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Public Act 100-1084


 

Public Act 1084 100TH GENERAL ASSEMBLY

  
  
  

 


 
Public Act 100-1084
 
SB3285 EnrolledLRB100 20567 JWD 35971 b

    AN ACT concerning State government.
 
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
 
    Section 1. Short title. This Act may be cited as the
Illinois Home Grown Business Opportunity Act.
 
    Section 5. Purpose. The purpose of this Act is to establish
resources for businesses and municipalities located
geographically close to bordering states, so that those
businesses and municipalities can identify existing State
services and resources to help them be more competitive with
bordering states.
 
    Section 10. Definitions. As used in this Act:
    "Bordering states" means the states that border the State
of Illinois, specifically Wisconsin, Iowa, Missouri, Kentucky,
and Indiana.
    "Department" means the Department of Commerce and Economic
Opportunity.
    "Economic development practices" means practices relating
to job creation, job retention, tax base enhancements,
development of human capital, workforce productivity, critical
infrastructure, regional competitiveness, social inclusion,
standard of living, environmental sustainability, energy
independence, quality of life, the effective use of financial
incentives, the utilization of public-private partnerships
where appropriate, and other metrics determined by the
Department.
    "Plan" means the economic plan developed by the Department
to assist businesses and municipalities located geographically
close to bordering states.
 
    Section 15. Illinois Home Grown Business Opportunities.
    (a) The Department of Commerce and Economic Opportunity
shall develop an economic plan to assist businesses and
municipalities located geographically close to bordering
states.
    (b) The plan shall take into account relevant economic
data, including input from local economic development
officials, and identify and develop specific strategies for
utilizing the assets of those regions of the State located
geographically close to bordering states, so that those regions
may better compete economically with bordering states.
    (c) The plan shall include the following:
        (1) an assessment of the economic development
    practices of bordering states;
        (2) a comparative assessment of the economic
    development practices of this State;
        (3) recommendations for best practices with respect to
    economic development, business incentives, business
    attraction, and business retention for regions in Illinois
    that border at least one other state;
        (4) identification of existing State services and
    resources that would assist businesses and municipalities
    in being more economically competitive with bordering
    states; and
        (5) any other resource that may assist businesses and
    municipalities located geographically close to bordering
    states that the Department deems necessary and relevant
    under this Act.
    (d) The information and resources collected and
established by the Department under this Act shall be available
to the public and posted on the Department's Internet website.

Effective Date: 1/1/2019