31. Illinois

The Land of Lincoln is also the land of perpetual budget woes, but it is still fertile ground for business capital.

George Kavallines | CNBC
2017 Rank
2016 Rank
Workforce 282 24 16 (Tie)
Infrastructure 180 24 16 (Tie)
Cost of Doing Business 175 30 (Tie) 24 (Tie)
Economy 84 45 34 (Tie)
Quality of Life 149 27 35
Technology & Innovation 152 12 11
Education 112 24 4
Business Friendliness 29 47 (Tie) 48
Access to Capital 88 5 (Tie) 1
Cost of Living 30 21 34
Overall 1281 31 24

Economic Profile

Governor: Bruce Rauner, Republican

Population: 12,801,539

GDP growth (Q4 2016): 1.7 percent

Unemployment rate (May 2017): 4.6 percent

Top corporate tax rate: 7.75 percent

Top individual income tax rate: 3.75 percent

Gasoline tax: 33.75 cents/gallon

Bond rating/outlook(Moody's, S&P): Baa3, BBB- watch negative

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 (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence

Latest Special Reports

  • Automation, AI and machine learning will radically influence the relationship between employers and their workforce.

  • Watch investments

    Covering the full set of tools and strategies for long-term investors: How to take everyday market fluctuations in stride, and when to know it’s time to take action or protect against a major economic shifts.

  • A globe-trotting look at the world of investing, from developed Europe and Asia trends to the least-traveled frontier markets.