CHICAGO (AP) — Archer Daniels Midland Co. announced Wednesday it is moving its global headquarters to Chicago, but said the agribusiness giant could still set up a new technology center in another state after failing to win millions in tax incentives.
The company said in a written statement it would move a small corporate team of about 50 to 75 employees to Chicago, but won’t, at least for now, be bringing 100 more jobs that were to come with the technology center it had planned for the same site.
ADM plans to keep about 4,400 jobs in Decatur, where it’s been headquartered for 44 years, and make that city its North American headquarters.
ADM Chairman and Chief Executive Patricia Woertz said the company had originally planned to bundle its new global headquarters with the technology center in one location that could have brought twice as many jobs to the city.
ADM had sought up to $30 million in tax breaks to keep the global headquarters in Illinois.
The Illinois Senate and a House committee approved that deal during a special legislative session earlier this month, but the House adjourned without voting on the measure.