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.
Sears files for bankruptcy despite decades of Illinois tax breaks
Sears, a long-time beneficiary of Illinois tax credit programs, has filed for Chapter 11 bankruptcy.
One of Illinois’ top tax credit recipients to shutter 1,000-employee HQ
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.
Auto parts company to create 100 new Illinois jobs for $1.2M in tax breaks
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.
Taxpayer-subsidized manufacturer shutters Illinois plant
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.
Small business owners give Illinois an ‘F’ in friendliness
A recent survey found Illinois to be the least accommodating state in the nation for small businesses.
Amazon scouts to visit Chicago for headquarters bid
Amazon’s team will visit 10 proposed sites in Chicago for its second North American headquarters.
Illinois’ sweetheart deals tilt against small businesses
The state has chosen to coddle some big businesses while punishing the small.
Canadian manufacturer to get $1.1M state tax break deal, local property tax breaks
The Brandt Group of Companies inked a deal through Illinois’ state tax credit program and will receive property tax abatements from multiple local governments.
Illinois’ Amazon HQ2 offer up to $2.25B in incentives
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.