|By Ryan Voyles, Herald & Review, Decatur, Ill.|
|McClatchy-Tribune Information Services|
The longtime Republican state representative from
"This is a crisis that can no longer be ignored by the powers that be in
The plan would give employers in the county a tax deduction for a portion of the costs associated with providing workers compensation insurance. Businesses that employee at least five new employees in the county would also be eligible for an Economic Development for a Growing Economy, or EDGE, tax credit.
The EDGE program provides tax credits to qualifying companies equal to the amount of state income taxes withheld from the salaries of employees in the newly created job.
The plan would provide the incentives for counties with unemployment 2 percent higher than the state's average over the course of a year, though Mitchell said that was an arbitrary number and could be changed.
While local groups such as Grow Decatur are doing their part to help the community, Mitchell does not believe the state gives them enough of an opportunity to grow and fully have a level playing field with larger companies.
"Local people are doing what they can to help," Mitchell said. "If you're the little guy, it's harder to get these tax credits through."
The plan, HB6013, was filed in the statehouse Monday and does not yet have any co-sponsors, nor has it been assigned to any committee. While he is hopeful he can get something passed, Mitchell admitted the legislation was also a conversation starter to address the serious issue of how to improve the economy in areas such as
"At least it's a discussion to address ways to combat chronically high unemployment," he said.
(c)2014 the Herald & Review (Decatur, Ill.)
Visit the Herald & Review (Decatur, Ill.) at www.herald-review.com
Distributed by MCT Information Services
We have detected you are using an adblocker. If you wish to enjoy our content please disable your adblocker and click the button below.