A factory expected to employ 4,000 workers will not be coming to Illinois. Intersect Illinois cites the lack of a statewide Right-to-Work law and a dearth of shovel-ready sites as the main culprits.
Under its agreement with the state of Illinois, the candy company Haribo of America will bring 25 new jobs to its Rosemont headquarters by October 2018, followed by another 30 by October 2021.
Illinois will need more foreign investment, and major reforms to the state’s business climate, in order to get off the weak economic path it now treads.
Chicago’s $1.15 billion projected budget gap is the latest in a decades-long string of structural deficits. Making Chicago’s high taxes worse is not the solution.