Though Baxter International Inc. has denied reports that it is considering relocating to Boston, Illinois officials are in damage-control mode to ensure that the Deerfield, Ill.-based company stays put. On Aug. 27, the Boston Business Journal reported that Baxter, a biotech giant that has been based in Illinois since the 1930s, is looking to make a...
Illinois lost 3,200 payroll jobs in March, and the state’s unemployment rate ticked down to 8.4 percent from 8.7 percent, according to the Bureau of Labor Statistics. Illinois’ month-over-month change in payroll jobs was the third-worst nationally. Only Pennsylvania and Virginia lost more jobs. This news comes fresh on the heels of the announcement by...
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.