The average Illinoisan works 208 days to pay the cost of government July 26 is Illinois’ Cost of Government Day, the date of the calendar year on which the average Illinois worker has earned enough gross income to pay off his or her share of the spending and regulatory burden imposed by government at the federal,...
CNBC just released its 2012 America’s Top States for Business, and guess what, Illinois didn’t top the list (no surprise there), but it wasn’t even in the top half! Illinois placed a dismal 26th, worse than most of its neighboring states. Texas took top honors as it has done for three of the six years that...
By now you probably know that I’m no fan of the plastic bag regulationscurrently up for consideration in the House. Neither is the editorial boardof the Chicago Tribune. Since my article ran back in April, I’ve been contacted by Illinois businesses in the plastic bag and film sector, and the message I’m hearing is the same: they...
Yesterday, the Illinois State Senate voted 43-5-5 to end a controversial legislative scholarship program that had been abused multiple times by elected officials. The bill now moves to the House for consideration.
The 5th ALEC-Laffer State Economic Competitiveness Index was just released, ranking states on past economic performance and future economic outlook. Illinois is ranked 48 out of the 50 states in both measures.
A story in the Pekin Daily Times reports that farm-market shoppers in Illinois will have more choices this year, thanks to a law Governor Quinn signed last August, the Local Food Entrepreneur and Cottage Food Operation Act. But the law might not be as beneficial as the its backers suggest — and Illinois and other governments can and should do...
On March 19, the Regional Economics Applications Laboratory (REAL) at the University of Illinois released an assessment of the economic impacts on local economies of proposed closures of four correctional and adult transition centers – Tamms, Dwight, Westside, and Peoria. The study, Impact of the Closure of Selected Department of Corrections Facilities, calculates the direct, indirect...
What does it take to start your own business in Chicago?
"It's not you, it's your state's fiscal mess."
As Gov. Pat Quinn prepares for the State of the State address on Feb. 1, he will find it difficult to defend the state’s economic policies that have resulted in more unemployed Illinoisans in 2011. Almost a year after Illinois’ record income tax increase, the state’s unemployment woes contrast starkly with the slow but positive...
by Kristina Rasmussen Jim Lacey provides a much-needed new perspective on Ebenezer Scrooge over at NRO: More than anything else, Scrooge’s investments created jobs. A man with the wealth Dickens implies Scrooge possesses was probably making investments that employed many thousands of workers. History tells us that these “men of business” also reaped most of the rewards....
by Ted Dabrowski Illinois is bleeding people to almost every state in the nation. People are packing up and voting with their feet. Gone – goodbye. When people leave, they don’t just take their belongings. With them go their earnings, their spending power and their contribution to society. When they own companies, they even take the...
by Amanda Griffin-Johnson Between 2000 and 2010, Illinois lost 434,100 jobs – more than almost any other state. By comparison, Texas gained 910,400 jobs during the same time span. Click on the image below to check out our interactive dashboard to see how Illinois stacked up against other states in job creation over the last decade.
by Emily Dietrich Illinois’ economy added 30,000 jobs in the month of October. However, the state’s unemployment rate ticked up to 10.1 percent. This contradiction leaves many wondering: did the Illinois jobs market improve or not? To evaluate the jobs market, economists rely on two surveys produced by the Bureau of Labor Statistics, or BLS. The...