The Chicagoland Chamber of Commerce released the following statement applauding the passage of HB 5005, which includes key initiatives to help bolster Illinois’ economy through investments in high-growth industries.

“Last year was a banner year for economic development in Illinois, and this legislation will allow us to build on that positive momentum and lay the groundwork for Illinois to continue to attract new jobs and economic growth for years to come. The Chicagoland Chamber has long advocated for the trailblazing initiatives included in this legislation, including creating quantum research and development and quantum computing campus incentives, extending the Research & Development Tax Credit an additional five years, strengthening the Reimagining Energy and Vehicles in Illinois Act (REV Act), and enhancing the Film Tax Credit. These incentives will give Illinois a competitive edge in attracting investments in high-growth industries of the future. We applaud Governor Pritzker and DCEO for recognizing the importance of these policies and initiating this legislation that is so important to Illinois’ business community, and we appreciate our partners in the House and Senate for supporting this measure.”