SPRINGFIELD, Ill. – Standing with Illinois workers that have seen their jobs shipped overseas or out of state, state Rep. Larry Walsh, Jr., D-Joliet, is backing legislation that requires companies that ship out Illinois jobs to repay state funds they received to incentivize job growth.
“Illinois workers and jobs need to be prioritized over corporate profits,” Walsh said. “It’s unacceptable that companies have received tax credits to incentivize job creation, and then proceeded to send the jobs out-of-state. They must be held accountable.”
Walsh is backing House Bill 3538, also known as the Keep Illinois Business Act, which disqualifies any business that has moved all or part of its operations out of state from qualifying for economic development assistance. The legislation would also require these businesses to pay back the monetary assistance previously received from taxpayers if they move jobs out of the state. Businesses will have the opportunity to challenge the revocation if they feel it is unjust or improper.
“With many working families struggling, we need to invest in companies that are willing to invest in Illinois and are committed to creating jobs in our communities,” Walsh said. “I encourage my colleagues on both sides of the aisle to stand with Illinois’ workers and support this proposal.