Thursday, January 10 2019
By Mark Peterson, President & CEO of Intersect Illinois
With the world’s 17th largest economy, Illinois is the undisputed economic leader of the Midwest. In 2017, new and expanding companies invested $5.3 billion in the state of Illinois, creating more than 26,000 new jobs, including 551 new projects in 128 different cities.
There are countless factors that contribute to these companies continuing to choose an Illinois location. A company looking for a manufacturing facility on a massive amount of land has very different needs then a technology or financial services company looking to be in the heart of an urban center. But the answer always comes down to data, and Illinois can almost always provide the best location for businesses based on that data.
Tuesday, January 09 2018
By Mark S. Peterson, President & CEO, Intersect Illinois
As many site selectors and consultants know, one of the most important factors when deciding on a location is talent. Fortunately, along with an unrivaled experience in numerous target industry clusters, its unparalleled infrastructure network, a superior quality of life, and the strong public support and partnerships, the state of Illinois also known for its exceptional talent and innovation. When combined, the choice becomes clear – Illinois is where business meets its next opportunity.
When I came to Illinois to begin my position as President and CEO of Intersect Illinois, the economic development organization whose purpose is to position the state of Illinois as one of the most innovative locations in the world, to attract new investment, jobs and economic prosperity, I made it a personal mission to familiarize myself with the state’s assets and attributes. One of the factors that stood out is the talent and depth of the Illinois workforce.
Wednesday, January 11 2017
While Chicago is affectionately called the “Second City,” Illinois is second to none as a center for global business. Illinois offers a vibrant economy and world-class business community, an educated and skilled workforce, infrastructure that facilitates the seamless movement of goods and people, and strong support for investment and growth.
As one of the largest and most diverse economies in the United States, and the 17th-largest economy in the world, Illinois draws companies from across a diverse range of industry. Thirty-seven Fortune 500 companies, including Boeing, Caterpillar and Abbott are headquartered in Illinois.
A vibrant business community and a culture of innovation attract the nation’s brightest minds. Illinois is a major magnet for new graduates, and with nearly a fourth of the state’s working-age population completing postsecondary education, has one of the most educated populations in the Midwest. With so many great advantages and assets, Illinois stands apart for the next home for your business.
Wednesday, January 13 2016
At the beginning of his second year in office, Governor Rauner remains committed to reforming Illinois state government and putting the state back on solid financial ground through fiscally-responsible budgets and growing the state’s economy. With a strong background in business, Governor Rauner understands the issues that matter to businesses and the importance of creating an environment that encourages innovation, entrepreneurship and investment in Illinois. One of Governor Rauner’s early priorities was to advocate reducing corporate and income taxes in Illinois, almost immediately resulting in a boost to the state’s business climate ratings. Governor Rauner has laid out a vision for economic development in Illinois that promotes broad-based growth by reducing the cost of business through comprehensive workers compensation and unemployment insurance reform, enhancing the assets that made Illinois a global economy, developing industry clusters with high-growth potential, and supporting small and midsize business owners and entrepreneurs. The governor has prioritized business attraction and retention, working closely with businesses in Illinois and beyond to explore how the state can be a partner in their success and growth.
Friday, March 20 2015
Bruce Rauner was sworn in as the 42nd Governor of Illinois on Jan. 12, 2015. As a result of his election and promises of change, Republicans have won the state’s top job for the first time in more than a decade.
His goal as governor is to create a more prosperous state, where everyone has an opportunity to succeed. The governor is focused on delivering value for taxpayers, creating a pro-jobs economic climate, ensuring world-class schools and educational options for every Illinoisan.
One of the many issues the new Governor will tackle in the first few months of office will be the state’s economic performance and his plan to “jump-start the economy.” Jobs and economic growth will likely be stimulated by reducing the state’s current income tax rate, freezing property taxes and reducing regulatory burdens to become more competitive with its neighbors.