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* I’m posting this press release because I do not ever recall a Republican legislator saying “Illinois is a great place to do business”…
Governor JB Pritzker and the Illinois Department of Commerce and Economic Opportunity (DCEO) today announced the launch of the Blue Collar Jobs Act (BCJA) Tax Credit application for eligible companies. BCJA is a bipartisan legislative package designed to promote economic expansion and growth in Illinois by incentivizing construction projects. The legislation makes $20 million in tax credits available per year for eligible companies. […]
The BCJA amended legislation for Illinois’ premier incentive programs to provide tax credits attributable to the wages paid to construction workers on eligible projects. Eligible companies include those who are located in an Enterprise Zone (EZ) or a River Edge Redevelopment Zone (RERZ), companies designated a High Impact Business (HIB), or companies with an agreement under the Economic Development for a Growing Economy (EDGE) Program. Companies that completed construction projects in 2021 (the effective date of the legislation) or later are eligible to apply for credits. […]
Eligible companies can receive tax credits equal to 75 percent of the income tax attributable to construction workers on eligible projects located in an underserved area, or 50 percent for projects located in other areas. The BCJA is designed to further incentivize major capital investments in communities across Illinois and create good-paying construction jobs. […]
“Illinois is a great place to do business, and the tax credits provided by the Blue Collar Jobs Act will encourage capital investments across Illinois,” said Representative Joe Sosnowski (R-Rockford). “Incentivizing major construction projects while supporting manufacturers will have a long lasting, positive economic impact on Illinois communities.”
…Adding… On-topic update…
Senate Republican Leader John Curran (R-Downers Grove) released the following statement on DCEO’s announcement that the Blue Collar Jobs Act will be coming back online.
“We have consistently requested that the governor implement the long-stalled Blue Collar Jobs Act that was a part of the 2019 Rebuild Illinois bipartisan agreement. Manufacturers and businesses throughout the state can now begin applying for these jobs and development tax credits. This is a step in the right direction for rebuilding our economy and providing more job opportunities to Illinois workers.”
* Senate President Don Harmon…
“This is the result of a bipartisan effort to foster economic development in Illinois. These tax incentives are an excellent way to create good-paying jobs and continue our growth as a business leader in the Midwest.”
posted by Rich Miller
Wednesday, May 17, 23 @ 2:48 pm
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I mean he’s not wrong. Welcome to the dark side Rep. Sosnowski.
Comment by Baloneymous Wednesday, May 17, 23 @ 2:51 pm
Smart and savvy politics, and merely liking your state and seeing the good of Illinois will help come election time too
Comment by Oswego Willy Wednesday, May 17, 23 @ 2:55 pm
All I’ll say is that “anonymous” sure reads like “LP”
That’s all.
Comment by Oswego Willy Wednesday, May 17, 23 @ 3:00 pm
Anonymous,
Check out Chicago and Illinois for Site Selection’s annual business expansion rankings the past 10 years or more. Chicago metro has consistently been #1 or 2 for many years now. Also, our state GDP is over $1 trillion now which puts us at #5 among all states. Not sure what your “44th” economy ranking means. And if by “business friendly” you only mean low or zero taxes, where does Texas or Tennessee rank for other “business friendly” concerns such as a woman’s reproductive rights and LGBTQ rights?
Comment by Baloneymous Wednesday, May 17, 23 @ 3:06 pm
Republicans saying good things about Illinois’ business climate would be antithetical to their doom pushing funders and supporters, who’ve done quite well in this higher income state. But they still resort to lying about exodus, even though the 2020 Census debunked them.
Comment by Grandson of Man Wednesday, May 17, 23 @ 3:08 pm
I would recommend reading many of these top web sites for reliable, comprehensive business news on the strength of the economy in Illinois
https://www.allbusiness.com/best-business-websites
Comment by Lucky Pierre Wednesday, May 17, 23 @ 3:11 pm
===I would recommend===
You do yourself a solid and just leave the state as you are also trying to leverage in your thoughts a Bears bailout, socialism…
I guess you are saying Republicans don’t like Illinois, so this quote is even more striking.
Comment by Oswego Willy Wednesday, May 17, 23 @ 3:21 pm
===I would recommend===
It’s hard to take any recommendations from you since you never have anything nice to say about our great state.
Comment by Baloneymous Wednesday, May 17, 23 @ 3:28 pm
There is always room for improvement
Never acknowledging any deficiencies or areas we aren’t competitive does not help fix them
Comment by Lucky Pierre Wednesday, May 17, 23 @ 3:34 pm
People, stop encouraging Debbie Downer.
Comment by Rich Miller Wednesday, May 17, 23 @ 3:46 pm
==Never acknowledging any deficiencies==
Sorry in advance Rich.
And yet you seem to never acknowledge anything good.
Comment by Demoralized Wednesday, May 17, 23 @ 3:54 pm
=== People, stop encouraging Debbie Downer. ===
A good alternative to don’t feed the trolls.
Comment by Norseman Wednesday, May 17, 23 @ 4:10 pm