(20 ILCS 655/2) (from Ch. 67 1/2, par. 602)
Sec. 2.
The General Assembly finds and declares that the
health, safety and welfare of the people of this State are dependent
upon a healthy economy and vibrant communities; that the continual encouragement,
development, growth and expansion
of the private sector within the State requires a cooperative and continuous
partnership between government and the private sector; and that there are
certain depressed
areas in this State that need the particular attention of government, business,
labor and the citizens of Illinois to
help attract private sector investment into these areas and directly aid
the local community and its residents. Therefore,
it is declared to be the purpose of this Act to explore ways and means of
stimulating business and
industrial growth and retention in depressed areas and stimulating neighborhood
revitalization of depressed areas of the State by means of relaxed government
controls and tax incentives in those areas.
(Source: P.A. 82-1019.)
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