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RESEARCH & COMMENTARY: ILLINOIS REGULATIONS ACTING AS A DE FACTO BAN ON HYDRAULIC FRACTURING

RESEARCH & COMMENTARY: ILLINOIS REGULATIONS ACTING AS A DE FACTO BAN ON HYDRAULIC FRACTURING

Illinois has officially allowed high-volume hydraulic fracturing (also known as “fracking”) since the Hydraulic Fracturing Regulatory Act (HFRA) became law in 2013, but the first permit to be granted by the Office of Oil and Resource Management did not appear until September 2017, when Kansas-based Woolsey Energy received the agency’s blessing to begin operations. Less Read More >>

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Illinois Revives Premier Corporate Tax Incentives

Illinois Revives Premier Corporate Tax Incentives

Gov. Bruce Rauner recently signed a bill reinstating Illinois’ premier corporate tax incentive program and, some argue, could help the state edge out other Midwestern contenders for projects heavy on job creation. Illinois has been without its sometimes-controversial EDGE program—short for Economic Development for a Growing Economy—since May, when the previous version expired. With the Read More >>

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Impact of tax incentives on state’s economy

Impact of tax incentives on state’s economy

A pending, multi-billion dollar Amazon deal, negotiated in secret, is sparking new debate over corporate tax breaks. Now, one lawmaker wants to limit the tax incentives state and local governments can offer. It’s a move she hopes will hold the state more responsible for its spending. It’s one of the most sought-after deals in decades. Read More >>

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Are “secret negotiations” the biggest reason why businesses aren’t picking Illinois?

Are “secret negotiations” the biggest reason why businesses aren’t picking Illinois?

Some lawmakers want state economic development leaders to show all their cards when trying to lure businesses to Illinois. Others say closed door negotiations to attract businesses isn’t necessarily the problem, it’s the state’s business climate. State Rep. Andre Thapedi, D-Ashburn, said during a committee hearing this week that lawmakers are being frozen out of Read More >>

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Local opposition hasn’t stopped proposed wireless antenna law

Local opposition hasn’t stopped proposed wireless antenna law

A proposed state law that would give wireless companies the ability to install small cell antennas on publicly owned utility poles, streetlights and rights of way appears to have momentum in Springfield, despite objections from area officials. On Monday, the mayors of Aurora and Naperville were joined by other municipal and county leaders to publicly Read More >>

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Company Returns Illinois’ First Fracking Permit, Citing ‘Burdensome’ Rules, Commodity Prices

Company Returns Illinois’ First Fracking Permit, Citing ‘Burdensome’ Rules, Commodity Prices

Two months after regulators in Illinois issued the state’s first permit for high-volume hydraulic fracturing (fracking), the Kansas-based company that received the permit has returned it, citing “burdensome, time consuming and costly” regulations, but also commodity prices. Last September, the Illinois Department of Natural Resources’ (DNR) Office of Oil and Gas Resource Management (OOGRM) awarded a Read More >>

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Company Returns Illinois’ First Fracking Permit, Citing ‘Burdensome’ Rules, Commodity Prices

Company Returns Illinois’ First Fracking Permit, Citing ‘Burdensome’ Rules, Commodity Prices

Two months after regulators in Illinois issued the state’s first permit for high-volume hydraulic fracturing (fracking), the Kansas-based company that received the permit has returned it, citing “burdensome, time consuming and costly” regulations, but also commodity prices. Last September, the Illinois Department of Natural Resources’ (DNR) Office of Oil and Gas Resource Management (OOGRM) awarded a Read More >>

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Rauner looks to Washington for the power to change pension benefits

Rauner looks to Washington for the power to change pension benefits

Stymied by a Democrat-controlled General Assembly and still in a contract dispute with the largest state employee union, Republican Gov. Bruce Rauner is looking to Washington for help advancing his agenda to weaken the influence of organized labor in Illinois. He’s lobbying Congress to give states like Illinois the power to change public employee pension Read More >>

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Dan Wagner installed as President-elect of Illinois Realtors

Dan Wagner installed as President-elect of Illinois Realtors

Realtor Dan Wagner has been installed as the 2018 President-elect of Illinois Realtors. Wagner is the senior vice president of government relations for the Oak Brook-based Inland Real Estate Group of Companies, one of the nation’s largest commercial real estate and finance organizations. Click here to read more…

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Oak Brook Chamber plans leadership forum

Oak Brook Chamber plans leadership forum

The Greater Oak Brook Chamber of Commerce is holding its Annual Legislative Leadership Forum from 7:15 to 8:45 a.m. on Oct. 17 This large breakfast event will be presented at the Drury Lane Theater & Conference Center, 100 Drury Lane, Oak Ballroom, Oakbrook Terrace. Click here to read more…

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