Illinois’ film tax credit program is theatrically bad

By Austin Berg

08/02/2019

Illinois’ film tax credit program is a slap in the face to the state’s small business community outside the spotlight, does little to grow good jobs and is rife with corruption.

TAGS: Cinespace, film subsidies, JB Pritzker, small business, tax credits, taxes

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