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.
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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.
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Elgin Top in Kane County Jobs

  • March 6, 2017
  • Terry Gajewski

The Illinois Department of Employment Security publishes monthly information on the number of private sector employees working and covered by unemployment insurance by county. What these numbers show is that Elgin once again leads all cities in Kane County in yet another category - private sector employment. Manufacturing, wholesale, administrative support, and health care represent the top four industry categories where more than half of the people in Elgin Are employed
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An important economic development tool for downtown Elgin passed

  • November 30, 2016
  • Terry Gajewski

Legislation sponsored by state Rep. Anna Moeller, D-Elgin, which will assist in downtown economic development in Elgin and create new jobs by extending the state’s River Edge Historic Tax Credit was approved by the House Wednesday.
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