A survey by the small business network Alignable found that 58 percent of small businesses in Illinois earn less now than last year, an increase of 7 percent from the month before.
I can vouch for that. Our order value in 2024 is down over 30%, but we anticipated this based on the economic outlook. By streamlining costs, developing innovative services, and reducing staff, we will survive this year, though we don’t expect improvement next year. Despite what politicians claimed at the DNC, regulations and taxes make doing business in Illinois more difficult and less profitable than in surrounding states.
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.
I can vouch for that. Our order value in 2024 is down over 30%, but we anticipated this based on the economic outlook. By streamlining costs, developing innovative services, and reducing staff, we will survive this year, though we don’t expect improvement next year. Despite what politicians claimed at the DNC, regulations and taxes make doing business in Illinois more difficult and less profitable than in surrounding states.