Coffee Run: Chicago forces out entrepreneurs
Coffee Run: Chicago forces out entrepreneurs
When Sara decided to start her own business, there was no question that she would set up shop in her hometown.
Illinois employers warn of nearly 1,700 job cuts
Illinois employers warn of nearly 1,700 job cuts
More than a dozen companies in Illinois will likely cut a total of nearly 1,700 jobs by the end of the year, according to a new state report. The June report for the Illinois’ Worker Adjustment and Retraining Notification Act, or WARN, is filled with job cuts from a commercial printing company, a jewelry company,...
High workers’ compensation costs cited in closing of Quincy factory
High workers’ compensation costs cited in closing of Quincy factory
The closing of a factory in Quincy, Ill., will leave more than 150 employees with uncertain futures. According to a recent report from The Quincy Herald-Whig, representatives of Quincy Compressor have announced that the factory will close in July 2015. Layoffs are expected to begin this fall. Despite efforts from union leaders and government officials...
Illinois metro areas’ employment numbers lower than they were decade ago
Illinois metro areas’ employment numbers lower than they were decade ago
Employment in Illinois’ metropolitan areas improved in May, but employment growth is still far behind what it should be, according to data from the Bureau of Labor Statistics. All 10 metropolitan areas saw month-over-month and year-over-year improvement of their unemployment rates. Unfortunately, every Illinois metro area has an unemployment rate above the national average of...
Illinois’ jobs report card
Illinois’ jobs report card
It’s report-card season in Illinois, as the journey and efforts that began last August have come to fruition for students across the state. State governments can be graded too, in particular on the subject of jobs. How Illinois fares on job creation is critically important for local high school and college seniors, who have just...
Chart of the week: Waning entrepreneurial spirit in Illinois
Chart of the week: Waning entrepreneurial spirit in Illinois
According to a recent Gallup survey, only 60 percent of Illinoisans believe that this is a good state to start a business. Not only do we have one of the most negative views in the nation, but it stands in stark contrast to booming states such as North Dakota and Texas, where more than 80...
Hoosier playbook: How Indiana lures Illinoisans with opportunity
Hoosier playbook: How Indiana lures Illinoisans with opportunity
Illinoisans cross the border to become Hoosiers at a stunning rate. Illinois had a net loss of 4,100 people and $76 million of annual income to Indiana in 2010 alone, the most recent year of Internal Revenue Service data. That’s because for every three people who left Indiana for Illinois, four left Illinois for Indiana. Illinois’ losses to Indiana are...
Illinois private-sector payrolls fall by 5,400 as workers leave workforce
Illinois private-sector payrolls fall by 5,400 as workers leave workforce
Illinois’ unemployment rate fell to 7.5 percent from 7.9 percent month-over-month, according to the Bureau of Labor Statistics’ most recent household survey. But there’s no reason to celebrate. Payroll jobs shrank by 2,600, with a loss of 5,400 private-sector jobs and an increase of 2,800 government jobs. The decline in the unemployment rate was driven...
Crony community development organization thinks ‘Mike’s’ is ‘too ghetto’
Crony community development organization thinks ‘Mike’s’ is ‘too ghetto’
A Chicago business owner was told that his nickname – “Mike” – was “too ghetto” to be in the name of his own store. Mike Sharma was told by the University Village Association, or UVA, that his store’s intended name, “Mike’s Wine and Spirits,” wasn’t classy enough for the Little Italy neighborhood. As part of...
A tale of two governors: Wisconsin vs. Illinois
A tale of two governors: Wisconsin vs. Illinois
In January 2011, the governors of Wisconsin and Illinois took office for their first elected terms. They set their states on two very different paths: one that led to recovery, and one that led to further decline. Gov. Pat Quinn saw a hole in pension funding, so he raised income taxes on all Illinoisans by...
Small businesses give Illinois an F
Small businesses give Illinois an F
The 2014 Thumbtack.com Small Business Friendliness Survey asked 13,000 small businesses across the U.S. to grade the friendliness of their state and locality. Illinois businesses gave the Land of Lincoln an F. Ever the golden child, Chicago earned a D+. These grades are unacceptable. Illinois’ small businesses are sounding the alarm for what’s causing Illinois’...
Illinois has the second-worst GDP growth in the Midwest
Illinois has the second-worst GDP growth in the Midwest
Illinois recorded the second-worst growth in gross domestic product of any state in the Midwest, according to this week’s release from the Bureau of Economic Analysis. The Illinois economy grew by just 0.9 percent in 2013. Only Missouri grew slower, at a sluggish 0.8 percent. The state’s growth ranks near the bottom nationally as well....
Pedaling backward: Chicago’s attack on pedicabs
Pedaling backward: Chicago’s attack on pedicabs
These new rules are hitting drivers hard, and limiting their ability to make a living.
Chart of the week: Setting the record straight on employment under Quinn
Chart of the week: Setting the record straight on employment under Quinn
When Gov. Pat Quinn’s campaign spokesperson, Brooke Anderson, joined host Mike Flannery on Fox Chicago on June 8, she claimed: “Unemployment is at its lowest point in more than five years. More people are working in Illinois today than when the governor took office.” But that’s simply not true. While the unemployment rate in Illinois...