Illinois strikes out on Amazon HQ2
Illinois strikes out on Amazon HQ2
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.
Senate bill would strike car-sharing startups with new taxes, regulations
Senate bill would strike car-sharing startups with new taxes, regulations
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.
Illinois’ private sector jobs growth among worst in the nation since 2017 tax hike
Illinois’ private sector jobs growth among worst in the nation since 2017 tax hike
Jobs growth in Illinois has gone from middle of the pack to back of the line.
Illinois metro areas gain 800 jobs in September
Illinois metro areas gain 800 jobs in September
While a majority of Illinois’ metro areas experienced expanding payrolls in September, metro areas only gained 800 jobs on net.
Illinois added 2,800 jobs in September, still lags nation
Illinois added 2,800 jobs in September, still lags nation
Since December 2017, the rest of the U.S. has expanded payrolls 80 percent faster than Illinois.
Sears files for bankruptcy despite decades of Illinois tax breaks
Sears files for bankruptcy despite decades of Illinois tax breaks
Sears, a long-time beneficiary of Illinois tax credit programs, has filed for Chapter 11 bankruptcy.
Illinois’ economy shed 5,200 jobs in August, the first drop in 2018
Illinois’ economy shed 5,200 jobs in August, the first drop in 2018
Illinois experienced net job losses in August, while the rest of the nation saw continued growth on average.
Manufacturer to shutter 2 Illinois plants, open $26M Indiana facility
Manufacturer to shutter 2 Illinois plants, open $26M Indiana facility
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.
House hunters: How high taxes hurt home investment in Illinois
House hunters: How high taxes hurt home investment in Illinois
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.
Illinois’ income growth second-worst in the nation
Illinois’ income growth second-worst in 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.
One of Illinois’ top tax credit recipients to shutter 1,000-employee HQ
One of Illinois’ top tax credit recipients to shutter 1,000-employee HQ
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.
Chicago-based MillerCoors shedding 350 jobs, despite $5.7M TIF subsidy
Chicago-based MillerCoors shedding 350 jobs, despite $5.7M TIF subsidy
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.
Auto parts company to create 100 new Illinois jobs for $1.2M in tax breaks
Auto parts company to create 100 new Illinois jobs for $1.2M in tax breaks
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.
Rauner rejects bill aiming to squeeze out rental car competition
Rauner rejects bill aiming to squeeze out rental car competition
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.