Chicago sees rise in entrepreneurs despite job losses, closed businesses – ABC7 (Chicago)

Whatever the reason, those motivated to branch out on their own during that pandemic are in good company. In the last 12 months, new business applications are up 27% across the U.S. and up 61% in Illinois.
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Fed Up Taxpayer
5 years ago

As a small business owner, “entrepreneurship” was mostly likely caused by layoffs and not by choice. We are not seeing companies jump back into business and many are still on skeleton staff (thanks Lightfoot.) Unless you are making $50 paper masks in IL – it is hard to get any business going.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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