- Support Enterprise Zone Extension & Reform
Illinois’ Enterprise Zone program has been deemed one of the most successful economic development tools by the Department of Commerce & Economic Opportunity along with businesses, local officials and economic development officials across the state. Since the program’s inception in 1982, more than 900,000 jobs have been created or retained in addition to $49 billion in capital investment. With zones set to begin expiring in 2013, the Illinois Manufacturers’ Association, Illinois Enterprise Zone Association and Taxpayer’s Federation of Illinois worked on a comprehensive reform and extension package that preserves an important economic development tool while increasing transparency and accountability. Key components include:
- Illinois Enterprise Zone Program Termination Date Extension Legislation
Notice to Members of IEZA
For the second year in a row IEZA legislation under consideration by the Illinois 96th and 97th General Assemblies has reached the end of the normal legislative cycle without final consideration by the Illinois House of Representatives. Just as happened in 2010 (SB3659 – 20 year extension, became the Illiana Expressway Act) and has now happened in 2011, the IEZA sponsored bill (formerly SB1633) was shelled and became a measure to accomplish deferred borrowing for the State’s financial woes. Bills both years passed unanimously from the Senate side over to the House where they failed to be released from committee.
- ILLINOIS ENTERPRISE ZONE ASSOCIATION SUPPORTS SB-1633 & HB-1442
9, April, 2011 - URGENT TO MEMBERS OF THE ILLINOIS GENERAL ASSEMBLY
(This document may be downloaded for printing at the bottom of this article.)
The Illinois Enterprise Zone Association (IEZA) supports passage of Senate Bill-1633 or House Bill-1442 which seek to extend the term of the Illinois Enterprise Zone Program for an additional twenty (20) years. The Illinois Enterprise Zone Program is a proven economic development partnership between the State of Illinois and local units of government and has a documented history of making the difference for projects seeking to locate in Illinois. The incentives allowed under the Enterprise Zone Program have enabled both existing companies and new ventures alike to make decisions regarding job creation, job retention and capital investment resulting in a stronger Illinois economy.
- IEZA Supports HB-6900: Urgent
URGENT TO MEMBERS OF THE ILLINOIS GENERAL ASSEMBLY
(find pdf of this story at the bottom of this article)
The Illinois Enterprise Zone Association (IEZA) supports passage of House Bill-6900 which seeks to extend the term of the Illinois Enterprise Zone Program for an additional twenty (20) years. The Illinois Enterprise Zone Program is a proven ...
- Vote NO on Senate BILL 43 (update!)
PRESERVE VITAL ECONOMIC DEVELOPMENT TOOLS
SB 43 will deal a devastating blow to the effectiveness of the Enterprise Zone Program. The legislation requires payment of prevailing wage rates for labor on all construction projects that take place within the boundaries of Enterprise Zones and even when public funds are not utilized in the construction project.
- IEZA Opposes HB-063 and SB-043
The Illinois Enterprise Zone Association (IEZA) is opposed to House Bill-063 and Senate Bill-043 which seek to expand the scope of Prevailing Wage in Illinois and would have the direct effect of killing the Illinois Enterprise Zone Program. Further, HB-063 and SB-043 have similar impacts on an undetermined number but certainly many of Illinois’ Tax Increment Redevelopment Districts (TIFs).
- IEZA Opposes House Bill 773 – Action Required
ILLINOIS ENTERPRISE ZONE ASSOCIATION OPPOSES HOUSE BILL 773
The Illinois Enterprise Zone Association (IEZA) is opposed to House Bill 773 which seeks to expand the scope of Prevailing Wage in Illinois and would have the direct effect of killing the Illinois Enterprise Zone Program. Further, House Bill 773 has similar impacts on an undetermined number but certainly many of Illinoisâ Tax Increment Redevelopment Districts (TIFs).