Company moving headquarters out of state

Published 12/11 2013 04:49PM

Updated 12/11 2013 06:32PM

SPRINGFIELD -- One of the state's biggest corporations is moving its headquarters out of Illinois. It has some worried more could follow suit.

A lot companies have been asking the state for tax breaks as an incentive to stay put, but lawmakers left for the year without handing out any. No one can say for sure, but it's likely a big part of why Office Depot decided to head to Florida.

It has a lot of people wondering if ADM is next. The Decatur-based company is asking for about $25 million in tax breaks to stay. It wanted an answer by the end of the year.

Business leaders say the inaction at the Capitol could be a slippery slope. ADM is looking at Chicago and a few other cities in the country as it prepares to leave Decatur. The company says it should have a decision soon.

Senator Bill Brady (R) is calling for a special session to get incentives for ADM onto the governor's desk before that happens. But, House Speaker Michael Madigan (D) says he'd rather work on improving the overall business climate here instead.

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