Nippon Sharyo points to prototype difficulties and unspecified business concerns as the main reasons behind the layoffs.
Illinois’ weak economic growth and population loss may signal the beginning of a financial death spiral.
The company plans on moving its white-collar workforce to Naperville, while keeping its manufacturing plant in Michigan.
The newly re-elected House speaker is pushing a new tax on businesses, an increase to the minimum wage and more spending, while doing nothing to address salient problems such as workers’ compensation and pension debt.
Half of Midwest out-migration losses are coming from Illinois, making it the only shrinking state in the region.
Latest WARN report sees almost all mass layoff announcements come from Cook County.
Both chambers of Kentucky’s legislature have passed, and Gov. Matt Bevin has promised to sign, legislation bringing worker freedom to Kentucky – and further weakening Illinois’ regional economic competitiveness.
Illinois’ $1.3 billion in EDGE tax credits has brought in only 34,000 jobs since 2001, and has enabled politicians to hand out tax relief to select companies rather than lowering anti-growth taxes for all businesses.
Peoria-based heavy-equipment manufacturer Caterpillar has announced a possible move of up to 800 manufacturing jobs out of Aurora.
Misplaced priorities in education funding have driven students out of the state and skyrocketed tuition costs.
Data from moving companies reflect continued mass exodus from Illinois.
The U.S. Census Bureau released new migration data Dec. 20, and it’s frightening. Illinois has a massive people problem. From July 2015 to July 2016, the state’s population declined by more than 37,000 people. That’s the worst population loss in the nation, and will likely mean the loss of a seat in the U.S. House...
It’s no secret Chicago aldermen aren’t friendly to outsider businesses and innovative industries. Here’s a look at some of the most egregious examples from 2016.
“I’m gonna cry, guys. Never thought this day would come. You know, 27 or 28 years I’ve been here and it’s time to move on. My eyes opened up to what was happening. And I realized, do I really want to invest that kind of money in a home in Chicago and the state of...