ADM relocates to Chicago – without state tax incentives

By Michael Lucci
Archer Daniels Midland, an Illinois-based agribusiness giant, announced today that it will move the company’s global headquarters from Decatur, Ill., to Chicago, despite a tax incentive bill worth $30 million to ADM being stalled in the Illinois General Assembly. The decision keeps 60 to 75 executive-level jobs in Illinois, and comes a week after Office...

TAGS: Archer Daniels Midland, Chicago, cronyism, taxes

Veto session at a glance

By Matt Paprocki
Today marks the first day of the Illinois General Assembly’s two week veto session. Veto session is held for six days every fall to allow the General Assembly to take action on bills that the governor has vetoed. Since the spring legislative session, the governor has vetoed 10 bills – only three of those bills...

TAGS: Archer Daniels Midland, CME: Chicago Mercantile Exchange, fall veto, Groupon, John Cullerton, NALCO, Navistar, Sears, tax credits

Pay to stay

By Benjamin VanMetre
Earlier this year Texas Gov. Rick Perry wrote a letter to Illinois’ businesses and individuals trying to sell them on a move to Texas. The sales pitch was simple — it wasn’t tax credits, grants or sweetheart deals. The sales pitch was this — Texas doesn’t have an income tax. Perry understands something that Illinois...

TAGS: Archer Daniels Midland, cronyism