News

Manufacturing Report Card for Illinois Is Mixed

Manufacturing Report Card for Illinois Is Mixed

What kind of a place is Illinois for manufacturers?

It’s about average, says Michael Hicks, director of the Center for Business and Economic Research at Ball State University in Indiana, who has compiled the 2014 manufacturing and logistics report.

The report gives Illinois an overall grade of C for its manufacturing environment.

He says Illinois gets an A for logistics – the ability to bring in raw materials and move out the finished product – and for productivity and innovation. “Illinois does very well in those areas, and you can think about the very large universities that you have, large corporate headquarters which are investing a lot in research and development and then the output of that, how it affects the factory floor, clearly an A grade,” he said.

Where Illinois struggles is with the state’s finances. It’s more likely taxes will go up than down, mainly because of the unfunded pension liability.

The report card for Illinois manufacturing:

  • Logistics: A
  • Human Capital: C
  • Worker Benefit Costs: C
  • Tax Climate: D-
  • Expected Liability Gap: F
  • Global Reach: C+
  • Sector Diversification: C
  • Productivity and Innovation: A

 

 

Recent Headlines

in Local

Durbin: Don’t Defund Planned Parenthood

3-9-15 Durbin

Efforts to cut off federal funding for Planned Parenthood are misguided, according to U.S. Sen. Dick Durbin (D-Ill.).

in Local

New ISBE Superintendent’s Salary Questioned

money

Depending on your view, lawmakers are either diligently protecting the public's dimes or they're browbeating the new administration's appointees.

in Local

IDOT: Buckling Up Improves to New High

seat belts

If you do not buckle up when you're in the car, you're in a small, small group.

in Local

“Mitsubishi Task Force” Formed

mitsubishi

Officials have set up a task force to help Mitsubishi Motors employees who will soon lose their jobs and help the company as it tries to find a buyer for the company's only U.S. plant in Normal.

in Local

Durbin Disappointed in Quick Fixes for Highway Funding and Import Export Bank

Dick Durbin

Dick Durbin hopes those issues will be addressed when Congress returns in September.