Illinois Speaker of the House Attempts to Extend EDGE Tax Credits to Small Businesses

The Economic Development for a Growing Economy (EDGE) tax credit program provides tax credits and incentives to companies operating in Illinois. EDGE has served as a key bargaining tool that has allowed the legislature to persuade companies to relocate to Illinois, while also making sure that corporations already operating within the state stay put. Critiques […]

Partial Plastic Bag Ban Exempts Mom and Pop Small Businesses

Every year in Chicago over 3 billion plastic bags are used in the city. However, a new law passed by the Chicago City Council at 36-10 votes has resulted in a partial ban on the use of plastic bags by retailers and other local businesses. Luckily, this plastic bag ban does not apply to many […]

New Bill Requires Employers to Set Up Mandatory IRAs for Employees

A new bill has been passed by the Illinois State Senate that requires employers to set up retirement accounts for all of their employees. This bill passed earlier this week imposes significant requirements on business owners throughout the state. It is unclear yet what effects this employer managed retirement account law will have on employer […]

Illinois Laws Favor Large Corporations Over Small Local Businesses

In 2014, Illinois’ economic development initiatives will come under increased scrutiny, and possibly legislative review as well. Last week Speaker of the House Michael Madigan caused a fury in Springfield when he refused to conduct the votes on certain proposed bills that provided tax breaks for two corporations who have threatened to leave Illinois if […]