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Illinois Resources Page
Inward Investment Guides

U.S. Legislative, Incentives, & Economic Development Policies Update

Jason Hickey, President, Hickey & Associates, LLC (Q1 2016)
Growing companies need to be aware of the many changes states are making to their incentives policies. More

Regional Report: Industrial Diversification Helps Midwest Meet Today’s Economic Challenges

Dale D. Buss, Staff Editor, Area Development (Directory 2016)
The largely Midwest-based automotive is humming along to record sales and hauling hundreds of companies in the region along with it while technology companies have begun to warm up to the talent and work ethic that resides in America’s heartland. More

Data Center Demand Emerges Throughout New Locations in North America

Area Development Research Desk (Directory 2016)
Data centers are key economic drivers in markets within which they operate, and operators have looked to be more efficient with their locations, expanding into regions with more flexible utility costs, incentives packages or lower taxes. More

Advanced Manufacturing Changing the Economic Landscape

Dale D. Buss, Staff Editor, Area Development (Q4 2015)
Across the country, states and localities are working with manufacturers to create and grow outposts for advanced manufacturing. More

Emerging Clusters Take Up the Technology Challenge

Dale D. Buss, Staff Editor, Area Development (Q3 2015)
Rivaling the reigning tech hubs, city and state leaders are seizing opportunities to grow their cutting-edge electronic and digital sectors. More

Top Airport Locations for Real Estate Investors

Area Development Research Desk (Q2 2015)
JLL’s Index evaluates airports based on criteria such as availability of industrial and warehousing space, access to large population centers, and air cargo growth prospects. This year’s highest ranked airport is Chicago O’Hare (ORD) with a score of 144.6, followed by Miami (MIA) at 120.9 and Los Angeles (LAX) with a 117.2. More

Infrastructure Investment: The Bridge to Economic Growth

Dale D. Buss, Staff Editor, Area Development (Q1 2015)
Although conditions vary, much of the nation’s infrastructure is in dire need of repair and/or replacement, affecting business in general and some companies — as well as their location decisions — in particular. More

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

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%
Source: Bureau of Economic Analysis