Illinois Jobs Alliance (5/21/13)
Illinois Gaming Bill is Good for Business
SB 1739 means business. Passing a new gaming bill would give Illinois a much-needed economic shot in the arm that will speed up recovery, bring in more than $250 million in annual state revenue and create 20,000 new jobs when they’re needed most.
As the single largest job creation plan in decades, Senate Bill 1739 also provides a platform for economic growth and infrastructure investment, which will attract business to the Land of Lincoln. In addition, it would also make Illinois more competitive with neighboring states that currently siphon away dollars from Illinois residents who frequent Indiana and Wisconsin casinos.
A broad spectrum of business groups are urging legislative leaders and Gov. Pat Quinn to pass SB 1739 before the end of this legislative session. They include: the Chicagoland Chamber of Commerce, the Arlington Heights Chamber of Commerce, the Collinsville Chamber of Commerce, the Danville Area Chamber of Commerce, the Illinois Hotel & Lodging Association, the National Independent Concessionaires Association, the Outdoor Amusement Business Association, the Palatine Chamber of Commerce, the Chicago Southland Chamber of Commerce, the Illinois Association of Agricultural Affairs and the Rockford Chamber of Commerce.
The bill calls for: new casinos in Chicago, Lake County, Rockford, Danville and south suburban Chicago; additional slot machines at existing casinos and the addition of slot machines at the state’s six horse racing tracks and at O’Hare International and Midway airports. It also includes the strong safeguards and oversight measures that Gov. Quinn has requested.
The state’s Commission on Government Forecasting and Accountability (COGFA) recently estimated revenues from licensing fees would bring in $1.2 billion as well as $268 million annually, about half of which is earmarked for education.
The Revenue and Jobs Alliance urges supporters to reach out to their local lawmakers and Gov. Pat Quinn to urge them to pass SB 1739. For more information, visit Illinoisjobsalliance.org.