Republicans running for statewide office say if Archer Daniels Midland moves out of Illinois, it will be the governor’s fault. Gov. Pat Quinn said last week he would veto any bill giving tax breaks to companies before the legislature passes pension reform. Republican governor candidate Bruce Rauner believes that could drive ADM to move its headquarters to another state.
Click here for summary
“He’s just avoiding responsibility, and he’s playing games with ADM,” Rauner said. “The sad fact is what we need to focus on in Illinois, first and foremost, is our overall business climate.” Rauner said if Quinn would lower taxes for corporations and remove regulations, the tax incentives ADM is asking for wouldn’t be necessary. Other Republicans are urging Quinn to at least consider a deal for the company. “We need to assess and analyze, and certainly not hinder or antagonize them in the public as the governor’s done,” said state Rep. Jil Tracy (R-Quincy), a candidate for lieutenant governor aligned with State Sen. Kirk Dillard (R-Hinsdale).
ADM has asked for up to $24 million in incentives over 20 years as it moves its headquarters from Decatur. While Chicago is in the running, the company has been scouting other cities. ADM officials reportedly visited Minneapolis and St. Paul on Monday.