Illinois Chamber of Commerce CEO Doug Whitley and the Illinois Manufacturers' Association's Mark Denzler, from left, testified against House Speaker Michael Madigan's plan to change EDGE tax credits - changes Dept. of Commerce and Economic Opportunity Director Adam Pollet backs.
One of Illinois' main tools for attracting and retaining companies in the state would get a revamp under a plan unveiled yesterday by the Speaker of the Illinois House. It drew immediate criticism from business groups.
More than 700 companies have what are known as EDGE tax credits, given in exchange for keeping, or creating new, jobs.
House Speaker Michael Madigan says his aim in changing it is to "insure that he program is being run in a way that benefits both the recipients and the taxpayers of Illinois."
Thursday's unemployment numbers show Decatur is once again lagging the rest of Illinois. That long-term trend is partly responsible for a new law aimed at changing the way Illinois handles economic development.
In Decatur, 13.2 percent of job-seekers can't find work. State Sen. Andy Manar — a Democrat whose district includes Decatur — says that's part of the reason he thought it was time to blow up the Department of Commerce and Economic Opportunity and start over.