Post by Logan on Feb 4, 2016 3:19:39 GMT -6
Rauner creates privately funded economic agency via executive order
CHICAGO — Gov. Bruce Rauner used his executive powers Wednesday to establish a privately run and funded economic development corporation that'll take over a state agency's role in luring new business to Illinois, despite concerns from top Democrats about transparency.
Rauner, a former private equity investor, signed an order pitching the Illinois Business and Economic Development Corporation as a way to make Illinois more competitive for jobs. The nonprofit group will be privately funded, and Rauner estimated donors were prepared to chip in "millions" of dollars.
The state's commerce agency would still have oversight and would have to approve any incentives the corporation offers.
"That entity will recruit superstar leaders from the business community whose job is to sell, market, creatively promote and negotiate incentives for the state of Illinois to bring businesses here," Rauner explained at the signing in Chicago.
www.sj-r.com/news/20160203/rauner-creates-privately-funded-economic-agency-via-executive-order
CHICAGO — Gov. Bruce Rauner used his executive powers Wednesday to establish a privately run and funded economic development corporation that'll take over a state agency's role in luring new business to Illinois, despite concerns from top Democrats about transparency.
Rauner, a former private equity investor, signed an order pitching the Illinois Business and Economic Development Corporation as a way to make Illinois more competitive for jobs. The nonprofit group will be privately funded, and Rauner estimated donors were prepared to chip in "millions" of dollars.
The state's commerce agency would still have oversight and would have to approve any incentives the corporation offers.
"That entity will recruit superstar leaders from the business community whose job is to sell, market, creatively promote and negotiate incentives for the state of Illinois to bring businesses here," Rauner explained at the signing in Chicago.
www.sj-r.com/news/20160203/rauner-creates-privately-funded-economic-agency-via-executive-order