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NWI luring Illinois companies, but why so few?

Northwest Indiana has had some success luring companies from Illinois, but it’s hardly a stampede and nothing like one would expect given the government dysfunction and fiscal problems in the Land of Lincoln.

The state of Illinois has no budget, a projected deficit of $7.8 billion, an $111 billion unfunded pension liability, and a mounting pile of unpaid bills. Social services are getting slashed. Professors are being laid off. Downstate mass transit is shutting down.

Right next door to Northwest Indiana, Chicago just approved $755 million in new taxes. The Land of Lincoln already has the fifth highest property tax burden in the country, and the 13th highest unemployment taxes…Please click here to read Joseph S. Pete’s story in the Times.

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