Corporate Incentives Come Under Scrutiny in Illinois"I really think this is, the coming year, a good opportunity to take a step back and examine the tax code and the incentives in Illinois," Gov. Quinn says.
ADM, OfficeMax Tax Breaks Get Initial OK 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.
Illinois Legislation Would Require Decatur Jobs in ADM DealADM is the largest employer in Decatur, and several thousand jobs would remain there.
ADM Has Yet to Visit St. Louis in Relocation SearchIt certainly isn't because St. Louis hasn't invited them, says St. Louis City-County Economic Development Partnership CEO Denny Coleman.
Regional Chamber President Weighs in on Possible ADM MoveSt. 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.
Monsanto, Danforth Center Urge ADM to Choose St. Louis"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.
Archer Daniels Midland Reaffirms Commitment to Decatur"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"
ADM Seeks $20 Million in Ill. Tax Breaks, Missouri Stays MumIn Missouri, Department of Economic Development spokeswoman Amy Suson wouldn't acknowledge conversations with the company.
Illinois Offers Tax Breaks to Lure Archer Daniels MidlandAt 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.
St. Louis Eyes Rival Chicago Over ADM Decision"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.
Slay and Dooley Say They're Working to Lure ADM"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.
Metro East Unemployment Remains At 10.3%The jobless rate dropped or was flat in five areas, including Illinois' St. Louis suburbs.