TITLE 14: COMMERCE
|
AUTHORITY: Implementing and authorized by [20 ILCS 605/605-456] and Section 605-55 of the Civil Administrative Code of Illinois (Department of Commerce and Economic Opportunity Law) [20 ILCS 605].
SOURCE: Adopted at 49 Ill. Reg. 724, effective January 3, 2025.
Section 530.10 Purpose
The Department shall conduct a survey and report on business incentives. These rules implement Section 605-456 of the Department of Commerce and Economic Opportunity Law [20 ILCS 605/605-456].
Section 530.20 Definitions
The following definitions are applicable to this Part.
"Business" means a firm that is engaged in interstate or intrastate commerce for the purpose of manufacturing, processing, assembling, warehousing, or distributing products, conducting research and development, providing tourism services, or providing services in interstate commerce, office industries, or agricultural processing, but excluding retail, retail food, health, or professional services. [20 ILCS 605/605-456(c)]
"Department" means the Department of Commerce and Economic Opportunity.
Section 530.30 Survey
The Department shall identify and contact businesses that are located in the State or have been identified as having left the State. Participation is voluntary. The Department shall request that the business complete a survey, that includes information regarding:
a) why the business left, if applicable, and the location to which the business relocated; and
b) any incentives that are needed to keep and attract the business. [20 ILCS 605/605-456(a)]
Section 530.40 Report
The Department shall compile the results of the surveys and any other relevant information provided to the Department. By each July 1, the Department shall report to the General Assembly upon its compilation of the previous year's survey responses and any of the other relevant information. The report will include:
a) the most common responses, categorized by industry and region, regarding why businesses left Illinois;
b) what incentives would have influenced businesses to remain in Illinois; and
c) to which cities and states the businesses have relocated. [20 ILCS 605/605-456(b)]
d) Any other information the Department deems relevant.