By Michael Lucci
12/19/2013
Archer Daniels Midland, an Illinois-based agribusiness giant, announced today that it will move the company’s global headquarters from Decatur, Ill., to Chicago, despite a tax incentive bill worth $30 million to ADM being stalled in the Illinois General Assembly. The decision keeps 60 to 75 executive-level jobs in Illinois, and comes a week after Office...
TAGS: Archer Daniels Midland, Chicago, cronyism, taxes
By Hilary Gowins
08/03/2013
By Hilary Gowins
07/03/2013
Allstate Corp. tops the list of Illinois companies planning layoffs, according to a June report from theIllinois Department of Commerce and Economic Opportunity, or IDCEO. The Northbrook-based insurance company is planning to lay off 348 workers from its Woodridge, Ill., location as part of a restructuring effort to reduce expenses. Under IDCEO’s Illinois Worker Adjustment and...
Illinois Policy Institute Executive Vice President, Kristina Rasmussen, joined WCIA-3‘s Steve Staeger to discuss the lack of grant monitoring in Illinois. Almost half the state’s budget goes to grants. Some go to smaller government bodies, others to non-profits. The money is supposed to be spent on good causes, things to help people. But, in recent...
By Benjamin VanMetre
12/27/2012
Imagine an Illinois economy so vibrant that companies felt they had to be in Illinois to reach their fullest potential. Imagine a tax environment so competitive that companies across the country battled to get a piece of Illinois real estate. Keep imagining, because this certainly isn’t a reality. The fact is, Illinois ranks 48th in economic...
TAGS: cronyism
By Benjamin VanMetre
12/11/2012
Ready for a weekend of entertainment? Start by cruising around a shopping festival on Chicago’s Magnificent Mile. Then get some exercise on the eco-friendly, customized ziplines built by Shawnee Bluffs Canopy Tour Inc. in Williamson County. If that’s not enough, hit the wrestling matches at the Dual Meet Nationals in Springfield. Won’t be able to...
By Benjamin VanMetre
11/26/2012
Providing entertainment may seem like a far cry from an essential government service, but not in Illinois. The Illinois Department of Commerce and Economic Opportunity (DCEO) doles out hundreds of millions of taxpayer dollars in grants each year. Funding entertainment is one of the many ways in which this money is used. The...
By Chris Andriesen
05/08/2012
The problem In fiscal year 2011, the state handed out more than $1.1 billion to nonprofit organizations across the state in the form of 1,636 grants. While taxpayers can access online how much money was spent on these grants, it’s difficult for them to find out what the grants were for and if the grants...
by Emily Dietrich In page after page of Atlas Shrugged, Ayn Rand depicts her real life hero – the entrepreneur. After a Library of Congress survey revealed that readers of Atlas Shrugged rate the novel only second to the Bible as the most influential book in their lives, it’s no surprise that this way of thinking has taken root. Entrepreneurs...
by Emily Dietrich This year Illinois lawmakers spiked taxes on employees and employers alike. But when big businesses threatened to move to other states in response to the higher taxes, Illinois politicians rushed in and offered tax cuts and other incentives. Companies like Motorola and Caterpillar were saved. But what’s the real story behind the tax increases?...
