CEO Guide to Site Selection

Illinois

EXPORTING THE PRAIRIE

Illinois announced 2023 was a record-breaking year of export sales with more than $78 billion in exports,
thanks in part to the state’s trade and export promotion program. Convenient proximity to airports, rail lines and shipping ports helps companies move products to more than 200 countries. Top export markets include Canada, Mexico, Germany, China and Australia, and exports to Mexico have increased by 32 percent since 2019. The state’s manufacturing sector is also growing. In
February, Heartland Community College in Normal cut the ribbon on its new state-of-the-art manufacturing
training academy to help meet the region’s growing workforce needs.

“In the last five years, we’ve seen unprecedented response from companies that are seeing the investment made in Illinois and deciding that is the kind of ethos and vision they need in the home of their next business expansion…. We’re continuing that work more ambitiously than ever before, continuing to focus on a sustainable economic future that leaves no Illinoisan behind.”
JB Pritzker
Governor

TAXES

0 %

top corporate income tax

# 0

on the Tax Foundation’s State Tax Competitiveness Index

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 2020 and 2023

KEY INCENTIVES

EDGE (Economic Development for a Growing Economy): Offers annual corporate tax credits to qualifying businesses that support job creation, capital investment and improve the standard of living for all Illinois residents.

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 50 percent of 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

The Illinois’ 2024 Economic Growth Plan offers a five-year plan to guide the state’s economic development priorities and programming. It features a roadmap to attract record-level investments, create jobs and support communities over the next five years. The plan has four main goals: promote high-growth sectors, advance business growth and retention, promote equitable growth and build out the new clean energy economy.

BIG DEALS

  • Nexamp announced in January 2024 plans to invest $2 billion in the state and create more than 50 jobs.
  • Wieland North America announced in January 2024 plans to invest an additional $500 in its East Alton facility.
  • Primient announced in March 2024 a $400 million investment in new operations in Decatur.
  • Battery technology company Bedrock Materials announced in May 2024 it will locate its R&D center in Chicago.
  • Rivian announced in May 2024 a $1.5 billion investment and the creation of more than 550 full-time jobs in Central Illinois.
  • EV component manufacturer Ymer Technology announced in August 2024 the opening of its new U.S. headquarters in Buffalo Grove.

BIG COMPANIES

Thirty-two Fortune 500 companies headquartered in state, including:

  • Abbott Laboratories
  • AbbVie
  • Allstate
  • Archer Daniels Midland
  • Deere
  • Mondelez International
  • State Farm Insurance
  • United Airlines Holdings
  • Walgreens Boots Alliance
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.