* If this story is accurate, then Indiana’s bid for CME would appear to more than wipe out the company’s entire Illinois corporate income tax costs…
So, just how much is Indiana offering CME Group Inc. to move its headquarters and perhaps other operations to the Hoosier state?
I hear the figure — in net tax savings — is a mouth-watering $150 million a year. That’s from a reliable source who claims to have obtained the information from Indiana Gov. Mitch Daniels’ office.
CME isn’t commenting on who’s offering what, though CEO Terry Duffy earlier in the week said he expects the headquarters matter to be resolved by yearend.
But, in a conversation with my colleague John Pletz on Thursday, Indian’s top economic development official, Dan Hasler, stopped way short of waving us off that number.
The Hoosiers really want that company to move across the border. Illinois cannot afford to compete with an offer like that, but it also cannot afford to lose such a valuable corporation.