economy

Housing
1:56 pm
Mon May 12, 2014

Lawmakers Consider Tax Credit For Distressed, Vacant Communities

Credit Wikimedia Commons

  Lawmakers are exploring a way to stabilize Illinois communities hit hard by the Great Recession. Advocates say a statewide property tax credit would boost development in blighted areas.

When houses are left vacant, it drives down property values for the entire block. In Cook County alone, there are an estimated 55,000 such vacancies.

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WUIS Engage Breakfast
12:48 pm
Sun April 13, 2014

The Impact of Education on the Local Economy

Chris Farrell, Marketplace
Credit APM

Join WUIS in an important community conversation at the first 

A WUIS ENGAGE BREAKFAST
May 2, 2014, 8-9:30 a.m.
Hoogland Center for the Arts - Theatre III
AUDIO SPECIAL COMING SOON!

Special guest, Chris Farrell, is coming to Springfield to share his thoughts and take your questions about education and our local economy.   

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Economy
5:52 am
Fri September 6, 2013

Departing Chamber President: Politicians Not Doing Enough To Create Jobs

Doug Whitley, 63, will retire next year after a dozen years as president of the Illinois Chamber of Commerce. He submitted his resignation Thursday at the chamber's board meeting. " “It will be good for the Illinois Chamber to have a new leader with a fresh perspective when the next gubernatorial administration starts, whether Gov. Pat Quinn is re-elected or we have a new governor,” Whitley said in a statement.
Credit Amanda Vinicky

After twelve years as President of the Illinois Chamber of Commerce, Doug Whitley's retiring next year.

Whitley says he's leaving disappointed, as the latest data showed Illinois with the second highest unemployment in the nation, behind Nevada.

And he says political leaders haven't done enough about it, except for one - Chicago's mayor: "With the exception of Mayor Rahm Emanuel, I don't hear any other political leaders in our state talking about jobs, trying to recruit jobs, trying to announce new jobs and showing a sincere concern with unemployment," Whitley says.

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Economy
8:30 pm
Thu August 22, 2013

Illinois Unemployment Second Highest In Nation

Credit IDES

With national unemployment at its lowest level since the start of the Great Recession, the numbers keep going the wrong way in several parts of Illinois.

Peoria, Danville, and Decatur all saw unemployment increase by more than a percentage point.

Still, Gov. Pat Quinn defends his administration's efforts at building the economy.  Thursday, he announced that a German manufacturer will move its U-S headquarters to Schaumburg, a Chicago suburb, a move Quinn says could create 40 jobs.

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