Cabinet for Economic Development
Archer Daniels Midland Company to Bring 200 Jobs to Northern Kentucky
Company recently purchased Kentucky-based WILD Flavors
FRANKFORT, Ky. (Dec. 11, 2014) – Scores of
high-paying jobs are coming to northern Kentucky. Gov. Steve Beshear today
announced that Archer Daniels Midland Company (ADM) plans to establish an IT
center in Erlanger.
ADM, a global agriculture and food ingredient company, is
slated to create 200 local jobs.
am delighted to celebrate ADM’s location of a new IT center in Erlanger,” said
Gov. Beshear. “This investment not only creates 200 high-paying jobs for the
citizens of northern Kentucky, but it also demonstrates the company’s
confidence in Kentucky’s quality workforce and business climate. I look forward
to working with ADM as they continue to grow their presence in the
recently purchased WILD Flavors GmbH, also in Erlanger. ADM plans to place the
IT center inside an unoccupied building on WILD’s campus. The IT center will be
an important hub for the company as ADM’s IT support and infrastructure
continues to grow and its global business expands.
“We considered other locations, but in the end,
co-locating this facility with our WILD Flavors offices in Erlanger offered us
a wealth of advantages,” said Marty Schoenthaler, ADM chief information
officer. “One of the ways in which ADM is making ongoing progress in enhancing
returns is through careful consideration of costs throughout the business. In
this case, we are controlling costs by using available space in a building we
already own, and also benefitting from tax incentives offered by the
commonwealth. We will also be able to recruit from a strong local talent pool
in northern Kentucky, and we will have quick and easy access to a major
airport. This is a great example of the many synergies that we’re realizing
following the WILD acquisition.”
than a century, the people of ADM have transformed crops into
products that serve the vital needs of a growing world. Today, ADM is one of
the world’s largest agricultural processors and food ingredient providers, with
more than 33,000 employees serving customers in more than 140 countries. With a
global value chain that includes more than 470 crop procurement locations, 285
ingredient manufacturing facilities, 40 innovation centers and the world’s
premier crop transportation network, ADM connects the harvest to the home,
making products for food, animal feed, chemical and energy uses.
Flavors is one of the world’s leading suppliers of natural ingredients to the
food and beverage industry. WILD has been in operation northern Kentucky since
1994 and currently employs around 430 people.
ADM to Kenton County,” said Sen. Christian McDaniel, of Taylor Mill. “We’re
thrilled that ADM is building on its investment in WILD Flavors by adding a new
IT Center and high-paying jobs in northern Kentucky.”
decision to establish this facility in Erlanger is a strong indication of our
region’s workforce and technology infrastructure,” said Rep. Adam Koenig, of
Erlanger. “We look forward to working with ADM and supporting its global
operations and continued growth.”
to thank ADM for its decision to establish its new facility in Erlanger,” said
Erlanger Mayor Tom Rouse. “Two hundred new high-paying jobs will help our
community continue to grow and thrive.”
Northern Kentucky Tri-County Economic Development Corporation (Tri-ED) works
hard to attract high tech, successful and growing companies like ADM to our
region,” said Steve Arlinghaus, Kenton County Judge-Executive and chairman of
Northern Kentucky Tri-ED. “The high-paying jobs being created at the IT center
in Erlanger will benefit all three counties and add to the diversity of our
economy in northern Kentucky.”
To encourage the investment and job growth in northern
Kentucky, the Kentucky Economic Development Finance Authority (KEDFA)
preliminarily approved the company for tax incentives up to $5 million through
the Kentucky Business Investment program. The performance-based incentive
allows a company to keep a portion of its investment over the term of the
agreement through corporate income tax credits and wage assessments by meeting
job and investment targets.
KEDFA also approved ADM for tax benefits up to $200,000
through the Kentucky Enterprise Initiative Act, which allows approved companies
to recoup Kentucky sales and use tax on construction costs, building fixtures,
equipment used in research and development and electronic processing equipment.
information on ADM, visit www.adm.com
on Kentucky’s economic development efforts and programs is available at www.ThinkKentucky.com. Fans
of the Cabinet for Economic Development can also join the discussion on Facebook or follow on Twitter. Watch the Cabinet’s
“This is My Kentucky” video on YouTube.
community profile for northern Kentucky can be viewed here.
For more information about Northern Kentucky Tri-ED, visit www.NorthernKentuckyusa.com.
Northern Kentucky Tri-ED can also be followed through social media channels via
Twitter and YouTube.