By Austin Berg
10/30/2014
Illinois is ready to boom. That is the single most important fact about Illinois’ jobs climate and economy as a whole. However, Illinoisans have been held back by policy errors that have plagued the state for decades, especially since the Great Recession. Policy errors are causing tremendous pain for Illinoisans, but that pain can be...
By Robert Steere
10/08/2014
Illinois’ Economic Development for a Growing Economy, or EDGE, tax credit program has been making the news from time to time during recent months, mostly in the context of discussions on how to reform Illinois taxes and grow Illinois’ economy simultaneously. The program is on the chopping block. Notably, talk of changes to the EDGE...
TAGS: EDGE: Economic Development for a Growing Economy
By Michael Lucci
09/08/2014
Illinois has become infamous for encouraging cronyism and discouraging entrepreneurship, but there are a number of steps state lawmakers could take to end this cycle and encourage growth. Without serious changes, Illinois will continue on a cycle of job loss and economic decline. According to the Kauffman Foundation, Illinois ranks near the bottom for entrepreneurial...
TAGS: Chicago, jobs
By Hilary Gowins
08/27/2014
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...
TAGS: Baxter, Chicago, jobs
By Michael Lucci
08/18/2014
Illinois government does some strange things. A case in point is how the state treats people and businesses that create jobs. Illinoisans are subject to both a death tax and a franchise tax. The death tax is a special tax on wealthy people just for the privilege of dying in the state of Illinois. This...
TAGS: Chicago, cronyism, death tax, jobs
Illinois GOP gubernatorial candidate Bruce Rauner released yesterday another portion of his “Bring Back Blueprint,” acknowledging Illinois’ jobs crisis and identifying many of the pain points that make Illinois the lowest performing state in the Midwest, economically. The Illinois Policy Institute has reviewed Rauner’s proposal, and while the plan is not perfect, it addresses many...
By illinoispolicy
05/15/2014
State politicians are in Springfield right now voting on budget bills that call for spending $3 billion more than the state will take in from income tax revenues. These budget bills are fraught with wasteful spending. Here are some examples: House Bill 6149 would appropriate a total of $1.8 billion from the General Revenue Fund...
By Brian Costin
05/06/2014
April was a very busy month for public corruption stories in Illinois. In total, there were 45 different public corruption-related news stories in just 30 days. A full list of those stories can be found here. Here are the April inductees to the Illinois Hall of Shame: 5. The city of Chicago spent more than...
By Brian Costin
04/30/2014
45. April 30, 2014 Sun-Times: Criminal probe of Quinn anti-violence plan rocks governor’s race A criminal grand jury has launched a probe into Gov. Pat Quinn’s troubled anti-violence program — once likened to “a political slush fund” — delivering a major blow to the Democrat as he seeks re-election this fall. On Tuesday, the Quinn...
