Digital Access

Digital Access
Access nwherald.com from all your digital devices and receive breaking news and updates from around the area.

Home Delivery

Home Delivery
Local news, prep sports, Chicago sports, local and regional entertainment, business, home and lifestyle, food, classified and more! News you use every day! Daily, weekend and Sunday packages.

Text Alerts

Text Alerts
Stay connected to us wherever you are! Get breaking news updates along with other area information sent to you as a text message to your wireless device.

Email Newsletters

Email Newsletters
We'll deliver news & updates to your inbox. Plan your weekend and catch up on the news with our newsletters.
Local Business

ADM seeks tax breaks of about $20 million

CHICAGO – Archer Daniels Midland Co. has told an Illinois House committee it’s seeking about $20 million in tax credits as it decides whether to keep its global headquarters in the state.

ADM consultant Mike Kasper told lawmakers Tuesday that the agribusiness wants legislation letting it apply for tax credits worth around $1.2 million annually for 20 years.

One legislator asked ADM’s chief financial officer how a comparatively small credit mattered to a multibillion-dollar company. Ray Young said watching “nickels and dimes” has made ADM successful.

The executives added they’re no longer pursuing one proposal that ADM also receive a break on utility taxes.

ADM wants to move its global headquarters out of Decatur in central Illinois. It will keep the bulk of its operations there.

Loading more