Illinois Manufacturer's Association

Illinois Issues - Economy
6:40 am
Mon November 24, 2014

Part Timers & Manufacturing In Illinois Feeling A Slow Economic Recovery

Mark Selvaggio, President of Selvaggio Steel in Springfield says workers compensation cost and unpredictable tax environment are slowing manufacturing.

For fans of baseball,  teams have already announced the late winter dates for pitchers and catchers to report for spring training.

When evaluating Illinois’ recovery from the recession, economist 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. 

“We are only half way out of the hole we are in.  It has taken five years to get where we are.  Most recoveries take seven years,” says Glassman.

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Fracking
8:53 pm
Wed August 13, 2014

Anti-Fracking Activists Crash Democrat Breakfast

100 or so environmental activists rallied outside a Democratic party breakfast, calling for the end of fracking in Illinois, even before it begins.
Credit Hannah Meisel/WUIS

  Environmental activists hoping to curb hydraulic fracturing in Illinois crashed a breakfast held for Democratic party organizers in Springfield Wednesday. They want to stop natural gas extraction in the state before it starts.

"Drought! Pollution! Earthquake! Fracking is a big mistake!"

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Patent trolls
5:19 pm
Thu May 29, 2014

Lawmakers Push To Fight Patent, Copyright Trolls

Credit Wikimedia commons

  Lawmakers are considering proposals to stop so-called "patent trolls." They say people who fraudulently collect fines under the guise of protecting intellectual property are hurting small businesses.

"Patent trolls" and their lesser-known cousins, "copyright trolls," basically search for opportunities to make money by claiming someone has used a protected idea without permission.

Rep. Ann Williams (D-Chicago) says many businesses would rather pay the "fine" a patent troll asks for, rather than fight back in court alone.

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Statehouse
5:22 pm
Tue May 27, 2014

"Soda Tax" Defeated At Statehouse

Credit flickr/DCJohn

An Illinois House committee has rejected a proposed tax on sweetened drinks that supporters say would help fight obesity.  

The House Revenue and Finance Committee defeated the so-called ``soda tax'' Tuesday. It would have added a tax of 1 cent per ounce to any sweetened beverage.  

Rep. Robyn Gabel is an Evanston Democrat. The Chicago Sun-Times reports Gabel told legislators the tax would give people an incentive to choose a healthier drink. It also would generate an estimated $600 million in annual revenue.  

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Statehouse
8:14 am
Mon March 3, 2014

Illinois Business Groups Say Deregulation Saved Consumers $

Business groups say utility competition has saved consumers money.
Credit AARP

A new report says electricity deregulation has saved Illinois customers up to $37 billion over the past 16 years.  

The report being released Monday by four business groups says the average household has paid $3,600 less overall than if the average annual electricity rates had stayed the same.  

Deregulation kicked in in 1998, allowing Illinois utilities to compete for business on the open market rather than being regulated monopolies whose rates were set. The utilities before deregulation both supplied and delivered electricity to customers, who had no other choices.  

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Pensions
6:21 am
Tue December 3, 2013

Strange Bedfellows Could Kill Leaders' Pension Deal

A Christmas tree and other holiday decorations bring a festive spirit to the capitol on Monday -- today the statehouse will be bustling during last-minute negotiations ahead of a landmark pension vote.
Credit Brian Mackey/WUIS

Illinois legislators will be asked today (12/3) to take what many say could be the most important vote of their careers. They've been called back to Springfield to take up a measure that would drastically alter the state's retirement plans. Doing so would have obvious ramifications for state employees, teachers and university workers whose pensions are at stake. But the impact of a vote is far more widespread. What happens could also affect everything from the state's credit rating and Illinois' next budget, to the 2014 elections. The outcome is anything but certain.

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Business
6:22 am
Mon November 4, 2013

Greg Baise: Illinois Has To Compete For Jobs

Greg Baise
Credit IMA

A key Illinois business leader says the state is facing tough competition when it comes to keeping jobs.  Greg Baise is President of the Illinois Manufacturer's Association.  He says controversial legislation in Illinois that would offer tax breaks to certain firms is an effort to keep pace.

Among the firms, agribusiness leader Archer Daniels Midland, which wants to move it's corporate headquarters from Decatur to a larger city.  Illinois and other states are wooing the company with promises of tax incentives.

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