Capitol Fax.com - Your Illinois News Radar » The next bidding war?
Burt Minor alleges bribery, won't drop out...
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.


* Thanks, Mike Madigan!
* When even the dictionary dunks on you
* Question of the day
* It's all one, big thing
* It's just a bill
* Stay classy, Daniel
* *** UPDATED x10 - Breen responds to Minor - Minor responds - Harold speaks to Sun-Times - Raoul, Schneider, Ives, Rauner campaign, Durkin call on Minor to withdraw *** GOP township chairman alleged to have directed racist, homophobic remarks at black female GOP candidate
* National "Our Revolution" endorses Biss
* "Wauconda forever!"
* Maybe he's not so holy
* Pritzker and Biss spar over pension issue again
* *** UPDATED x1 - IEA weighs in *** Kennedy takes heat for dissing Cairo schools
* *** UPDATED x1 *** Biss' poll has him tied for second and 8 points back
* *** UPDATED x1 *** Biss blasts Pritzker over Madigan issue
* *** LIVE *** Session coverage
* Yesterday's stories

Support CapitolFax.com
Visit our advertisers...

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

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

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

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

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


Loading


* Madigan's Dual Role Questioned - Alton Daily News..
* Rauner drinks chocolate milk to demonstrate com.....
* Editorial: Once again singing those Illinois' b.....
* Jameson points to harassment issue as an exampl.....
* Pritzker, Biss trade barbs over Madigan, pensio.....
* Ives wants Minor to drop House bid over 'inexcu.....
* Pritzker gets local Democratic endorsements - W.....


* Shelters open amid Midwest flooding as rivers keep rising
* The Latest: Flood forces evacuation of suburban Dallas homes
* Bloomington man gets 30-year sentence in death of son
* Former county commissioner named to lead Illinois Tollway
* AG candidate says GOP county official used racial slur
* First National Bank to halt production of NRA credit card
* Woman, 2 men dead in Illinois had been reported missing
* Illinois lawmakers revisit gun legislation
* Illinois lawmakers revisit gun legislation
* Man accused of plotting attack hammer attack of parents

* AG candidate Erika Harold says GOP county official used racial slur
* AG candidate says GOP county official used racial slur
* Illinois Democrats move toward licensing gun stores
* Rauner 're-evaluating' whether to move veterans out of Quincy home
* Recreational marijuana ballot question clears committee
* Biss, Pritzker clash at Springfield debate
* Watch replay: Democratic governor candidate debate
* Watch live at 7 p.m.: Democratic governor candidate debate
* Chris Kennedy skipping debate due to back injury
* Illinois megadonor jumps into Missouri right-to-work fight

* Here's who is unhappy with the Loyola-MacNeal deal
* Former Grace chef, GM sue over non-competes
* Former Grace chef, GM sue over noncompetes
* Rauner aims to hit Ives—but undermines his integrity
* Ex-Cook board member gets top tollway job


* Man, woman found dead in Warrenville condominium
* Dear Abby: If he were a little taller, he’d be perfect
* Former Wheaton College student charged with stealing electronics from dorm rooms
* Chicago Police looking for information in investigation of 2018’s first homicide
* Defying NRA, Trump says raise the age for buying assault rifles
* Horoscope for Feb. 23, 2018
* Man wounded in Heart of Chicago drive-by shooting
* American women figure skaters don’t improve during free skate
* Police: Man shot to death in Englewood
* Tanks a lot — ‘New-look’ Bulls falter in final minute in 116-115 loss to Sixers


* Russians get 1st gold thanks to 15-year-old figure skater Alina Zagitova
* Florida man screams, yells 'murderers!' as he's put to death for 1993 rape and slaying
* Missouri governor charged with invasion of privacy stemming from affair
* Bobby Portis scores 38 points but Bulls lose 116-115 to 76ers
* Jenna Badali slams door as Mother McAuley shuts down Lincoln-Way East
* 2 dead, 1 wounded in city shootings
* Dismal showing for U.S. female figure skaters
* Canadian hockey player Jocelyne Larocque apologizes for taking off silver medal
* Little Village man charged with murder after police say he nearly decapitated his 2-year-old son
* Chief Illiniwek protesters, supporters turn out for Illinois' final home basketball game


» Early Voting Gets Late Start In Some IL Districts
» Illinois’ Storied History of Choosing Its Second-in-Command
» Speaker Madigan Among Lead Topics At Democratic Gubernatorial Debate
» The Primary Race That’s Almost Guaranteed To Hit Your Bottom Line
» More Gun Legislation Filed At Illinois State Capitol
» Lawmaker Rips Rauner On Legionnaires' Response At Vets' Home
» Illinois Lawmaker Looks To Ban AR-15, 'Ghost Guns'
» After Husband's DUI, Supreme Court OKs Seizure Of Wife's Harley
» Setting the Record Not-So-Straight: Rights Group Pushes Inclusive History in IL Classrooms
» Mourners: Slain Chicago Officer Was 'One Of The Good Guys'


* AG candidate Erika Harold says GOP county official used racial slur
* Counterpoint: NAFTA a good deal for corporations, a bad deal for the country
* Point: North American energy trade boosts our economic and energy security
* Thumbs Up: Work and fellowship for those who need a boost
* Eugene Robinson: Trump and the GOP won't act on gun control. So we must.
* AG candidate says GOP county official used racial slur
* Illinois Democrats move toward licensing gun stores
* Rauner 're-evaluating' whether to move veterans out of Quincy home
* Recreational marijuana ballot question clears committee
* Biss, Pritzker clash at Springfield debate


* DAILY RECORD: births, fire calls
* Maryln S. Corley
* Bart A. Pierson
* Virgie I. Billingsley
* Mary Ronsi
* Amanda Lilly Sheumaker
* Ruth Yvonne Goddard
* Underwood: 'We're gaining ground'
* Frazier: 'We've had a lot of fight in us'
* Fight there, result isn't in UI loss to Purdue


* Jon Gillies makes 35 saves, Flames beat Coyotes 5-2
* Trocheck scores late winner, Panthers beat Capitals 3-2
* Scandella scores in OT to give Sabres 3-2 win over Red Wings
* Devils acquire Grabner from Rangers in rivals' first trade
* No. 2 Mississippi State women cruise by Auburn 82-61

* This RSS feed URL is deprecated
* River Town Chronicles: Randy Hultgren is T...
* Duckworth taps downstate principal as Stat...
* A New Congressional Caucus Backs Planetary...
* House passes bill boosting funding to Illi...
* ELECTIONS 14TH CONGRESSIONAL DIST. Victor ...
* Reps Question DHS's Decision to Deny Asylu...
* Before the State of the Union, a chance to...
* Trump administration denies entry to Irani...
* Iranian refugees, denied entry to US, coul...

* This RSS feed URL is deprecated...

* This RSS feed URL is deprecated...

* Armed school teachers – a warped idea whose time has arrived? Let’s hope not!
* The Moonlighter fills Logan Square's burger and sports bar gap—and it's surprisingly pleasant
* The CTA is crowded and slow. The Reader can fix it!
* Web series Super Narcoleptic Girl introduces a superhero who fights off crime and sleep
* Attorney and former Playboy model Corri Fetman calls out ‘body-shaming’ attack ad in judicial campaign
* Birther controversy in 2nd Subcircuit?
* The [Thursday] Papers
* Lantern Bearers Needed For Argyle Lunar Parade
* Meeting On Re-Opening Carol's Pub, March 1
* The week that was.


* Illinois Awarded Funds to Offer Advanced Training on Detecting Impaired Driving
* Illinois EPA Announces Upcoming Household Hazardous Waste Collection Events
* IEMA Highlights Emergency Preparedness for People with Access and Functional Needs in May - Ready Illinois website offers preparedness tips for people, caregivers
* First Lady Launches Illinois Family Connects
* Governor and Lt. Governor Unveil 2016 Journal of Local Government Shared Service Best Practices

  
* Google I/O 2018 signups are open!
* Android Oreo update is once again rolling out to the Galaxy S8 and S8+
* Apple Pay Promo Offers Free Delivery With Instacart
* App Store Pages Now Able to Feature Up to 10 Screenshots
* Google says more than 40 carriers and device manufacturers now use its platform for RCS, the next generation of SMS
* Airbnb is rolling out a new tier aimed at higher-end travelers
* Qualcomm rejects yet another Broadcom offer, leaving little room for negotiation

* Oscar Gamble: When I’m at bat, I’m in scoring position
* White Sox youth look to get taste of Majors
* CF and relief pitching focus of camp battles
* In the year 2020 ...
* White Sox want Rodon healthy for long haul
* Santiago made his own uniform for Photo Day
* The Game I’ll Never Forget: Chet Lemon


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

Archives
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