Archer Daniels Midland will keep its global headquarters in Illinois… despite the state’s failure to approve a tax incentive deal.
Sources tell the Associated Press that the decision will involve relocating 60 to 75 jobs from Decatur to Chicago.
Initially, ADM had looked at out-of-state locations for the global headquarters, and had sought tax credits as part of a deal to keep that part of its operations in Illinois.
In the end, no tax incentives are involved.
But the decision also apparently means that ADM won’t bring additional jobs into Decatur to replace those that were lost… something that was part of the legislative tax break proposal.