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Pritzker’s tax plan: Closing corporate tax loopholes, or ‘the best way to shoot yourself in the foot?’ Ryan Ori and Lauren Zumbach, Chicago Tribune © Stacey Wescott / Chicago Tribune/Chicago Tribune/TNS Metal eyeglass frame at State Optical's factory on Feb. 19, 2021 in Vernon Hills. Gov. J.B. Pritzker wants to close $932 million of what he called “corporate tax loopholes” to help Illinois balance its budget after the fiscal ruins of COVID-19, but the controversial proposal comes as cities and states gear up to land relocating jobs and strengthen an economy batter...

Here are the latest updates on the coronavirus in the Chicago area and the rest of Illinois.

South Suburban Mayors Rolling Out The Welcome Mat For Amazon, Despite The Costs When Sheila Chalmers-Currin became mayor of south suburban Matteson in 2017, she had to govern a village that had seen a portion of its economy gutted. The spread of e-commerce contributed to a steep decline of the retail sector, especially among big-box stores. That hit Matteson especially hard. The village eventually lost its Target store, Sam’s Club, a Toys R Us and others. It even lost its only full-service grocery store when Dominick’s closed in 2013. It was clear Matte...

Share this article Share this article BOCA RATON, Fla., Feb. 3, 2021 /PRNewswire/ -- "In today's uncertain economy and with new, higher corporate tax schemes and new regulations on the way from Washington, comparative business costs will be driving corporate site selection decisions like never before," says John Boyd, Jr., principal of The Boyd Co. Furthermore, the bipartisan emphasis on re-shoring and near-shoring jobs from China will put a premium on operating cost savings among different locations.   John Boyd, Jr., Principal, The Boyd Co., Inc. "The role of the corporate site selection ...

2 months ago Share Officials want to see the Qualified Target Industry (QTI) tax-refund program reinstated in Florida to attract high-paying jobs. by: Jim Turner The News Service of Florida U.S. Space Command headquarters going to Alabama is the latest evidence of Florida’s self-inflicted wounds from cutting back on business incentives, members of the Florida Economic Development Council argued on Thursday, Jan. 21. The council maintains that Florida put itself at a competitive disadvantage in attracting high-skilled and high-paying jobs by giving up on “performance-...