State Representative Amy Elik along with state and local leaders, including Governor JB Pritzker, and company officials participated in a dedication ceremony to thank Wieland Rolled Products for their commitment to reinvest in Illinois.
“I’m thrilled that Wieland Rolled Products has chosen their East Alton facility to reinvest in advanced manufacturing jobs in the Metro East,” said Rep. Amy Elik. “Today’s announcement would not have happened without the collaboration and cooperation from state, federal, and local leaders coming together with company officials to keep these skilled jobs right here in East Alton.”
State Representative Amy Elik’s initiative signed into law included in Public Act 103-0009, offers tax incentives to businesses currently operating in the state if the business plans to convert or expand as an electric vehicle manufacturer, an electric vehicle component parts manufacturer, or a renewable energy manufacturer. If the manufacturer retains at least 800 people and invests at least $500 million in capital improvements, then the Illinois manufacturer would be eligible for REV tax credits ranging from 75%-100% of the incremental income tax attributable to retained employees at the applicant’s project.