News that Wrigley has started producing Skittles in Illinois has many excited – until they learn just how much Illinois gave in tax incentives to lure 75 new jobs.
“I started my barbershop in 1962. I’ve been cutting some customers’ hair for over 50 years. “When I started there were a lot of German immigrants who were buying small summer homes here. And this is where they retired. Now those same people come into the shop and all they talk about is their property-tax...
The most recent Illinois WARN report shows 1,300 mass layoffs in May, including 513 layoffs in the manufacturing sector, up from 450 large-scale layoffs and six manufacturing layoffs in April.
If Chicago wants to alleviate poverty and economic inequality, the city needs to reform its zoning laws to allow more building – not institute a new tax on development.
There’s a reason new facilities aren’t being built in Illinois: In too many cases a business investment in Illinois doesn’t make financial sense unless Illinois taxpayers are paying for a chunk of the project. This system isn’t good for businesses, or for workers and unions that are losing jobs. Until Illinois makes the broad tax and regulatory reforms needed to compete for blue-collar jobs, businesses are going to keep expanding elsewhere or asking for tax breaks to come here.
Three women from Chicago’s West Side are beating the odds.
As Chicago’s population shrinks, Houston is set to overtake the Windy City as the third-largest city in America. Illinois’ slumping economy is a major reason for that, but the cities’ different zoning rules show how regulations can promote growth – or stifle it.
Nearly 25 percent of Illinois’ workforce requires government permission to work.
Amazon’s new Joliet, Ill., facilities will bring needed jobs to the state, but special tax deals are not the way to improve Illinois’ sluggish jobs climate.
The case against Facebook under Illinois’ Biometric Information Privacy Act raises questions about the protection of people’s most personal data, as well as the possibility of an explosion of lawsuits against companies that use certain biotechnology.
Despite calls for more time, the mayor flexed his muscle to increase taxes on short-term Airbnb rentals to over 21 percent.
A new report from the Illinois Department of Employment Security shows Illinois gained 5,400 jobs in April, but the state’s unemployment rate ticked up to 6.6 percent, tied for highest in the U.S.
Illinois physicians can sell “repackaged” pills at exorbitant markups, averaging between 60 percent and 300 percent.
The franchise tax is complicated and confusing, and compliance wastes the time and economic resources of Illinois’ businesses.