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Surveyed CEOs find IL business climate poor

Wed, 02 May 2012 14:04:49 CDT
By: AP

Illinois gets low marks for its business climate in a survey of 650 corporate chief executives. Chief Executive magazine released the survey today. Illinois ranked 48th among U.S. states and received low ratings in particular for taxes and regulations. Texas was the top-rated state. Illinois has struggled the past year with a mounting state budget deficit, rising taxes and public campaigns by other states to lure businesses away. Marcelyn Love is a spokeswoman for the state Department of Commerce and Economic Opportunity. She notes that the state added 32,000 jobs last year. Unemployment has dropped for seven straight months. Peoria-based Caterpillar Inc. has been among the state's critics. But company spokesman Jim Dugan says the state is now taking steps that could move Illinois in a better direction.

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