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* The state’s gigantic drop in weekly unemployment applications has barely registered on the state’s media radar. But here’s a bit more good news from Greg Hinz…
Illinois usually comes out near the bottom of multi-state surveys on business conditions, with concerns over taxes, pensions and related matters rising to the fore. But a report out today suggests that the state is extremely well positioned to recover from the COVID-19 pandemic in a critical area: small business.
According to a study by WalletHub, a personal finance website, small businesses in Illinois are the sixth-best positioned of the 50 states to bounce back from COVID-19 as pandemic-related restrictions are lifted. […]
Though Illinois ranks no better than mediocre on things such as business conditions and financial support, the factor that counted most is the share of small companies and workers employed in industries highly affected by COVID. In other words, Illinois has a lot of firms in the “right” industries for a recovery now, such as arts and entertainment, education and other services.
Click here for the WalletHub stuff.
* Related…
* 28 closed or temporarily closed businesses on the Magnificent Mile: Block-by-block analysis of where North Michigan Avenue stands after impact of pandemic, unrest
posted by Rich Miller
Tuesday, Apr 13, 21 @ 4:35 am
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Previous Post: Was January a brushfire or a sustainable course?
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Looking forward to the convention industry opening up.
Comment by Da Big Bad Wolf Tuesday, Apr 13, 21 @ 6:08 am
Any social unrest in that area in the next few months will doom this area for another year.
Comment by Blue Dog Tuesday, Apr 13, 21 @ 8:13 am
Social unrest…that should be read as violence stemming from…
Comment by Blue Dog Tuesday, Apr 13, 21 @ 8:21 am
Well there probably is a void as far as small business due to the pandemic. It’s a good thing if that sector recovers.
Comment by Levois J Tuesday, Apr 13, 21 @ 8:58 am
==Any social unrest in that area in the next few months will doom this area==
Law enforcement not threatening or shooting an unarmed black man for a couple months might help.
Comment by Jocko Tuesday, Apr 13, 21 @ 10:02 am
And those businesses boarded up have so much to do with police malfeasance.
Comment by Blue Dog Tuesday, Apr 13, 21 @ 10:16 am
The USA has way too much retail and way more than any other country by far. https://www.fastcompany.com/90623551/starbucks-is-starting-to-work-toward-ditching-disposable-coffee-cups
Cities and towns made it easy to put in too much retail. More housing would better.
Comment by Publius Tuesday, Apr 13, 21 @ 12:16 pm
Don’t blame police or looters, or even the pandemic. Macy’s was planning to close before any of those things occurred.
Amazon is destroying retail.
Maybe an entertainment district would be a better fit.
Comment by 17% Solution Tuesday, Apr 13, 21 @ 12:22 pm