SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
CapitolFax.com
To subscribe to Capitol Fax, click here.
Today’s numbers are lousy

Thursday, May 8, 2014

* Chief Executive Magazine ranked Illinois 48th in the nation for business

Anti-growth hot mess can only coast on Chicago’s economic engine for so long.

And

Oof.

* Numbers…

State GDP

    % Growth ’11-’12: 1.9
    % Growth ’11-’12 v. Nat’l Avg. (2.5%): -0.6

Unemployment

    Unemployment Rate Dec. 2013 %: 8.6
    Comparison with Nat’l Rate (6.70%): 1.9

Domestic Migration

    Domestic Net Migration 2013: -67,313
    Rank: 49

State Government

    State Debt per Capita Fiscal Year ’13 ($): 5,569
    State & Local Gov’t Employees per 10k Residents: 503.1

Oy.

* But considering all the screaming about taxes, our state/local tax burden is pretty average

State-Local Tax Burden

    Rate (%): 10.2%
    Compared to Nat’l Avg. (9.9%): 0.34%

- Posted by Rich Miller        


74 Comments
  1. - drew - Thursday, May 8, 14 @ 10:53 am:

    After this winter, I’d knock off a couple stars for Living Environment too.

    If you’re a business, couldn’t you view a higher unemployment rate as a plus, since there’s more labor available?


  2. - MrJM - Thursday, May 8, 14 @ 10:55 am:

    “But considering all the screaming about taxes, our state/local tax burden is pretty average…”

    And that knowledge should inform one’s consideration of their many other concerns.

    – MrJM


  3. - Walker - Thursday, May 8, 14 @ 10:55 am:

    We’ve got big problems.

    Too bad many see lower taxes as the silver bullet.


  4. - Norseman - Thursday, May 8, 14 @ 10:55 am:

    Anyone surprised to hear the CEO’s trash Illinois. This is the story they want to push to get their way. Anyone want to check on what these guys.


  5. - Norseman - Thursday, May 8, 14 @ 10:56 am:

    Oops: “Anyone want to check on what these guys make.”


  6. - northshorecynic - Thursday, May 8, 14 @ 10:57 am:

    what is our ranking for corrupt political leadership?


  7. - Almost the Weekend - Thursday, May 8, 14 @ 11:00 am:

    This is from website:
    “California, Illinois, New York, Oregon and others do not have a viable long term strategy for achieving economic balance and therefore will only get worse. Other states such as Texas Florida and Arizona have a growing economy and reasonable rules and regulations and a positive attitude towards business. The former states are steadily declining into disaster territory such as Detroit. The other states will continue to become stronger and stronger. The difference will ultimately be similar to a productive and industrious northern Italy and a lazy unproductive southern Italy. Any attempt to force the productive states to subsidize the unproductive states will result in civil unrest.”

    I find it very ironic that these states mentioned are all welfare states, while Texas, Florida, Tennessee, Indiana, South Carolina, Arizona are all welfare states. How about Illinois gets their fair share of federal tax dollars back and then we won’t have a state deficit. It must be nice for states like Indiana to take our federal tax dollars and put them in their state government budget.

    For people who don’t believe me here is my sources

    http://www.businessinsider.com/red-states-are-welfare-queens-2011-8#!K50U1

    http://www.huffingtonpost.com/2014/03/26/republican-states-most-dependent-government_n_5035877.html


  8. - Bill White - Thursday, May 8, 14 @ 11:01 am:

    Too much regulation? Okay, what specific regulations need to be changed?

    Workers comp, sure, but overly generous medical pay reimbursement rates are a major driver of that and reducing those rates will reduce the profitability of the health care industry.

    Workforce quality? Does that mean “skilled” or “docile”


  9. - fed up - Thursday, May 8, 14 @ 11:02 am:

    Fixing the crazy Illinois workers comp laws would really help. Maybe just maybe fixing the schools


  10. - Milo - Thursday, May 8, 14 @ 11:03 am:

    Illinois minimum wage is already higher than the federal minimum. The state raised income taxes 67%. We have bills we can’t pay. So this should be the paradise that big spenders in Washington want for the rest of the US.
    What happened?!!!!


  11. - Demoralized - Thursday, May 8, 14 @ 11:03 am:

    ==Other states such as Texas Florida and Arizona have a growing economy and reasonable rules and regulations==

    I think I’ll pass on the Texas regulation model. I would prefer it if our fertilizer plants didn’t blow up and kill people.


  12. - Dan Johnson - Thursday, May 8, 14 @ 11:08 am:

    This post, in a nutshell, is the most frustrating part of our public debate on our business climate. We are an average-tax state. And yet lots of people continually say we are a high tax state. That perception gets baked in until people start to believe it — and, here’s the bad part — it then starts to impact investment decisions based on an incorrect belief that we are a high tax state.

    So I get some people have an interest in making the case that we have high taxes. But there are actual negative economic consequences to manufacturing a reputation that we are a high tax state that people should be accountable for. They — and maybe we — need to stop perpetuating the myth that we are a high-tax state, for the sake of our economic growth.


  13. - Secret Square - Thursday, May 8, 14 @ 11:09 am:

    “How about Illinois gets their fair share of federal tax dollars back”

    That might require building a few more major military bases (I suspect it’s probably too late to reopen Chanute at this point), establishing some new national parks, or maybe building a brand new NASA R&D facility a la Cape Canaveral, the Johnson Space Center or the Jet Propulsion Laboratory.


  14. - Ducky LaMoore - Thursday, May 8, 14 @ 11:10 am:

    Does it really surprise anyone that a publication dedicated to the heads of large corporations would prefer states that cater their policies toward them to the detriment of the people that live in those states?


  15. - Bill White - Thursday, May 8, 14 @ 11:10 am:

    @Dan Johnson

    “We needed to raze the village, in order to save it”


  16. - VanillaMan - Thursday, May 8, 14 @ 11:12 am:

    None of this is surprising. It is believable because it is what we’ve been hearing for over a decade. We are sliding, not climbing, as a state.

    In 2002 after Ryan, we had a shot to do something to bust out of our below-national-average malaise. To end corruption.

    We got Blagojevich and Quinn instead.

    Nope. Not surprised at all.


  17. - Birdseed - Thursday, May 8, 14 @ 11:13 am:

    == I think I’ll pass on the Texas regulation model. I would prefer it if our fertilizer plants didn’t blow up and kill people. ==

    Right. Illinois has successfully regulated away explosions and death.


  18. - Almost the Weekend - Thursday, May 8, 14 @ 11:13 am:

    Secret Square I totally agree the digital manufacturing hub in Chicago is a start, but pretty sure the GOP thinks Chicago only received the bid because it’s where Obama started his political career.


  19. - Louis G. Atsaves - Thursday, May 8, 14 @ 11:16 am:

    So we are to thank our lucky stars that Illinois is average when it comes to taxes? Since when is “average” a cause for celebration or a sigh of relief?

    Perceptions guide our decision making. We buy or rent homes in areas we perceive to be good towns, neighborhoods, schools. We purchase automobiles and appliances based on our perceptions that they are “good” or reliable instead of lemons. Everyone wants the best bang for their buck, not just average or mediocre. Our perceptions are thus pretty important in decision making.

    Perceptions by businessmen and CEO types about Illinois need to be taken seriously. Their perceptions too are pretty important.


  20. - Dan Johnson - Thursday, May 8, 14 @ 11:17 am:

    “How about Illinois gets their fair share of federal tax dollars back”

    One of the ways to do that is to shift our state taxes to those that are deductible from federal income taxes paid (so we end up sending less to DC and writing off more of our state taxes). Sales taxes are largely not deductible (in practice). Income taxes are, especially paid by higher income people (when the deduction is more valuable). So raising the income tax — and using a graduated rate — will result in us keeping more of our money in the state and sending less to DC, improving that ratio of federal taxes paid and spent in Illinois.


  21. - UIC Guy - Thursday, May 8, 14 @ 11:18 am:

    ‘Best for Business’ seems like a weird category. E.g. the unemployment rate here is higher than average. Is that good or bad for business? Presumably it’s bad for retail businesses, which need their customers to have jobs so as to have money to buy stuff. But if you were thinking of opening a small manufacturing business, selling the goods mostly out of state, it would be good to have lots of people wanting to jobs and so presumably willing to work cheap.


  22. - RonOglesby - Thursday, May 8, 14 @ 11:22 am:

    @Almost.
    Its a good argument. But the lots of fed money can be seen as soc sec and medicare payments. Florida a destination for all the retirees from the NE… You also have to look at border states that require an inordinate amount of $ for border control, services for undocumented, etc. Then of course military bases (army, airforce, nuke bases, etc) are located often near nothing (again southern or western states with lots of open space). And of course bigger western states have way more many miles of federal highways and highway rules than a smaller state (size wise)

    Looking at where to start an individual business (short of supporting a specific base/gov facility) generally has little to do with whether you think federal distribution of tax dollars is fair or not.


  23. - Sir Reel - Thursday, May 8, 14 @ 11:23 am:

    I suspect the taxes/regulation factor is mostly local taxes and regulations at all levels. Our State taxes are now middle of the road. So State regulations are an area to explore.

    Workforce quality is related to education. We know education in Illinois is on a downward trajectory. So that’s an area to explore.

    Living environment is probably a bunch of factors. It would be nice to know what makes up that criteria to see if it’s more than climate and topography which are beyond the State’s control, .

    Specific actions related to areas Illinois can improve is what’s needed. More rhetoric about taxes, corruption, etc won’t help.


  24. - PoolGuy - Thursday, May 8, 14 @ 11:29 am:

    same thing as their May 2013 state rankings. CEOs and Chief Exec mag are fixated on taxes, so our corporate tax rate has us near bottom. TX and FL are #1 and #2 last year and this year, they have no taxes. Shocking news…


  25. - Capo - Thursday, May 8, 14 @ 11:45 am:

    Illinois state and local tax rates may be average today but they won’t be for much longer. There is an inordinate amount of debt out there and that pesky little pension problem still has not been definitely resolved by the supreme court.


  26. - M O'Malley - Thursday, May 8, 14 @ 11:51 am:

    Interesting this study says we are slipping towards Detroit when I’ve recently received unsolicited letters from real estate brokers who want to buy my $400k condo, in Chicago.


  27. - Judgment Day (on the road) - Thursday, May 8, 14 @ 11:54 am:

    “Secret Square I totally agree the digital manufacturing hub in Chicago is a start, but pretty sure the GOP thinks Chicago only received the bid because it’s where Obama started his political career.”

    No. It’s because Chris Kennedy (U of IL), and a few others really pitched a fit, and got pols like Sen. Dick to wake up and get into the fight for the grant. Once the pols finally got serious, we were a player. But until then, we were just a nag taking up space on the track.

    Btw, it wasn’t just a one party effort.


  28. - M O'Malley - Thursday, May 8, 14 @ 11:56 am:

    @ronoglesdy. Your militay base argument is not correct, plently of bases near big southern cities, Little Rock AFB, NAS Corpus Christi, Randolph AFB, NAS Jax, etc.


  29. - Arizona Bob - Thursday, May 8, 14 @ 11:58 am:

    @ Sir Reel
    =We know education in Illinois is on a downward trajectory. So that’s an area to explore.=

    The NEA “Ranking and Estiimates” report for 2013 shows Illinois K-12 public education spending per pupil ranks about 14th among states, and our teacher salaries a disproportioately high 12th.

    Our student performance is about 24-26 according to the National Association for Educational Statisics, ranking us behind Texas despite spending about 30% more per student.

    We pay for filet mignon in education in Illinois, but only get hamburger with 30% fat.

    Until we deal with the structural spending and performance issues in Illinois public education, all our kids will be able to do in Illinois is pick corn and soybeans, while our “best and brightest” take off for Palo Alto, Austin, San Diego and Phoenix.


  30. - Judgment Day (on the road) - Thursday, May 8, 14 @ 12:07 pm:

    “Too much regulation? Okay, what specific regulations need to be changed?”

    You really want to make a difference? At least for small business? Take every single program administered by the IL Secretary of State under what they call “Business Services” and dump those regulations (along with their fees and fines, and crazy record keeping). Yeah, it will cost some bucks in lost revenue - but all that nonsense drives small business crazy, and small businesses get nothing back for it except pieces of paper saying “thank you for your money”.

    If you repeal the legislation backing that stuff, you’ll also reduce the SoS workforce. And you will make the life of startups easier.

    Will it be a ’short term’ money loser? No doubt. But if you want jobs, this just might be your best bet. b Unless you want to keep pushing $52 mil dollar ‘grants’ out there in election years that accomplish NOTHING USEFUL.

    What do you want to do? Because what we are doing currently sure isn’t working…..


  31. - Bobby Hill - Thursday, May 8, 14 @ 12:08 pm:

    I agree with Arizona Bob. I think he hits it out of the park.

    To quote Dan Johnson from higher in the thread “That perception gets baked in until people start to believe it — and, here’s the bad part — it then starts to impact investment decisions based on an incorrect belief…”


  32. - Demoralized - Thursday, May 8, 14 @ 12:09 pm:

    ==dump those regulations==

    That is really what businesses want. Zero regulations. Thanks, but no thanks.


  33. - Demoralized - Thursday, May 8, 14 @ 12:11 pm:

    ==and our teacher salaries a disproportionately high 12th.==

    How is it disproportionately high? Would you prefer we race to the bottom on salaries too?


  34. - Formerly Known As... - Thursday, May 8, 14 @ 12:13 pm:

    == That is really what businesses want. Zero regulations. Thanks, but no thanks. ==

    You don’t like mercury in your drinking water and a complete lack of worker safety protections?


  35. - Bigtwich - Thursday, May 8, 14 @ 12:21 pm:

    The net migration rate seems to be consistent over time. The census bureau numbers show the Average annual rate for Illinois to be –61,786 from 1990 to 2000 and –71,854 from 2000 to 2004.

    https://www.census.gov/prod/2006pubs/p25-1135.pdf

    Looking at some maps by County for 2007 to 2011 it looks like the counties of Champaign, Bloomington, DeKalb, Jackson, Kendall are thriving. In Indiana the real growth seems to be around the cities of Bloomington, Lafayette and Muncie. If it was not for Kendall I could detect a trend.


  36. - RonOglesby - Thursday, May 8, 14 @ 12:23 pm:

    ===
    == That is really what businesses want. Zero regulations. Thanks, but no thanks. ==

    You don’t like mercury in your drinking water and a complete lack of worker safety protections?
    ===

    Uh, generally the Sec. of State business services doesn’t deal with Water safety, do they? That is what he pointed to:

    “At least for small business? Take every single program administered by the IL Secretary of State under what they call “Business Services” and dump those regulations (along with their fees and fines, and crazy record keeping).”

    Arguing mercury in Water is simply nihilism. Like if you dont want to raise school taxes you are labeled as not wanting children education… Here if you want to dump bus services (or more likely consolidate them and remove a bunch) you want mercury in drinking water.


  37. - Bill White - Thursday, May 8, 14 @ 12:28 pm:

    @Judgment Day

    Do you mean burdensome tasks such as filing annual corporate reports? I think that is required in all 50 states.


  38. - Anonymous - Thursday, May 8, 14 @ 12:29 pm:

    if we have two states north and south illinois split at the illinois river we could get double funding


  39. - Steve - Thursday, May 8, 14 @ 12:30 pm:

    How can anyone believe this nonsense? Illinois is doing fine , we have Barack Obama and Dick Durbin. Too many jobs hurts the environment. We don’t want fracking here. The Koch brothers must be behind this survey. The Koch brothers run Chicago . Let’s have a 13% sales tax, not everyone is going to shop off the internet. Enough with this Republican propaganda.


  40. - Skeptical - Thursday, May 8, 14 @ 12:33 pm:

    Given the lack of critical thinking that often accompanies these agenda-driven reports it seems relevant to suggest one stop and think for a moment. Every report like this one is unequivocally agenda driven. One might think to ask themselves when reading these reports, what, exactly, is the underlying methodological assumptions that are driving these conclusions? Is it good, peer reviewed research? Is it data driven from respectable sources such as BLS, BEA, Census Bureau, NETS, D&B, etc.? Or, is it, as in the case of Chief Executive Magazine’s annual report a function of soliciting opinions? Here we have a dichotomy that to me seems rather obvious: on the one hand we have real research taking place; on the other hand we have a plethora of opinions that most likely do not map with reality. So, what does it come down to in the final analysis? It seems fair to conclude that we like to believe what we like to believe. If this were not the case, then we would bother ourselves to ask harder questions about claims being made as to what is true and what isn’t. As Rene Descartes points out in his Discourse on Method, “At last I will devote myself sincerely and without reservation to the general demolition of my opinions.”


  41. - A guy... - Thursday, May 8, 14 @ 12:39 pm:

    We’ve got a lot of work to do here.


  42. - Norseman - Thursday, May 8, 14 @ 12:42 pm:

    === Interesting this study says we are slipping towards Detroit … ===

    Let’s be clear, this is not a study. It’s a survey of CEOs.


  43. - Captain America - Thursday, May 8, 14 @ 12:54 pm:

    As bad as the business environment in Illinois has been, it actually could get a lot worse soon. Thus far, California’s bad policies and bad economy had prevented many from moving there, but now that California’s fiscal situation is less chaotic and there’s growing demand from the very influential business diversity to change policies, it means that if states like California, New York or others get their act together, even if Illinois does nothing different, we will lose more aside from what we are losing to places like Texas (which has seen the benefit of bad policy from Illinois, California, NY, etc).

    So, the ONLY way to save Illinois is to make it MORE attractive to do business. Otherwise, kiss the future buh-bye.


  44. - Formerly Known As... - Thursday, May 8, 14 @ 1:05 pm:

    == Arguing mercury in Water is simply nihilism. ==

    Granted. A bit too much for my own good there.


  45. - Demoralized - Thursday, May 8, 14 @ 1:12 pm:

    @Ron:

    I’m not sure what’s so onerous about the SoS business services division.


  46. - stand - Thursday, May 8, 14 @ 1:22 pm:

    Work Comp Costs — one of the highest in the country

    Liability Insurance Costs — one of the highest in the country

    Cost of to form an LLC — one of the highest in the country
    http://www.incorporatefast.com/filingfee.asp

    Gas Taxes — one of the highest in the country
    http://abcnews.go.com/Business/top-10-states-highest-gasoline-taxes/story?id=20093917#6

    and on, and on, and on…


  47. - Demoralized - Thursday, May 8, 14 @ 1:25 pm:

    ==Cost of to form an LLC — one of the highest in the country==

    I’m sure that outrageous $500 fee is preventing all kinds of LLCs from forming.


  48. - Judgment Day (on the road) - Thursday, May 8, 14 @ 1:26 pm:

    “Do you mean burdensome tasks such as filing annual corporate reports? I think that is required in all 50 states.”

    There’s a justification - NOT. We’re also 49th in this survey (next to last). The goal is ‘not to be there’. So, when in doubt, do something different. What have we got to lose?

    ———

    “I’m not sure what’s so onerous about the SoS business services division.”

    For big business, not so much. For small business, it’s a pain. And if you are a small business, you get nothing back that is useful. They (SoS) nickel and dime you at every turn, and more importantly, it eats up time. And for small business, that’s valuable.


  49. - Bill White - Thursday, May 8, 14 @ 1:31 pm:

    @Judgment Day

    I support reducing the LLC filing fee from $500.

    Other than that, what other SoS requirements are excessively burdensome?


  50. - stand - Thursday, May 8, 14 @ 1:35 pm:

    @ Demoralized
    -I’m sure that outrageous $500 fee is preventing all kinds of LLCs from forming-

    My God! Really! It’s called death by a thousand cuts. Or, Illinois death by a million cuts. And yes, $500 is onerous to a start-up that may not may money for a year or two. It’s just $500 here, $1800 filing fee over here, BS business license fee over there. Wake up man! Your attitude is exactly why this state is failing.


  51. - Demoralized - Thursday, May 8, 14 @ 1:37 pm:

    ==And yes, $500 is onerous to a start-up that may not may money for a year or two==

    Dude, if that’s keeping you from forming an LLC then you probably shouldn’t be thinking about it in the first place.

    As I said, the goal is to eliminate all fees and regulations. Just be honest about it.


  52. - Formerly Known As... - Thursday, May 8, 14 @ 1:42 pm:

    == The census bureau numbers show the Average annual rate for Illinois to be –61,786 from 1990 to 2000 and –71,854 from 2000 to 2004. ==

    More recent data shows that we were actually making progress in this regard between 2004 until 2011.

    Year Net Domestic Migration
    2005 -84,933
    2006 -74,809
    2007 -53,878
    2008 -53,045
    2009 -48,249
    2010 -13,576
    2011 -70,342
    2012 -73,473
    2013 -67,313


  53. - Formerly Known As... - Thursday, May 8, 14 @ 1:51 pm:

    The numbers in that Q-C Times piece appear to differ from the Chief Executive Magazine article and the University of Texas A & M numbers at www.recenter.tamu.edu/data/pop/pops/st17.asp

    Not sure why, but it looks like the Q-C piece might have been using Census numbers that run from July 2012 - July 2013, while the others may use Census numbers that run from December - December.


  54. - RonOglesby - Thursday, May 8, 14 @ 2:10 pm:

    @Demo
    “I’m not sure what’s so onerous about the SoS business services division.”

    I didnt bring up Bus Services. Someone else did and your response was a nihilistic argument.
    They are but one of the government agencies here that take yet another dollar for this, and that, a few more here and there. They are a good example of fees, and questionnaires, and waiting for replies from them for very little return.

    Again. not wanting to have death by 1000 cuts, doesnt mean I want mercury in the drinking water or no regulations. But your argument seems to be either we have what we have today, OR fertilizer plants blow up all over, mercury in the drinking water, and the state collapses in anarchy. There is an in between and Illinois is no where near the middle.


  55. - stand - Thursday, May 8, 14 @ 2:14 pm:

    @RonOgleby

    You nailed it.

    @Demo

    Can we have a reasonable discussion without all the extremism?


  56. - Demoralized - Thursday, May 8, 14 @ 2:27 pm:

    ==Someone else did and your response was a nihilistic argument.==

    Wasn’t my response. And I missed the quotations in your response. I was asking a serious question in any event.

    ==Can we have a reasonable discussion without all the extremism?==

    Certainly. I find nowhere that I was being extreme.


  57. - Wally - Thursday, May 8, 14 @ 2:28 pm:

    I think we all know the National unemployment is nowhere close to 6.7% or 6.4% or whatever they claim.


  58. - stand - Thursday, May 8, 14 @ 2:41 pm:

    @Demo

    -As I said, the goal is to eliminate all fees and regulations. Just be honest about it.-

    Jumping from the cost of filing for an LLC to the statement you made above IS extreme.


  59. - Demoralized - Thursday, May 8, 14 @ 2:48 pm:

    @stand:

    I was making snarky statement for effect. Many complain about fees and regulations. I want to know why the ones “we” complain about are so bad. I have no idea all the things the SoS business office does. I know I can go there to find out if a corporation is registered and in good standing and I know I paid them when I needed a blessing to be a notary so I could sign a sheet saying that you are who you say you are. Tell me what is acceptable. That’s all.


  60. - M O'Malley - Thursday, May 8, 14 @ 2:50 pm:

    $500 is pretty cheap to protect your personal assets if your business kills somebody due to your negligence.


  61. - stand - Thursday, May 8, 14 @ 3:12 pm:

    @Demo

    I listed 6 burdens on small businesses that are among the highest in the country. There are many more. How about you find me some areas where Illinois government is friendly to small businesses versus the other 49 states?


  62. - liandro - Thursday, May 8, 14 @ 3:28 pm:

    Did another of my comments get blocked, Rich? I noticed my comment on the Latino legislators voting against Quinn’s “anti-violence” program was blocked yesterday, too?


  63. - Demoralized - Thursday, May 8, 14 @ 4:09 pm:

    ==I listed 6 burdens on small businesses that are among the highest in the country.==

    Sorry, but you haven’t convinced me a $500 fee for LLC registration is a burden.

    ==How about you find me some areas where Illinois government is friendly to small businesses ==

    I don’t know what a small business would consider “friendly.” Maybe I wasn’t far off the mark with my no regulations quip based on your comments.


  64. - Demoralized - Thursday, May 8, 14 @ 4:12 pm:

    Also, @stand, you mentioned gas taxes. I don’t think our gas taxes are high enough based on the work I see that needs to be done to our roads.


  65. - RonOglesby - Thursday, May 8, 14 @ 4:18 pm:

    @Demo

    I would say the condition of our roads and the amount of taxes generated on gas have a pretty big disconnect in this state. Somehow some of our surrounding states have some pretty decent roads and equivalent or less revenue from gas.

    THe solution is often not always more tax revenue.


  66. - RNUG - Thursday, May 8, 14 @ 4:55 pm:

    - Captain America - Thursday, May 8, 14 @ 12:54 pm:

    I have a friend with a number of small businesses in California and it is just plain awful on a lot of fronts, including regulation and taxation. He’s learned to adapt to it, but it does lead to some different operational practices. If his business didn’t require geographic proximity, he would be in another state. Given what I know about his problems, California is one of the last places I would be looking to emulate.


  67. - stand - Thursday, May 8, 14 @ 4:57 pm:

    @Demo

    Run the cost of opening a business in Illinois vs. Indiana. Because of regulations, your work comp and liability insurance might be double — or more. You might pay “fees” that other states don’t charge. Ever hear of a “environmental protection control” fee? Your property taxes could be double (or higher if you are in Cook County). And yes, your gas will be higher. You probably don’t know that all our gas taxes aren’t going to the roads. You’ll pay more in sales taxes. and on, and on, and on.


  68. - Dan Johnson - Thursday, May 8, 14 @ 5:01 pm:

    Well, there is legislation to reduce that LLC fee (SB2776) from $500 (highest in the nation) to $39 (lowest in the nation). It passed the Senate and is in the House Revenue and Finance Committee now. Hopefully it is called for a vote next week.

    That would be a specific, concrete helpful step for entrepreneurs.


  69. - Cod - Thursday, May 8, 14 @ 5:15 pm:

    So the worst states for CEOs are the ones they flock to, where they earn the highest incomes, where they build their mansions: California, New York, Illinois, Massachusetts, Connecticut.

    This is some sort of joke, right?


  70. - Demoralized - Thursday, May 8, 14 @ 5:23 pm:

    @stand:

    Also, count me as jaded that this comes from a CEO magazine. Granted I’m stereotyping the CEO here, but I don’t have too much sympathy for a bunch of multi-million dollar salary making CEOs.

    Also, did you look at the link? Did you see the nonsense quotes from CEO’s? Anti-growth hot mess? Working with conservative states is easier? It’s like looking at a Republican Party press release. It’s hardly objective.


  71. - SO IL M - Thursday, May 8, 14 @ 5:31 pm:

    I have read thru all these posts and see that things in this State are great! That all the other States that are growing while we aren’t is hogwash because what Illinois does is the only way! That we are well on our way to that Progressive Utopia that has been dreamed about, and nothing will stop us now! That the only way to fix the problems in Springfield is to send them more money! That the people who have left this State and the revenue lost because they did does not matter a bit! That we shouldn’t try to grow the population and the number of jobs, heck we just need to tax those who are creating revenue! Who cares what other States do, Springfield needs our money and fast!


  72. - stand - Thursday, May 8, 14 @ 5:35 pm:

    @Demo

    If you are jaded, then just look at the facts of the 6 major issues I raised — and there are more. Ignore the article but understand that this state is extremely unfriendly to small businesses. Small businesses are the ones that can go through hyper-growth. It’s easier for several SB’s to go from 1 employee to 10, than one biggie to go from 1000-10000. Imagine if you were a part-time SB who only expected his sales to be $10000 the first year with $5000 in profit. That $500 LLC fee is 10% of your earnings! We should make things easier for budding entrepreneurs,not harder. They help society by creating minimally 1 job.


  73. - Howard - Thursday, May 8, 14 @ 6:23 pm:

    48th isn’t really that bad.


  74. - wordslinger - Thursday, May 8, 14 @ 7:42 pm:

    Here’s the state of “business journalism” in some circles.

    Crain’s has a bizarre story that Walgreens is looking to move it’s corporate hq from Deerfield to the old rat-trap Main Post office over the Congress downtown.

    There is not one attributed source in the story. Not by name. Not even anonymously.

    How is that journalism? Who would believe such a stupid story?

    And who are the chowderhead editors at Crain’s who would even print such unattributed nonsense as news? Are there no standards?

    Here’s some real news: Walgreens has a swell corporate campus on Wilmot and Lake Cook roads in Deerfield.

    They’ve poured millions into renovating it in recent years. adding amenities such as on-site day care, health club, and a sweet cafeteria.

    The old Main Post office is an asbestos-filled firetrap. There’s a reason its been empty forever. The location is terrible, there’s no parking, and it’s a crummy dump not worth spending a penny on.

    How did Crain’s buy this stupid story? Where is their news judgement?

    http://www.chicagobusiness.com/article/20140508/NEWS02/140509782/walgreen-looks-to-move-hq-to-old-main-post-office


Sorry, comments for this post are now closed.


* Reader comments closed until Sunday afternoon
* *** UPDATED x1 - AFSCME responds *** Rauner: No
* Deal emerges on medical marijuana
* Stop ComEd/Exelon's $7 BILLION Rate Hike!
* *** UPDATED x1 *** Rep. Phelps counters HGOP robocalls
* *** UPDATED x1 *** Oops!
* "The safety net continues to crumble around us"
* "Picking the pockets of poor people" and stiffing the wrongfully convicted
* Radogno rips into the Democratic leaders
* Cullerton says he offered "practical way forward"
* Republican legislators want Rauner, AFSCME to restart talks
* *** UPDATED x1 *** Two non-scandals and a potentially serious one
* Rauner budget director to brief reporters at noon
* *** UPDATED x3 - Emanuel responds "Rauner Tax" - Rauner issues veto today *** Rauner expected to veto police and fire pension bill on Memorial Day
* "I have zero confidence that Springfield will get its act together"
* *** UPDATED x2 - Rauner audio *** Rauner to comment on collapse of negotiations
* Unclear on the history
* *** UPDATED x2 - Madigan: "No hostage-taking" - Talks collapse as Dems pull the plug *** Madigan likely to speak after leaders meeting
* SUBSCRIBERS ONLY - Supplement to today’s edition
* *** LIVE *** Session Coverage
* SUBSCRIBERS ONLY - Today's edition of Capitol Fax (use all CAPS in password)
* Yesterday's blog posts

Support CapitolFax.com
Visit our advertisers...

...............

...............

...............

...............

...............

...............

...............

...............


Search This Blog...

Search the 98th General Assembly By Bill Number
(example: HB0001)

Search the 98th General Assembly By Keyword

  
* Nexus owners may soon get unlimited backup for original quality content using Google Photos
* Sony US shows off the Xperia X series in new videos
* Jawbone sells fitness tracker inventory to avoid losses
* Should all accessories have their own data?
* ZTE is entering the retail store space with several stores in China
* Sony Xperia X marketed on US YouTube account
* Google Daydream VR issues, Galaxy S7 deals & more – Pocketnow Daily

* White Sox can't hang on in 9th against KC
* White Sox can't hang on in 9th against KC
* White Sox can't hang on in 9th against KC
* Hit in 57 games, win $5.6 million
* Melky's slam isn't enough to flatten Royals
* Melky mashes mistake for third career slam
* Melky's slam isn't enough to flatten Royals

...............


Main Menu
Home
Illinois
YouTube
Pundit rankings
Obama
Subscriber Content
Durbin
Burris
Blagojevich Trial
Advertising
Updated Posts
Polls

Archives
May 2016
April 2016
March 2016
February 2016
January 2016
December 2015
November 2015
October 2015
September 2015
August 2015
July 2015
June 2015
May 2015
April 2015
March 2015
February 2015
January 2015
December 2014
November 2014
October 2014
September 2014
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
April 2013
March 2013
February 2013
January 2013
December 2012
November 2012
October 2012
September 2012
August 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
April 2005
March 2005
February 2005
January 2005
December 2004
November 2004
October 2004

Blog*Spot Archives
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
May 2005

Syndication

RSS Feed 2.0
Comments RSS 2.0
WordPress

Loading


* IL legislation would allow amateur pay up to $1.....
* Illinois needs serious, long-term budget fix – .....
* Rauner vetoes plan to reduce Chicago pension pa.....
* Supporters Cheer Bruce Rauner's New Stance On M.....
* Medical marijuana advocates applaud Rauner's su.....


* Illinois budget chief: 2nd year without deal 'devastating'
* 7-year-old Chicago girl dies in tractor accident
* Illinois budget negotiations appear to be going nowhere
* Drew Peterson's defense rests after calling 3 witnesses
* NBC's 'Red Nose Day Special' raises $30M for kids' charities
* Judge OKs copyright settlement over Vivian Maier photos
* Fatal carjacking suspect killed near St. Louis is identified
* Activist sues over denied deferred deportation renewal
* Runner dies after collapsing during 3.5-mile Chicago race
* Former Pinckneyville bookkeeper sentenced in fraud case

* Medical marijuana advocates cheer Illinois governor's expansion of pilot program
* GOP accuses Dems of pulling plug on negotiations; state budget approval chances seem slim
* Some House Republicans call for Rauner to resume talks with AFSCME
* Senate sends 2 more school funding revamps to House
* Bill to raise age for buying cigarettes stalls in House
* Rauner vetoes plan to reduce Chicago pension payments
* Senate sends 2 more school-funding revamps to House
* Illinois youth corrections director resigns
* Senate sends 2nd school-funding revamp to House
* Republicans: Democrats have 'pulled the plug' on turnaround agenda talks

* Women's work? Nonprofit CFO
* West Loop transformation
* Helping Exelon's at-risk nukes helps everybody
* Here's your chance to buy that empty prison
* Can millennials revive Walter E. Smithe?


* BROWN: Oak Park woman faced tax hit on home over budget standoff
* Intruders breach U.S. airports’ security about once every 10 days
* Free Metra rides for kids under 11 Memorial Day through Labor Day
* Two shot, wounded during robbery in East Garfield Park
* Chicago turns out for Memorial Day parade
* Musician, West Side activist Boyse Edwards dead at 67
* Real Madrid wins Champions League in 5-3 penalty shootout
* 5-year-old boy falls from 6th floor window in Des Plaines
* Woman dies after Forest Park crash
* Royals score seven in ninth to stun White Sox


* Reluctant heroes in Aurora surprised with Quilts of Valor
* Fox Valley mom's battle against synthetic marijuana nears climax
* Multi-faceted Royals out to continue baffling the sabermetric systems
* Shootings leave 1 dead, 3 injured on West, South, Far South Side
* Cubs manager Joe Maddon on Kyle Hendricks
* Mother of girl slain on Lake Shore Drive: We planned to move out of Chicago
* Mike Madura steps up for Munster; Lowell also advances in sectional
* Saturday's recap: Royals 8, White Sox 7
* Cincinnati Zoo kills gorilla to protect small child who fell into enclosure
* Tom Szczasny's two-run homer takes Lincoln-Way North to regional title


* Medical marijuana advocates cheer Illinois governor's expansion of pilot program
* GOP accuses Dems of pulling plug on negotiations; state budget approval chances seem slim
* Some House Republicans call for Rauner to resume talks with AFSCME
* Senate sends 2 more school funding revamps to House
* Charles Krauthammer: The arrow of history
* David Orr: Automatic Voter Registration makes government more efficient
* Bill to raise age for buying cigarettes stalls in House
* Rauner vetoes plan to reduce Chicago pension payments
* Illinois youth corrections director resigns
* Senate sends 2nd school-funding revamp to House


* Troy Gentle's top Indianapolis 500 moments
* Peoria High Class of 1966 will reunite at Dozer Park
* Moss Avenue Upscale Porch Sale will be weekend of June 4-5
* Shots fired in north Champaign early Saturday
* HS 2A Softball Sectional: Unity vs. SJO
* PODCAST: Saturday SportsTalk 05-28-16
* Coffee with the Plant Experts 05-28-16
* PODCAST: The Roofing Dog 5-28-16
* PODCAST: Terri Reifsteck with Visit Champaign County 5-28-16
* PODCAST: Daniel E. Holder & Associates 5-28-16


* Hendricks barely misses shutout
* Baseball: Benet, Montini advance
* Baseball: Cook, Lake Park beat Willowbrook in ninth
* Softball: Burlington Central wins 3rd straight regional
* Softball: St. Charles North edges Lake Park for regional title

* House lawmakers overcome hurdle on key tra...
* Rodney Davis talks funding with Bloomingto...
* The agency that fought Illiana gets a new ...
* Rep. Dold takes educational cruise down Ch...
* Lawmakers decry high turnover rate of VA h...
* CBD Oil, and politics
* Simon considering state Senate bid
* Killer Congressman Tom MacArthur trying to...
* Shutdown? State may not notice
* Rep. Bob Dold

* Senator Durbin Statement on TSA Security D......

* Defence sales: US Senate may vote to bring......

* "Chicago's Best" To Film At La Ciudad On June 7th
* World Gym To Become Uptown Fitness
* We Are One Illinois’ statement on the “consideration model”.
* Michael Mulgrew’s moral victory.
* Rauner Claims Springfield Dems no Longer Scared of Madigan
* A License to Vote
* Memorial Day Tribute | Mansions of the Lord
* A License to Vote?
* IPI criticizes my art.
* Halabi looks at the UFT election numbers.


* Emergency Management Officials, National Weather Service Encourage Winter Preparedness - November is Winter Weather Preparedness Month in Illinois
* Keep Your Family Safe This Winter - November through February are leading months for carbon monoxide related incidents
* Governor Takes Bill Action
* Illinois Department of Labor Director Hugo Chaviano Awards Governor’s Award for Contributions in Health and Safety to the Illinois Refining Division of Marathon Petroleum Company LP
* State Regulator Elected Treasurer of Interstate Medical Licensure Compact




Hosted by MCS -- CapitolFax.com Privacy Policy -- SUBSCRIBE to Capitol Fax -- Advertise Here -- Mobile Version -- Contact Rich Miller