Illinois Department of Commerce and Economic Opportunity (DCEO)
“Offering world-class infrastructure, unmatched workforce and a prime location in the Middle of Everything, Illinois is an established economic powerhouse offering more incentives than ever before. There’s never been a better time to do business in the Land of Lincoln.”
— Kristin Richards, Director,
Illinois Department of Commerce and Economic Opportunity (DCEO)
TARGETED GROWTH SECTORS
Electric Vehicles/Clean Energy: Illinois’ assets, including top megasites, workforce development, and competitive incentives, are supercharging the state’s EV/clean energy industry and ecosystem.
Manufacturing: From industry-leading food production plants to EV battery manufacturing, Illinois’ world-class workforce and infrastructure continue to grow our manufacturing industry.
Tech: With top quantum labs, universities, and competitive start up incentives, Illinois’ tech scene is fortifying its reputation as a leading innovation hub.
TOP PROJECTS
COMPANY | LOCATION | INVESTMENT |
Gotion’s New EV Battery Gigafactory in Manteno | Kankakee County | $2 billion |
Kraft-Heinz Distribution Center | DeKalb | $400 million |
Incobrasa | Gilman | $250 million |
UPSIDE Foods | Glenview | $141 million |
Gulfstream Aerospace | Cahokia Heights | $28 million+ |
FEATURED LOCATIONS
As the regional economic development hub for Illinois’ 17 southernmost counties, SI Now prioritizes a coordinated, rapid response approach. Centrally located within a two-day trucking distance from 80% of the U.S. population with major interstate access (I-57, I-24, I-64), three Class I Railroads, and inland waterways (Mississippi and Ohio Rivers), Southern Illinois boasts low-cost advantages for employers and high quality of life for employees.
The Village of Wheeling is the center of commerce in Chicago’s north suburbs, offering a central location, direct access to regional highways, freight and passenger rail service, and proximity to O’Hare and Chicago Executive airports.
Establish and grow your business in Wood Dale and discover a wealth of opportunities. Wood Dale is a desirable urbanized city with a prospering economy. With easy access to highways, rail transportation, and proximity to Chicago’s O’Hare International Airport, Wood Dale’s business community hosts a wide range of local, national, and global operations.
FAST FACTS
Population (July 2022 est.): 12,582,032¹
Largest Cities: Chicago (2,741,730); Aurora (180,355); Joliet (150,199); Naperville (149,279); Rockford (148,719)¹
Real GDP (2022): 798 billion²
¹U.S. Census Bureau
²Bureau of Economic Analysis, U.S. Dept. of Commerce
WORKFORCE DEVELOPMENT INITIATIVE
Reimagining Energy and Vehicles (REV Illinois): Offers up to 100% income-tax withholding for up to 30 years for priority clean energy manufacturers and industries.
Invest in Illinois Fund: New $400 million closing fund available to attract large-scale capital investment and job creators to Illinois.
TOP BUSINESS FACILITIES RANKINGS
#3 Food Processing | 2023 State Rankings |
Top 10 Film & Television | 2023 State Rankings |
#1 Industrial Parks: Elk Grove Business Park (Elk Grove Village | 2023 Metro Rankings |
#1 FTZ Activity (Imports): Chicago | 2023 Metro Rankings |
#2 Most Affordable (Mid-Sized; Over 50K Pop.): Decatur | 2023 Metro Rankings |
#3 Manufacturing Hubs (Small): Kankakee | 2023 Metro Rankings |
Top 5 Corporate Headquarters: Chicago/Naperville/Evanston | 2023 Metro Rankings |
Top 5 Logistics Leaders: Chicago | 2023 Metro Rankings |
Top 10 Smart Cities: Chicago | 2023 Metro Rankings |
Top 5 Financial Centers (North America): Chicago | 2023 Global Rankings |
LATEST NEWS
Chicago Offers Robust Business Climate
With a clear view on what the future holds, a Chicagoland location is a strong base for business, according to Kyle Schulz, Chief Growth Officer, World Business Chicago.
Business, Civic Leaders Build On Illinois’ Momentum
Incentives, ‘leading infrastructure,’ and a skilled workforce contribute to the influx of companies making moves in the Land of Lincoln.
BF Editors’ Blog: 2024 Solar Eclipse Economic Impact & Where To Watch
From the economic impact to opportunities to travel with family and friends to maximize the experience, anticipation is going strong across North America.