Digital Access

Digital Access
Access saukvalley.com from all your digital devices and receive breaking news and updates from around the area.

Home Delivery

Home Delivery
Local news, prep sports, Chicago sports, local and regional entertainment, business, home and lifestyle, food, classified and more! News you use every day! Daily, Daily including the e-Edition or e-Edition only.

Text Alerts

Text Alerts
Choose your news! Select the text alerts you want to receive: breaking news, prep sports scores, school closings, weather, and more. Text alerts are a free service from SaukValley.com, but text rates may apply.

Email Newsletters

Email Newsletters
We'll deliver news & updates to your inbox. Sign up for free e-newsletters today.
State

Facility takeover could net incentive

SPRINGFIELD (AP) – Some Illinois lawmakers want to offer tax incentives to companies if they agree to take over certain abandoned state facilities.

A measure that was approved in the Senate but has yet to be considered in the House would give private investors an income tax credit in exchange for refurbishing a former state facility.

Incentives would only apply to state facilities that had at least 100 employees and were closed within the past 2 years.

“After suffering numerous state facility closures last year, I felt this measure was necessary to help communities get back on their feet,” said state Sen. Tony Munoz, a Chicago Democrat.

Supporters say the measure would also help keep vacant facilities from turning into crumbling eyesores.

“This is a wonderful opportunity for us to be a good neighbor with our communities,” said state Sen. Sam McCann, a Carlinville Republican.

State Sen. Gary Forby, whose district includes the recently closed Tamms prison, said the measure could help businesses and communities.

“We need to do something to put people back to work,” Forby said.

___

Information from: The Pantagraph, http://www.pantagraph.com

Loading more