DOING BUSINESS IN ILLINOIS
Illinois Department of Commerce and Economic Opportunity (DCEO)
217-782-7500
CEO.TeamREDInquiries@Illinois.gov
dceo.illinois.gov
“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
#2 Fastest Growing | 2024 State Rankings |
#1 Best Business Climate (Small): Idaho Falls | 2024 Metro Rankings |
#2 Best Business Climate (Small): Coeur d’Alene | 2024 State Rankings |
#3 Best Business Climate (Large): Boise City | 2024 Metro Rankings |
#3 Quality of Life: Boise | 2024 Metro Rankings |
Top 5 Best Business Climate (Small): Twin Falls | 2024 Metro Rankings |
Top 10 Best Business Climate (Small): Pocatello | 2024 Metro Rankings |