Illinois lost 218 businesses to other states in 2023, part of an acceleration to triple the rate of what losses were before the pandemic. When adjusted for population, Illinois ranked No. 2 for the most business losses
More and more businesses are going to leave. Taxes make them uncompetitive in the national market place. The HUGE PENSION obligation is only growing larger and larger. No hope for Illinois taxes doing anything but going much higher. The public sector has destroyed Illinois for generations to come.
Giles Caver
9 months ago
“Illinois lost 2,616 businesses to other states from 1994-2023, data from the Bureau of Labor Statistics shows. For most of that time, the average loss was 65 businesses per year. The rate started accelerating significantly in about 2017 and has tripled since the pandemic.”
Would the last employer to leave please turn out the lights?
mqyl
9 months ago
The IL pols have been in deep thought about how to reverse this trend. One solution may be to increase taxpayer subsidies to keep businesses in IL.
We have the finest financial minds available to run our state.
The Railroader
9 months ago
These are JB the Hutt’s “success stories”. Praise be to the Hutt.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
More and more businesses are going to leave. Taxes make them uncompetitive in the national market place. The HUGE PENSION obligation is only growing larger and larger. No hope for Illinois taxes doing anything but going much higher. The public sector has destroyed Illinois for generations to come.
“Illinois lost 2,616 businesses to other states from 1994-2023, data from the Bureau of Labor Statistics shows. For most of that time, the average loss was 65 businesses per year. The rate started accelerating significantly in about 2017 and has tripled since the pandemic.”
Would the last employer to leave please turn out the lights?
The IL pols have been in deep thought about how to reverse this trend. One solution may be to increase taxpayer subsidies to keep businesses in IL.
We have the finest financial minds available to run our state.
These are JB the Hutt’s “success stories”. Praise be to the Hutt.