One Illinois politician is wondering what all the fuss is about the move of ADM headquarters to Chicago. State Sen. Andy Manar (D-Bunker Hill), who represents Decatur, says this decision is a disappointment. “Do we shuffle jobs from one part of the state to the other and call that a victory or a win for the state? I would say that is not a win for the state. It doesn’t lower our unemployment rate. It simply transfers jobs from one part of the state to the other,” he said.
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ADM announced Wednesday that it will move its global headquarters, with 50 to 75 employees, from Decatur to Chicago. This decision was made by ADM without tax breaks. Manar was working on legislation that would have given tax breaks to ADM, in return for which the company would have added 600 jobs in Decatur over five years. That measure passed the Senate but was not called for a vote in the House.
Manar figures that deal is dead now, but he’d like to start anew on something similar, since ADM appears willing to commit to job development in exchange for tax breaks.