Illinois strikes out on Amazon HQ2

By Brad Weisenstein

11/15/2018

Amazon picked two of the 20 remaining cities to split its $5 billion, 50,000-job HQ2, with a third city receiving 5,000 jobs. Illinois struck out on all three.

TAGS: Amazon, EDGE: Economic Development for a Growing Economy, jobs, tax credits

Sears files for bankruptcy despite decades of Illinois tax breaks

By Janelle Cammenga

10/16/2018

Sears, a long-time beneficiary of Illinois tax credit programs, has filed for Chapter 11 bankruptcy.

TAGS: bankruptcy, EDGE: Economic Development for a Growing Economy, pensions, Sears, Sears Centre, tax credits

One of Illinois’ top tax credit recipients to shutter 1,000-employee HQ

By Austin Berg

09/11/2018

Illinois issued more than $60 million in EDGE tax credits to Takeda Pharmaceuticals from 2003 to 2013, more than any other company received over that time.

TAGS: EDGE: Economic Development for a Growing Economy, jobs, tax credits, unemployment

Auto parts company to create 100 new Illinois jobs for $1.2M in tax breaks

By Janelle Cammenga

09/06/2018

Following $3.7 million in EDGE tax credits Illinois awarded the company last year, Flex-N-Gate is set to receive a $1.2 million tax break to boost its Danville workforce.

TAGS: Danville, EDGE: Economic Development for a Growing Economy, tax credits, taxes

Taxpayer-subsidized manufacturer shutters Illinois plant

By Joe Kaiser

08/28/2018

Despite years of taxpayer subsidies, rail car manufacturer Nippon Sharyo has closed its Rochelle plant – pointing to a reality some politicians don’t want to face.

TAGS: EDGE: Economic Development for a Growing Economy, Nippon Sharyo, Ogle County, Rochelle, tax credits

Small business owners give Illinois an ‘F’ in friendliness

By Vincent Caruso

08/20/2018

A recent survey found Illinois to be the least accommodating state in the nation for small businesses.

TAGS: EDGE: Economic Development for a Growing Economy, income tax, progressive income tax, regulations, sales tax, small business, tax credits, taxes

Amazon scouts to visit Chicago for headquarters bid

By Brendan Bakala

03/20/2018

Amazon’s team will visit 10 proposed sites in Chicago for its second North American headquarters.

TAGS: Amazon, Chicago, EDGE: Economic Development for a Growing Economy, Rahm Emanuel, tax credits

Illinois’ sweetheart deals tilt against small businesses

By Vincent Caruso

02/13/2018

The state has chosen to coddle some big businesses while punishing the small.

TAGS: EDGE: Economic Development for a Growing Economy, jobs, small business, taxes

Canadian manufacturer to get $1.1M state tax break deal, local property tax breaks

By Brendan Bakala

12/05/2017

The Brandt Group of Companies inked a deal through Illinois’ state tax credit program and will receive property tax abatements from multiple local governments.

TAGS: Bloomington, EDGE: Economic Development for a Growing Economy, McLean County, property taxes

Illinois’ Amazon HQ2 offer up to $2.25B in incentives

By Brendan Bakala

10/24/2017

The state’s combined incentives package will reportedly include $1.4 billion in EDGE tax credits, $450 million in improvements, $250 million in new education and workforce programs, and more.

TAGS: Amazon, Bruce Rauner, EDGE: Economic Development for a Growing Economy, Rahm Emanuel

Budget Solutions 2020: A 5-year plan to balance Illinois’ budget, pay off debt and cut taxes

Gov. J.B. Pritzker inherited a $2.8 billion budget deficit the moment he stepped into office. Next year, that deficit is projected to be $3.4 billion1. It’s the same story every budget season. But Illinois’ budget crises could be a thing of the past if the state would adopt pension reform, right-size its union contracts and...

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Budget Solutions 2020: A 5-year plan to balance Illinois’ budget, pay off debt and cut taxes

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Tracy Ross

Policy lessons from Illinois’ exodus of people and money

CBS Chicago: Illinois’ highest-paid superintendent receives $400K per year to oversee 1,200 students