ADM to move headquarters to Chicago

Archer Daniels Midland Co. is expected to announce Wednesday that it will move its headquarters to Chicago without the state tax incentive the Decatur-based agriculture giant sought, the Chicago Tribune has learned.

ADM will shift 60 to 75 jobs to Chicago with the move, fewer than the 100 originally projected. A technology center that would have meant 100 new jobs, which also was part of the plan discussed during the campaign to get a tax break from Illinois legislators, is no longer tied to the headquarters change.

The incentives ADM sought became catalyst for a political firestorm in Springfield. A package worth $1.5 million per year cleared the Illinois Senate, but the House adjourned for the year before a vote could be called.

Crain's Chicago Business was first to report ADM's decision.

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