A history of tax hikes to prop up unsustainable spending makes Illinois a frosty climate for small businesses.
Amazon picked two of the 20 remaining cities to split its $5 billion, 50,000-job HQ2, with a third city receiving 5,000 jobs. Illinois struck out on all three.
With lobbyist backing, lawmakers passed a bill in May aimed at driving out competitors for rental car companies. Gov. Bruce Rauner rejected the bill, but lawmakers could revive it during veto session.
Jobs growth in Illinois has gone from middle of the pack to back of the line.
While a majority of Illinois’ metro areas experienced expanding payrolls in September, metro areas only gained 800 jobs on net.
Since December 2017, the rest of the U.S. has expanded payrolls 80 percent faster than Illinois.
Sears, a long-time beneficiary of Illinois tax credit programs, has filed for Chapter 11 bankruptcy.
Illinois experienced net job losses in August, while the rest of the nation saw continued growth on average.
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.
Without property and income tax relief, housing in Illinois will continue to be less attractive, Illinois’ population is likely to continue its decline and housing price appreciation can be expected to continue to lag the rest of the nation.
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.
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.
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.
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.