A new business climate ranking index that includes ILR’s 2015 Lawsuit Climate Ranking Survey results has Illinois, not surprisingly, ranked in the bottom five, reports the Sangamon Sun.
Illinois ranked 48th out of 50 in the ILR report.
Sources for the “States’ Business Climates Index,” published by Ball State economists, also include Chief Executive magazine, CNBC, Forbes magazine, George Mason University, and the Pollina Corporate Real Estate and Tax Foundation.
“In order to provide a more reliable state business climate ranking, we create a mean ranking system that combines the rankings from our seven different sources,” the report said. “The relation of our mean ranking system with state output and employment is then tested and compared to that of the individual rankings that it utilizes.”