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Illinois economy
PI Original
by Ashlee Rezin
1:11pm
Wed May 8

Online Retailers May Soon Lose 'Unfair Advantage' As Marketplace Fairness Act Heads To House, Proponents Say

The U.S. Senate voted to approve the Marketplace Fairness Act, a bill that would require online retailers to comply with sales tax laws of states where they sell and ship goods. According to proponents of the measure, Internet shoppers are one step closer to losing the “unfair advantage” over consumers who choose to support local merchants. Progress Illinois takes a closer look at the bill and what it could mean for the Prairie State.

Quick Hit
by Ashlee Rezin
12:58pm
Thu Apr 25

Illinois Ranked As A Leader In Biotechnology, Report Finds

Illinois has been ranked as a leader in the nation’s biotechnology industry, and is located in the heart of the most thriving bioscience region in the U.S., according to a recent report.

“Biotechnology is a major growing and fundamental sector within the state of Illinois and the economic contribution and growth potential is extremely strong,” said Bruce Fouke, professor of Geology and Microbiology and director of the Roy J. Carver Biotechnology Center at the University of Illinois at Urbana-Champaign

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Quick Hit
by Ellyn Fortino
11:44am
Thu Apr 25

Voices For Illinois Children Discusses Quinn's Proposed Budget, Offers Revenue Solutions

With a little more than a month remaining in the spring legislative session in Springfield, advocates for Illinois children say it's important to understand the factors driving the state's fiscal year 2014 budget debate and what can be done to help avoid damaging cuts to education and other critical programs.

David Lloyd, senior policy analyst with the Fiscal Policy Center at Voices for Illinois Children, told advocates on a web conference call this week that maintaining funding for their priorities depends on a sustainable state budget that raises necessary revenues.

“These are difficult choices, but I think eventually the math wins," Lloyd said. "Without additional revenues to pay the liabilities such as pensions and Medicaid, Illinois will be forced to cut other programs. There’s just no other way around it."

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