While Illinois is better positioned to withstand a recession than at any point over the past two decades, federal funding cuts and freezes since the beginning of 2025 pose imminent threats to Illinois’ $1.2 trillion economy. Policy changes in the “One Big Beautiful Bill Act” budget reconciliation law, targeted freezes during the federal government shutdown […]
A local business preference ordinance has been proposed to support small businesses, prevent high unemployment, and increase municipal tax revenues in Springfield, Missouri. The ordinance would provide an 8 percent bid credit to law-abiding local businesses bidding on the City’s public works projects.A strong Springfield is built locally by highly trained workers. Awarding public works […]
Illinois is now a $1 trillion economy, a historic accomplishment that reveals the strength of its businesses and workers. Illinois is the 5th state to generate $1 trillion in annual economic value, following California, New York, Texas, and Florida.Illinois is the economic engine of the Midwest, but steps can be taken to ensure the state […]