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IL SB3285

Bill

Status

Passed

8/24/2018

Primary Sponsor

Elgie Sims

Click for details

Origin

Senate

100th General Assembly

AI Summary

  • Establishes the Illinois Home Grown Business Opportunity Act to help businesses and municipalities near state borders compete with neighboring states (Wisconsin, Iowa, Missouri, Kentucky, and Indiana).

  • Requires the Department of Commerce and Economic Opportunity to develop an economic plan incorporating data from local development officials and identifying regional assets and competitive strategies.

  • Plan must include assessments of bordering states' economic development practices, comparisons to Illinois practices, and recommendations for business incentives, attraction, and retention.

  • Directs the Department to identify existing state services and resources available to border-region businesses and municipalities to improve competitiveness.

  • Requires the Department to publish all collected information and resources on its website for public access.

Legislative Description

HOME GROWN BUSINESS OPP ACT

Last Action

Public Act . . . . . . . . . 100-1084

8/24/2018

Committee Referrals

Business Incentives for Local Communities5/7/2018
Rules4/26/2018
Commerce and Economic Development2/27/2018
Assignments2/16/2018

Full Bill Text

No bill text available