ChiefExecutive.net survey said Illinois is one of the three worst states in the U.S. to do business. 500 CEO from around the country were asked what they thought of Illinois. It turns out the state is not appealing in the least.
High taxes and business operation costs deter business owners from working in the state. Governor Quinn approved a corporate tax rate increase from 6.8 percent to 9 percent in January, and the state is starting to see the effects of that tax as the word spreads around the business national community.
Only New York and California were ranked worse. Five years ago Illinois was ranked No. 7. This year, the state ranked No. 47.