A proposal to give a tax break to ADM to encourage the Decatur-based company to keep its headquarters in Illinois has cleared a hurdle. The bill cleared the Illinois Senate by a wide margin and now heads over to the Illinois House, but the House adjourned after passing the pension reform bill before it could deal with the ADM bill.
Sponsor, State Senator Andy Manar (D-Bunker Hill), says the bill doesn't just hand ADM money. It also requires the company to create jobs in Decatur.
ADM is planning on moving its corporate headquarters out of Decatur - possibly to Chicago. ADM is the latest in a series of corporations that have threatened to leave if it didn't receive incentives. Sears, Navistar, Ford, CME Group and Motorola Mobility are among those that received tax breaks in exchange for staying put.