Wehrli sees more business opportunity with changes to EDGE program
Illinois' EDGE Tax Credit Program is now more transparent and available to more businesses thanks to the recent enactment of House Bill 162, co-sponsor Rep. Grant Wehrli (R-Naperville) said in a press release.
"This is about bringing good jobs to our communities,” Wehrli said. “To compete with our neighboring states we absolutely must make Illinois a more attractive place to do business and renewing EDGE will help us do that."
The program, which has now been extended until mid-2022, was amended to require that all EDGE agreements be posted no later than 10 days after a project is secured. Making the program more inclusive, eligibility thresholds are now lower, allowing small businesses to take part, and companies are encouraged to invest in underserved areas of Illinois.
“This legislation is another tool to use in our quest to bring high-quality and good-paying jobs to Illinois,” Gov. Bruce Rauner said in a statement. “It is crucial for the future success of our state that we make Illinois a more business friendly environment through pro-growth measures.”