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Illinois Senate Committee Approves Incentives For ADM And Office Max

Illinois State Capitol
Illinois State Capitol

An Illinois Senate committee has approved tax credits worth $24 million for Archer Daniels Midland and $53 million for the newly merged OfficeMax and Office Depot.

The bills now move to the full Senate for approval.

That will likely happen before the end of the week.

Naperville-based OfficeMax is trying to decide whether to stay-put or move to Florida which is where Office Depot is located.

Decatur-based ADM announced in September it plans to move its global headquarters to a city with better international access.

Chicago appears to be in the running.