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

Mother-Son Meth Operation Alleged

Fresh
denise taylor

Hearing next week

in Local

Quinn Accuses Rauner of Not Hiring Enough Minorities

Bruce Rauner (R), Pat Quinn

Both trying to make inroads in minority communties

in Local

Library Turf War Continues

Lincoln Presidential Museum

Major donors threaten to withhold donations unless the feuding stops

in Local

Woman Dies in Route 29 Crash Near Edinburg

medical

Illinois State Police say a van over corrected after swerving off the roadway.

in Local

Attorney Wants Parsons to Pay $1.2 Million Now, $100,000 Monthly

Jeff Parsons appears defiant as he walks out of federal court in Springfield July 10, 2014

An attorney representing former THR and Associates employees and creditors wants Jeff Parsons to pony up -- immediately.