(20 ILCS 620/2) (from Ch. 67 1/2, par. 1002)
Sec. 2.
Legislative declaration of public purpose.
The General
Assembly hereby finds, determines and declares:
(a) that the loss of job opportunities for the residents of the State is
a serious menace to the health, safety, morals and general welfare of the
people of the entire State;
(b) that a vigorous, growing economy is the basic source of job opportunities;
(c) that protection against the economic burdens associated with the
loss of job opportunities, the consequent spread of economic stagnation and
the resulting harm to the tax base of the State can best be provided by
promoting, attracting, stimulating, retaining and revitalizing industry,
manufacturing, and commerce within the State;
(d) that the continual encouragement, development, growth and expansion
of commercial businesses and industrial and manufacturing facilities within
the State requires a cooperative and continuous partnership between
government and the public sector;
(e) that the State has a responsibility to help create a favorable
climate for new and improved job opportunities for its citizens and to
increase the tax base of the State and its political subdivisions by
encouraging the development by the private sector of new commercial
businesses and industrial and manufacturing facilities and the retention of
existing commercial businesses and industrial and manufacturing facilities
within the State;
(f) that loss of job opportunities within the State has persisted
despite efforts of State and local authorities and private organizations to
attract new commercial businesses and industrial and manufacturing
facilities to the State and to retain existing commercial businesses and
industrial and manufacturing facilities within the State;
(g) that persistent loss of job opportunities in the State may continue
and worsen if the State and its political subdivisions are not able to
provide additional incentives to commercial businesses and industrial and
manufacturing facilities to locate or to remain in the State; and
(h) that the provision of such additional incentives by the State and
its political subdivisions will relieve conditions of unemployment,
maintain existing levels of employment, create new job opportunities,
retain jobs within the State, increase industry and commerce within the
State, thereby creating job opportunities for the residents of the State
and reducing the evils attendant upon unemployment, and increase the tax
base of the State and its political subdivisions.
It is hereby declared to be the policy of the State, in the interest of
promoting the health, safety, morals and general welfare of all the people
of the State, to provide incentives which will create new
job opportunities and retain existing commercial businesses and industrial
and manufacturing facilities within the State and related job
opportunities, and it is further determined
and declared that the relief of conditions of unemployment, the maintenance
of existing levels of employment, the creation of new job opportunities,
the retention of existing commercial businesses and industrial and
manufacturing facilities within the State and related job opportunities,
the increase of industry and
commerce within the State, the reduction of the evils attendant upon
unemployment, and the increase and the maintenance of the tax base of the State and its
political subdivisions are public purposes and for the public safety,
benefit, and welfare of the residents of this State.
(Source: P.A. 86-38.)
|