Capitol Fax.com - Your Illinois News Radar » The next bidding war?
SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
CapitolFax.com
To subscribe to Capitol Fax, click here.
The next bidding war?

Thursday, Dec 19, 2013

* Now that ADM has decided to open its new global headquarters in Chicago, the company is putting a new tech center up for bids. Mayor Rahm Emanuel wants that tech center and is trying to claim credit for the HQ decision as well

“The mayor’s message this morning was, ‘OK, great, fantastic (about the ADM headquarters). Don’t celebrate too long. Let’s get really focused on winning the tech center,’” said Deputy Mayor Steve Koch, the mayor’s point man on attracting businesses to the city.

In fact, at one point while ADM was considering where to locate its global headquarters, Mayor Rahm Emanuel made a presentation to the company’s board of directors and responded to questions, a source familiar with the meeting said. The meeting took place Oct. 30 at the Modern Wing at the Art Institute.

I’m told by people close to the situation, however, that Gov. Pat Quinn made a strong, sustained personal effort to persuade ADM CEO Patricia Woertz to move the headquarters to Chicago without tax incentives.

* Quinn also wants the tech center, but within some limits

Gov. Pat Quinn said the state will continue to pursue the technology center, saying ADM officials indicated that matter was “still open for competition.” The governor would not rule out some form of taxpayer-funded help to lure the center to Illinois but cautioned the state would not be handing out tax breaks “willy-nilly.”

“I don’t think that’s a good way to go,” Quinn said. “I think it’s better to be very precise with each and every company that comes to us.'’

“Our best way of helping the most companies is to invest in public works like roads, highways, railroads and water systems and to help them with their job training, with their educated, skilled workforce that we’ve got in abundance,” Quinn said.

* Sen. Andy Manar thinks the old way may be dead

“The things that have been done in the past, long before I arrived in the state Senate, I would say have come to an end.”

Manar tried to shepherd legislation through the statehouse that would have given ADM nearly $30 million in tax breaks. The company, however, would have to hire 500 people in Decatur.

“I think the EDGE tax credit program needs some hefty reforms. I think we need to have that robust conversation, and I think (my legislation) is a good place to start,” Manar told Illinois Watchdog. […]

“If these things are going to come before the Legislature again, we should look at what the Senate passed for ADM,” Manar said. “That’s a good framework, in my mind, on how to achieve balance with (tax credits).”

* Not surprisingly, the Decatur newspaper isn’t happy

Central Illinois should not, however, be upset with ADM. Moving the world headquarters is an understandable business decision and no one should forget that 4,400 jobs will remain in Decatur and that Decatur will remain as the North American headquarters.

But Central Illinois has every reason to feel slighted by its state government. After handing out tax incentives for years, Madigan and others suddenly decided it was time to change course. That decision came as the center of the state was finally going to benefit from a tax incentive package. It’s hard to believe that was a coincidence.

It’s good that ADM is keeping its world headquarters in Chicago. But it seems the state missed a chance for a bigger world headquarters, a technology center, and most importantly to add jobs in Central Illinois.

That doesn’t seem like a win.

* Meanwhile, in other corporate news

Mayor Rahm Emanuel’s office says Chicago and state officials have reached a deal with an Indiana company that will require it to remove huge black piles of petroleum coke from the city’s Southeast Side.

Known as “petcoke,” the material is a powdery byproduct of oil refining that’s been accumulating along Midwest shipping channels and sparking health and environmental concerns.

Emanuel and Illinois Attorney General Lisa Madigan plan to announce the deal Thursday.

- Posted by Rich Miller        

13 Comments
  1. - walkinfool - Thursday, Dec 19, 13 @ 10:18 am:

    Indiana company dumping major waste across the border in Illinois.

    Cute.


  2. - wordslinger - Thursday, Dec 19, 13 @ 10:24 am:

    – “The mayor’s message this morning was, ‘OK, great, fantastic (about the ADM headquarters). Don’t celebrate too long. Let’s get really focused on winning the tech center,’” said Deputy Mayor Steve Koch, the mayor’s point man on attracting businesses to the city.–

    LOL, dig this guy. Like Emanuel or his crew have had anything to do with making Chicago the fourth largest metro economy in the world.

    ADM will put the tech center where it works best for them. They’ll take the money that politicians will throw at them in order to issue expensive press releases, but they’re just playing the chumps.

    Guys like Koch would be more productive if they grabbed a shovel and started removing petcoke from the Southeast Side.


  3. - Roadiepig - Thursday, Dec 19, 13 @ 10:49 am:

    I would like to think that senator Manar is correct in that the state has ended the process of caving into the blackmail demands that companies have been holding out for like in the past, but I think this time they just knew ADM was coming to Chicago anyway. We will see the next time a CEO has a presser to explain how Texas or Ohio has offered X to get then to move. Then we will see if it true.


  4. - RNUG - Thursday, Dec 19, 13 @ 10:51 am:

    If ADM wants the tech center close by or integrated into their commodities trading center, it will end up in the Chicago area. The closer they can get to CME’s computers, the better the response time; it’s all about propigation delay. A millisecond here and there can provide a very slight advantage. Plus there is a huge amount of computer talent in Chicago. As one person I know used to joke, he could change jobs without changing parking spaces.

    I’m betting on Chicagoland …


  5. - For Whatever It's Worth - Thursday, Dec 19, 13 @ 11:01 am:

    Even though I do not support blackmail techniques on the part of large corporations, I fully support the state reaching out and working with corporations that will be creating additional good jobs in our state.


  6. - Endangered Moderate Species - Thursday, Dec 19, 13 @ 11:03 am:

    Typically, I am not a proponent of smokestack chasing politics, but it must be said that ADM could make the case as being the #1 job creator in Illinois history.

    ADM has been one of the main leaders in developing technologies and markets for Soybeans, especially soybean oil (vegetable oil).

    Prior to 1929, soybeans were a minor crop, grown mostly in North Carolina. Research at the University of Illinois, ADM, Staley, etc. broke ground for oil extraction and new markets for soybeans.

    The Illinois prairie has proven to be an excellent environment for soybean growing.

    It is fair to say, ADM makes a positive economic impact on every community in this State.

    54% of Illinois soybeans are exported (new money coming into our economy).

    The Illinois agriculture economy is about $5 billion and provides $1.5 million jobs (directly and indirectly). $2.8 billion is directly related to soybeans.


  7. - D.P.Gumby - Thursday, Dec 19, 13 @ 11:17 am:

    Bribing corporations w/ tax dollars when the gap between the workers and the executives is appalling.


  8. - thinking - Thursday, Dec 19, 13 @ 11:18 am:

    It would be an interesting FOIA to see if any grants were given by the state to ADM to keep them in the state. That way people would not know about the money.


  9. - train111 - Thursday, Dec 19, 13 @ 11:26 am:

    The whole Petcoke thing is a side product of refining heavy Canadian tar sands oil. (damn those unforseen consequenses!!!!) The BP refinery in Whiting has been partially retrofitted to refine this stuff, and will be further converted theis year producing even more pet coke.
    This is only 1 of the 2 companys storing petcoke anyways. KCBX (the infamous Koch Bros) will probably still be storing and shipping it. (It is eventually loaded on ships and used as fuel overseas. It is not readily used in the US due to pollutiuon standards)
    Incidentally a section of railroad trackage on the southeast side of Chicago is being rehabbed/rebuilt for a quicker route to operate trains of petcoke from the BP refinery to KCBX.

    train111


  10. - Anonymous - Thursday, Dec 19, 13 @ 11:39 am:

    Would the old Chanute Air Force base interest ADM?
    I believe there’s still a runway there. Chicago could work on a Tech center and downstate could get some much needed jobs.


  11. - wordslinger - Thursday, Dec 19, 13 @ 11:52 am:

    –A millisecond here and there can provide a very slight advantage.–

    Or a huge one.

    http://www.annarbor.com/news/thompson-reuters-gives-elite-traders-an-advantage-with-early-release-of-university-of-michigan-consu/


  12. - DuPage - Thursday, Dec 19, 13 @ 8:35 pm:

    @Anonymous 11:39, It might be better for Boeing. They require a large site with an airport next to it so the planes they make can take off and fly to be delivered. Perfect.


  13. - PublicServant - Friday, Dec 20, 13 @ 8:50 am:

    Uhmmm, the University of Illinois is a much bigger employer than ADM, and does much more for the Illinois economy, but those employees are those filthy, greedy state employees. Sometimes (all the time) right wing ideologues don’t realize the economic impact of the public sector on a variety of levels (workforce education, tax multipliers, my spending is, after all, your income).


Sorry, comments for this post are now closed.


* Rauner won't be deposed in Madigan case
* Today's must-read
* State admits to $1.2 billion structural deficit
* It's just a bill
* Caption contest!
* I have so many questions about this
* Because... Madigan!
* Williamson County will hold a gun rights referendum, but not the one favored by the governor
* *** UPDATED x1 - "They can't kill each other fast enough on the south and southwest sides" *** Helene Miller Walsh gets Sauer seat
* Rate Londrigan's first TV ad
* Madigan lawyers try to prove Gonzales conspiracy
* Monique Garcia leaves Tribune for Mac Strategies
* Obama cuts video for Pritzker, who just dumped another $20 million into his account
* Rauner questioned on job creation
* Um, wut?
* *** LIVE COVERAGE ***
* SUBSCRIBERS ONLY - Today's edition of Capitol Fax (use all CAPS in password)
* Yesterday's stories

Support CapitolFax.com
Visit our advertisers...

...............

...............

...............

...............
<


Loading


* Obama endorses JB Pritzker for Illinois .....
* Zion Jubilee Days celebrates 70th year..
* Obama Endorses Illinois Governor Candidate Caug.....
* Obama muscles into Illinois governor's race..
* Judge: Don't need Rauner deposition to prov.....
* The games Illinois insiders play to keep you, t.....
* Illinois Republicans: Prepare for a crash landing..
* Past divisions forgotten, Obama endorses JB .....
* Obama promotes Pritzker in new video..
* Barack Obama weighs in on Illinois governor rac.....


* Mother testifies about being told of daughter’s shooting
* Prosecutors to give immunity to officers to gain testimony
* 2 teens found dead in a field among latest Chicago victims
* Law allows Medicaid flexibility for ‘medically fragile’ kids
* SEC accuses father, son of Ponzi-style scheme
* Missouri opens hay, water programs for farmers amid drought
* Storm forces Army helicopters to land in St. Louis area
* Concerns raised of 2 accused priests living near school
* Illinois State Fair vendors see drop in attendance, sales
* Catholics consider withholding donations amid abuse scandals

* Gov. Rauner signs bill for two-year license plate renewals
* Davis did not personally send staffer to opponent's event
* Law allows firearm permit grace period during renewal
* Obama records video backing Pritzker for Illinois governor
* J.B. Pritzker adds $20M to his campaign; now up to $126.5M total
* Penalty for first-time distracted-driving ticket to increase
* Judge in Aaron Schock case removed from all cases involving federal government
* Rauner signs bill to educate students about loans
* Doris Kearns Goodwin coming to Springfield for fundraiser
* Davis staffer arrested after altercation at Londrigan fundraiser

* DuPage pushes fight for O'Hare western terminal
* United sheds punching-bag status with biggest U.S. airline rally
* Northern Trust looks to get into crypto custody
* Redbox gears up for its first major ad campaign
* Whither the Kraft Heinz ketchup packet?


* Immigrants, once promised citizenship, reinstated after boot from US Army
* Laquan McDonald murder case: Final hearing set before trial begins Sept. 5
* New mom Cardi B opens MTV VMAs holding bundle
* Hadiya’s mom testifies: ‘I didn’t understand why my daughter had been shot’
* White Sox manager Renteria taken to hospital
* Sabremetrics surprise: Anthony Rizzo, David Bote have the same WAR
* Bears hopeful, but still waiting to see severity of Adam Shaheen’s ankle injury
* Sox manager Rick Renteria hospitalized with lightheadedness in Minneapolis
* String of burglaries target North Side businesses
* Mechanical failure causes extensive delays at Union Station


* DePaul basketball commit Terrence Shannon reopens his recruitment
* Hadiya Pendleton trial recap: Prosecutors rest case against one defendant after Hadiya's mother testifies
* Struggling to keep her composure, Hadiya's mom recounts the call telling her of daughter's shooting
* Number of kids drowning in Lake Michigan increases; dangerous conditions continue Tuesday
* 'It's grind time': Cubs facing a stretch of 23 games without a day off
* IndyCar's Robert Wickens to have surgery on spinal injury
* White Sox manager Rick Renteria hospitalized with lightheadedness
* Colorado man charged with murder in deaths of wife, 2 kids
* McGahn does not believe he implicated Trump in special counsel interviews, his attorney tells president's legal team
* Prosecutors: Aurora man bought beer, had friendly conversation with man before shooting him to death at social club


» New Law Means More Oversight For Suburban Police Shootings
» WATCH-LISTEN: Election 2018 Forum Alton
» Senior Curator Naomi Beckwith Brings New Vision to MCA
» Crazy Rich Asians; 2001: A Space Odyssey, 50 Years Later; Illinois Politics Update
» Illinois Supreme Court Justice Says Government, Not Church, Should Investigate Catholic Sex Abuse
» New Law To Address Police Officers' Mental Health
» Chicago Musicians Remember Queen Of Soul Aretha Franklin
» Deep Fried Politics
» State Week: Both Democrats and Republicans Assert Party Unity At State Fair
» Web Extra, The Week in Review: Editorial Boards Push Back


* EJ Dionne: Slouching towards autocracy
* Gov. Rauner signs bill for two-year license plate renewals
* Davis did not personally send staffer to opponent's event
* Law allows firearm permit grace period during renewal
* Obama records video backing Pritzker for Illinois governor
* J.B. Pritzker adds $20M to his campaign; now up to $126.5M total
* Clarence Page: QAnon: When reality is just too much
* George Will: America is overdue for another Lehman-like episode
* Penalty for first-time distracted-driving ticket to increase
* Thumbs Up: To remembering the past, even the painful parts


* PHOTOS: St. Teresa vs. Springfield Volleyball
* Fire-damaged Franklin school reopens its doors
* Prep Boys Soccer: SJ-O vs. O/SF
* Woman testifies at Belleville rape trial following withdrawal of guilty plea in March
* Three charged with car theft in Davenport
* Police investigating shooting in Washington Park
* RI's Blue Cat gets new owners
* Second candidate announces for Bloomington Ward 8 council seat
* Family says they couldn’t find former boxer’s body until days after his death
* Stock driver killed in Southern Illinois racing accident


* Drake makes birthday wish come true for 11-year-old Downers Grove girl at Lurie Children's Hospital
* Colonial Cafe closes abruptly in Elgin and Crystal Lake
* Rams right tackle Havenstein agrees to extension through '22
* Morales hits two home runs as Blue Jays beat Orioles 5-3
* Open season in the Mid-Suburban West

* Roskam visit highlights stroke treatment a...
* The Nuns On The Bus Are Going To Mar-a-Lag...
* SPASD approves community survey
* Milo Gibson, Laurence Fishburne To Star In...
* Word on the Street: Town halls show voters...
* Angie Muhs: SJ-R to host candidate debates...
* Bernard Schoenburg: Ag policy forum featur...
* Illinois' congressional delegation spa...
* VIDEO: Bustos makes stop in Hanover
* Illinois' congressional delegation spa...

* Who's telling the truth about high Rx ......
* Judiciary chair challenges Leahy request f......
* Cambridge Financial Group Has Raised Its C......
* Aspiring Lawyers Warned About Twitter, Soc......
* Caption contest!...

* Vets group sues Trump administration to en......
* Veterans group sues to block Trump's &......
* Aspiring Lawyers Warned About Twitter, Soc......
* Liuba Grechen Shirley Says Mothers Like He......
* VA struggles continue...

* "Everyone's a Designer/Everyone's Design" offers a peek into the heart of some fascinating Chicago homes
* Crashing the boys’ club: independent women directors in the 60s and 70s
* A Mobile Guide to Library Resources
* Panicked universities in search of students are adding thousands of new majors
* What if A.I. is coming for jobs faster than we thought?
* Despite Increase in Instructionl Designers, There Is No ‘Universal Profile’ for the Role
* Data Analytics and Student Advising: Creating a Culture Shift on Campus
* ‘Girl powered’ robotics workshop at Google builds skills, confidence
* Dabrowski: It’s the pension promises, stupid!
* Chicago-based Ozinga pours solid foundation for Wisconsin's Foxconn


* PLAN AHEAD! SAVE TIME AND MONEY AT DU QUOIN STATE FAIR
* CALLING ALL KARAOKE SINGERS!
* Illinois 89 bridge demolition set for August 22
* 2018 Will County Tentative Multiplier Announced
* 2017 Hancock County Final Multiplier Announced

  
* SurfSafe offers a browser-based solution to fake news
* ​Datacentre issue to blame for Commonwealth Bank outage
* Twitch drops ad-free experience on Twitch Prime
* A New Yorker invited over 150 men on the world’s most bizarre Tinder date
* OnePlus finally gets a US carrier to sell phones on store shelves
* JBL’s Android TV soundbar will sell for $400 in October
* Facebook faces backlash over discriminatory ad tools it promised to fix

* Leury Garcia exits with left hamstring strain
* Superstar first-pitch nun getting a bobblehead
* Renteria hospitalized after feeling light-headed
* Renteria hospitalized after feeling light-headed
* White Sox manager Rick Renteria taken to hospital
* Scouting report: White Sox vs. Minnesota Twins at Guaranteed...
* Get to know Michael Kopech, the White Sox's newest flame...


Main Menu
Home
Illinois
YouTube
Pundit rankings
Obama
Subscriber Content
Durbin
Burris
Blagojevich Trial
Advertising
Updated Posts
Polls

Archives
August 2018
July 2018
June 2018
May 2018
April 2018
March 2018
February 2018
January 2018
December 2017
November 2017
October 2017
September 2017
August 2017
July 2017
June 2017
May 2017
April 2017
March 2017
February 2017
January 2017
December 2016
November 2016
October 2016
September 2016
August 2016
July 2016
June 2016
May 2016
April 2016
March 2016
February 2016
January 2016
December 2015
November 2015
October 2015
September 2015
August 2015
July 2015
June 2015
May 2015
April 2015
March 2015
February 2015
January 2015
December 2014
November 2014
October 2014
September 2014
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
April 2013
March 2013
February 2013
January 2013
December 2012
November 2012
October 2012
September 2012
August 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
April 2005
March 2005
February 2005
January 2005
December 2004
November 2004
October 2004

Blog*Spot Archives
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
May 2005

Syndication

RSS Feed 2.0
Comments RSS 2.0
WordPress




Hosted by MCS SUBSCRIBE to Capitol Fax Advertise Here Mobile Version Contact Rich Miller