SBA Opposes Cook County Referendum’s Press Release
Schaumburg, IL, October 4, 2018 – The Schaumburg Business Association’s Board of Director announced their opposition to the Cook County Minimum Wage and Earned Sick Time referendums on the November 6th ballot based on the adverse impact that it will have on Schaumburg’s businesses.
“In 2017, when the Cook County Commissioners first attempted to increase the County’s minimum wage the Schaumburg Business Association surveyed our businesses and found significant evidence that an increase would negatively impact Schaumburg’s economy” said Lisa Gilbert, President of the Schaumburg Business Association.
With Schaumburg’s location on the Western and Southern boundaries of Cook County, the Schaumburg Business Association’s work in 2017 revealed that over 60% of Schaumburg businesses surveyed would be affected by the mandated increases and business owners would address this increased cost of doing business by downsizing operations or relocating out of Cook County. The Schaumburg Business Association’s economic development insights reveal that the surrounding counties of Dupage, Lake, Kane, and McHenry are the intended destination – not Indiana or Wisconsin – for Schaumburg business to reduce their cost through relocation.
“The progressive referendum that the Cook County Commissioners have brought forth is not in the best interest of the entire county” stated Mark Kolar, Chairman of the Schaumburg Business Association, “Adopting a county-wide increase of the minimum wage would have negative consequence on the parts of Cook County, like Schaumburg, that border neighboring counties that do not have the same cost of doing business.”
The Schaumburg Business Association’s continued economic development efforts have identified that the cost of doing business in Cook County is the leading concern for Schaumburg executives with over a third of all conversations citing this as the primary challenge for further growth. The same executives express the sentiment that they are already paying above the proposed $13 minimum wage and that a mandated increase would have broader implications for hiring and retaining quality employees.
“Any action on a minimum wage, and paid sick leave, increase should be taken up by the Illinois legislature – not by an individual county – to ensure a competitive balance for all Illinois communities” said Gilbert, “this referendum will diminish the economic attachment of Cook County, make it more expensive for Schaumburg businesses, and provide justification for any businesses looking relocate to a less expensive neighboring county”.
About the Schaumburg Business Association
The Schaumburg Business Association (SBA) is dedicated to our members' growth and prosperity. We advance business causes and are committed to helping our members maintain a competitive edge by providing them with outstanding programs, benefits and services. The Association was formed in 2001 to represent the needs of businesses within the Association. The SBA embodies the spirit of our business community that includes a dynamic blend of corporate, commercial, retail, service and industrial businesses in the largest suburban economic center in the State of Illinois.
Posted on Oct, 04
by Lisa Gilbert