Archer Daniels Midland announced plans to move its longtime global headquarters from Decatur, Ill. to a destination with easier access to the rest of the world--and the Twin Cities reportedly made the cut on the short list of potential sites.
Crain's Chicago reported that Chicago is the front-runner, with Minneapolis and St. Louis also under consideration.
The Associated Press reports that officials in Chicago confirm that they’re in the running and talking to ADM, which is No. 27 on the Fortune 500.
The Star Tribune says Michael Langley, president of Greater MSP, would neither confirm nor deny that officials in the Twin Cities had been given the opportunity to make a pitch. He said the area would be attractive to ADM because of its cluster of food giants, including Cargill and General Mills.
Madeline Koch, spokeswoman for the Minnesota Department of Employment and Economic Development, agreed. She told the Star Tribune that the state's strengths "...would align perfectly with their operational needs, and will absolutely pursue the potential relocation.”
The new headquarters will include a new information-technology center. The move likely will happen in the middle of 2014. Tax breaks or other incentives would likely be part of any deal.
ADM located its headquarters in Decatur in the late 1960s, moving from Minneapolis where the company was founded. ADM has operations in the Upper Midwest, including a flour mill in Minneapolis. Half of the company’s 30,000 workers are deployed overseas.