State Report Names School District U-46 a Bright Spot of Future Investment

  • September 22, 2017
  • Terry Gajewski

The non-profit lender and public policy group IFF named School District U-46 a `Bright Spot for Future Investment,’ in a report released last week. Findings of the report will be part of a Monday IFF panel discussion in Chicago among state and education advocates and leaders, including Chief Executive Officer Tony Sanders.
Read more

ComEd Recognized as One of the Top 10 Utilities for Economic Development

  • September 19, 2017
  • Carol Gieske

ComEd Recognized as One of the Top 10 Utilities for Economic Development Industry-leading publication recognizes ComEd’s capital investments and job creation in northern Illinois CHICAGO (September 11, 2017) Site Selection magazine has named ComEd to its annual list of Top 10 Utilities in Economic Development for 2017. The magazine cites ComEd’s 17 direct-involvement project “wins” in 2016. It also noted the anticipated $1.6 billion in projected capital investments creating 6,170 jobs across the 400 municipalities and 25 counties ComEd serves in northern Illinois. There were an additional nearly 40,000 new indirect jobs reported by the utility’s regional economic development organization partners as a result of these efforts.
Read more

EDGE tax credit overhaul gets Gov. Rauner’s signature

  • September 18, 2017
  • Carol Gieske

Bipartisan legislation an important tool for job growth in Illinois CHICAGO (Sept. 18, 2017) – Gov. Bruce Rauner today signed legislation (HB162) that overhauls the EDGE Tax Credit Program and provides much-needed transparency and taxpayer protections. “The EDGE Tax Credit Program overhaul is a bipartisan job creation program that is innovative and competitive for businesses,” Gov. Rauner said. “This legislation is another tool to use in our quest to bring high-quality and good-paying jobs to Illinois. It is crucial for the future success of our state that we make Illinois a more business friendly environment through pro-growth measures.” The EDGE tax credit program is a critical local economic development tool that incentivizes job creation, growth and competitiveness in the state. The new law extends the program until June 30, 2022. Among the key components in the EDGE tax credit overhaul is that incentives will encourage companies to expand or move to underserved areas in the state, and eligibility thresholds will be lowered to allow more small businesses to grow in Illinois. The overhaul also implements a Gov. Rauner transparency measure, requiring all EDGE agreements be posted within 10 days of the project being secured in Illinois.
Read more

TAX FAQS 2017: DID MY SCHOOL DISTRICT TAX LEVY GO UP OR DOWN THIS YEAR? August 29, 2017 · by kanecou

  • August 31, 2017
  • Carol Gieske

So, did your school district’s tax levy go up or down this year? For 14 of 15 public school districts in Kane County, the answer is “up.” Elgin School District U46’s levy actually decreased by .23 percent.
Read more