Sears Holdings Corp. and Chicago’s financial exchanges have quit threatening to pull up stakes now that Illinois has enacted tax breaks for them. But it remains unclear whether state incentives to big companies are wise uses of economic-development resources.
Hiring picked up slightly in July and the unemployment rate dipped to 9.1 percent, an optimistic sign after the worst day on Wall Street in nearly three years.The Labor Department says employers added 117,000 jobs last month. That's an improvement from the past two months."
The financial arm of General Electric is announcing plans to bring 1,000 jobs to Chicago.At a press conference with Chicago Mayor Rahm Emanuel on Monday, officials from GE Capital said the expansion will nearly double the company's presence in the city.
According to a new study from the Center for American Progress, Illinois stands to get $22.3‚ billion dollars from the American Recovery and Reinvestment Act.‚ Crains' has a good article on distribution of‚ the federal stimulus money.