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ADM talks tax breaks, moving

Published: Wednesday, Oct. 2, 2013 1:15 a.m. CST

CHICAGO (AP) – A bid by Archer Daniels Midland Company for $20 million in state tax breaks as it decides whether to keep its global headquarters in Illinois drew criticism Tuesday from some state lawmakers, one of whom likened the agribusiness’ strategy to blackmail.

Testifying before the state House Revenue and Finance Committee, ADM executives explained that they were contemplating moving the headquarters from Decatur in central Illinois to a more cosmopolitan city that would be more attractive to young industry talent. Chicago officials say they’re in the running and talking to the company, though ADM has declined to name the cities it’s considering.

“We have truly evolved into a global organization,” said Greg Webb, ADM’s vice president of government relations. “We feel we need to establish this new global center.” Executives also mentioned the need to be closer to an international travel hub.

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