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Old Posted Oct 1, 2013, 2:38 PM
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St. Louis Eyes Rival Chicago Over ADM Decision

St. Louis Eyes Rival Chicago Over ADM Decision
ST. LOUIS September 30, 2013 (AP)
ABC.com News

By JIM SUHR AP Business Writer



At opposite ends of Illinois, St. Louis and Chicago have famously parried for more than a century: St. Louis snatched the 1904 Olympics even after Chicago had been named the host city, and the disdain between St. Louis Cardinals and Chicago Cubs fans fuels one of baseball's biggest rivalries.

Now the competitors are facing off on a new field of play in trying to woo the new global headquarters of Archer Daniels Midland Co., an agricultural giant that has been based for decades in the central Illinois city of Decatur, roughly halfway between the two cities. The multibillion-dollar company announced last week it needed better access to its global customers, including an international airport.

But it isn't just about the 200 executive and information technology jobs that are part of the deal. It's also about prestige and bragging rights — and no doubt tax revenue from the high-paying boardroom jobs— that come with landing a company that's among the world's biggest players in agricultural processing, ranked No. 27 on the Fortune 500 list.

Houston, Minneapolis and Indianapolis also have been mentioned as contenders, though ADM is staying mum about its selection process. Chicago has been floated as a favorite by experts, largely because it's home to the nation's second busiest international airport and behemoth businesses including McDonald's, Sears and aircraft-maker Boeing Co.

But that hasn't discouraged its old rival some 300 miles away, which is promoting itself as an agribusiness mecca that already includes the seed giant Monsanto Co.

"We've gotta have our swagger," said Katy Jamboretz, who works for the St. Louis region's economic development agency. "This would be a huge victory if we were to land a company of that stature."

If St. Louis has a sporting chance, some submit fan loyalty could play some role: Decatur is downstate Illinois, where at least as many baseball fans root for the Cardinals as the Cubs, maybe including some top ADM executives.

"Check their closet for red ball caps," said Charlie Leonard, a lifelong Cardinal fan who teaches politics and public administration at Southern Illinois University.

But he acknowledged the Windy City has "a deeper bench" of selling points.

"I don't know what kind of odds I'd give, but Chicago would be the favorite," he said. "St. Louis is mentioned so that it doesn't look like it's rigged for Chicago. But St. Louis should be flattered by the attention and use it to get others to give it a look."

ADM, which turns corn, soybeans and other crops into everything from animal feed to ethanol, has said it will keep its North American headquarters in Decatur, along with about 4,400 jobs — roughly one-sixth of its 30,000 employees worldwide.

Neither Chicago nor St. Louis is saying much about incentives they may offer, but an Illinois legislator proposes giving the company a 10 percent break on utility taxes for up to 30 years and an income-tax credit if it remains in Illinois. It remains to be seen whether ADM's decision may be swayed by Illinois' dismal fiscal outlook — it's nearly $100 billion behind in funding its pension liability and recently hiked the corporate tax rate by 30 percent, prompting some companies to threaten to leave Illinois.

Read the full two page article here and here.


Photo from Washington Post article.
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Old Posted Oct 1, 2013, 5:25 PM
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We aren't really rivals, more like old neighbors that still screw with each other once in a while. One just happens to live in a larger house.
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Old Posted Oct 1, 2013, 7:34 PM
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We aren't really rivals
i think the author was trying to be clever and tie the cubs-cards baseball rivalry into somehow having a single flying fuck to do with where a global agri-business conglomerate like ADM decides to HQ itself.

silly, yes, but it catches john q. public's attention.
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Old Posted Oct 1, 2013, 10:22 PM
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^I agree, but it was a still fun read.
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Old Posted Oct 1, 2013, 10:26 PM
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National Agriculture Groups Urge ADM to Move to St. Louis
Michael Calhoun (@michaelcalhoun, mrcalhoun@cbs.com)
September 30, 2013 8:36 AM



ST. LOUIS (KMOX) - Corn and soybeans are among the biggest businesses for Archer Daniels Midland Co. and the organizations that represent farmers of both are urging ADM to move its headquarters to St. Louis.

A week ago, the company announced its global headquarters is leaving Decatur, Illinois. Reportedly under consideration for the new home are Chicago, St. Louis, and Minneapolis.

Rick Tolman, CEO of the National Corn Growers Association, says St. Louis has the best features of both a large and small city.

“One of the advantages we find here is when international guests come to visit us it’s pretty easy to take them over the river so they can see the locks and dams, can see Lock and Dam 26, we can take them to see a grain elevator, we can take them out to see farms pretty close,” tolman explained. “It’s a little more difficult in a city like Chicago or New York to have access to those kinds of things.”

Steven Censky, CEO of the American Soybean Association, says that ADM would find a ready-made pool of employees thanks to Monsanto and other agricultural companies in the area.

“We also are really at the center of the innovation that’s going on here in biotechnology and biology,” he said. “St. Louis really is the center of the Bio-Belt.”

Both associations are based in the St. Louis area.

In addition to Monsanto, Bunge, Solae, Nestlé Purina, Washington University and the Danforth Plant Science Center, Tolman said “I’m suspecting that ADM is not aware of the second-level and third-level of agri-industry companies that are located here in the St. Louis region.”

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Old Posted Oct 2, 2013, 2:45 PM
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Oct 2, 2013, 7:09am CDT UPDATED: Oct 2, 2013, 7:24am CDT
ADM "blackmailing" Illinois?
Staff
St. Louis Business Journal

Archer Daniels Midland's request for a tax credit worth almost $20 million to keep its company's corporate headquarters in Illinois received a frosty reception from state lawmakers.

State Rep. Barbara Flynn Currie, D-Chicago, said ADM "is essentially blackmailing the state" in its request for special treatment, the Chicago Sun Times reports. Rep. David McSweeney, R-Cary, said he was opposed to further tax incentives for individual companies.

The House Revenue & Finance Committee heard testimony on the ADM measure Tuesday but did not vote.

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Old Posted Oct 5, 2013, 12:12 AM
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Monsanto, Danforth Center Urge ADM to Choose St. Louis
October 4, 2013 2:41 PM



ST. LOUIS (KMOX) - Archer Daniels Midland Co. is looking for a new global headquarters as fellow agri-business giant Monsanto Co. is adding almost 700 high-paying research jobs in St. Louis County. Might one company have some advice for the other?

“We’re certainly very proud of this region and we’re glad to speak for it,” Derek Rapp, Mergers and Acquisitions Lead at Monsanto, tells KMOX News, adding that his biotech company is expanding here because of the talented workforce and passion for life sciences.

St. Louis is said to be among the cities under consideration when ADM moves its headquarters out of Decatur, Illinois. Illinois officials are working to keep the corporate giant in their state by offering incentives for it to move to Chicago but Governor Pat Quinn said Friday he will not support the company’s request for $24-million worth of incentives.

The lack of commercial flights at Decatur’s airport is a big reason for ADM’s move, according to their CEO. Rapp says he can get where he needs to go with the flights at Lambert and notes that getting to the airport itself is much faster than in some other cities.

“I can get where I need to get with ease. I travel a good deal and it’s fine,” he said.

[SNIP]

“The fact that we can have, in this region, highly educated, committed, professional experienced people from all walks of life, from different parts of the country who relocated here, is a reason why a company like Monsanto can succeed, has succeeded, and should succeed in the future and why a company like ADM would do well to be here,” Rapp said.

[SNIP]

“We’ve recruited scientists here from around the world and they don’t hesitate to come here. We’ve recruited companies to go to our resource park from places like Delhi, India and Israel and China,” Fiorello explained.

Fiorello says Archer Daniels Midland would be closer to its suppliers and its customers if its global headquarters was in St. Louis and says ADM’s presence would cement St. Louis as a center of global excellence in agri-science.

If regional leaders put together a team of local bio-tech companies, organizations, and incubators to try to sell ADM on a St. Louis move, Fiorello said the Danforth Research Center would be on-board.

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Old Posted Oct 5, 2013, 12:18 AM
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ADM's Board of Directors has three definite St. Louis connections out of the 11 Board members.


Patrick J. Moore- A native-Chicagoan who lives in St. Louis. From 2002 until 2011, Moore was chairman and chief executive officer of suburban Creve Coeur, Missouri-based Smurfit-Stone Container Corporation (formerly Jefferson Smurfit Corporation), a producer of containerboard and corrugated packaging and one of the world’s largest paper recyclers. Moore serves on the North American Review Board of American Air Liquide Holdings, Inc. and on the boards of the Metropolitan YMCA of St. Louis, St. Louis-based Boys Hope/Girls Hope, St. Louis Zoological Society and the Big Shoulders Fund.


Kelvin L. Westbrook - Westbrook serves as a director of Camden Property Trust, Commerce Bank (St. Louis) N.A., Stifel Financial Corp.(St. Louis), the National Cable Satellite Corporation (C-SPAN), BJC HealthCare (St. Louis), St. Louis Children’s Hospital, the St. Louis Internship Program and The Municipal Theatre Association of St. Louis (The Muny). He also serves on the Washington University School of Medicine National Council and the Business Program Advisory Council of Harris-Stowe State University (St. Louis).

He received a bachelor’s degree in business administration from the University of Washington in 1977 and a doctoral degree from Harvard Law School in 1982. He was also a founder of St. Louis-based Millennium Digital Media, which became Broadstripe - now based in Dallas.


Terrell K. Crews - Crews served as CEO of St. Louis-based Monsanto vegetable division from August 2008 until his retirement. He served as Executive Vice President, Chief Financial Officer and Vegetable Business CEO for Monsanto Company, from 2007 to 2009, and Executive Vice President and Chief Financial Officer from 2000 to 2007.
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Last edited by Arch City; Oct 6, 2013 at 2:51 PM.
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Old Posted Oct 5, 2013, 5:51 AM
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ADM should move to Minneapolis, then they can keep an eye on their competition.... Cargill!
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Old Posted Oct 6, 2013, 5:22 AM
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The biggest advantage Minneapolis has is probably that it already has cluster of food processing companies, not just Cargill but also General Mills, CHS, Land o' Lakes and dozens of smaller companies. It would probably make it easier to poach talent and give them better networking within the industry. Minnesota probably won't be giving out any incentives (bribes) though.
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Old Posted Oct 6, 2013, 6:24 AM
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Chef: You're right! And I'm not the biggest fan of Pat Quinn, but I think he made the right call! I lived in Chicago for 14 years 'till about 9 years ago, and now I'm in Calgary, Alberta. But have family in Minneapolis, so I'm back there a lot! Just my 3 cents worth.
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Old Posted Oct 7, 2013, 2:25 AM
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ADM should move to Minneapolis, then they can keep an eye on their competition.... Cargill!
By that logic they might want to move to Omaha to keep an eye on ConAgra .
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Old Posted Oct 7, 2013, 3:25 AM
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If ADM goes to Chicago it will probably be because of O'Hare Airport. If the railroads were part of Chicago's growth historically, the airport is perhaps one of the biggest reasons Chicago is a big global center. Executives will enjoy easy access and very frequent non-stop service to any business center in the world.
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Old Posted Dec 18, 2013, 5:25 PM
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well, chicago won this round on the business stage.

my guess is that st. louis will win the next round on the baseball field.

because, you know, those two things are so tightly intertwined.
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Old Posted Dec 20, 2013, 1:37 AM
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^Yeah, so is ADM moving to "Chicago" or suburban Naperville?



Anyway.....congrats. I'm glad ADM is staying in the Midwest.

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Old Posted Dec 20, 2013, 6:39 AM
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^ word on the street is that they're looking to move into an as yet unnamed building in downtown, likely just a floor or two.
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Old Posted Dec 30, 2013, 2:39 AM
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Chicago won the corporate HQ's competition. The ADM tech center could possibly move to St. Louis, it's not a very far move at all. I would've thought Minneapolis could've won the entire prize being that over a dozen other food industry headquarters are located there, plus a major international airport. If St. Louis gets the tech center, more jobs will follow. Keep your fingers crossed St. Louis, you deserve it! St. Louis is a great city.
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Old Posted Feb 27, 2014, 2:43 PM
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^Yeah, so is ADM moving to "Chicago" or suburban Naperville?
ADM has signed a lease for the 46th & 47th floors of 77 W. Wacker for their new coroprate HQ. that's pretty much the antithesis of naperville.


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