Illinois’ Fiscal Crisis Impacts Business

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Illinois has been shackled with a reputation of political sleaze from Chicago Wards and dishonest Aldermen to the bipartisan corruption of Springfield State Capital. The pattern of crooked government is a given. What is often ignored is the negative impact and toll that such fiscal mismanagement takes on small business. Back in 2014 Illinois was already at the bottom of the barrel. “Business friendly” may not describe the Land of Lincoln after it ranks second from last in a new study. The Chicago-based research group, American Economic Development Institute, ranked Illinois the 49th worst state for business just ahead of California. While facilitating an environment that encourages small business is important, sound budgetary policies and pragmatic governmental debt ratios are essential.

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