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Illinois economy

This category contains 10 posts

Will Illinois Renew Enterprise Zones Set to Expire Next Year?

(Springfield, IL) – February 27, 2012. Remember Enterprise Zones? They are a Reagan-era economic development scheme which have proven themselves, unlike other Reagan economic theories, to be effective in Illinois. The state has dozens and dozens such zones. And seven are set to expire next year. That expiration has set off a bi-partisan scramble in … Continue reading »

Illinois Business Group Praises Gov. Pat Quinn’s OK of Bill to Streamline Environmental Permitting

(Chicago, IL) — July 12, 2011. Governor Pat Quinn today signed legislation that streamline the environmental permitting process in Illinois for Illinois businesses, drawing praise from Illinois’ top manufacturing group. “Simplifying and speeding up the review process for environmental permits will help Illinois companies begin hiring, investing and producing more quickly,” said Quinn. Sponsored by … Continue reading »

John Cullerton, Christine Radogno Say Caterpillar, Others Claim Illinois Business Climate Is More than Illinois Taxes

(Springfield, IL) — March 29, 2011. Illinois recent jump in income tax across the board is getting a lot of attention after the leader of Caterpillar Corp. says other states are wooing him to relocate. Continue reading »

Wisconsin Governor Scott Walker Kisses Good-Bye to Business Investment in Illinois

(Springfield, IL) – January 28, 2011. GOP Wisconsin Governor Scott Walker kissed good-bye to an investment by American Aluminum Extrusion Co, based in Beloit, Wisconsin, which will open a new $7.5 million manufacturing facility in Roscoe, Illinois. Continue reading »

Chicago-based Groupon Gets $3.5 Million Grant from Gov. Pat Quinn to Hire 250 New Employees

(Chicago, IL) — October 19, 2010. Governor Pat Quinn today announced a $3.5 million business investment package to create 250 new jobs at Chicago-based Groupon, Inc., the nation’s leading social shopping website, offering daily deals on local goods, services and cultural events. Continue reading »

Lou Lang: Illinois Minimum Wage Hike for 400,000 Workers, 70,000 New Jobs Boost Illinois Economy, Governor Pat Quinn

Guest Column by House Deputy Majority Leader Lou Lang (D-Skokie) (Skokie, IL) — July 20, 2010. The Illinois economy has recently generated some welcome news on a couple fronts for both Illinois workers and Governor Pat Quinn. First, the Illinois minimum wage increased to $8.25 an hour on July 1, after increasing to $8.00 only … Continue reading »

Governor Pat Quinn Signs Ill-Starred STAR Bonds Bills to Boost Southern Illinois Economy

(Marion, IL) — June 24, 2010. Governor Pat Quinn today signed a bill into law to establish a business development tax credit and controversial commercial construction bonds to bolster Southern Illinois’ economy, which has seen unemployment range from 12 to 15 percent during 2010. The legislation, Senate Bill 2093, will create the Angel Investment Tax … Continue reading »

Illinois Research and Development Tax Credit Gets Pat Quinn’s OK

(Chicago, IL) — June 24, 2010. Governor Pat Quinn yesterday signed legislation which extends a key research and development tax credit for Illinois businesses which secured plaudits from the Taxpayer’s Federation of Illinois. “With this new law, we are encouraging more companies to invest in Illinois – and the Illinois worker – by creating an … Continue reading »

Illinois Jobs: Governor Pat Quinn Rolls-Out New Jobs Program to Put 15,000 Unemployed to Work

(Chicago, IL) — April 26, 2010. Another day, another jobs program gets rolled-out by Governor Pat Quinn. Today, Quinn unveiled the Put Illinois to Work program, an anti-poverty program aimed at building a healthy workforce by putting 15,000 unemployed and underemployed Illinois residents back to work. “The program will also assist in building a workforce … Continue reading »

Illinois Economy: Illinois Job Loss Continues, Poses Stiff Challenge to Pat Quinn in Election Battle against Bill Brady

(Chicago, IL) — April 2, 2010. The Illinois job market continued its downward slide in February battering Illinois communities and posing a stiff challenge to Governor Pat Quinn‘s election campaign against State Senator Bill Brady (R-Bloomington). Unemployment rates rose above previous-year levels in all 12 metro areas for the 33rd consecutive month, according to data … Continue reading »

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