Tuesday, September 20, 2016

Bringing Business Back to Illinois


Illinois continues to have one of the highest unemployment rates in the country due to decades of over taxation of our small business community.  Although the recession has ended, many of our most disadvantaged communities are experiencing a lack of economic development and job losses.

To provide our state and local municipalities with additional tools to boost economic development, today I introduced the Bringing Business Back Act (S. 3354), which would provide a one-year income tax exclusion for businesses who purchase vacant commercial or multi-family property where unemployment is 2% higher than the national average.  My bill supports economic investment in disadvantaged communities, creating jobs for the people who need it the most while building a business-friendly environment for new and expanding small businesses.

Supporting small business is the best way to guarantee Illinois jobs and support Illinois families.  I will continue to fight for small businesses to help bring jobs back to Illinois.

Sincerely,

Senator Mark Kirk

1 comment:

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