(30 ILCS 760/5) (from Ch. 48, par. 2705)
Sec. 5.
Creation or loss of jobs.
(a) Before a State agency or a unit of local government grants economic
development incentives to a private entity, the State agency or unit of
local government shall make an advance estimate of the number of jobs to be
retained, created, or lost because of the incentives. If the incentives are
granted, the State agency or unit of local government shall at least
annually compile statistics on the actual number of jobs retained, created,
or lost because of the incentives. The initial estimate and the annual
statistics shall be reported to the Governor and the General Assembly.
(b) When jobs are lost as a result of State or local economic
development incentives, the State shall consider various forms of economic
assistance to the displaced workers.
(Source: P.A. 87-130.)
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