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home : news : state news free April 29, 2016

4/22/2013 1:59:00 PM
Investors worried about state economy

CHICAGO (AP) — A new poll shows the Chicago area’s wealthiest investors are more nervous about their state’s economy than counterparts across the nation.

The poll released today by Morgan Stanley Wealth Management reinforces concerns that Illinois companies might take their business elsewhere if the financial picture doesn’t improve. It comes on the same day that Texas Gov. Rick Perry is scheduled to be in Chicago to try to lure business from Illinois.

The poll found 93 percent of high net worth investors in the Chicago were worried about the state’s well-being, with 80 percent being “very concerned.” Many of those polled are CEOs and business owners.

Analysts say it is another wake-up call for lawmakers who have failed to fix Illinois’ nearly $100 billion pension crisis and other financial problems.

Anderson Jewelers

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