Caterpillar Inc.

The disappearance of Illinois’ manufacturing jobs

By Michael Lucci
09/15/2014
Illinois’ manufacturing sector has been hemorrhaging jobs for decades, and policy has a lot to do with it. Since 2004, Illinois has lost 125,000 manufacturing jobs. Most of these losses resulted from the Great Recession – a colossal 117,000 manufacturing jobs were shed from January 2008-January 2010 – but precious few have returned. In the...

TAGS: jobs

High workers’ compensation costs cited in closing of Quincy factory

By Shawn Tonge
07/03/2014
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’ recipe for exodus: 7 different tax structures proposed for 2015

By Michael Lucci
03/27/2014
You’re a small business owner planning out your budget for the next five years. You expect explosive growth and a lot of hiring. But your financial future is uncertain, so you factor business risks and uncertainties into your plan. At least you can count on your state government for stability and a clear tax structure...

TAGS: fair tax, graduated income tax, income tax, progressive income tax

Illinois’ comeback: The real facts

By Benjamin VanMetre
03/26/2014
JOB CREATION: Since 2010, Illinois has recovered only 215,800 jobs, which is 42,000 fewer than Gov. Pat Quinn’s claim of 257,400. More importantly, Illinois is the only state in the Midwest that had fewer payroll jobs in January 2014 than it did when Quinn took office in January 2009. UNEMPLOYMENT: Illinois has the second-highest unemployment...

Disappearance of Illinois’ manufacturing sector

By Justin Hegy
10/10/2013
It’s hard not to notice the disappearance of Illinois’ manufacturing sector. Anyone driving through the outskirts of Peoria can witness the closed buildings and half-abandoned neighborhoods. Cities all across Illinois have seen a similar story unfold. Illinois’ manufacturing base has been in decline, losing over 130,000 manufacturing jobs in the past decade. Even during the...

TAGS: progressive income tax

400 Illinoisans receive notice of impending layoffs

By Hilary Gowins
08/03/2013
At the end of July, about 400 Illinois workers were notified that they might be losing their jobs in the next few weeks. Filings with the Illinois Department of Commerce and Economic Opportunity highlighted this number, which includes cuts at major companies throughout the state. According to the Chicago Tribune: Lake Forest-based Grainger Inc. said it...

TAGS: Ball Metal Beverage Packaging, Caterpillar, Citibank, Grainger, KubeTech Custom Molding, Olin Corp, Pershing, Robert Bosch Tool Corp