Chicago, IL – The results of the third annual Chicagoland Chamber of Commerce Member Survey reveal that nearly 75 percent of member businesses plan to add new employees this year, while more than one in three expect to expand their current location.
The results also reveal that 55% of respondents are optimistic about the region’s economy, down from 66% in 2015. This demonstrates that while confidence in the economy is slightly down, local businesses are still investing in hiring and growth.
“With the state budget impasse and the need for pension and tax reform, it’s no secret that businesses in Illinois and Chicago are facing challenges right now,” said Theresa E. Mintle, President & CEO of the Chicagoland Chamber of Commerce. “The results of the survey show that despite these challenges, businesses are still creating jobs and utilizing local talent. This data is instrumental in helping us shape the Chamber’s programming and policy positions to best serve our members and Chicagoland’s business community.”
Survey respondents cited access to talent (79 percent), proximity of Chicago’s airports (63 percent), and public transportation (60 percent) as the top three aspects of the region that contribute to the success of their business.
Long term economic prospects for Illinois (76 percent), taxes (72 percent), and burdensome regulations (62 percent) were reported as the top three challenges. Nearly half (49 percent) of all Chamber members conduct international business.
These survey results will serve as a guide as the Chamber continues to develop networking events, thought leadership programs, workforce development initiatives and positions on public policy issues.
Click here to view the full results.
About the Chicagoland Chamber of Commerce
The Chicagoland Chamber of Commerce represents over 1,000 member companies, their 400,000 employees, and over $24 billion in revenue. We combine the power of our membership with our legacy of leadership and business advocacy to drive a dynamic economy. We focus on delivering value for our members, making Chicagoland a world-class place to live and work. Visit ChicagolandChamber.org.