DOING BUSINESS IN ILLINOIS

Illinois Department of Commerce and Economic Opportunity (DCEO)
217-782-7500
CEO.TeamREDInquiries@Illinois.gov
dceo.illinois.gov

Doing Business In IllinoisOffering 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)
Doing Business In Illinois
Chicago is among the Top 5 Financial Centers in North America. (Photo: Enjoy Illinois)

  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

Southern Illinois NowAs 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.

Village of WheelingThe 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.

 


City of Wood DaleEstablish 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

From the July / August 2023 issue of Business Facilities

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