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lllinois has some of the strictest regulations on businesses in
the country, Bryce Hill of the Illinois Policy Institute said.
The state must address that if it wants to improve its jobs
outlook.
"How can we make it easier for entrepreneurs, especially small
businesses, to flourish," Hill said. "It appears that these
regulations are acting as a handcuff."
Hill said Illinois needs to look into these problems if it
wishes to improve.
"I think we just need, at a base level, an evaluation of why
Illinois has so many regulations on these businesses compared to
other states," Hill said. "So when we see hundreds of thousands
of regulations Illinois has, we should consider what kind of
effect they have."
The top three sectors that have halted hiring in the are real
estate, automotive, and health care, according to the survey
from Alignable, as The Center Square previously reported. A
majority of small businesses already are putting a freeze on new
hires.
"The report shows that a majority of small businesses in
Illinois are on a hiring freeze," Hill told The Center Square.
"It also shows that more Illinois businesses are considering
layoffs more than anywhere else in the country, other than
Florida."
Hill also said how the state has handled its recovery
post-pandemic has impacted these businesses.
"Illinois was less recovered from the pandemic than any other
state in the Midwest other than Wisconsin," Hill said. "That is
extremely concerning, especially since census bureau data shows
that one-third of job creation in Illinois comes from small
businesses."
Andrew Hensel has years of experience as a
reporter and pre-game host for the Joliet Slammers, and as a
producer for the Windy City Bulls. A graduate of Iowa Wesleyan
University and Illinois Media School, Andrew lives in the south
suburbs of Chicago.
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