ECONOMIC DEVELOPMENT INSTITUTE

Creates the Economic Development Institute Act. Provides that the Department of Commerce and Economic Opportunity shall establish the Economic Development Institute. Provides that the Institute shall work in conjunction with one or more of the State's universities and with professional associations involved in development to establish the Institute as a central coordinating entity for economic development training and educational programs in Illinois. Provides that the Institute shall sponsor specialized education programs, promote professional development and certification, and produce technical workbooks for local and regional economic development professionals on proven as well as innovative strategies to improve their opportunities for community growth. Provides specific economic development, professional development, and publication development guidelines. Sets forth the powers of duties of the Institute. Gives the Department of Commerce and Economic Opportunity the power to make rules to implement the Act.