Senator Michael Hastings urges local businesses to apply for Blue Collar Jobs Act Construction Tax Credits

State Senator Michael E. Hastings (D-Frankfort) urges local, eligible businesses to apply for the Blue Collar Jobs Act (BCJA) Tax Credit.

The program supports large-scale economic development activities by providing corporate income tax credits to companies that make substantial capital investments in Illinois.

“The Blue Collar Jobs Act Tax Credit will generate new jobs and help expand our region’s economy,” Senator Hastings.

“The Southland is a chief cornerstone in our state’s economic growth. This program is another opportunity to boost local businesses in our region and provide them with the support to promote further success.”

BCJA is a bipartisan legislative package designed to promote economic expansion and growth in Illinois by incentivizing construction projects.

The initiative makes $20 million in tax credits available per year for eligible companies.

Eligible companies include those who are located in an Enterprise Zone (EZ) or a River Edge Redevelopment Zone (RERZ), companies designated a High Impact Business (HIB), or companies with an agreement under the Economic Development for a Growing Economy (EDGE) Program. Companies that completed construction projects in 2021 or later are eligible to apply for credits.

Illinois Senator Michael Hastings addressing the Orland Township Democratic Organization Wednesday Oct. 12, 2022

Companies may receive up to 75% income tax withholding credits for construction workers.

For more information about the Blue Collar Jobs Act Tax Credit, click here.

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Ray Hanania is an award-winning opinion columnist, author & former Chicago City Hall reporter (1977-1992). A veteran who served during the Vietnam War and the recipient of four SPJ Peter Lisagor Awards for column writing, Hanania writes weekly opinion columns on mainstream American & Chicagoland topics for the Southwest News-Herald, Des Plaines Valley News, the Regional News, The Reporter Newspapers, and Suburban Chicagoland.

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