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Illinois Resources Page
Inward Investment Guides

Shale Oil & Gas Development Changing the Way the Nation Does Business

Charlotte Batson, Owner and Principal, Batson & Company (Q1 2015)
The development of oil and gas resources is driving infrastructure and manufacturing location decisions, while boosting U.S. competitiveness. More

Regional Report: Advanced Industry Clusters Fueling Growth in the Midwest States

Mark Crawford (Directory 2015)
Economic growth in the Midwest was steady in 2014, thanks to solid performances by the agriculture and manufacturing sectors, especially transportation equipment. The economy also got a boost from the surging energy sector, led by oil-shale production in Ohio, which improved sales for supporting industries like sand, chemicals, and steel drill pipe made in Midwestern steel plants. More

Urban vs. Suburban: Which Location Will Allow Your Company to Grow?

Julia Georgules, Vice President, Associate Director of Office Research, JLL (Q4 2014)
The key to urban vs. suburban or balancing millennial interests and boomer practicality is deciding which location and workplace strategy will accommodate growth. More

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

ILLINOIS at a glance

POPULATION: 12,882,135 (2013)

LABOR FORCE: 6,554,200 (2013 annual average)

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 places, machinery & chemical manufacturing

COLLEGE GRADUATES: (Age 25 and over) 32.2% (2013)

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 25 percent for commercial/industrial property and 10 percent for residential property)

BUSINESS INCENTIVES:
Economic Development for a Growing Economy (EDGE) Program

Employer Training Investment Program (ETIP)

Large Business Development Program

Business Development Public Infrastructure Program

High Impact Business Program

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)

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

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
    15.7%
  • Machinery
    13.8%
  • Food
    13.2%
  • Chemicals
    7.7%
  • Plastics and Rubber Products
    6.8%
  • Motor vehicles, bodies and trailers, and parts
    5.9%
  • Computer and Electronic Products
    5.5%
  • Other Manufacturing Industries
    31.3%