WATCH: Policy questions loom as Pritzker announces ag investment, tax credits

WATCH: Policy questions loom as Pritzker announces ag investment, tax credits

Spread the love

(The Center Square) – Gov. J.B. Pritzker says a new fertilizer production facility in Douglas County is a major win for Illinois, but a Southern Illinois Republican says Pritzker has not been a friend to agriculture.

Speaking Tuesday at the Farm Progress Show in Decatur, the governor announced that Cronus Chemicals LLC’s $2 billion investment for the fertilizer plant in Tuscola would create 130 jobs.

Cronus first announced plans to build in Tuscola more than 10 years ago. Pritzker did not say when construction would begin, but officials said the project would take about 3.5 years to complete.

According to Pritzker and the Illinois Department of Commerce and Economic Opportunity, the new facility is expected to produce 950,000 short tons of ammonia annually. The ammonia production will include carbon capture and storage to trap and store carbon dioxide.

“This is a major win for our farmers, for our people, the people of Tuscola and, of course, our entire economy,” Pritzker said.

The governor said Illinois has been a leader in agricultural production for more than two centuries.

“It’s the bedrock of our economy, and farmers are the backbone of our communities,” Pritzker said.

Hardin County Republican Chairwoman Rhonda Belford said the governor has not been a friend to agriculture.

Belford pointed to high property taxes, estate taxes and layers of regulation.

“And the energy policies that have made electric and fuel and all of that more expensive have done nothing but hurt farmers who depend on affordable energy, those types of things,” Belford told The Center Square.

Hardin is one of 33 counties where voters approved nonbinding ballot measures to secede from Illinois.

“If you’re coming down through Southern Illinois, there are signs in many of these rural farmers’ yards or their farms that say, ‘Pritzker sucks.’ That’s how they feel. They feel like they’ve been forgotten,” Belford said.

Cronus’ deal with the state includes Economic Development for a Growing Economy tax credits.

According to the agreement, unless otherwise determined by the DCEO, the annual credit shall be equal to the lesser of: (1) the sum of (a) fifty percent (50%) of the Incremental Income Tax attributable to New Employees and (b) ten percent (10%) of the Training Costs of New Employees; or (2) one hundred percent (100%) of the Incremental Income Tax attributable to New Employees.

The governor said he worked hard to build a competitive incentive package.

“That is why business tax credits matter for our state. That’s why I have promoted them since I became in office, and I’m so proud that we’ve been able to attract great businesses like Cronus,” Pritzker said.

Belford said many people in agriculture and related businesses have left Southern Illinois.

“There have been plenty that have had to leave because we just don’t have the business. We just don’t have the funds, and many are having to pick up and leave,” Belford said.

Belford said many young people have left to find work opportunities elsewhere, but Belford said she has hope because many people have rallied together to fight for positive change in Illinois.

Events

No events

Leave a Comment





Latest News Stories

WATCH: Trick or treat: IL legislators pass tax increase, decoupling bill early Friday

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – Illinois taxpayers are waking up Halloween morning to tax increases after the conclusion of fall veto session...

Noem refuses Pritzker enforcement pause request, IL passes sanctuary enhancement

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Both the executive and legislative branches of Illinois government have made attempts to address federal immigration enforcement...

WATCH: Energy bill opponents say increases IL electric bills by $8 billion passes

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Illinois lawmakers have passed wide-ranging energy legislation, but opponents say it will lead to higher electricity bills....
WA Dems blame GOP for government shutdown; 1 million in state could lose SNAP benefits

WA Dems blame GOP for government shutdown; 1 million in state could lose SNAP benefits

By Carleen JohnsonThe Center Square U.S. Sen. Patty Murray, D-Wash., and Washington State Insurance Commissioner Patty Kuderer say it’s not Democrats, but Republicans, who are responsible for keeping the federal...
Officials react to allegations of civilians impersonating ICE

Officials react to allegations of civilians impersonating ICE

By Madeline ShannonThe Center Square One San Diego County supervisor is concerned about civilians posing as U.S. Immigration and Customs Enforcement agents using fake ICE clothing and tactical gear and...
Illinois quick hits: IL taxpayers have highest pension debt obligations in U.S.

Illinois quick hits: IL taxpayers have highest pension debt obligations in U.S.

By Jim Talamonti | The Center SquareThe Center Square Report: Illinois taxpayers have highest pension debt obligations in U.S. According to a new Reason Foundation report reviewing over 300 public...

WATCH: Bonta visits food bank amid lawsuit over CalFresh

By Madeline ShannonThe Center Square California Attorney General Rob Bonta said Thursday he is continuing to push for federal emergency contingency funding to restore millions of Californians’ food benefits as...
IL taxpayers to pay $20M for food banks as SNAP funding lapses start Saturday

IL taxpayers to pay $20M for food banks as SNAP funding lapses start Saturday

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – Illinois taxpayers are going to cover $20 million in food subsidies to food banks across the state....
Poll: 7 in 10 of Americans are against mail-order abortion without a doctor visit

Poll: 7 in 10 of Americans are against mail-order abortion without a doctor visit

By Tate MillerThe Center Square A national poll shows that seven in 10 “likely voters” think a doctor visit for an abortion pill prescription should be required and many are...
Trump's plan to re-start nuclear weapons testing faces criticism

Trump’s plan to re-start nuclear weapons testing faces criticism

By Brett RowlandThe Center Square President Donald Trump's plan to restart testing of nuclear weapons drew concern from some foreign nations, disarmament groups and Democrats. Trump broke with decades of...
Illinois quick hits: Corrections director appointment approved; Clean Slate Act passes

Illinois quick hits: Corrections director appointment approved; Clean Slate Act passes

By Jim Talamonti | The Center SquareThe Center Square Corrections director appointment approved After more than two years of being appointed, Latoya Hughes was approved by the Illinois Senate to...
Tyler Robinson's in-person hearing delayed to January

Tyler Robinson’s in-person hearing delayed to January

By Dave MasonThe Center Square The Utah County in-person hearing scheduled Thursday for Tyler James Robinson, 22 - charged with aggravated murder in the death of conservative leader Charlie Kirk...

WATCH: Clean Slate Act passes Illinois legislature despite opposition

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – The Illinois House has approved a Senate bill that modifies the Clean Slate Act to seal certain...
IL tax on billionaires’ ‘unrealized gains’ would face stiff constitutional test

IL tax on billionaires’ ‘unrealized gains’ would face stiff constitutional test

By Jonathan BilykThe Center Square While the provision may not ultimately be included in final legislation that Illinois Democrats ultimately enact to send hundreds of millions of dollars or more...
Illinois trucker: Deadly California crash exposes lawbreaking in trucking industry

Illinois trucker: Deadly California crash exposes lawbreaking in trucking industry

By Catrina Barker | The Center Square contributorThe Center Square (The Center Square) – An Illinois trucking company owner says the deadly California semi-truck crash involving an illegal immigrant driver...