(30 ILCS 750/9-4.5)
Community economic development project.
(a) The Department shall establish a comprehensive community economic
development project. The project shall provide technical assistance to 5
communities for the following purposes:
(1) To develop a comprehensive understanding of the
(2) To plan for industrial retention and development.
(3) To establish an early warning network to warn of
potential business closings.
(4) To provide on-going technical assistance in areas
including, but not limited to, succession planning; acquisition of companies by local entrepreneurs, with special encouragement for minorities, women, and groups of employees; job training; and technology improvement.
(b) The Department shall select the communities that participate in the
project through a competitive process open to all communities in Illinois. For
purposes of this Section, "community" includes municipalities, other units of
local government, and neighborhoods and regions within municipalities or other
units of local government. Community direction of the project and the capacity
of the community to fulfill project goals established by the Department shall
be prerequisites for participation. The Department shall issue rules
establishing the competitive process.
(Source: P.A. 88-191; 88-670, eff. 12-2-94.)