27. Illinois

The Land of Lincoln is also the land of transportation, with a robust infrastructure. But a battered balance sheet and burdensome regulations are hurting the state’s economy.

Category
Score
2014 Rank
2013 Rank
Cost of Doing Business 161 40 44
Workforce 134 32 (Tie) 29
Quality of Life 134 30 (Tie) 30
Infrastructure & Transportation 249 3 5
Economy 180 36 45
Education 92 15 (Tie) 22
Technology & Innovation 245 5 (Tie) 5
Business Friendliness 60 41 36
Cost of Living 22 29 23
Access to Capital 19 14 25
Overall 1296 27 37

Economic Profile

Governor: Pat Quinn, Democrat

Population: 12,882,135

GDP growth: 0.9 percent

Unemployment rate (May 2014): 7.9 percent

Top corporate tax rate: 9.5 percent

Top individual income tax rate: 5 percent

Gasoline tax: 58 cents/gallon

Bond rating/outlook: A3/negative

Major private employer: Advocate Health Care

Economic profile sources: Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, Bureau of Economic Analysis, Bureau of Labor Statistics, Illinois FY 2013 CAFR

Featured

  • CNBC's senior correspondent and lead investigative reporter, Scott Cohn also appears on "NBC Nightly News with Brian Williams," "Today" and on MSNBC.

From the Governors

Latest Special Reports

  • An era of innovation dominated by secretive corporate labs is ending. Time for you to help crowdfund the future.

  • Tips on the best-performing portfolio strategies and global market trends that can help you become a smarter investor.

  • CNBC and Institutional Investor host the 4th Annual Delivering Alpha Conference.