Top States For Business

24. Illinois

Source: George Kavallines
Category Score 2016 Rank 2015 Rank
Workforce23616 (Tie)23
Cost of Doing Business19224 (Tie)29
Infrastructure20016 (Tie)12 (Tie)
Economy15334 (Tie)41
Quality of Life1443526
Technology & Innovation174119
Education137412
Business Friendliness234845 (Tie)
Cost of Living263422
Access to Capital5013
Overall13352419

Economic Profile

Governor: Bruce Rauner, Republican

Population: 12,859,995

GDP growth: 2.3 percent

Unemployment rate (May 2016): 6.4 percent

Top corporate tax rate: 7.75 percent

Top individual income tax rate: 3.75 percent

Gasoline tax: 49.48 cents/gallon

Bond rating/outlook: Baa2, negative (changed since release)

Major private employers: Sears Holding Corp., McDonald's Corp.

Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, S&P Global Market Intelligence

America's Top States for Business 2016
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