11/14/2014 01:25 pm ET Updated Dec 06, 2017

Illinois' Business Climate Needs a Re-start, Says Business Leader

With the election of a businessman-turned-governor in Governor-elect Bruce Rauner, Elliot Richardson, president of the Small Business Advocacy Council of Illinois, hopes business and small business owners will have an important part in shaping the state's policy in the coming year.

And he wants to see that influence translate into the following business reforms in the state:

Lowering LLC Fees
Eliminating EDGE tax breaks
Eliminate Wasteful Regulations for Contractors
Coming together to improve the business environment

Check out Reboot Illinois to see Richardson expound on these ideas, including how Rauner can eliminate "corporate welfare" and what a positive business environment could mean for Illinois.

Educating Illinois' future small-business owners could be a starting point in moving the business climate forward. There are several Masters of Business Administration programs in Illinois, three of which made Businessweek's list of the top 85 business schools in the country. The University of Chicago's Booth School of Business was ranked number three, Northwestern University's Kellogg School of Management was ranked number seven and the University of Illinois' business school was ranked number 45. But despite these high rankings, all three Illinois schools have slipped in the ratings since the last time this list was released. Check out this chart at Reboot Illinois to see just how much Booth's and Kellogg's rankings have changed over the last 20 years.