Governor Rauner meets with key economic development allies

Press release from the Illinois Economic Development Association:

CSEDC and SSMMA Deputy Executive Director of Economic Development Reggie Greenwood and board member of the Illinois Economic Development Association (IEDA), along with fellow board members, discussed ways the group can support the Governor’s Jobs and Growth Agenda.

“IEDA members operate on the front lines and understand competition for new development is fierce,” said IEDA Board Chair, Terry Dennison. “Many Governors have targeted Illinois businesses for relocation to their states and the pain from such losses is felt first and hardest in the communities they vacate. Why wouldn’t Illinois companies evaluate out-of-state options,” Dennison observed. “The corporate tax burden in Illinois is among the highest in the nation, workers’ compensation needs reform, schools have not been adequately funded, workforce training programs are under attack, and revenues are shrinking. This climate is not hospitable for business. If Illinois is to effectively compete for new business, grow the tax base, and retain jobs, a favorable business climate is essential.”

IEDA members recognize the administration has the difficult task of developing policy that offers the optimal balance between the State’s short-term need to be fiscally prudent and the long-term necessity to retain and expand the State’s economic base. The group is willing to work with the Governor and his staff within those parameters to effect change in Illinois.

“It’s easy to see Illinois regain its status as an economic engine when listening to the success stories of hardworking Illinois companies, eager job seekers, innovative entrepreneurs, and dedicated job trainers in communities across the state,” said Rauner. “I look forward to working with the dedicated folks at IEDA to bring about structural reforms to reduce costs for job creators and leverage the talent and resources in Illinois that will result in lasting economic growth.”