From AP - News Headlines -

Director of Illinois’ Economic Development Agency Defends Tate and Lyle Move

The head of Illinois' economic development agency is defending the state's role in a plan that will mean a loss of jobs for central Illinois.

Warren Ribley, the director of the Department of Commerce and Economic Opportunity, said it was clear food processor Tate and Lyle was going to move jobs from Decatur. Ribley said the only question was whether or not the firm would relocate in Illinois or another state.

"After hearing all that we rolled up our sleeves and did what we could to make sure jobs stayed in Illinois," Ribley said. "As a result we were able to mitigate the loss of jobs out of Decatur."

Tate and Lyle, a food processor, with its U.S. operations based in Decatur will locate 160 jobs in the Chicago suburb of Hoffman Estates. Illinois gave a mix of tax breaks and job training grants to keep the company in the state.

Ribley said it is common for large companies to want a presence near a major metropolitan area.

"Especially when you're looking at these large global international companies," he said. "Their board takes a different view and they look at different considerations. They don't have the same hometown connection."

Tate and Lyle has been in Decatur for more than 20 years after it purchased the A.E. Staley operation. Staley's ties to Decatur go back more than a century. Founder Augustus Staley started a football team in Decatur that later became the Chicago Bears.

Categories: Economics
Tags: economy