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Pritzker unveils 5-year economic plan

  • J.B. Pritzker

    J.B. Pritzker

 
BY JERRY NOWICKI
Capitol News Illinois
jnowicki@capitolnewsillinois.com
updated: 10/17/2019 6:36 PM

SPRINGFIELD -- Gov. J.B. Pritzker's Department of Commerce and Economic Opportunity introduced a five-year economic plan this week, focusing on six industries that can boost the state's economy and a variety of programs to build its workforce and encourage population growth.

It's the first such plan since former Democratic Gov. Pat Quinn released his in July 2014.

The governor touted his first seven months in office and emphasized the passage of a $45 billion capital infrastructure plan, legalized recreational marijuana and sports gambling, and the passage of several pro-business reforms.

"For the first time in nearly two decades, we've seen simultaneous strong job growth in every region of the state," Pritzker wrote in the plan's executive summary. "Underlying my vision is the fundamental principle of equity. No matter their ZIP code, every Illinoisan deserves economic opportunity. Where in the past sustainable and inclusive economic development has been elusive, instead I am committed to reinvigorating the most important foundational element of Illinois' economy: our diverse and talented workforce."

The report, which serves as a loose guiding document rather than binding public policy, also listed challenges to overcome, including out-migration.

"Illinois has experienced a mild outbound migration of approximately 0.3 percent on average for the past five years," according to the report. "This trend is driven particularly by migration among young people, minorities, and rural populations."

The Illinois Board of Higher Education reported this year that 48.4% of Illinois public high school graduates who enrolled in a four-year institution in 2017 chose an out-of-state institution.

Pritzker's plan calls for a 50% funding increase for Monetary Award Program grants from 2019 levels by fiscal year 2023. Those grants go to college students that have a financial need and help them attend college in Illinois.

The report added: "New business creation in communities of color and a downstate revitalization effort undertaken since the beginning of 2019 are intended to reverse out-migration in communities that have historically suffered disinvestment."

Other challenges noted in the plan include income inequality along the lines of race and sex, unresponsive bureaucracy, lagging commercialization of research and development, and indistinct industry strength.

It also mentions a "history of fiscal imbalances," calling attention to a 736-day budget impasse under former Republican Gov. Bruce Rauner and claiming the budget passed this year was the first such effort that was "bipartisan and balanced" in years.

It will also be necessary to revitalize downstate communities and increase investment in communities of color, the plan says.

"Our state has a legacy of redlining and decades of commercial and industrial disinvestment in communities of color. We will focus efforts and invest resources in transportation, broadband, small business development, and a range of programs that meet those communities' needs. We will bring down barriers that affect startup businesses and low-income workers, and set targets for diversity in government procurement, oversight, and programming," the plan stated.

The downstate revitalization effort would include local communities, according to the plan.

"We would work closely with towns and cities throughout downstate Illinois to develop comprehensive plans that could include downtown redevelopment; new housing, parks, or shopping centers; transportation and public transit improvements; new or rehabilitated schools or career and technical education centers; and more," the report stated.

There is no timeline for the implementation of any of the proposals in the plan, all of which would require further action from either the governor, the General Assembly or both before taking effect.

 
 
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