Manufacturer to shutter 2 Illinois plants, open $26M Indiana facility

By Vincent Caruso

09/19/2018

Accepting a deal that includes $6 million in subsidies, Wynright Corporation will expand its operations in Indiana and close plants in suburban Elk Grove and Oak Lawn.

TAGS: Indiana, Indiana Economic Development Corporation, jobs, manufacturing, outmigration, unemployment

Illinois’ income growth second-worst in the nation

By Vincent Caruso

09/14/2018

Amid two record-breaking income tax hikes, growing property tax bills and population decline, the Land of Lincoln’s income growth is trailing the rest of the nation.

TAGS: income, income tax, personal income, pew research, Spending, spending cap, taxes

One of Illinois’ top tax credit recipients to shutter 1,000-employee HQ

By Austin Berg

09/11/2018

Illinois issued more than $60 million in EDGE tax credits to Takeda Pharmaceuticals from 2003 to 2013, more than any other company received over that time.

TAGS: EDGE: Economic Development for a Growing Economy, jobs, tax credits, unemployment

Chicago-based MillerCoors shedding 350 jobs, despite $5.7M TIF subsidy

By Vincent Caruso

09/06/2018

MillerCoors opened its Chicago headquarters in 2010. Eight years and nearly $6 million in subsidies later, the beer giant has been hammered by a heavy round of layoffs.

TAGS: Chicago, jobs, property taxes, taxes, TIF: Tax Increment Financing, unemployment

Auto parts company to create 100 new Illinois jobs for $1.2M in tax breaks

By Janelle Cammenga

09/06/2018

Following $3.7 million in EDGE tax credits Illinois awarded the company last year, Flex-N-Gate is set to receive a $1.2 million tax break to boost its Danville workforce.

TAGS: Danville, EDGE: Economic Development for a Growing Economy, tax credits, taxes

Rauner rejects bill aiming to squeeze out rental car competition

By Joe Barnas, Mindy Ruckman

08/31/2018

Using his amendatory veto authority, the governor blocked a proposal by the General Assembly that would have protected traditional rental car companies by stifling car-sharing startups.

TAGS: Bruce Rauner, carsharing, Getaround, Maven, regulations, Turo

Taxpayer-subsidized manufacturer shutters Illinois plant

By Joe Kaiser

08/28/2018

Despite years of taxpayer subsidies, rail car manufacturer Nippon Sharyo has closed its Rochelle plant – pointing to a reality some politicians don’t want to face.

TAGS: EDGE: Economic Development for a Growing Economy, Nippon Sharyo, Ogle County, Rochelle, tax credits

Rauner signs bill lifting ban on industrial hemp

By Vincent Caruso

08/27/2018

The Industrial Hemp Act will plant the seeds for the growth of commercial hemp production across Illinois.

TAGS: Bruce Rauner, hemp, jobs, marijuana, Tim Butler, Toi Hutchinson

Small business owners give Illinois an ‘F’ in friendliness

By Vincent Caruso

08/20/2018

A recent survey found Illinois to be the least accommodating state in the nation for small businesses.

TAGS: EDGE: Economic Development for a Growing Economy, income tax, progressive income tax, regulations, sales tax, small business, tax credits, taxes

Rest of the nation sees 31 percent faster jobs growth vs. Illinois in 2018

By Orphe Divounguy, Bryce Hill

08/17/2018

Illinois experienced its sixth consecutive month of jobs growth in July, yet continues to trail the pace of growth in the rest of the nation for 2018.

TAGS: BLS: Bureau of Labor Statistics, IDES: Illinois Department of Employment Security, income tax, jobs, manufacturing, progressive income tax, taxes, unemployment