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IL SB3285
Bill
AI Summary
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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).
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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.
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Plan must include assessments of bordering states' economic development practices, comparisons to Illinois practices, and recommendations for business incentives, attraction, and retention.
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Directs the Department to identify existing state services and resources available to border-region businesses and municipalities to improve competitiveness.
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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