chicago economy

The state controls several major components of the tax burden imposed on gasoline, while Cook County and the City of Chicago levy their own taxes and fees that affect the final price motorists see at gas stations. #williewilson #chicago #mayor

NASCAR and Chicago tourism officials reported that the 2024 race produced an estimated $128 million in total economic impact and $9.6 million in state and local taxes. #nascar #centersquare

It cited limited access to capital, lengthy permitting processes and other bureaucratic barriers as obstacles that prevent businesses from surviving or expanding. #alexigiannoulias #chicago

Cook County’s minimum wage increased from $15 to $15.40 on Wednesday, and the tipped minimum rose from $9 to $9.25. #minimumwages #centersquare #workers

In a statement, Bally’s Corporation Senior Vice President for Corporate Development Christopher Jewett said the expansion of video gambling terminals represents a significant threat to the city’s long-term financial interests and violates commitments made under the company’s host community agreement with Chicago. #bally's #council #expansion

Illinois Adds Jobs in March as Unemployment Rate Edges Higher (Springfield, IL) - Illinois added jobs in March, but the state’s unemployment rate ticked...

Illinois, UAE Leaders Convene in Rosemont to Strengthen Innovation and Investment Ties (Rosemont, IL) - Business and government leaders from Illinois and the United...

Illinois Launches Nation’s First Tax Credit Incentive for Sustainable Film Production (Chicago, IL) - Gov. J.B. Pritzker announced a first-in-the-nation expansion of Illinois’ film...

Glennon said modern buildings with amenities are holding up well, but older, Class B buildings are selling space for 10 or 20 cents on the dollar. #office #chicago #rates

“The rest of the world is starting to capitalize on what we have long known to be true: Illinois is the best place to live, work, and raise a family,” Pritzker said, pointing to the state’s central location, infrastructure, and workforce as key advantages. #jobs #investments