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

Haribo to create 55 new jobs in Rosemont for $1.67M in EDGE tax breaks

By Brendan Bakala

10/16/2017

Under its agreement with the state of Illinois, the candy company Haribo of America will bring 25 new jobs to its Rosemont headquarters by October 2018, followed by another 30 by October 2021.

TAGS: EDGE: Economic Development for a Growing Economy, jobs, Rosemont

Rauner signs bill reinstating business tax credit program

By Brendan Bakala

09/18/2017

A controversial but politically popular tax credit program will be extended until June 2022 under a bill signed by Gov. Bruce Rauner.

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

Rahm courting Amazon for move to Chicago

By Brendan Bakala

09/07/2017

Chicago Mayor Rahm Emanuel reportedly spoke with Amazon CEO Jeff Bezos to lure Amazon’s second headquarters to Chicago.

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

Illinois Senate votes to revive EDGE business tax credit program

By Brendan Bakala

08/14/2017

House Bill 162 would bring back Illinois’ Economic Development for a Growing Economy tax credit program.

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

Amazon to open another Illinois location, creating up to 800 new jobs

By Robert Brutvan

07/18/2017

Amazon announced plans to open another Illinois shipping facility in Crest Hill, Ill., which is expected to create up to 800 jobs.

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

Akuna Capital signed tax break deal with state of Illinois estimated to be worth $4.5M

By Brendan Bakala

05/23/2017

In 2015, Chicago-headquartered Akuna Capital LLC signed a deal with the state of Illinois that state officials estimated to be worth $4.5 million. As part of the agreement, Akuna agreed to hire 10 new employees. The agreement states the new hires specialized in trading and software.

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