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.
A more transparent EDGE Tax Credit Program is just what Illinois needs, Rep. Keith Wheeler (R-Oswego) said recently in applauding the enactment of House Bill 162, according to a press release.
“These incentives makes Illinois significantly more competitive with neighboring states in attracting and retaining good-paying jobs for Illinois families," Wheeler said in the release. "This is the type of bipartisan achievement everyone can be proud of."
The program, which is meant to boost job creation and economic growth through local development, is now guaranteed to last until at least 2022.
Rep. Keith Wheeler (R-Oswego)
“It is crucial for the future success of our state that we make Illinois a more business friendly environment through pro-growth measures,” Rauner said of the new policy, which mandates that all EDGE agreements are made public within 10 business days of an Illinois project being secured, according to the release.
The bill’s primary sponsor, Rep. Mike Zalewski (D-Riverside), shared his gratitude for the measure's passage.
“Reforming and extending the EDGE tax credit is an important step toward growing new jobs in Illinois and I’m grateful Governor Rauner is signing HB162 today,” he said, according to the release. “I look forward to working with the Governor’s office and my colleagues on future efforts to stimulate economic growth for our citizens.”
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