While J.B. Pritzker has not released a detailed tax plan of his own, reasonable cost estimates suggest the tax hike required to pay for the candidate’s spending promises would require doubling Illinois’ state income tax rate and cost the state an estimated 132,000 jobs and $31.3 billion in forgone GDP.View Report
Illinois currently has the highest start-up fees in the country, further burdening the already-unfriendly business climate in the state.
This article was written by Satta Sarmah and featured in Fast Company on September 26, 2014. When 30-year-old Chicago native Sheyla Jarocz talks about how a brick and mortar storefront survives in the city’s North Center neighborhood, it sounds like a lonely mission. “I’ve tried to do promotions with nearby businesses,” said Jarocz, who opened Maash Boutique two years...
Illinois needs to pass a law to create space for this financial innovation, allowing families to invest in local businesses through crowdfunding.