OfficeMax

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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Tax Credits
11:32 pm
Tue December 3, 2013

ADM Unlikely To Get Tax Credit Before End Of Year

Sen. Andy Manar, D-Bunker Hill, is the sponsor of a Senate bill to give ADM a tax credit in exchange for creating new jobs in Chicago and Decatur, if the company moves its global headquarters from Decatur to Chicago.
Credit ilga.gov

While much of the attention was focused on pensions, state legislators yesterday also dealt with measures intended to get a trio of companies to call Illinois home. But they only got halfway there.

Decatur-based Archer Daniels Midland is shopping for a new world headquarters. The agribusiness giant may well choose Chicago; but it wants a tax break from Illinois, like in a measure approved by the Senate.

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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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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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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
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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