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“In Chicago, we have made significant investments in transit, schools, workforce development and our airport, and we know that we are competitive with any location in the world,” Emanuel said. “We stand ready to work with the state and the company to ensure that ADM stays home and chooses Illinois for its very bright future.”
Madeline Koch, a spokeswoman for the Minnesota Department of Employment and Economic Development said the agency “will engage where appropriate to do whatever we can to bring new investment to the state,” and ADM’s headquarters would be welcome in Minnesota.
“We believe that Minnesota’s industry strengths would align perfectly with their operational needs, and will absolutely pursue the potential relocation,” Koch said.
John W. Daniels founded the Daniels Linseed Company, the forerunner to ADM, in Minneapolis in 1902. George A. Archer, another flaxseed crusher, joined Daniels a year later.
The company quickly expanded to other states and acquired Midland Linseed Products Company in 1923. Not until 1969 were the corporate headquarters moved to Decatur.
Brothers Lowell and Dwayne Andreas, who owned and sold a soybean plant in Mankato that later became part of CHS Inc., purchased blocks of stock in Archer Daniels Midland in the late 1960s. Dwayne Andreas ran the company as chief executive from 1970 until 1999.
Lowell Andreas, who was president of ADM from 1968 to 1972, lived in Mankato until his death in 2009.
Adam Belz • 612-673-4405 Twitter: @adambelz