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| Public Act 100-1084 | ||||
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AN ACT concerning State government.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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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:
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"Bordering states" means the states that border the State | ||||
of Illinois, specifically Wisconsin, Iowa, Missouri, Kentucky, | ||||
and Indiana.
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"Department" means the Department of Commerce and Economic | ||||
Opportunity.
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"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.
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"Plan" means the economic plan developed by the Department | ||
to assist businesses and municipalities located geographically | ||
close to bordering states.
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Section 15. Illinois Home Grown Business Opportunities.
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(a) The Department of Commerce and Economic Opportunity | ||
shall develop an economic plan to assist businesses and | ||
municipalities located geographically close to bordering | ||
states.
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(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.
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(c) The plan shall include the following:
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(1) an assessment of the economic development | ||
practices of bordering states;
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(2) a comparative assessment of the economic | ||
development practices of this State;
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(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;
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(4) identification of existing State services and | ||
resources that would assist businesses and municipalities | ||
in being more economically competitive with bordering | ||
states; and
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(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.
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(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.
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