* Adam Pollet, director of the Illinois Department of Commerce and Economic Opportunity…
“You can go back 10 years; the net change in employment due to relocation is less than one-10th of a percentage point,” he said Thursday. “We can get caught up in a lot of ‘How do we compete with other states?’ for a zero-sum gain.’’ […]
According to an Illinois Innovation Index report issued last year, the state had a net gain in employment in 2012 through relocation but lost slightly more companies than it attracted. Companies that relocated to Illinois were larger on average than those that left, resulting in a net increase of more than 1,400 jobs in Illinois — relatively small compared with the state’s employment base of nearly six million, the report said.
A total 275 businesses with a combined 7,957 employees moved to Illinois in 2012, while 283 companies with a total of 6,542 employees left the state.
That same year, entrepreneurs created 22,351 new businesses in metropolitan Chicago; but the share of new enterprises, 0.048 percent of the 470,096 businesses overall, was slightly below other metro areas, the report said.
(The Houston area had 22,521 business starts out of 352,764 businesses – 0.064 percent; the Dallas area had 19,521 business starts out of 316,981 businesses – 0.062; the New York area had 29,125 starts out of 526,104 businesses – 0.055; and the Los Angeles area had 35,984 starts out of 578,008 businesses – 0.062.)