States to Businesses: Don’t Leave…We’ll Do Anything!
theluckychicken via flickr
Illinois has been playing chicken with a few companies that are threatening to take their business elsewhere. Along with our partner station WBEZ, we’ve been covering the drama between the state and entities such as Sears and the Chicago Mercantile Exchange (CME). Both are threatening to leave the state over higher taxes, and demanding tens of millions of dollars in tax breaks and incentives to stay.
Meanwhile, Illinois Governor Pat Quinn says Ohio is putting hundreds of millions on the table to interest Sears in relocating to the Buckeye state.
We’ll be talking more about tax breaks, incentives and Midwest competition in the coming days. Inform our coverage: What do you want states to do to bring business and jobs to your state?