeMax http://wuis.org/post/quinn-pensions-tax-breaks-adm-officemax <p><span style="line-height: 1.5;">When lawmakers return to Springfield for their fall session later this month, they&#39;ll be weighing requests from several international companies that want tax breaks for keeping their headquarters in Illinois. But </span>Gov<span style="line-height: 1.5;">. Pat Quinn is throwing cold water on that idea.</span></p> Fri, 04 Oct 2013 18:34:50 +0000 Brian Mackey 10312 at http://wuis.org Quinn: Pensions Before Tax Breaks For ADM, OfficeMax Quinn: Wrong Time For Tax Breaks http://wuis.org/post/quinn-wrong-time-tax-breaks <p>Gov. Pat Quinn says he will veto any legislation with special tax breaks to get Archer Daniels Midland Company to keep its global headquarters in Illinois until lawmakers address the state&#39;s pension crisis. &nbsp;<br />In an interview with The Associated Press, Quinn says it&#39;s ``the wrong time&#39;&#39; to talk about tax incentives for any company. &nbsp; Fri, 04 Oct 2013 13:32:34 +0000 Associated Press 10264 at http://wuis.org Quinn: Wrong Time For Tax Breaks Decatur Job Loss Part Of Negotiations On ADM Incentives http://wuis.org/post/decatur-job-loss-part-negotiations-adm-incentives <p>Senate President John Cullerton says any tax-incentive package to get Archer Daniels Midland Company to keep its headquarters in Illinois should include something to make up for the loss of jobs in Decatur.<br />&nbsp;<br />ADM announced last week it was moving its global headquarters _ and 100 jobs _<br />out of Decatur. The company is asking the state for $20 million in tax breaks to<br />keep its headquarters in Illinois. Chicago officials have said the city is in<br />the running.<br />&nbsp;<br />The (Springfield) State Journal-Register reports (http://bit.ly/156Z8gp ) Thu, 03 Oct 2013 22:12:51 +0000 Associated Press 10240 at http://wuis.org Decatur Job Loss Part Of Negotiations On ADM Incentives Incentive Plan To Keep ADM Headquarters In Illinois http://wuis.org/post/incentive-plan-keep-adm-headquarters-illinois <p>A proposed incentive package created to persuade Archer Daniels Midland Company to keep its global headquarters in Illinois is sparking debate among lawmakers. &nbsp;<br />The proposal would give ADM a 10 percent break on utility taxes for up to 30 years and an income-tax credit. It&#39;s expected to be discussed at an Illinois House committee meeting Tuesday. &nbsp;<br />ADM announced last week it plans to move its global headquarters out of Decatur. &nbsp; Mon, 30 Sep 2013 23:39:00 +0000 Associated Press 9979 at http://wuis.org Incentive Plan To Keep ADM Headquarters In Illinois ADM To Move Headquarters From Decatur http://wuis.org/post/adm-move-headquarters-decatur <p>Agribusiness giant Archer Daniel Midland Company says that after 44 years in Decatur, Ill., it is looking for a new location for its headquarters.<br>&nbsp;<br>CEO Patricia Woertz says in a news release Monday that ADM needs what she called a global center with better access to customers and employees around the world.&nbsp;<br>The company says it doesn't plan layoffs and will keep a workforce of 4,400 in Decatur, which also will become ADM's North American headquarters.&nbsp; ADM says the new headquarters would have about 100 employees.<br>&nbsp; Mon, 23 Sep 2013 19:30:05 +0000 Associated Press 9487 at http://wuis.org ADM To Move Headquarters From Decatur ADM Reports Lower Net Income, Higher Costs http://wuis.org/post/adm-reports-lower-net-income-higher-costs <p>Archer Daniels Midland says its net income fell 22 percent in the second quarter as expenses climbed.&nbsp;<br>The agribusiness company also says it more than doubled its provision for a possible settlement of an overseas bribery probe that's being conducted by the<br>federal government.&nbsp;</p> Tue, 06 Aug 2013 17:14:01 +0000 Sean Crawford 6840 at http://wuis.org ADM Reports Lower Net Income, Higher Costs