Text Size
Login
config

Castro champions bipartisan economic tool to attract new jobs

castro 092017ELGIN- The 22nd Senate District now has a new bipartisan economic development program, thanks to a measure championed by Democratic Senator Cristina Castro of Elgin.

House Bill 162 reinstates the Economic Development for a Growing Economy (EDGE) program, allowing the Department of Commerce and Economic Opportunity (DCEO) to offer tax credits to businesses that invest in Illinois.

“This new bipartisan law will help energize our economy and create good-paying jobs for our residents,” Castro said. “I look forward to continuing my work to increase economic development opportunities and investments in our communities.”

EDGE tax credits are a competitive economic development program that helps Illinois attract and retain jobs. This incentive helps encourage business growth.

‘It’s important that we utilize every tool at our disposal to attract and retain good paying jobs for Illinois residents,” Castro said. 

House Bill 162 requires the Department of Commerce and Economic Opportunity to repossess economic development funds if a business granted the tax credit does not fulfill their part of the contract.

That money would then be distributed to the local workforce investment area.

EDGE credit recipients are also required to submit an annual report to DCEO containing supplier diversity information to help promote diversity in state economic incentives and programs. 

The Illinois Manufacturer Association (IMA) supported passage of this key economic incentive.

“The IMA is pleased that legislators passed a short-term extension of the EDGE tax credit,” Mark Denzler, Vice President & COO of IMA said. “It's an important tool to help attract and retain jobs.”

House Bill 162 passed the Senate and House with bipartisan support and was signed into law this week.

Companies will have more incentive to invest in Illinois under Bush’s new law

bush 052517SPRINGFIELD — Illinois’ most important economic development tool has been reinstated, thanks to a measure from Senator Melinda Bush (D-Grayslake).

House Bill 162 reinstates the Economic Development for a Growing Economy (EDGE) tax credit program, allowing the Department of Commerce and Economic Opportunity to offer incentives to businesses that create new full-time jobs, retain existing jobs and make capital investments in Illinois.

“It's important for us to have every tool available to attract and retain businesses in Illinois and ensure we can offer incentives that allow us to compete with neighboring states,” Bush said. “I represent an area that borders Wisconsin. The EDGE program is essential in helping border communities like mine stay competitive.”

The bill requires the Department of Commerce and Economic Opportunity to recapture the economic development funds if the recipient does not fulfill its end of the bargain. That money would then be disbursed to the local workforce investment area.

House Bill 162 was signed into law today. It extends the EDGE credit program through June 30, 2022.

Holmes' Network Adequacy and Transparency Act signed into law

holmes 021617SPRINGFIELD – A measure sponsored by State Sen. Linda Holmes, D-Aurora, that would protect health insurance plan participants from drastic and disruptive changes to coverage networks was signed into law today.

“With what is happening with health care at the federal level, we in state government must give people some peace of mind,” Holmes said. “This legislation keeps people updated about their insurance networks and provides some stability for consumers during such a turbulent time for health care.”

The legislation will fix narrow health care provider networks by maintaining standards for access to prevent plan participants from traveling long distances for medical care, keeping network directories up to date, notifying patients of network changes and allowing people with serious health needs to stay with their provider.

The Network Adequacy and Transparency Act has earned broad support from both Republicans and Democrats as well as the American Cancer Society, the Illinois Health and Hospital Association, the Illinois State Medical Society and many other health organizations.

“This legislation is needed because people think they are playing by the rules when purchasing health insurance, but are often in for a surprise when they try to go to a doctor,” said Illinois State Medical Society President Thomas M. Anderson, MD. “Patients may have done their homework and checked that their doctor is in-network, only to show up to their appointment and find out the insurance company website was out-of-date and they won’t get the coverage they were promised.”

 The Network Adequacy and Transparency Act, House Bill 311, was signed into law today. It goes into effect January 1, 2018.

 

Mulroe honors fallen Vietnam War Marine

mulroe 031617SPRINGFIELD –Today State Senator John G. Mulroe (D-Chicago) honored Corporal Donald W. Bollman by dedicating the bridge on Illinois Route 19 that crosses the Des Plaines River in his memory. Corporal Bollman, who gave his life during the Vietnam War, was a lifelong resident of Norridge before serving in the Marines.

“It is important for us to remember and honor those who sacrificed their lives for our safety and our freedom,” Mulroe said. “I was privileged to sponsor the resolution to dedicate this bridge across the Des Plaines River to Corporal Donald Bollman. Though he died 50 years ago, his memory and sacrifice will live on with this bridge.”

Corporal Bollman enlisted in the United States Marine Corps in 1965. He served in California as a Marine Guard before beginning a tour in South Vietnam. While serving in South Vietnam, his company came under attack from a North Vietnamese battalion. Corporal Bollman was killed in action on March 1, 1967 at the age of 23. He received a Purple Heart and a Bronze Star with a V for Valor for his service.

“This bridge dedication means so much to our family because it not only honors the loss of our beloved brother Donald, who sacrificed his life for his country, but after all these years we know now he will never be forgotten,” Norman Bollman, brother of Corporal Donald Bollman said. “I know that it will help my brothers and sister to finally have some closure even though he will always be a part of our lives.”

The bridge is located on West Irving Park Road. A sign commemorating Corporal Donald Bollman is now in place at the entrance to the bridge.