Illinois Economy

Illinois Touted As Property Tax Model For Wind Farms

Dec 12, 2017

color:#333333">Illinois’ taxing model for wind energy companies is touted as one of the best in the country, bringing in $30.4 million in property taxes in 2016, according to economic experts.


small cell technology
handout / AT&T

AT&T and other mobile phone providers are pushing legislation they say will ease congestion on their networks. But some towns and cities across Illinois are worried it’s really a power grab.

Bruce Rauner
Brian Mackey / NPR Illinois

Gov. Bruce Rauner has spent much of the past few years bad-mouthing the Illinois economy — saying his agenda would turn things around. But not everyone in his administration is sounding the alarm.

Illinois draws about 512, 000 hunters every year. Now a group is promoting how that number impacts Illinois' economy. 

simone.brunozzi / Flickr

After a nationwide call , cities across America are looking to land Amazon’s second headquarters attracting bids from big cities like Chicago.  But, Edwardsville, in the Metro East near St. Louis, is also throwing its hat in the ring.  

MOLLY ADAMS / FLICKR

Commentary: Is democracy a root cause of the state's budget woes?

Illinois Issues: The Rural Exodus

Aug 10, 2017
Chumlee 10 / Flickr

Analysis: What should be done to respond to loss of rural population?

KENT KRIEGSHAUSER / GALESBURG REGISTER-MAIL

Who has been hurt the most by shifts in the Illinois economy?

Illinois government has been collecting a lot less money since an income tax rollback took effect at the beginning of last year. On Tuesday, officials warned that problems in the broader economy could make things even worse.

flickr/ Photo Monkey

The monthly Flash Index provides a snapshot of the Illinois economy. In December, that picture showed the slowest economic growth the state has seen since March of 2013.

flickr/markmoz12

Today on the Business Report Bill Wheelhouse talks with Tim Landis of the SJ-R about home sales in Springfield,  the number of people in Illinois with land lines  & a regulatory victory for a company wanting to bring power lines through the region.

flickr/Jenn Durfey

Has Springfield reached the saturation point when it comes to the number of pizza restaurants? 

Illinois Department of Revenue

There are efforts at the State Capitol to double the homestead tax exemption across Illinois.  

University of Illinois Chicago

City tries to figure out what's next after Fed's deny money for 10th street work.

U.S Department of Energy

Illinois appears to have a lot of potential for growth in wind energy.     One area that some say is ripe for development is wind farms off the shores of Lake Michigan.   However one expert is not so bullish on the idea.

Despite the U.S. being reliant on China for exports, many Americans have a hard time understanding what is taking place with the world's largest economy. 

We figured it was a good time to bring in Roy Wehrle, Professor Emeritus of Economics at the University of Illinois Springfield. 

Sen. Dick Durbin
Hannah Meisel / WUIS

With Republican Gov. Bruce Rauner and the Democratic legislative leaders unable to agree on a spending plan for Illinois, the odds of a government shutdown are increasing. U.S. Senator Dick Durbin says that sort of crisis would be bad for business.

Department of Homeland Security

Immigrants in the country illegally will soon be able to file requests to stay in the U.S. without fear of being deported.

President Barack Obama announced an executive order helping immigrants in the country illegally gain lawful employment and defer deportation. Opponents say this could hurt the economy and take jobs away from U.S. citizens.

Cecilia Muñoz, director of the White House Domestic Policy Council, says the opposite is true.

The state's business organizations are making sure lawmakers know they are opposed to a hike in minimum wage (Lawmakers probably probably knew where the groups stand on this one).

A Senate committee approved a measure that would increase the minimum wage to $11 per hour by the end of the decade.

The state's retailers says a minimum wage hike will keep people out of jobs and keep Illinois at a disadvantage.

This measure is more early legislative session  political fodder than a real policy effort. It came on the same day the Governor's State of the State message

Mark Selvaggio at steel business.
WUIS/Illinois Issues

For fans of baseball, the midwinter tradition is underway — counting down the days until the pitchers and catchers report for spring training.

When evaluating Illinois’ recovery from the recession, James Glassman uses a baseball analogy. The head economist for commercial banking with JP Morgan Chase says Illinois has only reached the fifth inning in the recovery.

Amazon Inc. says it plans to open its first facility in Illinois next year in a move that would create 1,000 jobs.  

The announcement comes a week from election day as Governor Pat Quinn touts economic growth and his Republican opponent, Bruce Rauner, has criticized the slow growth of employment in Illinois.

The company made the announcement about the $75 million project on Tuesday. The jobs figure would be reached by 2017.  

Chase

James Glassman, Head Economist, Commercial Bank, JP Morgan Chase says the economic recovery is better than many people think.   Speaking at the Greater Springfield Chamber of Commerce's Economic Outlook Breakfast, Glassman said this recovery is "in the fifth inning".  

Glassman says there are still two groups that haven't felt the recovery.  Those who are "involuntary" part time workers and students.   

Classie Poe says East St. Louis even has few fast-food jobs
Robert Loerzel / WUIS/Illinois Issues

In some pockets of Illinois, where one in every three people live in poverty or close to it, the need is visible in the landscape: empty lots where buildings once stood in Cairo; abandoned houses marked with X’s in Chicago’s Englewood neighborhood; families living in ramshackle trailers in Kankakee County’s Pembroke Township.