Is CME Relocating To Indiana?

By Maureen Mespell

December 6, 2011 Updated Dec 6, 2011 at 7:56 PM EDT

INDIANAPOLIS, Ind. (Indiana's NewsCenter) -- Governor Mitch Daniels is keeping tight lipped about what the State of Indiana is doing to try and lure the Chicago Mercantile Exchange out of Illinois.

An Illinois State House reporter is saying that the Illinois legislature is considering tens of millions of dollars in tax breaks to stave off the departure of the mercantile exchange to the Indianapolis area.

Daniels confirmed that conversations have taken place but he did not want to give any more details.

“We don't want the next company that comes along to worry that we might prematurely disclose conversations with them so we found the best practice if the job is to get more jobs in Indiana which we've had several record years of doing then it just works better to not say too much too soon.”

The move is being contemplated because of a hike of corporate taxes in Illinois.

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