Archer Daniels Midland

Business
5:56 pm
Thu December 11, 2014

ADM To Open Tech Center In Kentucky

Agribusiness company Archer Daniels Midland says it plans to
open a new informational technology center next year in Kentucky that will
eventually employ about 200 people.
 
The Chicago-based company said Thursday that the new center will open in the
second half of 2015 in Erlanger, Kentucky, with about 100 contractors and ADM
employees and eventually expand.
 
The center will be in the same complex as ADM's WILD Flavors offices in
Erlanger. The town is about 15 miles southwest of Cincinnati.
 

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Elexction 2014
11:31 pm
Sat August 2, 2014

Rauner Critical Of Quinn's Choice For Ag Director

Bob Flider
Credit Illinois Dept. of Agriculture

Republican candidate for governor Bruce Rauner is criticizing Gov. Pat Quinn's agriculture director.
 
Lee Enterprises Newspapers' Springfield bureau reports that Rauner did not mention Bob Flider by name in outlining his agriculture plans. But he said the agency's director must ``have first-hand farming
experience.''
 
Flider was named director of agriculture after he lost a 2010 re-election race
for the Illinois House. He then voted for Quinn's 67 percent income-tax increase
after earlier opposing it.
 

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Pans Tax Credits
6:19 pm
Wed December 11, 2013

Madigan: Resist Temptation To Cave To Corporate Officials' Demands

House Speaker Michael Madigan readies to introduce a pension overhaul bill denounced by public employee unions, who say Illinois should instead close corporate tax loopholes. Madigan today (12/11) issued a statement saying Illinois lawmakers "must resist the temptation to cave to corporate officials' demands every time they impose a deadline for payment in exchange for remaining in Illinois."
Credit Amanda Vinicky

  

  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.

    

The Illinois House is getting flak for adjourning earlier this month without voting on tax breaks approved by the Senate -- deals meant to lure the newly-merged Office Depot to Illinois, and to convince Archer Daniels Midland to keep its global headquarters in-state.

Quinn Mum
6:11 pm
Tue December 10, 2013

Illinois Loses Office Depot, Is ADM Next?

  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.

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.

Chicago's in the running, but so are major cities.

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Statehouse
6:00 am
Tue December 3, 2013

Satellite TV Tax Could Help ADM, Office Depot

Credit ADM

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.

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.

The deal would let the companies keep money they deduct from employee paychecks for Illinois taxes.

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Veto Session Wrap-Up
3:26 pm
Thu November 7, 2013

Legislators Leave Capital, But They May Be Back

Credit Brian Mackey/WUIS

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.

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.

The rest of the major issues on the General Assembly's agenda remain:

-a tax package crafted to ensure Archer Daniels Midland keeps its headquarters in Illinois is on hold

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Statehouse
8:52 am
Thu November 7, 2013

Tax Breaks For ADM, Office Depot Advancing in Senate

A Senate panel has approved legislation that would give tax incentives to two of Illinois biggest corporations — Office Depot and Archer Daniels Midland.

ADM says it's moving its head office from Decatur to a larger city.

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.

"We have 17,000 North American employees, and 4,500 of them are in Decatur. So Illinois is a preference," Webb said.

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Tax Credits
6:46 am
Wed November 6, 2013

Legislators Set To Give Tax Breaks ... But Not Yet, ADM

Director of Illinois' Department of Commerce and Economic Opportunity testifies at the House revenue committee about tax incentive options offered to companies looking to locate to Illinois, or threatening to leave the state.
Credit Amanda Vinicky

  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. 

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.

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Business
6:22 am
Mon November 4, 2013

Greg Baise: Illinois Has To Compete For Jobs

Greg Baise
Credit IMA

A key Illinois business leader says the state is facing tough competition when it comes to keeping jobs.  Greg Baise is President of the Illinois Manufacturer's Association.  He says controversial legislation in Illinois that would offer tax breaks to certain firms is an effort to keep pace.

Among the firms, agribusiness leader Archer Daniels Midland, which wants to move it's corporate headquarters from Decatur to a larger city.  Illinois and other states are wooing the company with promises of tax incentives.

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Same-Sex Marriage Vote Possible
6:22 am
Mon November 4, 2013

Heavy Veto Session Agenda

Rep. Elaine Nekritz, a Democrat from Northbrook, is a member of the conference committee tasked with negotiating a pension deal.
Credit ILGA.gov

  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.

The first week of the veto session late last month went by with little of substance accomplished.

But what the General Assembly didn't touch then is back now.

Like tax packages designed to keep companies, like Archer Daniels Midland, headquartered in Illinois.

It also appears the sponsor of stalled same-sex marriage legislation is leaning toward calling it for a vote in the House.

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Statehouse
3:32 pm
Thu October 31, 2013

Senator Wants Job Commitment From ADM

Sen. Andy Manar
Credit ilga.gov

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.
 
State Sen. Andy Manar introduced an amendment Thursday to require the company
to relocate at least 100 jobs from out of state to Decatur and hire at least 100
new full-time employees a year in the city for five years.
 
ADM announced earlier this year it will move its 100-employee global
headquarters out of Decatur. ADM is reportedly considering Chicago and other
cities.
 

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Harvest Desk
10:45 am
Tue October 29, 2013

Income Up - Revenue Down At ADM

Credit ADM

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.  

Revenue fell 2 percent but beat analysts' forecasts.  
Net income was $476 million, or 72 cents per share, up from $182 million, or 28 cents per share, a year earlier.  

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Statehouse
6:00 am
Wed October 23, 2013

Veto Session So Far: Nothing Happening

Credit Brian Mackey/WUIS

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.

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.

Meanwhile, OfficeMax and Archer Daniels Midland are among the companies seeking millions of dollars in tax breaks to keep their corporate headquarters in Illinois, but those proposals are still being negotiated.

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Statehouse
3:20 pm
Tue October 22, 2013

ADM Incentives Vote On Hold

Rep. John Bradley (D-Marion)
Credit housedem.state.il.us

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.  

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.  

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.  

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Harvest Desk
1:38 am
Tue October 15, 2013

Shipping Containers Can Open Export Market To Farmers

Agribusiness giant ADM recently opened a 275-acre container shipping rail yard near Decatur, Ill., in part to export more grain.
Credit Bill Wheelhouse/Harvest Public Media

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’s in the heart of Illinois farm country because farmers have been taking advantage of a new method of shipping out their products.

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Business
4:46 pm
Fri October 11, 2013

ADM Eyeing Atlanta For Headquarters?

Archer Daniels Midland is on the lookout for a new home for its world headquarters.  And it's not being limited to the midwest.  The Atlanta Journal-Constitution reports ADM leaders met with Atlanta officials.

ADM has said it won't comment on sites in the running.   Other reports this week has the company looking at Minneapolis.  Chicago and St. Louis have also been mentioned as possibilities.

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Statehouse
8:51 am
Thu October 10, 2013

Interview: State Senator Andy Manar

Sen. Andy Manar (D-Bunker Hill)

State Senator Andy Manar (D - Bunker Hill) is in his first term serving the 48th District.  It stretches from Springfield and Decatur south into Madison County.

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.

Manar sat down with WUIS' Sean Crawford to talk about some of the issues facing state government, including public pensions, tax incentives for ADM, education funding and how he was considered as a possible running mate to former gubernatorial candidate Bill Daley:

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Statehouse
1:34 pm
Fri October 4, 2013

Quinn: Pensions Before Tax Breaks For ADM, OfficeMax

Credit Brian Mackey/WUIS

When lawmakers return to Springfield for their fall session later this month, they'll be weighing requests from several international companies that want tax breaks for keeping their headquarters in Illinois. But Gov. Pat Quinn is throwing cold water on that idea.

Most of the tax-credit attention has gone to agribusiness giant Archer Daniels Midland Company, which wants up to $24 million keep its global head office in Illinois. But lawmakers have also heard requests from Zurich Insurance, based in Schaumburg, and OfficeMax, based in Naperville, and there are others.

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Statehouse
8:32 am
Fri October 4, 2013

Quinn: Wrong Time For Tax Breaks

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's pension crisis.  
In an interview with The Associated Press, Quinn says it's ``the wrong time'' to talk about tax incentives for any company.  
The Chicago Democrat says the best thing the Legislature can do to help ADM or other businesses is address Illinois' nearly $100 billion pension shortfall. He wants lawmakers to act when they meet later this month.  

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Statehouse
5:12 pm
Thu October 3, 2013

Decatur Job Loss Part Of Negotiations On ADM Incentives

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.
 
ADM announced last week it was moving its global headquarters _ and 100 jobs _
out of Decatur. The company is asking the state for $20 million in tax breaks to
keep its headquarters in Illinois. Chicago officials have said the city is in
the running.
 
The (Springfield) State Journal-Register reports (http://bit.ly/156Z8gp )

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Business
6:39 pm
Mon September 30, 2013

Incentive Plan To Keep ADM Headquarters In Illinois

Credit ADM

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.  

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Harvest Desk
2:30 pm
Mon September 23, 2013

ADM To Move Headquarters From Decatur

Credit ADM

Agribusiness giant Archer Daniel Midland Company says that after 44 years in Decatur, Ill., it is looking for a new location for its headquarters.
 
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. 
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.  ADM says the new headquarters would have about 100 employees.
 
ADM is the largest employer in Decatur.

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Business
12:14 pm
Tue August 6, 2013

ADM Reports Lower Net Income, Higher Costs

Credit adm.com

Archer Daniels Midland says its net income fell 22 percent in the second quarter as expenses climbed. 
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
federal government. 

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