TC-5-28-13Senator Tom Cullerton issued the following statement after the Senate’s approval of HB1544. Cullerton was chief co-sponsor of this legislation, which seeks to revamp and better focus the state’s economic development efforts.

“Illinois is home to some of the most successful businesses in the world. But the state’s economic development efforts are stale. This plan is a much-needed revamping of the state’s strategy and will, for the first time, give real-life employers an actual say in developing policies to improve job creation and target communities that have struggled for too long.”

HB 1544 will help Illinois with creating and retaining jobs, attracting businesses and reducing unemployment by requiring the Department of Commerce and Economic Opportunity to develop a new strategic economic development plan. As part of this effort, the DCEO will consult with business and local economic development organizations to develop an annual economic development plan to submit to the governor and the General Assembly.