A new report on the business climate across the country has given Illinois a failing grade. The website Thumbtack and the Kauffman Foundation conducted a survey and asked thousands of small business owners about the various business regulations in their respective states and then applied a letter grade to their states.
Not surprisingly, Illinois is one of only six states to receive a failing grade.
It is difficult to get a small business up and running but in Illinois the difficult is nearly the impossible. There are many factors for the bad business climate in Illinois but one factor that cannot be overlooked is the state's litigation climate. Illinois is ranked 46th out of 50 states for legal fairness. The lack of legal fairness is driving jobs and opportunities to other states. Just in the last few years more than 40 Illinois companies have moved all or part of their operations to Indiana, which has produced more than 3,600 new jobs in Indiana.
This is why Illinois Lawsuit Abuse Watch has launched a statewide Small Business Summer tour to focus attention on the challenges small businesses face as a result of lawsuit abuse. The purpose of the summer tour is to raise awareness about how lawsuit abuse hurts small businesses and ultimately hurts the Illinois economy.
It is time for our state leaders to finally listen to small business owners and stop the abuse of our courts. We need jobs, not lawsuits. Let's put Illinois back to work by empowering small businesses.
Travis Akin, Executive Director
Illinois Lawsuit Abuse Watch