A Lombard housing project shows how smaller lots can lower costs, boost development and help Illinois address its housing shortage.
A barometer of business health shows Chicago is close to marking two years of decline. The city’s employment rate lags the nation.
Restaurants and bars bid to be along Chicago’s Riverwalk, so why a proven business with a lucrative offer was booted is a mystery wrapped up in a secretive city panel.
The Illinois General Assembly just eliminated parking minimums for developments near transit hubs. That flexibility should boost housing.
A major library supplier formerly employing 1,500 will cease operations at the end of the year, laying off 318 workers in October at its Momence distribution center.
If the federal government shutdown continues, millions of Illinoisans could lose access to critical food aid after Nov. 1.
Illinois companies announced 1,722 mass layoffs in September, with restructuring at Capital One leading to the single largest loss of jobs statewide.
Illinois home prices have jumped 48% since 2018 while available housing inventory has plummeted across all 26 tracked metro areas, creating a housing crisis driven largely by restrictive zoning laws and the nation’s highest property taxes.
Illinois can take credit for plenty of Starbucks’ pumpkin spice lattes. The state produces enough pumpkins to make nearly 8 billion pumpkin spice lattes, the most pumpkins in the U.S.
Illinois’ economy bounces back after early 2025 slump. Long-term growth is threatened by taxation, regulation and barriers to getting a job.
As housing prices continue to soar out of reach for more Americans, an impulse from policy makers across the country has been to attempt to mandate “affordable” prices through legislation. One common idea is rent control, which limits how much landlords can increase rents on residents. A related one is inclusionary zoning, which forces developers...
Chicago lost nearly 1-in-5 businesses between 2015 and 2024, translating to nearly 11,200 fewer businesses operating in the city. Of the city’s 98 neighborhoods, 80 lost 10% or more of their businesses. Mag Mile lost 41% of its stores.
Policies that make building expensive have continued to choke Illinois’ housing supply, pushing more families away with high prices. Nearly $90K has been added to the average house price since 2018.
Illinois showed slow job growth as the state trailed national trends. Unemployment was at 4.4% in August, slightly above the national rate