SPRINGFIELD – Backing his promise to expand electric vehicle production in both the Rockford area and state as a whole, State Senator Steve Stadelman (D-Rockford) championed the Reimagining Electric Vehicles in Illinois Act, which was signed into law Tuesday.
“This growing field indicates room for job growth in the electric vehicle market,” Stadelman said. “Illinois is working to encourage electric vehicle manufacturers and their suppliers to keep and bring their production facilities here. That will lead to good paying jobs in Northern Illinois and across the state.”
The new law creates financial incentives through tax credits for manufacturers of electric vehicles, parts, and power supplies. Businesses that are located in underserved areas or energy transition areas – a region with less than 100,000 residents with retired fossil fuel plants or closed coal mines – will be eligible for increased benefits.
To assist automakers to prepare their workforce for the shift to electric vehicle production, the law also provides tax credit incentives to help with training costs.
SPRINGFIELD – Today, State Senator Steve Stadelman (D-Rockford) led his colleagues in passing the Reimagining Electric Vehicles in Illinois Act, a historic measure to preserve and create jobs in Illinois and incentivize electric vehicle manufacturers to create more jobs in the state.
“This is a massive field that has so much room to grow, and we want to encourage these companies to set up shop in Illinois,” Stadelman said. “Many regions will see this as an economic opportunity that could bring jobs to residents and make a lasting impact on their community.”
The new measure would provide a tax credit for manufacturers of electronic vehicles, parts, and power supplies. Businesses in underserved areas would be eligible for a larger benefit.
Senator Stadelman launches new constituent survey
ROCKFORD – Since joining the General Assembly, Senator Steve Stadelman has sponsored dozens of bills that came to his office by constituents. To continue serving the evolving needs of the people of Rockford and beyond, he launched a new online survey for people to share their input.
“My top priority is making sure people’s voices are heard,” Stadelman said. “I encourage people who want to participate in the political process to fill out the survey and tell me what you would like to see me work on in Springfield.”
Topics cover government accountability, job growth, prioritization of the budget, and infrastructure.
The survey can be found here as well as on senatorstadelman.com on the sidebar. To offer additional feedback, people can contact Stadelman’s office by calling (815) 987-7557.
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ROCKFORD – State Senator Steve Stadelman (D-Rockford) is encouraging local businesses struggling from the pandemic to apply to the latest round of the Back to Business grant program before tomorrow’s deadline.
Overall, the B2B program will provide $250 million in American Rescue Plan dollars for small businesses that have been negatively impacted by the pandemic. Grants will range from $5,000 to $150,000 per business and can be used in a variety of ways to cover costs, such as staff and overhead expenses.
“Following a financially rough year of pandemic-related losses, small businesses need our help,” Stadelman said. “Don’t wait – the deadline to apply for these business-saving grants is around the corner. Apply today.”
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