IL governor wants to retain jobs; gives tax credits to big companies

“A Chicago Tribune analysis shows IL Governor Pat Quinn has pledged about half a billion dollars in tax credits over the next decade to create 5,709 jobs and retain 22,610 workers through the Economic Development for a Growing Economy program, or EDGE.”

Quinn’s focus has shifted from job creation to job retention since he took office in 2009. From a business standpoint, retaining jobs costs less than creating new jobs. However, “more than half of the money Quinn has pledged through May would aid companies that are not required to create a single job, the Tribune found. And some of those companies are industry giants such as, Nestle, Deere & Co. and Motorola Mobility Holdings Inc.”