In a free enterprise system, businesses grow organically by providing customers with products of value, and in return customers reward those businesses with their hard-earned money. Unfortunately, in Illinois the free enterprise system has been corrupted by bad government policies. Because of Illinois’ high taxes, regulations and anti-free-market policies, many businesses now resort to playing...

Instead of creating a business-friendly environment by keeping taxes and regulations low, Illinois state government and the city of Chicago have a laundry list of special tools they claim promote economic development. These tools include: tax increment financing, or TIF, districts; economic grants; and a series of loopholes in the tax code. When government gives...

There’s an old saying that goes, “don’t mix politics and business,” and as long as your business isn’t politics that’s some pretty wise advice. Unfortunately, nowadays government is more frequently going out of its way to mix business and politics in the form of tax increment financing districts, or TIF districts, and corporate welfare. For...

Tax Increment Financing, or TIF, districts are a controversial economic development tool – and there is no concrete evidence they actually work. In fact, a study from professors at the University of Chicago and Lake Forest College showed that Illinois communities with TIF districts “grew substantially slower than non-adopters.” By law, TIFs are intended to promote economic...

A study from professors at the University of Chicago and Lake Forest College showed that Illinois communities with TIF districts “grew substantially slower than non-adopters.”