The newly announced Illinois Competitiveness Council is expected to help promote economic growth and job creation by cutting the red tape in Illinois. Created through Executive Order 16-13, the council will review all agency rules and regulations to ensure current regulations are up to date and relevant to today’s industries and practices; ensure the language in rules are easy to understand; reduce the amount of unduly burdensome requirements on businesses, social service providers, and citizens through both time and cost; and ensure there is a clear need for the regulation.
In addition, the Illinois Competitiveness Council will look for recommendations to improve Illinois’ licensing environment to promote job growth and job creation. Currently, the Illinois Department of Financial and Professional Regulation (IDFPR) has more than a million active licenses in more than 200 license categories, however for nearly a third, IDFPR has issued fewer than 100 licenses. The growth of these licenses has increased 184 percent in the last 20 years.
The goal of the council is to save Illinoisans at least $250 million in direct license fee costs over the next decade, and save Illinois taxpayers and business owners at least 4 million pages in paperwork.
Illinois residents are encouraged to talk directly to the Council through a website where they can report unnecessary red tape that they are familiar with.