Business Climate

Chicagoland Industry Profiles

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Chicagoland Industry Profiles is a set of data-driven snapshots designed to help companies, investors, communities, and partners understand where and why our region competes globally. These profiles bring together the latest data on output, employment, talent pipelines, and industry ecosystems across Chicagoland’s priority sectors. They are built to support site selection, expansion decisions, policy alignment, and storytelling.


Chicagoland’s economy is defined by its remarkable industry diversity, with industry clusters competing globally. Chicagoland is a place where ideas are developed, products are made, and goods move efficiently to markets across the country and around the world. Its economy combines world-class research institutions, advanced production capabilities, and one of the most connected transportation networks on the continent.

These industry profiles highlight the key sectors that power Chicagoland’s economy and position the region for long-term growth. 


Manufacturing

Anchored by a historic legacy of innovation and craftsmanship, Chicagoland’s manufacturing sector is both deeply rooted and intensely future-focused. The region offers manufacturers a powerful combination of skilled labor, dense supplier networks, and world-class transportation, distribution, and logistics infrastructure. For firms looking to incubate and scale high‑value, specialized production with access to talent, suppliers, and efficient multimodal freight connections, Chicagoland offers one of North America’s most compelling platforms for manufacturing success.

View Manufacturing Industry Profile


Transportation, Distribution & Logistics

The Chicagoland region is a national leader in Transportation, Distribution & Logistics (TD&L), strategically located at the center of the country and anchoring U.S. supply chains through unmatched rail, highway, air, and inland port connectivity as a global crossroads for moving goods, freight, and people at scale. The industry is supported by modernized logistics networks, e-commerce, and automation, while providing diverse jobs and training pipelines.

View Transportation, Distribution & Logistics Industry Profile


Finance & Insurance

Chicagoland is a premier U.S. finance and insurance hub, distinguished by its global exchanges, numerous major industry corporations either headquartered or having a key presence in the region, deep talent pool, and growing fintech sector. Its diversified financial ecosystem and central location drive high-wage employment, innovation, and sustained industry growth.

View Finance & Insurance Industry Profile


Professional Services

Chicagoland stands out as a premier headquarters destination for professional, scientific, and technical services , offering a robust ecosystem of consulting, legal, advertising, tech expertise, and more to fuel corporate success. With a deep set of top-tier firms and specialized talent, the city drives innovation in AI, analytics, and high-value services — creating high-wage jobs and inclusive growth while supporting seamless business expansion in a thriving and connected hub.

View Professional Services Industry Profile


Food Manufacturing

Anchored by a long legacy as the nation’s food capital, Chicagoland is home to the #1 food manufacturing cluster in the U.S., producing everything from packaged foods and beverages to ingredients and advanced food technologies. The region combines one of the country’s largest and most experienced food production workforces with a dense network of suppliers, co-packers, packaging firms, and R&D institutions. Supported by unmatched TD&L infrastructure, food manufacturers in Chicagoland can efficiently source inputs, innovate new products, and reach national and global markets—making the region one of North America’s premier platforms for scaling food production.

View Food Manufacturing Industry Profile


Life Sciences

Chicagoland is one of the nation’s leading life sciences hubs, thanks to its world-class R1 universities, medical schools, federal and corporate R&D, and growing lab space, especially in Chicago and Lake County. This ecosystem is fueling biotech and pharmaceutical innovation through specialized manufacturing, a deep talent pipeline, and investments in AI and bioinformatics, helping the region compete with top national markets at a fraction of the cost.

View Life Sciences Industry Profile


Digital Tech

The Chicago region’s digital tech industry is a fast-growing engine of innovation, especially in advanced computing and AI. A robust workforce that includes software, data, and fintech talent attracts R&D and nurtures startups while creating powerful cross-industry synergies across healthcare, logistics, finance, and manufacturing — supporting a more adaptable and inclusive regional economy.

View Digital Tech Industry Profile


Data Centers

Chicagoland is a key market for data centers, given its central location and proximity to industry users, such as finance and technology. State incentives, as well as power, talent, and land availability have driven industry growth. Moreover, the market is gearing up for the next generation of users, including demand for hyperscale and colocation data centers. Consumer patterns and increased computing capabilities — like AI and quantum — are driving increased data center needs.

View Data Centers Industry Profile


Quantum

Chicagoland is rapidly emerging as a national leader in the quantum industry, fueled by federal investment and a highly collaborative research and business ecosystem. Catalytic initiatives are accelerating commercialization and positioning the region for large-scale quantum development, as well as delivering new economic opportunities for Chicago’s South Side. Breakthroughs in computing, communications, sensing, and cybersecurity are poised to transform industries critical to Chicagoland — including finance, transportation, logistics, and healthcare — creating a long-term competitive advantage.

View Quantum Industry Profile


Vibrancy Industries

Chicago is one of the most vibrant cities and metro areas in the nation. The region’s collection of “vibrancy industries” — interconnected sectors that bring places to life by combining culture, mobility, design, entertainment, food, retail, and visitor activity — help create dynamic places where people want to live, work, and explore. Together, these industries represent one of Chicagoland’s strongest value propositions for attracting businesses, visitors, and talent.

View Vibrancy Industry Profile


Why Chicagoland

Chicagoland’s diverse economy and centralized location make it a magnet for business investment, entertainment and skilled talent attraction. Companies continue to choose Chicagoland to locate and grow. The proof is in the numbers: for thirteen years running, Chicagoland has been crowned by Site Selection Magazine the #1 metro area in the U.S. for corporate relocations and expansions. And Chicago belongs on the global stage: Kearney’s 2025 Global Cities Index once again named Chicago as one of the top 10 cities in the world. Moreover, the Chicagoland area is growing, adding 70,762 people between 2023 and 2024 — the ninth most among metro areas. Transformation and resilience are a core part of our identity, positioning the Chicago metro area as a global economic powerhouse.

Business Climate

GCEP 2025 Year in Review


View the GCEP 2025 Year in Review here.


Letter from GCEP Leadership

Dear Partners & Friends,

If we could call the first year of the Greater Chicagoland Economic Partnership (GCEP) an exploration of structured regionalism in the Chicagoland area, and the second year an expansion of it, then 2025 can only be characterized as a year of maturation and acceleration. Building upon the momentum and collaborative frameworks established in previous years, 2025 reinforced our commitment to elevating Chicagoland as a unified economic force on the global stage. This year marked several significant milestones that demonstrate the strength of our regional partnership:

Growing Our Capacity: GCEP expanded its team, enhancing our ability to serve the region’s economic development priorities with greater depth and strategic focus. This investment in our organizational infrastructure reflects our commitment to sustainable, long-term, data-driven regional collaboration.

Global Market Engagement: GCEP members participated in a trade delegation to Japan, strengthening vital international relationships and creating opportunities for cross-border investment and trade. This mission underscored Chicagoland’s position as a globally connected business hub and demonstrated our proactive approach to attracting international capital and fostering partnerships in key markets.

Celebrating Major Economic Wins: Throughout 2025, our region secured significant business investments and expansions, from companies like Abbott Labs and Osaka Soda, that validate our collective efforts. These victories span diverse sectors and reflect the breadth of Chicagoland’s competitive advantages—from our world-class talent pool and strategic location to our innovation ecosystem and business-friendly environment.

As we’ve stepped into the roles of Chair and Vice Chair this year, we’ve been consistently inspired by the dedication of our member organizations and the genuine spirit of collaboration that defines GCEP. The willingness of economic development leaders across our counties to work together, share resources, and champion the region as a whole continues to set Chicagoland apart.

We find ourselves in a period of both tremendous opportunity and considerable uncertainty. While external forces—national policy shifts, global economic headwinds, and evolving market dynamics—remain beyond our control, what we can shape is the trajectory of business growth in Chicagoland. That’s precisely where GCEP focuses its energy: on strategic, collaborative action that delivers results.

The pages that follow detail the work accomplished in 2025—work that positions Chicagoland not just to weather uncertainty, but to thrive in it. We invite you to review this progress and to continue standing with us as champions of this remarkable region. Together, we’re building something enduring: a super region with unmatched assets, unified purpose, and unlimited potential.

Thank you for your partnership and your unwavering belief in Chicagoland’s promise.

Sincerely,

Kevin Considine 
Chair, Greater Chicagoland Economic Partnership
President & CEO, Lake County Partners

Doug Pryor
Vice-Chair, Greater Chicagoland Economic Partnership
President & CEO, Will County Center for Economic Development


View the GCEP 2025 Year in Review

Business Climate

Illinois Ranks #2 for Corporate Expansion Projects, 4th Year in a Row

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As the state’s business-led economic development organization, the Illinois Economic Development Corporation (Illinois EDC) is proud to share that Illinois ranks second for corporate relocations and expansions, according to leading economic development trade publication Site Selection.

“Illinois EDC has seen a surge of companies interested in moving to or growing in Illinois, and for good reason. Illinois offers a prime location and strong infrastructure, a balanced and resilient economy, and a diverse and skilled talent pool—the very requirements businesses want and need to thrive,” said Illinois EDC President and CEO Christy George. “Illinois’ streak of serving as a national leader for businesses demonstrates Illinois’ desirability, and the sustained trajectory is proof the hard work put into making Illinois attractive to job creators is paying off.”

This ranking reflects growth across the entire state, as Illinois is focused on strengthening the economy and expanding opportunity from Rochelle to Rantoul, Mattoon to Mt. Vernon, and Chicago to Collinsville,” said Illinois EDC Chairman John Atkinson. “The Pritzker administration’s steady focus on a stable budget, preparing sites so they’re open for development, and updating incentives has put Illinois at the forefront of economic development.”

Site Selection’s Governor’s Cup rankings are widely viewed as the economic development standard-setter.

Some fast facts about the findings of the “industry scorecard” for calendar year 2025:

This is Illinois’ fourth year ranking as #2 in the rankings (2022, 2023, 2024, 2025)

  • Illinois was runner-up in both cumulative and per-capita categories
  • A total of 680 Illinois projects qualified

This is the Chicago metropolitan area’s 13th year ranking as #1 Top Metro 

  • The metro area covers Chicago-Naperville-Elgin
  • The metro saw 606 qualifying projects

Three Illinois communities ranked within the Top 100 Micropolitans:

  • Charleston-Mattoon (tied with others for 25th)
  • Galesburg (tied with others for 25th)
  • Rochelle (tied for 40th)

Only major projects qualify. To be counted in the “Conway Projects Database,” projects must meet one or more of the following criteria:

  • Investment of $1 million or more
  • Creation of 20 or more new jobs
  • 20,000 square feet or more of new space

Team Illinois is led by Governor JB Pritzker and comprises the state Department of Commerce and Economic Opportunity (DCEO), local economic development organizations and real estate and utility leaders, and is lifted by Illinois EDC’s CEO-led board of directors.

“Capital flows to places where there’s momentum and confidence. Illinois’ performance in 2025 reflects both. For companies evaluating where to deploy significant investment, this kind of sustained showing creates a cycle of success, and that’s exactly what we’re seeing across Illinois,” said  Jim Reynolds, CEO of Loop Capital and Illinois EDC chairman emeritus.

“Manufacturers are leading the business boom in Illinois, driven by an ecosystem that supports innovation and cutting-edge technology. Our success is built upon a best-in-class workforce, comprehensive infrastructure, central location, and access to water,” said Mark Denzler, president and CEO of the Illinois Manufacturers’ Association. “Advanced manufacturing is driving the future economy, spurring growth and sustainability in communities throughout Illinois. We look forward to building on this momentum with new investments in safe, reliable and affordable energy including gas and nuclear, streamlining permitting processes, and continued development of data centers that are the foundation of a modern and innovative economy that includes advanced manufacturing and quantum computing.

Illinois EDC contributed to significant projects. New companies coming to Illinois on account of Illinois EDC and its Team Illinois partners include Pure Lithium, which moved its entire operations from Boston to Chicago to manufacture commercially viable lithium metal batteries, Damera Corporation which plans to make electric buses at first U.S. assembly plant in Greater Peoria, and Epic Pharma Solutions Inc. which will produce IV solutions at its first U.S. facility in Pekin. Illinois’ ascent as a leader in quantum also had new tenants agreeing in 2025 to join the Illinois Quantum and Microelectronics Park on Chicago’s South Side, including  DiraqInfleqtionPasqal,and Silicon Catalyst.

Business Climate

Chicagoland Named #1 U.S. Metro for Corporate Relocation & Site Selection

Chicagoland #1

$1.7B in Earnings, 26.3M Sq. Ft. of Space & 19,600 Jobs Fuel Top Ranking

The Chicagoland region has again been named the top U.S. metro for corporate relocation and site selection by Site Selection Magazine, marking a record 13th consecutive year in the No. 1 position. The annual ranking, based on verified corporate facility projects, is widely regarded as a measure of business expansion and investment activity nationwide and reflects the region’s unmatched talent pipeline, infrastructure, connectivity, and business climate.

“Chicago’s continued leadership in corporate relocation and expansion reflects the strengths our city has built over generations,” said Mayor Brandon Johnson. “From manufacturing and freight to transportation and global logistics, we have long served as the backbone of American commerce. That industrial depth, combined with modern infrastructure and a skilled workforce, is why companies continue to choose Chicago to grow, invest, and innovate. Recent commitments from Universal Horror Unleashed, Hexaware Technologies, The Hand and The Eye, Freedman Seating Company, Infleqtion, and the collaboration between David Byrne and The Goodman demonstrate that our historic strengths continue to power new industries and new opportunities.”

World Business Chicago (WBC) tracks corporate expansions, relocations, and new market entrants across the city and the Chicagoland region through its Pro-Chicagoland Decisions (PCDs) metric. The WBC Research Center dataset captures announced office, industrial, headquarters, warehouse, data center, and call center projects that meet defined square footage and employment thresholds, i.e., a standardized measure of business investment and growth in the city and region.

In 2025, WBC recorded 223 qualifying PCDs, a 40% year-over-year increase. These projects include companies expanding existing local operations, relocating from outside the region, or entering the Chicagoland market for the first time. Based on WBC’s methodology, this activity corresponds to an estimated 19,600 new and retained jobs, $1.7 billion in annual earnings, and more than 26 million square feet of commercial and industrial space. The pace of expansion and market entry outperformed 2024 totals and reflects sustained business confidence in the region’s workforce, infrastructure, and market access.

“Site Selection Magazine’s annual rankings once again underscore the scale of Chicagoland’s business momentum,” said Adam Bruns, Editor in Chief, Site Selection Magazine. “All told, more than 3,100 corporate facility projects qualifying for our database landed last year in the 30 U.S. metros listed among the top 10 by total projects in each of three population tiers. Chicagoland’s projects represented nearly 20% of the total. Those are some mighty big shoulders. Mayor Brandon Johnson is fond of the Scripture that says, ‘Where your treasure is, there your heart will be also.’ The quantity of corporate treasure pouring into his city and the entire region seems to indicate the economic heart of this globally connected heartland region is beating like never before.”

INDUSTRY BREAKDOWN: POWERING ECONOMIC GROWTH

WBC’s 2025 PCDs reflect a diversified economy performing across both legacy industries and high-growth sectors. Across 223 total projects, companies invested in areas that combine production scale, innovation capacity, logistics strength, and consumer-driven vibrancy — translating directly into jobs, capital investment, and long-term competitiveness.

  • Manufacturing remained the largest sector, accounting for 38% of all projects (86 total) and delivering 2,806 new jobs — reinforcing the region’s strength in advanced production and reshoring activity.
  • Professional, Scientific & Technical Services represented 16% (36 projects) and 632 new jobs, highlighting continued expansion in engineering, technology, and innovation-driven enterprises.
  • Transportation & Warehousing comprised 13% (29 projects) and 225 new jobs, reflecting sustained demand for Chicagoland’s unmatched multimodal logistics infrastructure.
  • Finance & Insurance accounted for 6% (14 projects) and 190 new jobs, with growth across financial services, insurance analytics, and fintech-related operations.
  • Retail, Arts & Entertainment, and Accommodation & Food Services collectively contributed 2,550 new jobs — underscoring the growing economic impact of talent-driven industries and destination-oriented investment.

Among the largest projects counted in the 2025 Site Selection ranking include:

  • Amazon – 1,200 jobs (Will County)
  • Hollywood Casino Joliet – 600 jobs (Will County)
  • NBC Universal Horror Unleashed – 400 jobs (Chicago)
  • Fortune Brands Innovations – 400 jobs (Lake County)
  • Hexaware Technologies – 250 jobs (Chicago)

 “Chicago wins because of structural advantages— central geography at the heart of North American trade, the busiest multimodal freight network in the country, unmatched global connectivity through O’Hare, and a 5.5 million–person workforce that spans advanced research to essential operations,” said Phil Clement, President & CEO, World Business Chicago. “Add nearly 150,000 students entering our regional economy each year, competitive utilities, abundant water, scalable industrial space, and a deliberate focus on vibrancy as an economic driver, and you have a region built for sustained growth.”

Clement noted that the organization’s long-term strategy, Chicago 2050 | A Plan for Economic Growth and Jobs, outlines a roadmap to grow the regional economy from approximately $950 billion today to more than $1.4 trillion by 2050. The plan emphasizes that sustained growth will depend not only on established sectors such as manufacturing, TD&L, and finance, but also on the economic power of big ideas like quantum, clean energy, and vibrancy. Download the full Chicago 2050 report here.

In Chicago, vibrancy is not peripheral to economic growth. It contributes directly to it. Cultural and experience-driven investments attract talent, increase visitor spending, activate commercial corridors, and strengthen the city’s global profile. Projects such as David Byrne’s Theatre of the Mind, Universal’s Horror Unleashed, and The Hand and the Eye, which is transforming a historic Michigan Avenue mansion into what is described as the world’s only permanent magic and illusion residency venue, demonstrate how adaptive reuse and creative reinvention are expanding the economic potential of existing assets while complementing new development across the city. As WBC advances the Chicago 2050 Plan for Economic Growth & Jobs, this convergence of culture, design, and technology reinforces a broader principle: long-term competitiveness depends not only on infrastructure and industry, but also on how it strengthens the vitality that attracts people and investment.

ONE REGION, ONE VISION

The Site Selection Top Metro ranking reflects the strength of a city and region that competes — and wins — as one. Through the Greater Chicagoland Economic Partnership (GCEP), Chicago and Cook, DuPage, Kane, Kendall, Lake, McHenry, and Will counties align around a unified strategy to attract capital, grow industry, and scale opportunity across the entire seven-county footprint. Learn more about GCEP here.

“This recognition reflects the evolution of Chicagoland as a fully integrated economic region,” said Kevin Considine, Chair of the Greater Chicagoland Economic Partnership and President & CEO of Lake County Partners. “Major investors aren’t evaluating city or county boundaries — they’re looking at regional scale, talent depth, infrastructure, and long-term competitiveness. Chicagoland delivers on all of it. The continued expansion of companies like Fortune Brands reinforces the confidence corporate leaders have in our collaborative model and our ability to execute.”

That confidence is translating into concrete investment decisions across the region, spanning advanced manufacturing, logistics, corporate headquarters, and global consumer brands. Companies are expanding operations, deepening their footprint, modernizing facilities, and committing long-term capital in communities across Chicagoland.

“Consolidating and expanding our headquarters in Deerfield was a strategic decision rooted in long-term growth,” said Kristin Papesh, Chief Human Resources Officer of Fortune Brands Innovations. “Chicagoland offers the talent depth, connectivity, and collaborative ecosystem we need to accelerate innovation and operate at scale. Our new campus is already strengthening engagement and speed to market — and this region provides the workforce and business environment that positions us for sustained success.”

In 2025, GCEP strengthened cross-county coordination and expanded international engagement, including hosting SelectCHI for global decision-makers and leading a strategic trade mission to Japan. Operating through WBC as the region’s convener, the GCEP supported major investments by Abbott Laboratories, Fortune Brands, and Osaka Soda. By aligning governments, industry, and workforce partners, the region competes as one, resulting in new jobs, expanded facilities, and long-term capital investment.

The Site Selection Top U.S. Metro ranking affirms that Chicago’s economic strength extends across a fully connected network of industries, institutions, and counties. From advanced manufacturing and logistics hubs to research universities and innovation centers, the region operates as one coordinated economic system. That alignment converts corporate interest into executed investment and measurable growth.

“Chicago is the greatest city in the world to build, grow, and scale a business,” said Mayor Johnson. “If you are planning your next phase of expansion, whether next year or over the next generation, let’s talk. All of us are ready to help you realize your plans, meet your goals, and become part of Chicago’s next chapter of growth.”


Regional Leaders Declare Chicagoland a National Model for Corporate Growth & Investment

DuPage County | Deb Conroy, DuPage County Chair:

“We are very pleased and proud that Site Selection Magazine has recognized the Chicagoland region for business expansion and relocation for an unprecedented 13 consecutive years.  This recognition reinforces our firm belief that Chicagoland is benefiting from our collective efforts concerning matters critical to business expansion and future growth.  We will continue to work hard and promote the region as a premier global business location.”

Cook County | Toni Preckwinkle, Cook County President:

“This recognition reflects the strength of Northeastern Illinois as a region that competes and succeeds through collaboration, talent and long-term investment. Our diverse economy, world-class workforce and growing innovation sectors, including quantum and advanced manufacturing, position us to lead in a rapidly changing global marketplace. Earning the top ranking once again underscores the value of the Greater Chicagoland Economic Partnership and our shared commitment to attracting new investment, supporting existing businesses and driving sustainable growth across Northeastern Illinois.”

Kane County | Corinne Pierog, Kane County Board Chairman:

“The Kane County Economic Development Organization, now in its second year, has strengthened and modernized our approach to economic growth. Now fully operational, the organization is advancing strategic partnerships and targeted financial tools to drive expansion in manufacturing, agriculture and tourism, sectors that define Kane County’s competitive advantage.

In collaboration with the Greater Chicago Economic Partnership and World Business Chicago, Kane County is firmly positioned as a competitive job generator on both the regional and global stage. That momentum is reflected in the Chicagoland region’s recognition by Site Selection Magazine for business expansion and relocation for an impressive 13 consecutive years.

The Kane County Economic Development Organization’s mission is centered on collaborative and sustainable business recruitment, workforce alignment, international engagement, and the continued affirmation of our agricultural industry, ensuring Kane County grows as a dynamic, multi-level hub for innovation, job creation, and long-term economic prosperity.”

Kendall County | Matt Kellogg, Kendall County Board Chairman:

“This recognition affirms what we see in Kendall County every day: businesses are choosing to invest in communities that are ready for economic development. As part of the Greater Chicagoland Economic Partnership, Kendall County understands that our success is tied to the strength and appeal of the entire region. Through this partnership, we now compete on a global stage while delivering local results to our residents. From manufacturing to logistics and professional services, Kendall County offers substantial land, a skilled workforce, and strategic access to major transportation corridors. We remain committed to smart growth that brings high-quality jobs and long-term opportunities to the region. As our population continues to grow exponentially, our infrastructure and capacity only improve further for continued economic development.”

Lake County | Sandy Hart, Lake County Board Chair:

“Chicagoland’s continued recognition as the #1 U.S. Metro for corporate relocation and site selection speaks volumes about the strength of our regional collaboration, diverse talent pipeline, and world-class infrastructure. Lake County is proud to play a key role in that success story. In 2025, Lake County was named one of the top 10 counties in the U.S. for site selection and celebrated its strongest year on record for capital investment and job creation.

When businesses choose this region, they’re choosing innovation, connectivity, and communities that are committed to sustainable, long-term growth. We will continue working with our partners across the region to ensure companies and people not only relocate here but thrive as well.”

McHenry County | Michael Buehler, McHenry County Board Chairman:

“For 13 straight years, Site Selection Magazine has recognized the Chicago Metro area’s unmatched economic strength—its world-class workforce, infrastructure, innovation, and business climate. No region can match what we bring to the table for job creators, investors, and innovators, big and small. McHenry County is proud to join the City of Chicago, and our county and municipal partners in the Greater Chicagoland Economic Partnership, in celebrating this milestone.”

Will County | Jennifer Bertino Tarrant, Will County Executive:

“The Chicagoland Region continues to lead the nation in attracting large-scale projects that deliver high-wage, sustainable careers. By working together, local leaders throughout the region have been able to harness our shared assets, drive development, and deliver results for our residents. It’s important that we keep this momentum going to ensure continued investment in our communities.”

Business Climate

ComEd Unveils New Power Infrastructure Upgrades at Itasca Substation

ComEd Itasca

Significant upgrades to transmission systems will boost reliability, support economic growth for the region

ITASCA (July 15, 2025) – ComEd today joined business and community leaders from Itasca and the surrounding area for a ribbon cutting event to mark the completion of a critical infrastructure investment at the transmission substation located in Itasca. These investments continue to support economic growth, prepare the region for future power needs, and increase reliability and resiliency of the local transmission system.

“ComEd has one of the most reliable grids in the nation, and that is a direct result of investments like the one we are celebrating today,” said Gil Quiniones, President & CEO of ComEd. “At a critical a time when severe weather and electrification are on the rise, we are strengthening the region’s energy infrastructure to support the growing needs of our communities and the companies who do business in northern Illinois.”

The projects in Itasca are part of a series of transmission upgrades that ComEd is performing in the region. Over $1 billion in investments is planned for the energy needs and electricity capacity growth for homes and businesses in the Western O’Hare region of Illinois.

“At Choose DuPage, we work to position DuPage County and Chicagoland as a premier global business location – attracting companies to invest and grow in our region. Having reliable electric infrastructure is a critical component in our ability to do this,” said Greg Bedalov, President & CEO, Choose DuPage. “As we draw nearer to the completion of the Western Access O’Hare project, we’re seeing more opportunity in this area and these upgrades will help us meet that demand, while positioning the region for success in the future.”

This substation project in Itasca was launched in 2022 and boosts the capacity and resiliency of the bulk 345kV transmission system, a high voltage network that moves power from generation locations to areas of the region where power needs are most concentrated, serving commercial and residential customers alike. The project also delivers hardening measures critical to ensuring the grid remains secure and flexible to withstand increased demand due to more frequent and severe weather events, as well as the growth of businesses, electrification and renewable energy.

“This project took a lot of effort and teamwork to get done,” said Mayor Jeff Pruyn, Village of Itasca. “Because of that work, our region’s power system is stronger and more reliable, helping keep homes, schools, and businesses running without interruption.”

Capital upgrades include expansion of high voltage lines, new large power transformers and new gas insulated switchgear technology. ComEd worked closely with the Village of Itasca to develop the project in a way that maximizes security of the site, while minimizing visibility of infrastructure from Prospect Avenue and residential neighborhoods to the west and IL-390.

“Reliable power infrastructure is essential to keeping our region competitive and prepared for future growth. The $96 million in upgrades to the Itasca substation will strengthen our electric grid while creating jobs and supporting local business across the area,” said Illinois State Representative Jennifer Sanalitro. “Thank you to ComEd and their partners on this project for their commitment to enhancing grid reliability for Illinois residents and businesses.”

Construction on the $96 million project first kicked off in 2022, and was led by local, certified DBE construction firm, Ruiz Construction Systems.

“Today’s ribbon-cutting ceremony marks a major milestone in ComEd’s continued commitment to modernizing and strengthening the region’s electrical infrastructure. Ruiz Construction Systems is proud to have contributed to the successful completion of the TSS101 Substation and is honored to support ComEd’s forward-looking vision for a more resilient energy future.

This new facility stands as a testament to the shared commitment between ComEd and the Village of Itasca to invest in infrastructure that supports growth, innovation, and long-term economic development. It represents the kind of progress that ensures our communities are equipped to meet the demands of tomorrow.

Ruiz Construction Systems is thrilled to support ComEd’s mission to enhance and future-proof Illinois’ energy infrastructure. As our region’s energy needs continue to evolve, we remain dedicated to delivering innovative solutions that foster progress, drive economic growth, and ensure a resilient future for all. Together, we are not just building infrastructure, we are laying the foundation for what comes next.”

ComEd’s investments in modernizing the grid have led to record-breaking advancements in reliability and are helping bring more businesses to the region every year. Last year alone, ComEd helped bring 15 new commercial projects to northern Illinois, with these facilities set to add nearly 1,400 jobs and more than $17 billion in local capital investment from those new businesses.

Business Climate

13 DuPage Businesses Make Crain’s ‘Fast 50’

Fastest Growing companies

Crain’s Chicago Business has released their latest ‘Fast 50’ list, which ranks Chicagoland businesses based on their revenue growth over the past five years.

This year, an impressive 13 DuPage County businesses made the list, including Choose DuPage board member Wavicle Data Solutions. 2024 marks Wavicle’s 6th consecutive appearance.

Scroll down to see the other DuPage businesses that made the list and get the full ‘Fast 50’ here.

DuPage County’s Fastest Growing Companies

COMPANY NAME LOCATION
DOUBLE GOOD BURR RIDGE
RWE DESIGN BUILD DOWNERS GROVE
CULTIVATE BRANDS OAK BROOK
RHM STAFFING SOLUTIONS OAK BROOK
AIT WORLDWIDE LOGISTICS ITASCA
OSM WORLDWIDE GLENDALE HEIGHTS
IMPACT ADVISORS NAPERVILLE
PARTS TOWN UNLIMITED ADDISON
ACTION PACKAGING BENSENVILLE
ARCO/MURRAY NATIONAL CONSTRUCTION DOWNERS GROVE
W.S. DARLEY ITASCA
ROYAL CYBER NAPERVILLE
WAVICLE DATA SOLUTIONS OAK BROOK
Source: Crain’s Fast 50, 2025  

Learn more about doing business in DuPage County, Illinois

Business Climate

SyBridge Technologies Expands Partnership with Carbon, Inc. to Enhance North American Manufacturing Capabilities

SyBridge

SyBridge Technologies, a leader in advanced manufacturing solutions, is pleased to announce the significant expansion of its partnership with Carbon, Inc., a pioneering 3D printing company known for its Digital Light Synthesis™ (DLS™) technology.

As the first phase of this investment, SyBridge is more than doubling its dedicated manufacturing space at its Chicago-area headquarters, with a focus on DLS capacity expansion. This strategic collaboration underscores SyBridge’s commitment to investing in cutting-edge manufacturing capabilities and its dedication to scaling operations to meet increasing demand and support North American customer reshoring initiatives.

Carbon’s Preferred North American Partner

This plant expansion also marks a milestone in the growing partnership between SyBridge Technologies and Carbon, strengthening their commitment to scaling additive manufacturing in North America. Since partnering eight years ago, SyBridge has printed almost 2 million DLS parts, demonstrating extensive experience and reliability.

“We’re thrilled to further strengthen our relationship with Carbon as a preferred North American partner for high-volume DLS applications,” said Byron J. Paul, CEO of SyBridge Technologies. “This investment establishes SyBridge as the largest domestic solution for cost-effective, high-volume DLS production, enabling American companies to localize manufacturing, reduce supply chain risks, eliminate tariff exposure, and lower total production costs.”

Philip DeSimone, CEO, Carbon, stated, “SyBridge has been an invaluable partner in advancing the adoption of DLS in North America. This latest expansion reinforces its position as a leader in high-volume additive manufacturing giving our customers globally a North American production partner that can help reduce dependence upon overseas contract manufacturers. SyBridge’s commitment to innovation and efficiency aligns perfectly with Carbon’s vision for the future of manufacturing.”

The DLS Manufacturing Advantage

Carbon’s DLS technology delivers significant advantages over traditional manufacturing methods:

  • Engineering-Grade Materials: Carbon’s materials portfolio delivers predictable mechanical responses for end-use parts.
  • Enhanced Design Freedom: The technology enables complex geometries that could not be made with other forms of manufacturing and excels in flexible lattices for foam replacement applications.
  • Accuracy and Repeatability: The Carbon DLS process offers excellent accuracy and repeatability, within tolerances as tight as +/-40 μm.
  • Consumer-Grade Production: The Carbon platform enables end-use consumer products that offer comfort, performance, and protection benefits with extensive color capabilities and options for customization.
  • Cost-Effective Scaling: SyBridge’s lean manufacturing approach makes high-volume DLS production economically viable.

About SyBridge Technologies

SyBridge Technologies is a global leader in precision tooling and advanced manufacturing solutions. We are North America’s second largest injection molding tooling platform with capabilities that span the product lifecycle, from design and prototyping through to high volume tooling and aftermarket services. SyBridge Technologies is backed by Crestview Partners and comprises acquisitions of 15 industry leaders that bring together different products, services, and technologies into a unified technology-enabled platform. SyBridge is headquartered in Itasca, Illinois and operates through 18 locations across North AmericaEurope, and Asia. For more information, please visit www.SyBridge.com.

About Carbon

Carbon is a leader in 3D printing technology, enabling companies to develop superior products and bring them to market faster. The Carbon DLS™ process, utilizing state-of-the-art printers, advanced software, and high-quality materials, empowers engineers and designers to surpass conventional expectations in product development. Carbon’s innovative solutions support prototyping, low-volume production, and scale production, offering a robust network for printing functional end-use parts as needed. Headquartered in Redwood City, CA, Carbon is dedicated to advancing the future of manufacturing. To learn more, visit www.carbon3d.com.

Business Climate

In DuPage, Communities Find Creative Solutions to Data Center Demand

Data Centers

For those interested in economic development, few things are more frustrating than untapped potential. For Carol Stream, a community known for its thriving industrial sector, the epitome of untapped potential was, until recently, an abandoned property that sat vacant for nearly a decade.  

Once the site of a sprawling chemical plant—complete with a production facility, a warehouse, and an R&D laboratory—the property was abandoned in the early 2010s. At the time, many in the community assumed that a buyer would soon come along. Yes, the property needed work; the buildings had to be demolished, and the soil remediated. But then again, it was 11 acres at the heart of central DuPage, in a community with one of the region’s highest industrial concentrations. Of course it would sell.

But then, it didn’t. Nearly ten years passed, and nothing happened. Occasionally, a developer would express interest, then pull back. The longer the property sat vacant, the less appealing it seemed—between its boarded-up windows and faded 1970s aesthetic, what had once been a community showpiece was on its way to becoming an eyesore.

Then, within the past few years, the story took an unexpected turn. A developer acquired the property; the aging chemical plant was demolished; the soil was remediated; and a buyer, Oppidan, purchased the land. Now, construction is underway on a 90,000-SF data center—the first of its kind in Carol Stream. What was once an eyesore is on its way back to becoming a showpiece, and possibly an inspiration for further development.  

“This is our first data center,” says Don Bastian, Community Development Director at the Village of Carol Stream. “We have manufacturing businesses, distribution warehouses, logistics facilities, food processing operations, and steel fabricators. But this is the first time we’ve welcomed a data center into our diverse business community.

“And to see the land, this land that sat unused for years, being redeveloped with a modern building and new landscaping—we’re very excited about it.”

For the community, this is a good ending to what was becoming a long and drawn-out story. For the rest of Chicagoland, however, this is only the latest development in a story that’s just begun: the rise of a new generation of data centers.  

CryusOne Data Center in Wood Dale, IL
A rendering shows an overhead view of CyrusOne’s planned Wood Dale campus. The site, which is expected to be complete by 2032, will feature six data centers and about 1.4 million-SF of facility space.

Data 2.0

Data centers are nothing new; in fact, their roots stretch back to the 1940s, when a single computer could fill an entire warehouse. But now, due to rising consumer usage and more data-intensive technologies—from state-of-the-art quantum computers to your iPhone’s “Genmojis”—the demand for data is quickly rising. And the demand for data centers is rising with it.

According to an industry profile from the Greater Chicagoland Economic Partnership (GCEP), within the past four years, the size of the U.S. colocation data center market has doubled. (“Colocation” refers to facilities that rent space where businesses can house their servers.) Think about that: Four years ago, in 2021, we were using a not-small quantity of data. Since then, the market, or at least a significant measure of its footprint, has doubled. It’s not showing any signs of slowing down, either. As of 2024, AI-related data represented about 20% of new demand. As the technology scales up, so will the need for storage capacity.

To account for this rising demand, data centers are cropping up all over the nation, including right here in DuPage County.

In Carol Stream, the previously mentioned 90,000-SF Oppidan data center is set to open in 2026.

In Itasca, Japanese company NTT DATA has recently purchased two office buildings; it plans to demolish them to make space for a cloud storage facility. This will be the fourth of its data centers at Hamilton Lakes, a sprawling corporate campus that historically focused on office and hotel space.

In Wood Dale, development is underway on a new CyrusOne location, West of Route 83, between Bryn Mawr Avenue and Foster Avenue. The site will house six data centers, for an aggregate footprint of about 1.4 million-SF. That’s a lot of server space.

But will it be enough? Probably not. To keep pace with demand, businesses must exponentially increase their data storage capacity, which means they’re going to have to build more data centers. To do that, they’re going to have to find The Goldilocks Zone.

NTT Data Center in Itasca, IL
A rendering shows NTT DATA’s planned cloud storage facility at Hamilton Lakes corporate park in Itasca, IL. Hamilton Lakes historically focused on office and hotel space; recently, however, the development has pivoted to welcome data centers.

The Goldilocks Zone: What Makes Chicagoland ‘Just Right’ for Data Centers?

It’s an unfortunate fact of life that you can’t just build a data center anywhere. Servers are fickle. Their cargo is precious. Their thirst for energy is high. And they don’t like hurricanes, earthquakes, or wildfires, which threaten to instantly wipe out exabytes of precious data. To host a data center, a location must meet a long list of conditions—everything must be “just right.” The few that do are considered Goldilocks Zones. Chicagoland is one of the best.

Ranked among the top two markets for data centers globally, the Chicagoland region offers all the conditions data centers need to thrive. State tax incentives and relatively affordable land make it a cost-effective location, while access to abundant water and affordable, reliable energy—not to mention the “free cooling” you get during a Chicago winter—provide the power and natural resources that data centers need.

Meanwhile, Chicagoland’s larger plats of available land make it possible to develop hyperscalers, large-scale facilities designed to store and process data from billions of users. A deep, diverse workforce and a local pipeline of nationally renowned academic institutions offer all the talent that facilities need to function. And access to a skilled labor force means that facilities can be built efficiently and go to market faster—a critical feature for an industry where speed is everything. (Read more about what the region offers data centers here.)

Another key advantage is Chicagoland’s diverse economy. The region is a hub for many of the most data-intensive industries, including finance, administrative services, logistics, life sciences, and the government sector, as well as a massive consumer base, meaning there’s always a high demand for local data centers. As these industries grow, and as the region invests in quantum computing and other high-tech fields, that demand is only rising.

Of course, that’s just one side of the story. Because while Chicagoland is transforming the data center market, data centers are returning the favor.  

From ChatGPT to GDP: How Data Centers Impact the DuPage Economy

One common criticism of data centers is that they don’t create many jobs and therefore don’t generate significant value for communities. There’s a kernel of truth here—a typical data center will have a smaller staff compared to similarly sized facilities from other industries—but it ignores the potentially transformative economic impact that data centers have on the communities around them.

Starting with the staff: While data centers tend to create relatively smaller quantities of jobs, the ones they do create are high-earning. According to a report provided by JobsEQâ, the average data center employee in the Chicagoland region earns over $142,000 annually, meaning they have greater spending power than most employees from other sectors and can inject more money into the local economy. Beyond their own earnings, every data center position is estimated to create more than four jobs in the region, for a total of over $474,000 in additional earnings. It’s the data center domino effect.

Data Center workforce

And that’s only accounting for regular staff. Building a facility like the Oppidan data center in Carol Stream—not to mention the six that NTT is developing in Wood Dale—requires numerous construction jobs. Much like white-collar staffing positions, construction jobs generate additional employment; every construction role creates an estimated 1.64 additional jobs, producing over $239,000 in additional earnings. Factor in the cost of construction materials, as well as the fees for permitting and utilities, and you can see how data centers generate more revenue for communities than meets the eye.

In Wood Dale, for example, CyrusOne estimates their financial investment in the project will be over $1 billion. When all six buildings are complete, the City is projected to generate at least $2 million in annual utility taxes alone, money that can be reinvested in the community. Countywide, data centers have a significant impact on gross domestic product; in 2022, sectors directly related to data centers (such as computing infrastructure providers, data processers, and web hosting businesses) produced nearly $1 billion in GDP, with an average worker output of $986,000.

As impressive as those figures are, they don’t cover the full impact that data centers are making across DuPage. For Carol Stream, the new Oppidan facility is about more than generating revenue; it’s about taking a stagnant, abandoned property and transforming it into an attractive showpiece, one that’s both grounded in the community’s past and looking forward to the future. For Itasca, NTT DATA’s new cloud storage facilities aren’t “just another” development; they represent a reimagining of a suburban office park, one potential solution to a widespread challenge. 

As communities across DuPage grapple with new ways of working, shifting industry trends, and other complex challenges, they’re rethinking economic development norms and repurposing spaces in creative ways. And while data centers aren’t the solution to everything, one thing is certain: They’re a key part of the equation.


Learn more about data centers in DuPage County.

Business Climate

Chicagoland Named #1 U.S. Metro for Corporate Relocation for 12th Consecutive Year

Chicagoland Relocation

Chicagoland has once again been named the number one metro in the U.S. for corporate relocation and investment by Site Selection Magazine, marking its 12th consecutive year at the top. This ranking—based on project count—highlights the region’s global economic strength, business-friendly environment, and deep talent pool. These competitive advantages are championed worldwide by the Greater Chicagoland Economic Partnership (GCEP)—a collaboration between the city and seven surrounding counties (Cook, DuPage, Kane, Kendall, Lake, McHenry, and Will)—established in 2023 to drive investment and business expansion across the region.

World Business Chicago reported a total of 140 “pro-Chicagoland decisions,” in 2024, comprising 110 expansions and 30 relocations or new market entries, resulting in the creation of over 14,800 jobs. “The Chicago region’s competitive advantages continue to include logistics infrastructure, a highly skilled and diverse workforce, strong legacy and emerging industries, and world-renowned academic and research and innovation institutions,” said Adam Bruns, editor in chief of Site Selection Magazine. “One underlying reason behind Chicagoland’s perennial strong performance in our Top Metros rankings: how Daniel Burnham’s original plan and vision continue to resonate through generations of business locations, architecture and infrastructure.”

Chicago’s quantum leap into the future was solidified in 2024 with one of the most transformative pro-Chicago business decisions of the year—PsiQuantum’s selection of Chicago as the home for its first utility-scale quantum computing site in the U.S. Announced last summer by Illinois Governor JB Pritzker and Chicago Mayor Brandon Johnson, alongside federal, state, and local leaders, this milestone cements Chicago’s position as a global hub for quantum technology and emerging industries. Located at the USX site on the city’s South Side, the quantum campus represents a bold investment in next-generation innovation, bringing together world-class research institutions, national labs, and industry leaders to drive breakthrough advancements. With PsiQuantum as the campus’ first anchor tenant, Chicago is poised to lead the charge in the quantum revolution, accelerating economic growth, high-tech job
creation, and scientific discovery.

“When we set out to choose the location for our first utility-scale quantum computing site in the U.S., Chicago quickly rose to the top—not just for its infrastructure or geography, but because of the extraordinary leadership and shared vision at every level,” said Josh Richman, Executive Vice President, Market Development, PsiQuantum. “The seamless collaboration between the state, county, and city—alongside world-class universities, national labs, and industry partners—was a masterclass in execution, led by Governor Pritzker and Mayor Johnson. Chicago is cementing its status as a global innovation powerhouse, and we’re proud to play a role in shaping its future.”

As the leading quantum computing company focused on building the first useful, error-corrected quantum computer, PsiQuantum will drive innovation, competitive research, and economic growth in Illinois.

“Chicago’s number one ranking by Site Selection Magazine is based on real data—proving we’re winning in the metrics that truly matter,” said Chicago Mayor Brandon Johnson. “As the biggest 2024 project counted in this ranking, PsiQuantum’s decision to anchor its new quantum campus on the Southeast Side shows how companies are choosing Chicago for its talent, infrastructure, and strong business ecosystem at every level. Even more importantly, this major quantum investment has innovators around the world taking notice, and I am thrilled this development will revitalize and bring attention to a neighborhood that has been left out of economic development for far too long. We are committed to building upon the successes that have earned Chicago the number one spot and ensuring that all people
can reap their benefits.”

“This milestone underscores what we at World Business Chicago and our partners in the Greater Chicagoland Economic Partnership already know—businesses continue to choose Chicagoland because they see opportunity here,” said Phil Clement, President & CEO of World Business Chicago. “With a diverse and highly educated workforce, a robust transportation and logistics network, and a strong innovation ecosystem, our region provides companies with everything they need to succeed.”

“Year after year, Chicagoland proves itself as the premier destination for companies looking to establish, expand, and invest,” said Kevin Considine, Chair of the Greater Chicagoland Economic Partnership and President & CEO of Lake County Partners. “Our collaborative approach ensures that businesses, regardless of their location in the region, have the resources and support to grow.”


One Region, One Vision

The Hon. Deborah Conroy, Chair of the DuPage County Board: “Site Selection magazine has named Chicagoland the number one region in the country for business expansion and re-location for an unprecedented 12th consecutive year! Congratulations to all the jurisdictions who helped foster this incredible accomplishment. It is an honor to have DuPage County recognized for our contributions. With our partners at Choose DuPage, the Greater Chicagoland Economic Partnership and the State of Illinois, we will continue to collaborate to position DuPage County and the region as a premier, global business location. Together we are all working to make sure that our region is recognized for what we know – that we are, indeed, number 1 for business in so many ways.”

Greg Bedalov, President & CEO of Choose DuPage: “For me, this reinforces an idea that many of us have been preaching for years: Regional collaboration works. When we come together as one Chicagoland, we have a stronger voice, we have a richer narrative, and we have a bigger, better value proposition, one that top businesses can’t ignore. If you want to see the impact of this collaborative approach, look at companies like Jel Sert. In 2024, Jel Sert expanded its West Chicago operations, retaining nearly 1,000 jobs and creating dozens more. GCEP played an integral part in that. And while the outcome was good for West Chicago, it’s also good for the entire Chicagoland region. When we retain, grow, and attract businesses here, we all win.”


Located just west of Chicago, DuPage County provides a supportive ecosystem for businesses, a launchpad for innovators, a strategic location for critical logistics operations, and a healthy home for families. Keep exploring to learn why our forward-thinking community is right for today and ready for tomorrow.

Business Climate

Crossroads: How Intersect Illinois is Shaping Our Economic Future

Intersect Illinois

Host Greg Bedalov joins two guests from Illinois’ economic development organization, Intersect Illinois, to discuss our biggest challenges and opportunities – and how their organization is addressing them now.

Special Guests

  • Christy George, President and CEO, Intersect Illinois
  • John Atkinson, Chairman, Intersect Illinois

Dive Deeper

  • In this episode, Greg and his guests discuss how Illinois has emerged as a leader in quantum computing. Check out Chicago’s new Quantum Park here.
  • They also mention Lion Electric, a leading EV producer that’s supporting an ecosystem of area businesses, including Merkur. Learn more about the Merkur-Lion story here.
  • And finally, if you want to explore the role of science and technology in Chicagoland’s future, listen to our recent episode of the Beat: “A Conversation with a Congressman.”

A special thanks to the College of DuPage for supporting today’s episode. To keep up with what’s happening in DuPage County and the Chicagoland region, follow Choose DuPage on social media or visit ChooseDuPage.com/Ready.