Small Business Saturday offers a reason to be extra thankful: businesses with fewer than 20 employees have been the only ones to grow payrolls since COVID-19 hit.
Chicago led the state in mass layoffs, accounting for more than one-third of job cuts in August. The statewide data shows 93% of job losses stemmed from companies closing up shop.
The Quad Cities will experience a combined 319 job cuts after John Deere announced layoffs at both its World Headquarters in Moline and Harvester Works factory in East Moline. Romeoville saw more than 1-in-4 of the mass layoffs statewide.
Illinoisans faced 1,026 mass layoffs in June 2024, with manufacturing and transportation sectors hit hardest. John Deere in East Moline accounted for about 1-in-4 of the layoffs announced statewide.
Published July 9, 2024 America is facing a housing affordability crisis. According to a 2022 survey, 73% of Americans said the average person could not afford a home in their area, and 69% were worried about their children and grandchildren being able to afford a home. That’s unfair. Everyone deserves a good roof over their...
Declining demand has John Deere planning 600 layoffs, including 280 in Illinois, by the end of August. Illinois already had companies planning to cut 1,124 jobs in May, hitting janitorial services providers, collection agencies and packaging industries.
A cap on the retailers’ sales tax credit will effectively hikes taxes on Illinois retailers by $186 million. Retailers are already facing razor-thin margins, but the record $53.1 billion state budget required $1.1 billion in new taxes.
The Education Freedom Tax Credit, also known as the Federal Scholarship Tax Credit, will give Illinois students access to donor money if the state opts into the program.