by Ted Dabrowski, Illinois Policy Institute
Tuesday, Nov 25, 2014
Quincy, IL News - QuincyJournal.com
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If I am not mistaken, the loan amount from the revolving loan fund has a maximum of $50,000 and cannot exceed the amount of the participating bank's loan. If I am correct on that, which I may or may not be, then Bank of Quincy would have a minimum of $50,000 loaned on each originally. The City will take a hit of $83,754 and BOQ will have a loan balance of no less than $113,754 + $30,000 in buying…
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Darren Wilson? Is he like the Ferguson, MO version of Quincy, IL's Timothy Bichsel?
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Illinois predicted to be 50th in job growth in 2014

10 months, 1 week ago by Ted Dabrowski, Illinois Policy Institute

Moody’s Analytics puts Illinois in dead last for job creation, predicting the state’s payroll job numbers will only grow by 57,000 jobs

The same group that says the state of Illinois’ credit rating is the worst in the nation now predicts Illinois will create the fewest jobs in the nation in 2014.

Moody’s Analytics puts Illinois in dead last for job creation this year, predicting the state’s payroll job numbers will only grow 0.98 percent. That’s an increase of only 57,000 jobs.

Moody’s individual June 2013 report on Illinois says the state is “underperforming the lagging Midwest in most economic indicators, including employment.”

The report reaches the conclusion that the state’s recovery is “sputtering” and won’t reach pre-recession employment levels until 2015, a year after the rest of the nation. 

This Moody’s report indicates how poorly Illinois has encouraged economic recovery and job growth.

The state has the fourth-highest unemployment rate in the nation, and spent most of last year with the second-highest rate. More than 565,000 Illinoisans are unemployed and 1 million are unemployed or underemployed.

And rather than changing course and enacting pro-growth reforms like other states continue to do, Illinois is following the same failed economic policies it always has. High taxes, burdensome regulations and massive spending and borrowing have left the state with the worst credit rating in the nation, more than $7 billion in unpaid bills and the worst pension crisis of any state.

The result: Illinois is being left behind as the rest of the nation improves. Already Illinois’ unemployment rate is 1.7 percentage points above the national average. If Illinois continues to stagnate, that disparity will continue to grow.


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