Illinois is the 48th Best State for Business 2012

No. 48 Illinois Taxation and Regulations Workforce Quality Living Environment Based on CEO Survey by ChiefExecutive.net Key Metrics State GDP  [...]

May 2 2012 by ChiefExecutive.net


No 48: Illinois

No. 48

Illinois

Taxation and Regulations
Workforce Quality
Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’07-’10: -1.74
  • % Growth ’07-’10 v. Nat’l Avg. (-0.33%): -1.40

Unemployment

  • Unemployment Rate Dec. 2011 %: 9.80
  • Comparison with Nat’l Rate (8.50%): 1.30

Domestic Migration

  • Domestic Net Migration ’00-’09: -614,616
  • Rank: 48

State Government

  • Debt per Capita Fiscal Year ’10 ($): 4,790
  • State & Local Gov’t Employees per 10k Residents: 503.13

State-Local Tax Burden

  • Rate (%): 9.97
  • Compared to Nat’l Avg. (9.8%): 0.17
Key Companies
  • Abbott Laboratories
  • McDonald’s Corporation
  • Allstate Corporation
  • Walgreens
  • Archer-Daniels-Midland
  • Deere & Co.
Development Trend Indicator: Negative
New tax burdens drive business-unfriendliness to new lows.
CEO Comments
“Illinois is a great state but the democrats have ruined the state fiscally and unless they are either elected out or make major changes to the unions problems, corruption and graft, I will move our company out of Illinois permanently.”

“Illinois is in a race to the bottom.”

Sources:
Bureau of Economic Analysis
Bureau of Labor Statistics
NewGeography.com
The Tax Foundation