IEDC reports on Indiana declaring war on high tax Illinois:
Billboards targeting business professionals will also be strategically placed throughout Chicago, including near the Monroe Street exit off of the Kennedy Expressway in the city’s financial district. In addition, billboard advertisements will be placed near Chicago Midway International Airport and Chicago O'Hare International Airport, along with a billboard near Chicago Executive Airport, a primary base for corporate jets just northwest of Chicago.Couldn't happen to a nicer bunch. In other Illinois decline news click on this.
“Indiana is host to one of the fastest growing economies in the nation,” said Smith. “Companies know what to expect in Indiana—stability, balanced budgets and unlimited opportunity. With a business climate ripe for growth, Indiana is open for business.”
Indiana is ranked as the best place to do business in the Midwest and fifth nationally by Chief Executive magazine, while the same publication ranked Illinois 48th in the nation for its business climate just last year. Illinois is home to a business tax rate 2 percent higher than Indiana and the lowest credit rating in the nation. Illinois companies such as AM Manufacturing, Tec Air, Mac Medical Supply Company and Carl Buddig & Company have all recently announced their plans to make the move to Indiana, projecting to create nearly 400 new Hoosier jobs in the coming years. In recent years, 40 Illinois companies have made plans to move all or parts of their operations to the Hoosier State, accounting for more than 3,600 new jobs and more than $423 million in capital investment.
The IEDC launched its original, highly successful Illinnoyed campaign in spring 2011, in response to Illinois’ decision to dramatically increase corporate and individual tax rates.
