APNewsBreak: Quinn Won't Support ADM Tax Breaks
By SARA BURNETT
CHICAGO (AP) â¿¿ Gov. Pat Quinn said he won't consider any legislation with special tax incentives to get Archer Daniels Midland Company to keep its global headquarters in Illinois until legislators approve a fix for the state's nearly $100 billion pension crisis.
The Chicago Democrat said if a bill to provide tax breaks to any corporation arrives on his desk before a pension deal, he will veto it. He also said ADM's efforts would be better focused on lobbying lawmakers to address the nation's worst-funded public-employee retirement system when they meet in Springfield later this month.
"The best way to help jobs in Illinois is to do pension reform," Quinn said. "To distract legislators in any way from this issue of a lifetime is just plain wrong."ADM announced last week it planned to move its headquarters â¿¿ and 100 jobs â¿¿ out of Decatur to a location with better global access and that would be more attractive to young industry talent. The agribusiness giant this week asked lawmakers to approve legislation that would provide up to $24 million in tax breaks over 20 years to keep the headquarters in Illinois. The company also plans to add 100 new technology jobs at the new site in the next few years. ADM won't say what locations it's considering, but Chicago officials have said the city is in the running. Speaking to reporters at an unrelated event Friday, Quinn said he didn't think his position would put Illinois at a competitive disadvantage because ADM has said the most of its operations and some 4,400 jobs will remain in Decatur, which also would maintain the title of North American headquarters. Victoria Podesta, chief communication officer for ADM, declined to comment directly on Quinn's remarks, saying only that the company is still looking at "a variety" of locations. She wouldn't say if any Illinois sites still were on the list.
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