Excerpt:
Illinois Policy Institute’s Josh Bandoch says he could have easily predicted the state would rank as lowly as it does across the country for entrepreneurship and economic growth.
A new Archbridge Institute study pegs Illinois 45th in the nation in that department stemming from criteria assessed based on its ability “to lift barriers to human flourishing” and metrics that include taxes, regulations, business dynamism and housing.
“Illinois is one of the most regulated states in the nation and that’s a problem for economic growth and entrepreneurship,” Bandoch told The Center Square. “One of the things that the score on regulations looks at is what’s called restrictive language, basically that’s anything in the legal code that says either shall or shall not. The average state has about 132,000 instances of this language. Illinois by contrast has 282,000, more than double the median and what that means is it’s really hard for individuals and businesses in Illinois to innovate and create value.”
Read the full article at The Center Square.
Read the Social Mobility in the 50 States report here.
The Center Square
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