Illinois Department of Commerce and Economic Opportunity (DCEO)

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)


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.


Gotion’s New EV Battery Gigafactory in Manteno
Kankakee County
$2 billion
Kraft-Heinz Distribution Center
$400 million
$250 million
$141 million
Gulfstream Aerospace
Cahokia Heights
$28 million+


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.



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


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 5 AgriTech
2024 State Rankings
Top 10 AI Growth Hubs
2024 State Rankings
Top 10 Cybersecurity
2024 State Rankings
Top 10 EV Investment
2024 State Rankings
#1 Most Affordable Cities (Small): Decatur
2024 Metro Rankings
Top 5 Logistics Leaders: Chicago
2024 Metro Rankings
Top 5 FinTech Leaders: Chicago
2024 Metro Rankings
Top 10 Industrial Parks: Elk Grove Business Park (Elk Grove Village)
2024 Metro Rankings
Top 10 Manufacturing Hubs (Large): Chicago/Naperville/Elgin
2024 Metro Rankings
Top 10 Tech Talent Leaders (over 125K): Chicago
2024 Metro Rankings

From the July / August 2024 issue of Business Facilities


tech hubs

Tech Hubs Program Funding Round Invests $504M In 12 Locations

This program, initiated by the Biden-Harris Administration, aims to scale up the production of critical technologies with these new tech hubs.
2024 Business Facilities Economic Development Organization Awards

2024 Business Facilities Economic Development Organization Awards

Business Facilities' 2024 EDO Awards recognize efforts and initiatives that make a difference in communities across North America.
Logistics Hubs

Top Logistics Hubs For 2024

As shifting global conditions introduce new logistics leaders, longstanding hubs are reliable options for business.

Ferrero North America Opens Chocolate Processing Facility In Illinois

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Rivian Illinois

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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.
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Embracing new technologies will be an important avenue as growth is projected to continue in the manufacturing industry.