SPRINGFIELD, Ill. – State Rep. Nathan Reitz, D-Steelville, sponsored legislation which will bring economic development to Illinois by investing in businesses that invest in local jobs and apprenticeships that lead to good-paying practical employment opportunities.
“We need to secure economic opportunities for growing Illinois communities,” Reitz said. “Creating sustainable jobs with fair wages is central to my commitment to building a stronger Illinois. Expanding apprenticeship programs will bring us closer to that goal.”
Reitz helped pass Senate Bill 1591, which creates a new tax credit for taxpayers who employ apprentices in their businesses. There is a $3,500 limit on the credit that is raised to $5,000 in situations where the business or apprentice is in an area with high poverty or unemployment. The bill also extends a tax credit for a wide range of research and development projects including software programs, manufacturing materials and an array of consumer products.
“Our state is facing a shortage of skilled workers,” Reitz said. “We can fix that problem while generating good jobs; the foundation of stable families, steady businesses and a better economy. This bill will support our efforts to build a stronger Illinois and provide hands-on education for a new generation of workers.”