Press release from the Illinois Economic Development Association:
In a meeting with leaders representing the business and economic development community throughout Illinois, Governor Bruce Rauner emphasized his commitment to improving the Illinois economy. “My top priority is making Illinois a more competitive and compassionate state, and that effort must be closely coordinated with the work taking place in local economic development offices,” said the Governor. “It’s easier to address the challenges facing Illinois when leaders at all levels are working toward the same goals.”
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.”
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