Illinois business environment ranked in bottom five in the nation

By WEEK Producer

Illinois business environment ranked in bottom five in the nation

May 13, 2014 Updated May 13, 2014 at 3:12 PM CDT

A new survey means more bad news for the state of Illinois.

As part of Chief Executive Magazine’s annual Best & Worst States for Business survey ranked the Illinois business environment in the bottom five in the nation.

Illinois placed 48th, coming in ahead of only California and New York.

The survey questioned 500 CEOs on variety of issues including taxes, quality of the workforce and quality of living environment.

The publishers of the study say it is important because CEO sentiments drive investments in offices, facilities and factories that bring jobs to a region.

“Corruption and union pensions have made Illinois a poor alternative for business,” one CEO said. “Continually avoiding to address and fix the problems have only exacerbated the situation. More conservative states are easier to work in and with.”

Other CEOs called Illinois “horrendous, incompetent and inept at addressing the hard issues associated with putting the state’s financial condition in order.”

 

5 Best States for Business

Rank 2014

Texas

1st

Florida

2nd

Tennessee

3rd

North Carolina

4th

South Carolina

5th

Source: Chief Executive magazine/ChiefExecutive.net

 

5 Worst States for Business

Rank 2014

California

50th

New York

49th

Illinois

48th

New Jersey

47th

Massachusetts

46th

To submit a comment on this article, your email address is required. We respect your privacy and your email will not be visible to others nor will it be added to any email lists.