Prairie State Wire

The National Federation of Independent Business (NFIB) in Illinois has announced its legislative priorities for 2025, emphasizing the need to support small businesses across the state. Small businesses are a crucial part of Illinois' economy, employing over 1.6 million workers. According to data from the US Census Bureau, 64% of these businesses have fewer than five employees, and 88% have fewer than 20.

Small business owners are deeply involved in their communities, with a recent NFIB survey indicating that "seventy-six percent of small business owners volunteer at schools, sports teams, religious organizations, and other community groups." Additionally, "ninety percent of small business owners donate money to educational, civic, or religious groups in their communities."

Despite their contributions, small businesses face challenges such as inflation, regulatory burdens, and high taxes. The NFIB argues that Illinois should implement policies to remove barriers and promote growth. As the Illinois General Assembly reconvenes, NFIB will focus on several key areas:

Firstly, they aim to fight regulations that they believe stifle creativity and problem-solving among small businesses. Citing research by the Mercatus Center from 2023 showing Illinois had 282,040 regulatory restrictions making it one of the most regulated states, NFIB will oppose what they see as costly mandates.

Secondly, NFIB opposes tax increases intended to fund what they describe as "out-of-control spending." They argue that much of this spending does not benefit local economies but rather supports special-interest groups.

Thirdly, NFIB seeks to resist policies that increase operational costs for small businesses. Rising costs remain a top concern for many business owners according to NFIB’s monthly Small Business Economic Trends survey. They highlight current state government discussions about banning natural gas usage and limiting gasoline- and diesel-powered vehicles as potential threats.

Finally, NFIB calls for unleashing local entrepreneurs by reducing red tape and taxes to make Illinois more competitive for business investment.