Illinois Ranks #5 in Nation for Best Corporate Locations

Illinois ranks #5 in the nation for new and expanded corporate facilities, moving up two spots from last year’s seventh place ranking, according to the annual analysis by Site Selection magazine, one of the nation’s premier corporate real estate and economic development publications. “More and more companies are choosing Illinois to invest and grow their business,” said Governor Quinn. With 311 projects, the Chicago-Naperville-Joliet metro area ranked second on the list of cities in the tier one, top ten metropolitan areas list. Illinois companies that have relocated or seen significant expansions include;  Walgreens, Nippon Sharyo, Chrysler, Woodward and LaFarge among others. Chicago maintained its #2 ranking among the metropolitan areas category for the second year in a row. To be included in the rankings, new facilities and expansions had to meet at least one of three criteria: (1) involve a capital investment of at least $1 million, (2) create at least 50 new jobs or (3) add at least 20,000 sq. ft. (1,858 sq. m.) of new floor area. Read original article here. Content provided by Illinois Department of Commerce & Economic Opportunity.