Senator Sullivan today expressed support for a recently announced Senate initiative to renew and improve Enterprise Zones. Enterprise Zones are one of the state's most successful economic development tools, responsible for creating 890,000 jobs and almost $50 billion in private investment since their inception 30 years ago. Five Enterprise Zones exist in Western Illinois. Beginning next year, these zones are set to expire unless state officials act. A special new Senate committee has been created to hear testimony in statewide hearings on how to continue and improve Enterprise Zones.
“As we discuss ways to jumpstart our economy and spur job creation, why not turn to an economic development tool with a proven record of effectiveness?” Sen. Sullivan said. “I look forward to hearing from business and community leaders, in my district and around the state, about what works and doesn’t work and how we can make Enterprise Zones even better.”
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