POPULATION: 12,910,409 (2009)
LABOR FORCE: 6,716,526 (July 2010)
RIGHT TO WORK: No
TRADITIONAL INDUSTRIES: Agriculture, heavy industry,
financial services
EXPANDING INDUSTRIES: Employment services, fabricated
metal products, mining, transit and
ground passenger transportation,
administrative and support services,
ambulatory healthcare services
COLLEGE GRADUATES: (Age 25 and over) 28.9% (2006)
BASIC BUSINESS TAXES:
Corporate Income Tax: 4.8 percent
on net income apportioned to
Illinois, plus an additional 2.5
percent for corporate personal
property replacement
Sales Tax: State rate of 6.25 percent
on retail purchases of tangible
personal property plus an optional
additional tax ranging from 0.0–4.0
percent in local jurisdictions
Property Tax: Real property only is
taxed and is assessed at 33.3
percent of fair market value;
statewide average property tax rate
is 7.3 percent (exception: Cook
County property is assessed at 38
percent for commercial property,
36 percent for industrial property,
and 16 percent for residential
property)
BUSINESS INCENTIVES
Economic Development for a
Growing Economy (EDGE) Program
Employer Training Investment
Program (ETIP)
Large Business Development
Program
Entrepreneurship Center Network
Participation Loan Program
Minority, Women and Disability
Participation Loan Program
Development Corporation
Participation Program
Illinois Capital Access Program
Business Development Public
Infrastructure Program
Enterprise Zone Participation
Loan Program
Enterprise Zone Program
(tax abatement)
High Impact Business Program
Tax Increment Financing Program
Community Development
Assistance Program
Community Services Block Grant
Loan Program
Foreign trade zones
Economic Development Program
(Illinois Dept. of Transportation)
State Treasurer's Employ Illinois
Program
Employer Assisted Housing
Program
Illinois Finance Authority Assistance
Renewable Fuels Development
Program
Large Customer Energy Analysis
Program (LEAP)
Small Business $mart Energy
Program (SB$E)
Revolving Line of Credit Program
River Edge Development Initiative
Small Business Job Creation Tax
Credit
