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

Illinois families catching crossfire in scholarship fight

By Austin Berg

05/17/2018

Despite that booming demand, there are political efforts afoot to crush the scholarship program.

TAGS: education, Invest in Kids, school choice, tax credits

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

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

Is your family eligible for Illinois’ tax credit scholarships?

By Mindy Ruckman

08/30/2017

The tax credit scholarship program included in the school funding proposal passed by the General Assembly would be the first of its kind in Illinois, and one of the largest of such programs in the nation.

TAGS: education, school choice, tax credits