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19. Illinois

The Land of Lincoln offers some of the best access to capital. But the economy is struggling and regulation can be stifling.

Category
Score
2015 Rank
2014 Rank
Workforce 226 23 32
Cost of Doing Business 184 29 40
Infrastructure 218 12 (Tie) 3
Economy 125 41 36
Quality of Life 176 26 30
Technology & Innovation 175 9 5
Education 126 12 15
Business Friendliness 29 45 (Tie) 41
Cost of Living 44 22 29
Access to Capital 48 3 14
Overall 1351 19 27

Economic Profile

Governor: Bruce Rauner, Republican

Population: 12,880,580

GDP growth: 1.2 percent

Unemployment rate (May 2015): 6.0 percent

Top corporate tax rate: 7.75 percent

Top individual income tax rate: 3.75 percent

Gasoline tax: 52 cents/gallon

Bond rating/outlook: A3/negative

Major private employer: Sears Holding Corp

Economic profile sources: Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, Bureau of Economic Analysis, Bureau of Labor Statistics, Illinois FY 2014 CAFR

FULL LIST: 2015 TOP STATES FOR BUSINESS

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