Pretty Good for a Bad Deal
Sep 25, 2013
The recent announcement by ADM that they were creating a new world headquarters in another city must have been quite a shock to people in Decatur, Illinois. Anyone living in a community that has lost businesses and jobs knows that feeling. The ripple effect on other businesses, school districts and community morale is significant. I live in a community near Decatur that is still dealing with those kinds of losses. While I could feel their pain a closer look seems to indicate the news isn't all bad for Decatur. While losing 100 jobs, 4400 remain. ADM has announced it will establish a new intermodal transportation facility that could attract new businesses and create more jobs. Also, ADM announced it will maintain its current level of charitable contributions at a minimum level of $ 1 million a year for the next 10 years and $ 500,000 a year for 5 years to Decatur public schools. In addition ADM pledged $ 250,000 a year for 3 years to help economic development efforts. While no town wants to lose jobs, I'm sure a lot of communities around the country that have, wish their bad news was as good as Decatur's.