Midwestern United States

Youth unemployment: Lack of opportunity in Illinois

By Michael Lucci
03/24/2014
Illinois is in a jobs crisis, now claiming the second-highest jobless rate nationally and the highest jobless rate in the Midwest. Gov. Pat Quinn and his allies are now on the move to make the problem worse for young people and minorities. Quinn should have learned from his own dismal record. Since Quinn took office,...

TAGS: minimum wage

The Lion Meat Act is back

By Jane McEnaney
03/15/2014
In addition to having the highest jobless rate in the Midwest and the third-highest in the nation, Illinois’ jobless rate has gone up more in the last five years than any other state in the nation. Furthermore, the unfunded liability for Illinois’ five state-run pension systems has officially passed the $100 billion mark. With problems like...

TAGS: Lion Meat Act

Illinois businesses face another tax hike

By Benjamin VanMetre
03/13/2014
Lawmakers in Indiana are pushing to cut the state’s corporate income tax rate to 4.9 percent in 2019 from 6.5 percent in 2015. If successful, the legislation would give Indiana one of the most competitive corporate income tax rates in the Midwest. Corporations in Illinois currently pay 9.5 percent of their income to the state...

TAGS: fair tax, income tax, progressive income tax

Illinois has the highest jobless rate in the Midwest

By Michael Lucci
03/10/2014
Illinois has the highest jobless rate in the Midwest, and the third-highest in the nation. But not only that. Illinois’ jobless rate has gone up more in the last five years than any other state in the nation.   Despite this dismal record, cheerleaders for the state government cite various studies to support a claim...

TAGS: jobs, Midwest, unemployment

Illinois Senate proposes more reverse Robin Hood legislation

By Michael Lucci
03/04/2014
An ironic piece of legislation has been proposed in the Illinois Senate. Senate Bill 3126 would reduce the corporate income tax rate from 7 percent to 3.5 percent, but also raise the minimum wage nearly 50 percent, to $12 from $8.25. Cutting corporate tax rates is a great idea in the state with the fourth-highest...

TAGS: minimum wage

What’s behind Illinois’ employment collapse?

By Michael Lucci
02/24/2014
A smaller and smaller percentage of adults are working to support the entire state population. Why does this matter? Because a booming economy provides the benefits of opportunity and upward mobility. But not only that. Growing the number of taxpayers is essential for funding core government services and pension bills. The only other tools legislators...

The hidden bill: Chicago taxpayers and the looming crisis

By Benjamin VanMetre
09/17/2013
The city of Chicago has long been regarded as an economic engine of the Midwest. It is home to some of the country’s largest industries and more than 30 of the nation’s Fortune 500 companies. Chicago is accessible by road, rail and water, and is located in a state that boasts an abundance of natural...

Betting on Illinois: Pizza with a Purpose

By Hilary Gowins
07/29/2013
Dimitri Syrkin-Nikolau doesn’t just make pizza. Through his Chicagobased business, Dimos Pizza, he also cultivates talented employees. He opens his doors to local schools. He helps foster enthusiasm and excitement within his community. That’s because, to Syrkin-Nikolau, business isn’t just about making money. He believes it’s about what he calls “purposeful profit.” “Ultimately, profit is...

Pizza with a purpose: Restaurateur Dimitri Syrkin-Nikolau believes in Illinois’ future

By Hilary Gowins
07/03/2013
Dimitri Syrkin-Nikolau doesn’t just make pizza. Through his Chicagobased business, Dimo’s Pizza, he also cultivates talented employees. He opens his doors to local schools. He helps foster enthusiasm and excitement within his community. That’s because, to Syrkin-Nikolau, business isn’t just about making money. He believes it’s about what he calls “purposeful profit.” “Ultimately, profit is...

Chicago — the future hub of ed-tech

05/26/2013
by Josh Dwyer In an article on EdReach – a website that provides a platform for education innovators – Christopher Nyren, founder of Educated Ventures, listed a number of reasons why Chicago should be one of the “most prolific ed-tech hotspots on the planet.” Here are some of the facts Nyren shared: The Midwest boasts two of the...