|Public Act 094-0966
||LRB094 19130 JAM 54654 b
AN ACT concerning business incentives.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
This Act may be cited as the
Business Location Efficiency Incentive Act.
In this Act:
"Location efficient" means a project that maximizes the use
of existing investments in infrastructure, avoids or minimizes
additional government expenditures for new infrastructure, and
has nearby housing affordable to the permanent workforce of the
project or has accessible and affordable mass transit or its
equivalent or some combination of both.
"Location efficiency report" means a report that is
prepared by an applicant for increased State economic
development assistance under Section 10 and follows this Act
and any related Department guidelines, and that describes the
existence of (i) affordable workforce housing or (ii)
accessible and affordable mass transit or its equivalent.
"Employee housing or transportation remediation plan"
means a plan to increase affordable housing or transportation
options, or both, for employees earning up to the median annual
salary of the workforce at the project. The plan may include,
but is not limited to, an employer-financed or assisted housing
program that can be supplemented by State or federal grants,
shuttle services between the place of employment and existing
transit stops or other reasonably accessible places,
facilitation of employee carpooling, or similar services.
"Accessible and affordable mass transit" means access to
transit stops with regular and frequent service within one mile
from the project site and pedestrian access to transit stops.
"Affordable workforce housing" means owner-occupied or
rental housing that costs, based on current census data for the