- Published: Wednesday, December 21, 2016 10:27 AM
SPRINGFIELD — State Sen. Melinda Bush filed legislation today that would continue an economic incentive program for businesses that invest jobs in Illinois.
Since 1999, the Economic Development for a Growing Economy program has issued tax breaks to businesses who bring jobs and investment to Illinois. Once accepted, a company can re-apply for the program annually. The program has offered $1.3 billion in tax credits to create 34,000 jobs in Illinois and retain 46,000 jobs since its creation. Gov. Bruce Rauner has not proposed an extension to the program, which sunsets Dec. 31.
“I represent an area that borders Wisconsin. It’s important for us to have these programs available in order to be competitive,” said Bush, D-Grayslake. “We all need to work together to make sure we’re retaining and attracting businesses.”
The legislation is scheduled to be considered as the 100th Illinois General Assembly convenes next year.