SPRINGFIELD, IL-State lawmakers on Wednesday inched closer to granting Archer Daniels Midland Co. special incentives aimed at keeping the agricultural giant in the state of Illinois.
In addition, legislators are poised to Univar Inc. and Office Max incentives that tie aid with the amount of jobs created or retained in the state. ADM is seeking $5,000 per job per year, Univar Inc. is looking for $3,000 per worker and OfficeMax, which is now Office Depot after its recent merger, is requesting $1,570 per job, according to the Chicago Tribune.
All the companies are seeking to be given permission to collect their employees' tax withholdings instead of forwarding them to the state. The ADM measure would tie incentives to 300 jobs: moving 100 jobs from Decatur, where it is now based, to the company's new global headquarters, and creating 100 jobs at the headquarters and 100 jobs in Decatur. See story in the Chicago Tribune.
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