It’s hard not to notice the disappearance of Illinois’ manufacturing sector. Anyone driving through the outskirts of Peoria can witness the closed buildings and half-abandoned neighborhoods. Cities all across Illinois have seen a similar story unfold. Illinois’ manufacturing base has been in decline, losing over 130,000 manufacturing jobs in the past decade. Even during the past...
Forbes released this week its Best States for Business 2013 index. Illinois held onto its 2012 rank of the 38th-best state for business. The study scores all 50 states using 35 data points that are boiled down to six main categories. Illinois’ ranks generally fall in the mid-to high-30s out of the 50 states, with the exception its...
The story of two entrepreneurs who are disrupting the status quo in Illinois and nurturing a stronger business environment.
ix months ago, Illinois overtook California to become the state with the second-highest unemployment rate in the nation, behind only Nevada. It hasn’t budged since. Today’s release from the Bureau of Labor Statistics details yet another month of stalled unemployment numbers for Illinois. The state’s August unemployment rate remained at 9.2 percent – 1.9 percentage...
Tomorrow, Illinois is likely to celebrate its six-month anniversary of having the second-highest unemployment rate in the nation. That’s when the Bureau of Labor Statistics, or BLS, releases its Regional and State Employment and Unemployment report for August. In the meantime, the Illinois Department of Employment Security, or IDES, pre-released some of the BLS data...
Illinois and Chicago are riddled with many regulations, laws and licensing requirements that are unnecessary and anti-growth in nature. Politicians often claim to pass these laws in pursuit of a favorable business climate; but the result is often the opposite. Illinois’ economy is struggling. The state has the second-highest unemployment rate in the nation at 9.2...
Dimitri has found that investing in good people makes the difference in an industry where the customer experience matters.
The total number of Illinoisans on food stamps increased to nearly 2.15 million in June. One-sixth of Illinoisans, or 16.7 percent, are enrolled in the Supplemental Nutrition Assistance Program, or SNAP. More than 100,000 people were added to the SNAP rolls in June. This is an artificially high number resulting from disaster-response programs deployed in...
The Bureau of Labor Statistics announced today that the national unemployment rate edged down in August to 7.3 percent, down from 7.4 percent one month earlier. Non-farm payroll employment rose by 169,000. Unemployment decreased by 193,000, leaving the total number of unemployed Americans at 11.3 million in August. But there are many Americans suffering from...
Last week, Judge Rebecca Foley of the McLean County Circuit Court issued an order striking down a Bloomington ordinance that prevented new competitors – including the Liberty Justice Center’s client, Julie Crowe – from offering vehicle-for-hire services in the city. Today, the Bloomington Pantagraph reports that the city will not appeal the judge’s decision and will not stand in Julie Crowe’s...
The Chicago Tribune ran a front-page story lamenting Mayor Rahm Emanuel’s failure to eliminate food deserts in Chicago. A food desert is an area in which residents allegedly lack easy access to supermarkets that offer fresh produce. The exact definition varies depending on who you ask and when – the city used to consider areas without a...
Should a city government be allowed to stop someone from starting a business just to protect established companies from competition? Should a city official be allowed to deny someone a license to start a business just because the official doesn’t consider the new business “desirable”? Until this week, the city of Bloomington had a law...
Almost all metropolitan areas across Illinois saw an increase in their unemployment rate in July. According to the latest seasonally adjusted unemployment numbers from the U.S. Bureau of Labor Statistics, eight of Illinois’ 10 Metropolitan Statistical Areas, or MSAs, saw their unemployment rates increase. The only region to experience a drop was Chicago, while the...
Much to the delight of many Chicago beer enthusiasts, the city’s craft beer market has grown in recent years. New Chicago breweries such as Revolution Brewing, Half Acre Beer Company and PipeWorks Brewing are making inroads on traditional brewers. The craft beer revolution is taking root throughout the rest of the state as well. Rolling Meadows Brewery in Springfield and Destihl Brewery in Bloomington...