Your Illinois News Radar » Some more encouraging economic news for Illinois - The Capitol Fax Blog

* The state’s gigantic drop in weekly unemployment applications has barely registered on the state’s media radar. But here’s a bit more good news from Greg Hinz…

Illinois usually comes out near the bottom of multi-state surveys on business conditions, with concerns over taxes, pensions and related matters rising to the fore. But a report out today suggests that the state is extremely well positioned to recover from the COVID-19 pandemic in a critical area: small business.

According to a study by WalletHub, a personal finance website, small businesses in Illinois are the sixth-best positioned of the 50 states to bounce back from COVID-19 as pandemic-related restrictions are lifted. […]

Though Illinois ranks no better than mediocre on things such as business conditions and financial support, the factor that counted most is the share of small companies and workers employed in industries highly affected by COVID. In other words, Illinois has a lot of firms in the “right” industries for a recovery now, such as arts and entertainment, education and other services.

Click here for the WalletHub stuff.

* Related…

* 28 closed or temporarily closed businesses on the Magnificent Mile: Block-by-block analysis of where North Michigan Avenue stands after impact of pandemic, unrest

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April 13, 2021 at 06:15PM
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Your Illinois News Radar » Some more encouraging economic news for Illinois - The Capitol Fax Blog
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