Chicago

Politicized Belleville TIF district results in lawsuit from small business owner

By Brian Costin
08/11/2013
There’s an old saying that goes, “don’t mix politics and business,” and as long as your business isn’t politics that’s some pretty wise advice. Unfortunately, nowadays government is more frequently going out of its way to mix business and politics in the form of tax increment financing districts, or TIF districts, and corporate welfare. For...

Detroit: Then and now

08/09/2013
Back in the late 1980s I lived in northwest Detroit (at Seven Mile and Lahser) and worked downtown. I remember a t-shirt slogan that was very popular at the time: “I’m so bad I vacation in Detroit.” It was fitting. The few tourists who visited downtown saw a rundown commercial district with few shops or...

TAGS: Detroit

$15 minimum wage would harm Chicago workers

08/04/2013
This week, fast-food workers, retail employees and others have been protesting at McDonald’s restaurants and other fast-food restaurants and chain stores in Chicago and cities across the country. The protesters, who are being egged on and funded by the Service Employees International Union, or SEIU, and other union-affiliated groups, are demanding a $15-an-hour wage; a huge...

TAGS: Chicago, minimum wage

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

Chicago’s dire finances highlight the city’s union problem

08/02/2013
About a year ago, the city of Chicago released its 2012 Annual Financial Analysis. Back then I noted that many of the city’s challenges, especially high employee costs and growing pension debt, were aggravated by a heavily unionized workforce. With a new year comes newer, more disturbing financial figures – and the same old union problem...

TAGS: Chicago

Chicago needs more than small gestures for small business

08/02/2013
This week, Chicago Mayor Rahm Emanuel’s office issued a press release boasting of steps the city has taken to make it easier and faster for small businesses to get city licenses. According to the statement, visitors to the city’s Small Business Center can now take advantage of an express lane, a self-service station and additional “customer service”...

Chicago’s budget woes

By Benjamin VanMetre
08/01/2013
Chicago officials are reviewing the state of the city’s finances in preparation for a months-long budgeting process – and the numbers aren’t pretty. The city of Chicago released today its 2013 Annual Financial Analysis. As this document reveals, growing debt payments and unfunded pension liabilities continue to push the city’s budget into the red. As this...

TAGS: Chicago

Gov. Quinn announces $54.8 million investment in private universities

By Benjamin VanMetre
08/01/2013
Illinois can’t pay its bills. Lawmakers continue to eat away at the Illinois family budget with higher taxes. And the state refuses to stop ballooning pension payments from crowding out core government services. Yet Gov. Pat Quinn announced that Illinois will invest $54.8 million 27 private colleges and universities in the Chicago area. Some of this spending...

Three things you need to know about Chicago’s budget

By Benjamin VanMetre
08/01/2013
Chicago officials are reviewing the state of the city’s finances in preparation for a months-long budgeting process – and the numbers aren’t pretty. The city of Chicago released today its 2013 Annual Financial Analysis. As this document reveals, growing debt payments and unfunded pension liabilities continue to push the city’s budget into the red. As this...

TAGS: Chicago