Search
Close this search box.
Search
Close this search box.

CEO Guide to Site Selection

Illinois

GROWING VELOCITY IN THE EV INDUSTRY

Illinois is experiencing notable growth in the electric vehicle (EV) industry. In July 2023, Lion Electric opened a massive electrical commercial vehicle manufacturing plant in Joliet. The project is expected to create up to 1,400 jobs and represents the largest dedicated production site for zero-emission medium and heavy-duty vehicles in the U.S., with an expected annual production capacity of up to 20,000 vehicles annually. TCCI Manufacturing, in collaboration with Richland Community College and the Illinois Department of Commerce and Economic Opportunity, broke ground in August 2023 on a new electric vehicle (EV) Innovation Hub in Decatur. It will support the launch of the first Made in America electric compressor manufacturing facilities and support a new center to support electric vehicle growth. TCCI President Richard Demirjian said in a press release that it represents a historic investment in establishing a complete EV supply chain in the US, from suppliers to talent.

“We're making it easier for companies to do business in Illinois. We're investing in our skilled workforce. And we're modernizing our transportation systems, roads, ports and airports. Illinois is on the rise and open for business."
JB Pritzker
Governor

TAXES

0 %

top corporate income tax

# 0

on the Tax Foundation’s State Business Tax Climate Index ranking

EDUCATION

0 %

of students graduated high school in 2019

0 %

of adults age 25 and older have a bachelor’s degree or higher

UNEMPLOYMENT RATE

0 %

RIGHT TO WORK STATE

No

QUALITY OF LIFE

# 0

POPULATION GROWTH

0 %

decrease between 2010 and 2020

KEY INCENTIVES

EDGE (Economic Development for a Growing Economy): Offers tax incentives to encourage companies to locate or expand operations when there is active consideration of a competing location in another state.

Enterprise Zone Program: Offers state and local tax incentives, regulatory relief and improved governmental services to stimulate economic growth and neighborhood revitalization in economically depressed areas of the state.

Employer Training Investment Program: Offers grants to reimburse new or expanding companies of up to $500 for the cost of training their employees.

High Impact Business Program: For large-scale economic development projects located outside of eligible enterprise zone areas, Illinois offers a number of applicable tax incentives, such as sales tax exemption on building materials and utilities. To qualify, businesses must create at least 500 full-time jobs and make a minimum capital investment of $12 million or retain 1,500 jobs and invest $30 million.

EDCs

Illinois Department of Commerce and Economic Opportunity
illinois.gov/dceo/Pages/default.aspx

Intersect Illinois
intersectillinois.org

World Business Chicago
worldbusinesschicago.com

Together Chicago
togetherchicago.com/economic-development

HIGHLIGHTED PROGRAM OR INITIATIVE

In March 2023, the Illinois Finance Authority (IFA), in its role as the State Climate Bank, announced that it will be dispersing up to $1.3 billion in federal funds to eligible applicants to advance clean energy, climate, and equity goals as outlined by Illinois’ Climate and Equitable Jobs Act (CEJA) through climate finance and program deployment.

BIG DEALS

  • Prysmian Group announced in July 2023 a $64 million expansion and 80 new jobs in Du Quoin.
  • Lion Electric opened an electric vehicle manufacturing plant and created 1,400 jobs in Joilet in July 2023.
  • Incobrasa Industries LTD announced in September 2023 a $250 million expansion to its manufacturing facility.
  • Battery manufacturer Gotion announced in September 2023 a $2 billion EV lithium battery manufacturing plant and 2,600 new jobs in Manteno.
  • UPSIDE Foods announced in September 2023 a $141 million production facility and 75 new jobs in Glenview.

BIG COMPANIES

59 Fortune 500 companies headquartered in state, including:

  • Walgreens Boots Alliance
  • Archer Daniels Midland
  • State Farm Insurance
  • AbbVie
  • Deere
  • Allstate
  • United Airlines Holdings
  • Abbott Labs
Roundtable

Strategic Planning Workshop

1:00 - 5:00 pm

Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process

Executives expressed frustration with their current strategic planning process. Issues include:

  1. Lack of systematic approach (70%)
  2. Laundry lists without prioritization (68%)
  3. Decisions based on personalities rather than facts and information (65%)

 

Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns.  They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning.  Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process.  This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented.  If you are ready for a Strategic Planning tune-up, select this workshop in your registration form.  The additional fee of $695 will be added to your total.

To sign up, select this option in your registration form. Additional fee of $695 will be added to your total.

New York, NY: ​​​Chief Executive's Corporate Citizenship Awards 2017

Women in Leadership Seminar and Peer Discussion

2:00 - 5:00 pm

Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations. 

Limited space available.

To sign up, select this option in your registration form. Additional fee of $495 will be added to your total.

Golf Outing

10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS

General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.

The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.

To sign up, select this option in your registration form. Additional fee of $295 will be added to your total.