Public Universities and Community Colleges Boost the Illinois Economy by $16 Billion Every Year

A recent report by the Illinois Economic Policy Institute (ILEPI) and the Project for Middle Class Renewal at the University of Illinois at Urbana-Champaign (PMCR) assesses the positive economic impacts of public universities and colleges in Illinois and measures the costs of the two-year budget impasse.  Continue reading “Public Universities and Community Colleges Boost the Illinois Economy by $16 Billion Every Year”

Tax Dollars Should Be Spent on Broad-Based Investments, Not Corporate Subsidies

Illinois has spent at least $4.9 billion in state and local business subsidies since 2000, after adjusting for inflation. This equates to $288.5 million per year. While these subsidies have saved or created some jobs in the state, Illinois could have created even more jobs and more economic growth if tax dollars had instead been invested in public infrastructure and public education.

Continue reading “Tax Dollars Should Be Spent on Broad-Based Investments, Not Corporate Subsidies”

Illinois Has Doled Out $5 Billion in Corporate Subsidies Since 1985

Since 1985, state and local governments in Illinois have doled out at least $5 billion in economic development subsidies.  In particular, three companies have received over $900 million from Illinois taxpayers: Sears, Mitsubishi Motors, and Motorola.  In these three cases, employment eventually fell and plants even closed despite the massive amounts of money provided.  Continue reading “Illinois Has Doled Out $5 Billion in Corporate Subsidies Since 1985”

Recent Female College Graduates Earn Less than Their Male Counterparts in Illinois, With Important Exceptions

Straight out of college, men working full time earn higher incomes than women working full-time in Illinois. When incomes are evaluated by field of degree, the gender gap persists in most areas of study but disappears in science and education. Continue reading “Recent Female College Graduates Earn Less than Their Male Counterparts in Illinois, With Important Exceptions”