2005 Illinois Code - Chapter 20 Executive Branch 20 ILCS 3965/ Illinois Economic Development Board Act.
(20 ILCS 3965/0.01) (from Ch. 127, par. 3950)
Sec. 0.01.
Short title.
This Act may be cited as the Illinois Economic Development Board Act.
(Source: P.A. 86‑1475.)
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(20 ILCS 3965/1) (from Ch. 127, par. 3951)
Sec. 1.
The General Assembly finds that the Illinois economy, although
diversifying, is shifting to a service‑based economy and is still highly
vulnerable to fluctuations in the national economy. Illinois' long‑term
economic development policy and current efforts to respond to an increasingly
global economy would benefit from formal private sector analysis and input.
An essential first step to assist the Illinois economy in responding to
changing global economic trends is to establish a public and private
consensus on a long‑term economic development strategy that recognizes both
the competitive position and needs of our key businesses and industries and
the need to establish new businesses and industries. A unique partnership
between the private and public sectors can attract new businesses and
encourage greater investment in Illinois.
(Source: P.A. 86‑1430.)
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(20 ILCS 3965/2) (from Ch. 127, par. 3952)
Sec. 2. The Illinois Economic Development Board, referred to in this
Act as the board, is hereby created within the Department of Commerce and
Economic Opportunity. The board is charged with the responsibility
of assisting the Department with creating a long‑term economic development
strategy for the State, designed to spur economic growth, enhance opportunities
for core Illinois industries, encourage new job creation and investment,
that is consistent with the preservation of the State's quality of life and environment.
(Source: P.A. 94‑793, eff. 5‑19‑06.)
(20 ILCS 3965/3) (from Ch. 127, par. 3953)
Sec. 3. The board shall be composed of citizens from both the private
and public sectors who are actively engaged in organizations and businesses
that support economic expansion, industry enhancement and job creation.
The board shall be composed of the following persons:
(a) the Governor or his or her designee;
(b) four members of the General Assembly, one each
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appointed by the President of the Senate, the Speaker of the House of Representatives, and the minority leaders of the Senate and House of Representatives;
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(c) 20 members appointed by the Governor including
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representatives of small business, minority owned companies, women owned companies, manufacturing, economic development professionals, and citizens at large.
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(d) (blank);
(e) (blank);
(f) (blank);
(g) (blank);
(h) (blank);
(i) (blank);
(j) (blank);
(k) (blank);
(l) (blank);
(m) (blank).
The Director of Commerce and Economic Opportunity shall
serve as an ex officio member of the board.
The Governor shall appoint the members of the board specified in subsections
(c) through (m) of this Section, subject to the advice and consent of the
Senate, within 30 days after the effective date
of this Act. The first meeting of the board shall occur within 60 days
after the effective date of this Act.
The Governor shall appoint a chairperson and a vice chairperson of the
board. Members shall serve 2‑year terms. The position of a legislative
member shall become vacant if the member ceases to be a member of the General
Assembly. A vacancy in a board position shall be filled by the original
appointing authority.
The board shall include representation from each of the State's geographic
areas.
The board shall meet quarterly or at the call of the chair and shall create
subcommittees as needed to deal with specific issues and concerns. Members
shall serve without compensation but may be reimbursed for expenses.
(Source: P.A. 94‑793, eff. 5‑19‑06.)
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(20 ILCS 3965/4) (from Ch. 127, par. 3954)
Sec. 4.
The board has the following responsibilities and powers:
(a) to secure and encourage substantial private sector, community and
citizen support in the analysis of economic development opportunities and
development of specific recommendations for economic growth;
(b) to assist the Department's research efforts to identify and analyze
key businesses and industries to determine their potential for expansion,
diversification and production of value‑added goods;
(c) to propose an appropriate State role in new product development,
venture capital formation and research and development;
(d) to evaluate the performance of existing State economic development
efforts for consistency, effectiveness and coordination, as well as for
their effect on job creation, and to evaluate the long‑term benefits to
the State of these efforts;
(e) to propose, along with other State, local and private groups, new
methods to increase public and private partnerships to foster economic
development efforts;
(f) assist the Department's efforts to develop a long‑term economic
development strategy based on consensus goals and principles, an in‑depth
analysis of market opportunities, private sector support and investment,
and specific private and public economic development measures that have a
substantial potential to increase employment;
(g) assist the Department's efforts to study the key components of the
State's business climate as they relate to the long‑term development
strategy including, but not limited to, education and training, energy,
existing environmental conditions, research and development, capital, land,
transportation, advanced communications, taxes and regulations with an analysis
of their linkages to the State's economy;
(h) to review the various economic development policy recommendations made
by other agencies or organizations and recommend to the Governor and
legislature those strategies, policies and programs it deems to be in the
best interest of the State by January 1, 1991, and thereafter by January 1
of each year; and
(i) to make specific recommendations for the establishment of
public‑private cooperative efforts in economic development and State‑local
cooperative efforts, including, but not limited to, the need for
establishing formal working relationships, whether by contract or
otherwise, for purposes of engaging in joint, cooperative economic
development activities.
(Source: P.A. 86‑1430.)
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(20 ILCS 3965/4.5)
Sec. 4.5. Additional duties. In addition to those duties granted under
Section 4, the Illinois Economic Development Board shall:
(1) Establish a Business Investment Location
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Development Committee for the purpose of making recommendations for designated economic development projects. At the request of the Board, the Director of Commerce and Economic Opportunity or his or her designee; the Director of the Governor's Office of Management and Budget, or his or her designee; the Director of Revenue, or his or her designee; the Director of Employment Security, or his or her designee; and an elected official of the affected locality, such as the chair of the county board or the mayor, may serve as members of the Committee to assist with its analysis and deliberations.
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(2) Establish a Business Regulatory Review Committee
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to generate private sector analysis, input, and guidance on methods of regulatory assistance and review. At the determination of the Board, individual small business owners and operators; national, State, and regional organizations representative of small firms; and representatives of existing State or regional councils of business may be designated as members of this Business Regulatory Review Committee.
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(Source: P.A. 94‑793, eff. 5‑19‑06.)
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(20 ILCS 3965/5) (from Ch. 127, par. 3955)
Sec. 5.
The Department's Economic Development and Research staffs will
assist the board in its functions as it deems necessary in order to carry
out its duties and responsibilities.
(Source: P.A. 86‑1430.)
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(20 ILCS 3965/6) (from Ch. 127, par. 3956)
Sec. 6.
This Act shall take effect January 1, 1990.
(Source: P.A. 86‑1430.)
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