Incentive Plan To Keep ADM Headquarters In Illinois
A proposed incentive package created to persuade Archer Daniels Midland Company to keep its global headquarters in Illinois is sparking debate among lawmakers.
The proposal would give ADM a 10 percent break on utility taxes for up to 30 years and an income-tax credit. It's expected to be discussed at an Illinois House committee meeting Tuesday.
ADM announced last week it plans to move its global headquarters out of Decatur.
The Springfield bureau of Lee Enterprises Newspapers reports (http://bit.ly/19cSYi4 ) state Sen. Andy Manar said Monday he'll oppose any measure that results in job losses in Decatur, which is located in the Democratic senator's district.
But Republican Rep. David Harris says the incentives are palatable because ADM would only get them if it creates new jobs.