Commentary: The naysayers have it wrong. Illinois is the place to be for businesses. – Chicago Tribune*

A LionC electric school bus in the process of being assembled in the Lion Electric plant in Channahon on June 5, 2023.John Atkinson and Dan Seals of Intersect Illinois, a statewide economic development organization: "In fact, 382 companies relocated or expanded in Illinois in fiscal year 2023; that’s an average of more than one company every single day...Momentum is on our side, which is reflected in the 61% of Illinois’ small and midsize business owners who reported feeling optimistic about business in the region, according to a JPMorgan Chase survey — a figure that is notably higher than the 46% nationwide average."
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Tom Paine's Ghost
3 months ago

Boy. Rich Miller sure writes under a lot of aliases.

mqyl
3 months ago

It’s amazing what you can accomplish with taxpayer-funded incentives.

Editor
Nick Binotti
3 months ago

382 companies relocated or expanded in Illinois in fiscal year 2023

Considering Illinois’ GDP and massive size, it’s hard to tell if this is good without knowing how other states fared. The Intersect Illinois report doesn’t offer much in details.

208 companies relocated or expanded in Indiana in 2023. And the capital investment in Indiana was over 4 times greater than Illinois ($29B vs $7B). Considering Indiana’s GDP is less than half of Illinois, did Indiana outperform Illinois?

Riverbender
3 months ago
Reply to  Nick Binotti

I would like to add that it would also be interesting to see how much was caused by actual business expansion as opposed to assorted governmental incentive spending. A good example will be Pritzker’s Build Illinois bond program designed to throw money everywhere and sure to cause business expansion in unnecessary areas but at the same time create an even greater eventual hardship as the bond principal and interest are paid back. Once again, it is all about headlines.

JackBolly
3 months ago

Seems to be a disconnect with the reported employment rate. Can someone fill in the gap for me?

Ex Illini
3 months ago

Yes, businesses usually move to states that are stagnating at best, or losing population in reality.

Where's Mine ???
3 months ago

Atkinson & Seals are a couple of the GOOD carnival barkers!!

taxpayer
3 months ago

A cherry-picking article. For instance, they say Illinois ranks #5 in pre-K to grade 12 education. That indeed is USNWR’s published ranking (I haven’t tried to explore their method), and Illinois seems to rank much lower on everything else. https://www.usnews.com/news/best-states/illinois

debtsor
3 months ago
Reply to  taxpayer

Don’t forget that IL’s schools – which are mostly the Chicago area’s schools – are unique because we have small, segregated school districts that rely heavily on local property taxes. So we have these really good school districts* (New Trier, Stevenson, etc) that bring up our average school districts, whereas most states have larger, less segregated school districts. Top performing students in most school districts around the country tend to perform the same, but we have a lot of school districts full of top performing students, if that makes sense. * I know there’s the conversations that kids can’t read… Read more »

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