Learn more about relocating or expanding to IllinoisIllinois business climate, manufacturer incentives, and advantages of IL communities |
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Illinois Business Data*  Population: 12,910,409 Total Labor Force: 6,581,000 Unemployment Rate: 9.3% Number of Manufacturers: 18,142 Manufacturing Jobs: 785,534
Right to Work: No
Unemp. Ins. Tax: .70–8.4%
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Corporate Income Tax:
9.50% Sales Tax:
6.5%. Exemptions include: Machinery & equipment used in manufacturing. Property Tax:
Real property is assessed at 33.4% of market value, except in Cook County where industrial assessment is 36% and commercial assessment is 38%. No state tax on personal property. Leading Manufacturing Industries:
(by % of total manufacturing employment) 17% Industrial machinery and equipment 12% Fabricated metal products 12% Food and kindred products 9% Printing and publishing 8% Rubber and miscellaneous plastic products Largest Manufacturing Establishments:
(by number of employees) Caterpillar, Inc., Engine Div. (Mossville) - 4,950
Abbott Laboratories, Global Pharmaceutical Opers. (North Chicago) - 3,400 Navistar International Corp. (Lisle) - 3,000 Medline Industries, Inc. (Mundelein) - 3,000 Caterpillar, Inc. (Peoria) - 3,000 |
Counties with the Most Manufacturing Jobs:
Cook - 302,396 DuPage - 83,287 Lake - 58,578 Kane - 48,289 Winnebago - 31,363 Cities with the Most Manufacturing Jobs:
Chicago - 107,916 Elk Grove Village - 20,419 Rockford - 19,323 Elgin - 11,980 Aurora - 11,046 Manufacturing Related Business Incentives:
• Economic Development for a Growing Economy Tax Credit Program (EDGE)
• Tax Increment Financing (TIF) Districts • River Edge Redevelopment Zones • 0.5% corporate tax credit for investment in mining, manufacturing or retailing, plus an additional 0.5% if employment increases over 1%. • Manufacturer's Purchase Credit (MPC) (Sales Tax Credit) • Illinois Dept. of Agriculture AgriFIRST Grant Program • Advantage Illinois Capital Access Program (CAP) • Advantage Illinois Participation Loan Program (PLP) • Collateral Support Program (CSP) • Invest Illinois Venture Fund Program (IIVF) • Department of Commerce and Economic Opportunity (DCEO) Community Development Fund • Community Service Block Grant (CSBG) Loan Program • Enterprise Zone Participation Loan Program (EZ/PLP) • Illinois Finance Authority (IFA) • Manufacturing Modernization Loan Program • Revolving Line of Credit Program (RLCP) • High Impact Business (HIB) Program • Large Business Development Program (LBDP) • Employer Training Investment Program (ETIP) |
Economic development agencies, chambers of commerce, and other organizations and businesses to help with your relocation or expansion:
Illinois Department of Commerce & Economic Opportunity
DCEO's Office of Business Development administers a wide array of programs and services designed to help Illinois businesses thrive in today's economy. It offers expansion incentives, technology support services, access to capital, global marketing expertise, and job training and education for workers.
500 E Monroe Street, Springfield, IL 62701 (Map & Aerial View)
(800) 252-2923
www.commerce.state.il.us/dceo
Champaign County Economic Development Corp.
The CCEDC is a public-private partnership dedicated to fostering a cooperative, county-wide approach to economic development. It coordinates with a number of other key organizations in the area to promote an environment in which business thrives.
1817 S. Neil St., Ste. 100, Champaign, IL 61820 (Map & Aerial View)
(217) 359-6261
www.champaigncountyedc.org
Quad Cities First
Quad Cities First is the lead Bi-State economic development organization for Eastern IA & Western Illinois. Our centralized region, the only place in North America where the Mississippi River & Interstate 80 intersect, offers multi-modal transportation affording easy, cost-effective access to domestic & international markets.
622 19th St., Moline, IL 61265 (Map & Aerial View)
(563) 327-0160
www.quadcitiesfirst.com
Regional Economic Development Corporation
Promoting economic growth and industrial development in Williamson County and Southern Illinois.
2305 West Main Street, Marion, IL 62959 (Map & Aerial View)
(618) 998-8252
www.redco.org
South Central Regional Planning
Professional Planning Assistance; Technical Staff Assistance and Expertise; Innovative & beneficial business & community development; financing programs designed to backstop local public sector programs & cooperate with the conventional financing traditionally offered by the area's financial community; Grant Writing & Management Services; Sponsorship of Regionally-Administered Programs.
120 S. Delmar Ave., Ste. A, Salem, IL 62881 (Map & Aerial View)
(618) 548-4234
www.scirpdc.com
Will County Center for Economic Development
The CED is a dynamic organization that brings the public and private sectors together creating an environment where successful businesses will prosper by providing a forum for communication, cooperation, and collaboration between the public and private sectors.
116 North Chicago Street, Suite 101, Joliet, IL 60432 (Map & Aerial View)
(815) 723-1800
www.c-e-d.org
World Business Chicago
World Business Chicago (WBC) is the city's economic development office, coordinating business retention, attraction and expansion efforts in order to spur and accelerate economic growth. WBC raises Chicago's profile as a premier business destination and serves as a resource for companies.
177 North State Street, Chicago, IL 60601 (Map & Aerial View)
(312) 553-0500
www.worldbusinesschicago.com
Illinois Industrial News:
Industrial Guide Reports Illinois Manufacturers Saw One Percent Increase In Employment Over Past Year (2/19/2013)
Illinois Manufacturing Jobs Increased A Half Percent Over Past Year (2/7/2012)
Illinois Manufacturing Jobs Declined 2.9% Over Past Year (11/29/2010)
Illinois Manufacturing Jobs Declined 5.7% Over Year (1/8/2010)
Illinois Manufacturing Jobs Down 2.1% Over Past Year (1/16/2009)
State Industrial Directory Reports Illinois Manufacturing Jobs Down 1.5%; Plants Down 1.9% (1/29/2008)
State Industrial Directory Reports Illinois Manufacturing Jobs Down 2.7% (2/13/2007)
Illinois Gains Plants But Loses Manufacturing Jobs, Reports State Manufacturing Guide (2/20/2006)
Industrial Guide Reports Illinois Manufacturers Saw One Percent Increase In Employment Over Past Year (2/19/2013)
Illinois Manufacturing Jobs Increased A Half Percent Over Past Year (2/7/2012)
Illinois Manufacturing Jobs Declined 2.9% Over Past Year (11/29/2010)
Illinois Manufacturing Jobs Declined 5.7% Over Year (1/8/2010)
Illinois Manufacturing Jobs Down 2.1% Over Past Year (1/16/2009)
State Industrial Directory Reports Illinois Manufacturing Jobs Down 1.5%; Plants Down 1.9% (1/29/2008)
State Industrial Directory Reports Illinois Manufacturing Jobs Down 2.7% (2/13/2007)
Illinois Gains Plants But Loses Manufacturing Jobs, Reports State Manufacturing Guide (2/20/2006)
Looking to reach Illinois manufacturers? Access the Illinois Manufacturers Database compiled by MNI.
*Manufacturing stats updated on 5/17/2013. All other stats updated on 5/17/2013. Listings updated on 5/21/2013.
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