Monday, September 23, 2013

Is ADM Headquarters In Indy's Future?

Agribusiness giant Archer Daniels Midland announced today that it is planning on relocating its global corporate headquarters from its current location in Decatur, Illinois to a new location with better access to its customers around the world. ADM acknowledges that it is already in discussions with unidentified officials and advisers about potential new locations but won't disclose at this time where it may be headed. The company plans to maintain most of its 4,400-employee workforce in Decatur. About 100 corporate officials will be relocated to the new headquarters. The company has 30,000 employees worldwide and ranks 27th on the Fortune 500 list. State and city officials have been devoting considerable resources to attracting companies in other states to move their corporate headquarters to Indiana so far with little success. ADM would be a great catch and a good fit for the Indianapolis metropolitan area. Landing a global company like ADM could also help our struggling airport land more regular flights to key cities currently missing from daily flight schedule. Illinois Gov. Pat Quinn is in talks with the company and city officials in Chicago to entice the company to relocate to Chicago rather than a location outside the state. Mayor Rahm Emanuel claims the company has agreed to consider offers from the city.


Flogger said...

Too bad that deals like this come with a price tag for the City and State. The articles on the Evansville, and Fort Wayne Hotels where the tax payers have to kick in to build them is now all too familiar.

The question of this Corporate Welfare as a philosophy and as means of doing business is never brought up. At least in Evansville there are some questions being raised. Here in Indy our political officials just ask where to sign.

guy77money said...

Corporate head quarters might be be more at home in Carmel then downtown Indy.