CBS 2 Chicago wbbm7801059 670 The Score

Local

CEOs Rank Illinois 48th In Nation For Business

View Comments
Chicago Mercantile Exchange

Chicago Mercantile Exchange floor. (Credit: Scott Olson/Getty Images)

Lastest News Headlines:

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

SPRINGFIELD, Ill. (CBS) — A new survey of several hundred corporate chief executives finds they have a very low opinion of the business climate in Illinois.

As WBBM Newsradio’s David Roe reports, the survey, conducted by Chief Executive magazine and released Wednesday, ranks Illinois 48th out of the 50 states for what CEOs say is the state’s business unfriendliness.

LISTEN: WBBM Newsradio’s David Roe reports

Texas was ranked No. 1 in the survey, and Indiana – where Gov. Mitch Daniels has publicly urged Illinois businesses to relocate – ranked fifth.

In issuing the low ranking for Illinois, the executives cited the state’s struggles with a mounting budget deficit, rising taxes, and the public campaigns by other states to lure businesses out of Illinois.

“It may be no accident that most of the states in the top 20 are also right-to-work states, as labor force flexibility is highly sought after when a business seeks a location,” the magazine noted, referring to laws in place in 23 U.S. states that bar unions from requiring non-members to pay dues.

But the Illinois Department of Commerce and Economic Opportunity counters by saying the state added 32,000 jobs last year, and has seen unemployment drop for seven straight months.

“Under Governor (Pat) Quinn’s direction, we are taking the necessary steps to strengthen our economy, attract new investment and put more people to work,” Department of Commerce and Economic Opportunity spokeswoman Marcelyn Love said in an email.

Peoria-based Caterpillar has been one of the state’s frequent critics, but a spokesman says the state is now taking steps to move in a better direction.

(TM and © Copyright 2012 CBS Radio Inc. and its relevant subsidiaries. CBS Radio and EYE Logo TM and Copyright 2012 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed. The Associated Press contributed to this report.)

View Comments