Gov. Bruce Rauner signs House Bill 162, which is meant to provide more transparency to the EDGE program.
Gov. Bruce Rauner signs House Bill 162, which is meant to provide more transparency to the EDGE program.
Rep. Patti Bellock (R-Hinsdale) cheered the recent enactment of a measure to extend and amend Illinois' EDGE Tax Credit Program, according to a press release.
"Working together on a bipartisan basis, we are now able to provide incentives that will enable job creators and entrepreneurs to flourish and expand opportunity for families all across Illinois," Bellock said, according to the release. "Growing our economy and creating jobs must continue to be among the State's top priorities."
Gov. Bruce Rauner signed House Bill 162 into law on Monday.
Rep. Patti Bellock (R-Hinsdale)
| Courtesy of repbellock.com
The EDGE program is meant to provide local economic development boosts through job creation, growth and competitiveness. The recent changes are supposed to encourage expansion to underserved areas and lower eligibility thresholds so that more businesses may take part, according to the release.
The changes also include a transparency measure that requires all of the program's agreements to be posted for the public within 10 days of being secured.
The law extends the program until June 30, 2022.
“This legislation is another tool to use in our quest to bring high-quality and good-paying jobs to Illinois," Rauner said, according to the release. "It is crucial for the future success of our state that we make Illinois a more business friendly environment through pro-growth measures."
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