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| 1 | AN ACT concerning State government.
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| 2 | Be it enacted by the People of the State of Illinois,
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| 3 | represented in the General Assembly:
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| 4 | Section 1. Short title. This Act may be cited as the | ||||||
| 5 | Illinois Home Grown Business Opportunity Act. | ||||||
| 6 | Section 5. Purpose. The purpose of this Act is to establish | ||||||
| 7 | resources for businesses and municipalities located | ||||||
| 8 | geographically close to bordering states, so that those | ||||||
| 9 | businesses and municipalities can identify existing State | ||||||
| 10 | services and resources to help them be more competitive with | ||||||
| 11 | bordering states. | ||||||
| 12 | Section 10. Definitions. As used in this Act:
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| 13 | "Bordering states" means the states that border the State | ||||||
| 14 | of Illinois, specifically Wisconsin, Iowa, Missouri, Kentucky, | ||||||
| 15 | and Indiana.
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| 16 | "Department" means the Department of Commerce and Economic | ||||||
| 17 | Opportunity.
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| 18 | "Economic development practices" means practices relating | ||||||
| 19 | to job creation, job retention, tax base enhancements, | ||||||
| 20 | development of human capital, workforce productivity, critical | ||||||
| 21 | infrastructure, regional competitiveness, social inclusion, | ||||||
| 22 | standard of living, environmental sustainability, energy | ||||||
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| 1 | independence, quality of life, the effective use of financial | ||||||
| 2 | incentives, the utilization of public-private partnerships | ||||||
| 3 | where appropriate, and other metrics determined by the | ||||||
| 4 | Department.
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| 5 | "Plan" means the economic plan developed by the Department | ||||||
| 6 | to assist businesses and municipalities located geographically | ||||||
| 7 | close to bordering states.
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| 8 | Section 15. Illinois Home Grown Business Opportunities.
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| 9 | (a) The Department of Commerce and Economic Opportunity | ||||||
| 10 | shall develop an economic plan to assist businesses and | ||||||
| 11 | municipalities located geographically close to bordering | ||||||
| 12 | states.
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| 13 | (b) The plan shall take into account relevant economic | ||||||
| 14 | data, including input from local economic development | ||||||
| 15 | officials, and identify and develop specific strategies for | ||||||
| 16 | utilizing the assets of those regions of the State located | ||||||
| 17 | geographically close to bordering states, so that those regions | ||||||
| 18 | may better compete economically with bordering states.
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| 19 | (c) The plan shall include the following:
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| 20 | (1) an assessment of the economic development | ||||||
| 21 | practices of bordering states;
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| 22 | (2) a comparative assessment of the economic | ||||||
| 23 | development practices of this State;
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| 24 | (3) recommendations for best practices with respect to | ||||||
| 25 | economic development, business incentives, business | ||||||
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| 1 | attraction, and business retention for regions in Illinois | ||||||
| 2 | that border at least one other state;
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| 3 | (4) identification of existing State services and | ||||||
| 4 | resources that would assist businesses and municipalities | ||||||
| 5 | in being more economically competitive with bordering | ||||||
| 6 | states; and
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| 7 | (5) any other resource that may assist businesses and | ||||||
| 8 | municipalities located geographically close to bordering | ||||||
| 9 | states that the Department deems necessary and relevant | ||||||
| 10 | under this Act.
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| 11 | (d) The information and resources collected and | ||||||
| 12 | established by the Department under this Act shall be available | ||||||
| 13 | to the public and posted on the Department's Internet website.
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