Archer Daniels Midland
A state Senate committee has approved tax credits worth up to $30 million for Archer Daniels Midland Company and $53 million for the newly merged OfficeMax and Office Depot.
ADM is the largest employer in Decatur, and several thousand jobs would remain there.
It certainly isn’t because St. Louis hasn’t invited them, says St. Louis City-County Economic Development Partnership CEO Denny Coleman.
St. Louis Regional Chamber President Joe Reagan says St. Louis makes sense because of the plant sciences hub here as well as the investment ADM already has.
“We’re certainly very proud of this region and we’re glad to speak for it,” Derek Rapp, Mergers and Acquisitions Lead at Monsanto, tells KMOX News.
“We wanted Decatur to understand that just because we’re moving a relatively small group and re-naming a global headquarters, that Decatur remains very critical”
In Missouri, Department of Economic Development spokeswoman Amy Suson wouldn’t acknowledge conversations with the company.
At 10 a.m. Tuesday, an Illinois House committee will hold a hearing about offering ADM a ten percent break on utility taxes for three decades as well as an income tax credit.
“This would be a huge victory if we were to land a company of that stature,” said Katy Jamboretz, who works for the St. Louis region’s economic development agency.
“As far as we’re concerned, if they come to St. Louis, whether it’s the city or county, we’re all going to benefit,” the mayor said.