(Chicago, IL) — The state’s biggest program to lure companies to Illinois has fallen far short of its job-creation goals, despite handing out millions of dollars in tax breaks. The “Chicago Tribune” reports that the strategy called EDGE has given millions of dollars to 79 companies that later eliminated more than 23-thousand-jobs without being penalized or forced to repay the state. Among the companies that have benefited from the program yet still cut jobs are Mitsubishi, Motorola Mobility and Kraft. Governor Rauner has frozen the program, but ConAgra is in line for similar incentives for relocating its headquarters from Omaha to Chicago.
David Stewart/css IL) STL) MO) NE(
Copyright © 2015
TTWN Media Networks Inc.