An Illinois House committee is expected to discuss a proposed incentive package created to persuade Archer Daniels Midland Company to keep its global headquarters in the state.
The proposal, introduced by State Representative John Bradley, would give ADM a 10 percent break on utility taxes for up to 30 years and an income-tax credit. The Revenue and Finance Committee meets today in Chicago.
ADM announced last week it plans to move its global headquarters out of Decatur. The company has said it's looking for a new headquarters with better global access.
The bulk of operations and some 4,400 jobs would stay in Decatur, and the facility would still be the company’s North American headquarters.
ADM processes corn, soybeans and other crops to make everything from animal feed to ethanol.
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