$230 Million? From Where? For Whom?
- Illinois in 2011 is on pace to provide much more money in financial incentive programs to businesses to retain and add jobs, with the total through early May exceeding $230 million pledged to 27 companies.
That is nearly the amount pledged all of last year by Illinois to keep corporations from leaving the state or to attract businesses to relocate or expand here, the Tribune has learned.
- Last year, the state pledged about $236 million in similar programs to 53 companies; the figure was about $116 million to 47 companies in 2009.
Who's getting the money? No one knows!
- The identities of 21 of the 27 companies receiving a total $53.1 million were not disclosed in a list provided to the Tribune on Tuesday by the state's Department of Commerce and Economic Opportunity.
The company names weren't released because of nondisclosure agreements with the companies, because contracts have not been finalized or because employees had not been told of plans at the companies in question, department spokeswoman Marcelyn Love said in a statement.
But don't worry. Quinn has everyone's best interests at heart.
Labels: state politics