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Illinois businesses burdened by much more than taxes

By Naomi Lopez Bauman
08/19/2014
A recent study of the business tax burden in the 50 states and District of Columbia ranks Illinois as 27th in the nation. Portrayed as being “not so bad” in the media sheds a lot of light on Illinois’ current economic position. But while Illinois ranks in the middle of the pack for business tax...

TAGS: taxes

Illinois: Turning around or running in place?

By Naomi Lopez Bauman
08/10/2014
Gov. Pat Quinn is claiming that Illinois is making a comeback. But the evidence, supported by public opinion, belies that fact. Illinois remains an economic basket case: The state has the fastest-shrinking workforce in the nation Illinois has the second-highest property taxes in the country, as well as a high tax burden on individual and business incomes Illinois is the third-most corrupt state in the country Illinois loses one resident...

Illinois corruption watch, July 2014

By Brian Costin
08/09/2014
The bad news keeps piling up for Illinoisans. Illinois Policy’s “corruption watch” blog series hit a new high in the month of July with nearly 100 corruption-related stories. Chicago and Springfield are the two cities most synonymous with the state’s corruption woes. Unsurprisingly, both cities dominated headlines with the top two corruption stories of the...

Illinois should strive for better marks on hair-braiding regulations

By Bryant Jackson-Green
07/18/2014
The state of Illinois received a near-failing grade for the quality of its natural-hair-braiding licensing rules, according to a new study released by the Institute for Justice. The study overviews natural-hair-braiding (a popular beauty practice among African and African-American communities in the U.S.) regulations in every state in the country, ranking each one based on...

TAGS: licensing, occupational licensing, regulations, small business

End the crony slush fund that is the Ex-Im Bank

By Bryant Jackson-Green
07/14/2014
An important debate about the future of the Export-Import Bank of the United States is raging in Congress and in the media. The House Financial Services Committee held a hearing last month to ask if the bank was “corporate necessity or corporate welfare?” The Ex-Im Bank originated as a New Deal-era program, financing loans to...

Make Chicago a 24-hour city

By Michael Lucci
07/14/2014
Chicago needs entrepreneurs. But too often, the city slows them down or chases them out of town. The “City that Works” doesn’t work for startups. A simple process is necessary so that startups in Chicago can get off the ground and start working, hiring and paying taxes. One good place to start is to make...

Illinois’ jobs report card

By Michael Lucci
06/30/2014
It’s report-card season in Illinois, as the journey and efforts that began last August have come to fruition for students across the state. State governments can be graded too, in particular on the subject of jobs. How Illinois fares on job creation is critically important for local high school and college seniors, who have just...

Chart of the week: Waning entrepreneurial spirit in Illinois

By Naomi Lopez Bauman
06/27/2014
According to a recent Gallup survey, only 60 percent of Illinoisans believe that this is a good state to start a business. Not only do we have one of the most negative views in the nation, but it stands in stark contrast to booming states such as North Dakota and Texas, where more than 80...

Illinois private-sector payrolls fall by 5,400 as workers leave workforce

By Michael Lucci
06/20/2014
Illinois’ unemployment rate fell to 7.5 percent from 7.9 percent month-over-month, according to the Bureau of Labor Statistics’ most recent household survey. But there’s no reason to celebrate. Payroll jobs shrank by 2,600, with a loss of 5,400 private-sector jobs and an increase of 2,800 government jobs. The decline in the unemployment rate was driven...

TAGS: BLS: Bureau of Labor Statistics, unemployment