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Illinois Resources Page
Inward Investment Guides

Six Predictions Regarding the Industrial RE Market Recovery and How They Have Played Out

John Morris, SIOR, Industrial Services Lead for the Americas, Cushman & Wakefield, Inc. (Q4 2014)
When the industrial real estate recovery began, the trends that likely would drive its transformation and progress became a favorite discussion topic among industry practitioners. Just a few years later, our sector continues on a solid, positive trajectory. Now feels like a good time to look at whether those early prognostications have played out. More

Revolutionary Advances in Life Sciences amid Industry Disruption and Uncertainty

Mark Crawford (Q4 2014)
Major economic, social, and regulatory factors are having big impacts on the life sciences and medical device industries, representing an opportunity for innovative companies to become new leaders and gain market share. More

In Focus: New Development of Small Industrial Facilities Expected as Inventory Dwindles

James Martell, President, Ridge Development Company, LLC (Q3 2014)
Lack of inventory for smaller scale industrial facilities in certain markets has created more competition among tenants and is expected to prompt activity from regional and national industrial developers, bringing new, state-of-the-art buildings to market. More

Intermodal Boom Will Revolutionize Supply Chain Logistics and Industrial Real Estate Strategy

Richard H. Thompson, Managing Director and Americas Leader, Supply Chain & Logistics Solutions, Jones Lang Lasalle (Q3 2014)
A looming capacity shortage in the trucking industry — coupled with rail’s high efficiency — is causing logistics suppliers and transportation providers to turn their focus to intermodal solutions. More

The Changing Geography of the American Auto Industry

Dennis Cuneo, Managing Partner , Fisher & Phillips (Advanced Industries 2014)
Where is auto production currently concentrated, and where will the industry expand in the future? More

The Production and Corporate Headquarters Connection

John Minervini, Executive Director, Cushman & Wakefield of California, Inc. (Q2 2014)
In many key sectors, the initial alignment of corporate and production operations has shaped regions and influenced the industrial landscape in a very permanent way. More

Top Performing Airports in 2014 for Air Cargo and Industrial RE

Area Development Online Research Desk (Q2 2014)
Airports are increasingly focused on leveraging nearby commercial real estate assets and logistics corridors to position themselves as an essential link in the supply chain. In fact, some airports are now seeing more than 60 percent of their revenue derived from non-airline sources. More

Illinois Direct Financial Incentives 2014

Area Development Online Research Desk (Q1 2014)
Illinois' economic development, finance and tax organizations provide a range of incentive programs to initiate new business and commercial investment. More

ILLINOIS at a glance

POPULATION: 12,869,257 (2011)

LABOR FORCE: 6,585,583 (Sept. 2012)

RIGHT TO WORK: No

TRADITIONAL INDUSTRIES:Agriculture, heavy industry, financial services

EXPANDING INDUSTRIES: Administrative and support services, transportation and warehousing, employment services, fabricated metal product manufacturing, high-tech, biotech, sustainable energy, hospitals, food services and drinking placesn

COLLEGE GRADUATES: (Age 25 and over) 30.3% (2006-2010)

BASIC BUSINESS TAXES:
Corporate Income Tax: 7.0 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 0.0-3.25 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

Business Development Public Infrastructure 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)

Employer Assisted Housing Program

Illinois Finance Authority assistance

Advantage Illinois Revolving Line of Credit Program

River Edge Development Initiative

Advantage Illinois Capital Access Program

Advantage Illinois Participation Loan Program

Advantage Illinois Collateral Support Program

Invest Illinois Venture Fund

State Treasurer's Business Invest Program

Illinois Angel Investment Credit Program

New Markets Development Program

Green manufacturing development

Renewable energy development

Smart energy design assistance

Recycling expansion and modernization

Alternative fuels development

Small Business Job Creation Tax Credit

Illinois Historic Preservation Tax Credit Program

Principal Manufacturing industries

  • Fabricated Metal Products
    16.1%
  • Machinery
    13.7%
  • Food
    13.3%
  • Chemicals
    7.9%
  • Plastics and Rubber Products
    6.9%
  • Transportation Equipment
    6.1%
  • Computer and Electronic Products
    6.0%
  • Printing & Related Support Activities
    5.3%
  • Other Manufacturing Industries
    24.7%