North Egypt News

Republican primary winner for the gubernatorial race Darren Bailey is not surprised by businesses leaving Illinois as Wall Street Journal reports. 

Bailey blames inaction from Gov. J.B. Pritzker as these exoduses are now getting attention nationwide.

"Illinois needs more jobs and unfortunately we are losing jobs and people and what is happening here is starting to get noticed at the national level," Pritzker said. "The reason people are leaving Illinois is because of our state’s hostile business environment. The result is job loss and population loss. JB Pritzker refuses to talk about what is happening under his watch because his policies are the reason these companies are leaving. We can’t keep pretending these problems don’t exist. It is time to confront them head-on. JB Pritzker is unwilling to do the job. It is time we had a Governor who will implement the policies we know will reverse the mass exodus from our state. States like Florida and Texas have provided the blueprint to economic growth. We need a Governor who will follow their lead and turn our economy around."

A film recapping the departure of major business offices was produced by The Wall Street Journal. 

“After years of operating in Illinois, three major companies—Boeing, Caterpillar and Citadel—are moving their headquarters out of the state. In this video, WSJ looks at the economic and political implications,” the Wall Street Journal said in its preview of the video.

Many companies have moved their corporate headquarters outside of the state. The most well-known manufacturer of airplanes, Boeing, declared that it would depart the area starting in May, NBC 5 Chicago reported, according to Sangamon Sun. The enormous aerospace industry, which began in Washington, relocated to Chicago in 2001. Nearly 16,000 jobs, or more than 10% of the company's workforce, were lost as a result of the outbreak.

Two months ago, Caterpillar announced that its corporate headquarters would be moving to Irving, Texas. Jim Umpleby, chairman and CEO of Caterpillar, stated that the choice was taken with the company's "strategic interest" in mind. There would be no effect on the 230 workers at the corporate office, according to Caterpillar, Chicago Tribune reported.

Earlier, Chambana Sun noted The New York Times report that Citadel Securities announced that moving from Chicago to Miami was motivated by security concerns. 

“The firms are having difficulty recruiting top talent from across the world to Chicago given the rising and senseless violence in the city,” Zia Ahmed, a Citadel spokesman told The New York Times. “Talent wants to live in cities where they feel safe.”