Blue Collar Jobs Act targets tax credits for construction
The state has created $20 million in tax credits for companies making substantial capital investment in Illinois.
To be eligible for the new Blue Collar Jobs Act, a company must be located in an Enterprise Zone or a River Edge Redevelopment Zone, be designated as a High-Impact Business, or have an agreement under the state EDGE program.
Did you know McHenry County has an enterprise zone? It includes much of Harvard and Woodstock, and the Marengo I-90 interchange, as well as Routes 23 and 14 connecting the cities. You can find an interactive map here.
Click here to learn the tax credit eligibility criteria. Eligible companies can receive tax credits equal to 75 percent of the income tax attributable to construction workers on eligible projects located in an underserved area, or 50 percent for projects located in other areas.
The DCEO will host a one-hour technical assistance webinar regarding the grant at 1 p.m. June 26. You can RSVP by clicking here, and companies seeking more information can email ceo.bcja@illinois.gov. |