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Illinois Named Third Worst State for Businesses

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Illinois Named Third Worst for Businesses

NBCChicago.com

In a recent national survey of CEOs in Chief Executive magazine, Illinois was ranked the third worst state in which to do business. That likely won't set well with Mayor Rahm Emanuel and Gov. Pat Quinn.

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Turns out the second city's state of Illinois is the third worst when it comes to how good they are to do business with.

Illinois took the most dubious of bronze medals in a recent national survey of CEOs in Chief Executive magazine.

The consensus is that "Illinois is in a race to the bottom" with New York and California because of what the survey calls new tax burdens driving "business-unfriendliness to new lows."

“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,” one CEO said in the survey.

In other words, state and local taxes, which have long been above the national average, is a huge hindrance for people to do business here -- much like it is for anyone to open their wallet in town. It might also be the only state where a penny candy costs $20.

To read the full survey and its breakdown, hop over here. Also, congrats to Texas, which is the best state in America to do business in, apparently, for the eighth year in a row.

David Wolinsky is a freelance writer and a lifelong Chicagoan. In addition to currently serving as an interviewer-writer for Adult Swim, he's also a columnist for EGM. He was the Chicago city editor for The Onion A.V. Club where he provided in-depth daily coverage of this city's bustling arts/entertainment scene for half a decade. When not playing video games for work he's thinking of dashing out to Chicago Diner, Pizano's, or Yummy Yummy. His first career aspirations were to be a game-show host.

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