Companies threatening to leave IL get $30 million

Ben Yount
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Apr 09, 2014 11:58 AM
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Companies threatening to leave IL get $30 million

SPRINGFIELD, Ill. — If a business wants a tax break in Illinois, it should probably threaten to move.

Lawmakers looking into the state’s tax breaks and incentives are asking why Illinois is spending almost eight times more on companies  threatening to leave than those looking to stay.

Wednesday, Illinois’ Department of Economic Opportunity director Adam Pollet said DCEO spent $30 million on EDGE tax credits last year for companies that threatened to leave Illinois without some sort of sweetener.