Economic Development
Released May 16, 2020
CTBA, commissioned by the Daily Herald and ProPublica, performed an analysis of the 1989 economic development agreement (“EDA”) entered into by Hoffman Estates with Sears, Roebuck, and Company (“Sears”). The purpose of the analysis was to determine how effective the EDA proved to be and to quantify the impact the resulting development had on Hoffman Estates. The results of the analysis were utilized in a series of articles published by the Daily Herald and ProPublica.
Using a difference-in-differences model, the following report compares the economic performance of Hoffman Estates to a control group in order to isolate and identify the impact of development as a result of the EDA. The results suggest that the impact of the development generated by the Sears EDA was temporary, with a short-term spike in property values but no lasting impact on the growth trajectory of property value in Hoffman Estates, while failing to generate the job growth promised by the EDA.
Released May 15, 2017
The Economic Development for a Growing Economy ("EDGE") Tax Credit program has released more than $1.6 billion in credits to companies promising to create or retain jobs in Illinois since its creation in 1999.
Released April 7, 2014
Policy leaders across Illinois have identified supporting small businesses and entrepreneurship as key to reviving the state’s sluggish economy. And no wonder, given that over 99 percent of all businesses in Illinois are “small business” as defined by the Small Business Administration. This Report, identifies best practices and policy initiatives decision makers can take to improve the state’s economy and aid small businesses in Illinois.
Released October 4, 2006
An introduction to public transit in Illinois: what it is, how it’s funded, who the major stakeholders are and how to get involved. Includes a glossary of transit terminology.
Released January 17, 2007
An analysis of the state's fiscal system finds that Illinois’ state deficit will increase to more than $6 Billion over the next five years, without adding or expanding any programs. This deficit increase is the result of a tax system that does not generate enough revenue to continue funding the c