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03022017CM0155

“I want to thank everyone who worked to make this legislation a success and continue our efforts to bring jobs to the Metro East.” - Senate Majority Leader James F. Clayborne, Jr. (D-Belleville)

BELLEVILLE – A tax credit benefiting East St. Louis was extended today. The river edge tax credit promotes economic development in places like East St. Louis. Under the program, developers receive tax credits for renovating historic structures.

Senate Majority Leader James F. Clayborne, Jr. (D-Belleville) co-sponsored the bipartisan legislation and represents East St. Louis.

“Communities like East St. Louis are huge winners under this tax credit,” Clayborne said. “I want to thank everyone who worked to make this legislation a success and continue our efforts to bring jobs to the Metro East.”

The legislation, Senate Bill 1783, passed both chambers with an overwhelming bipartisan majority and extends the tax credit to the end of 2021.