28. Illinois

Companies in the Land of Lincoln want emancipation from onerous regulations. But it scores well for business capital.

A Deere & Co. John Deere 9560 combine harvests soft red winter wheat in a field in Kirkland, Illinois.
Daniel Acker | Bloomberg | Getty Images
A Deere & Co. John Deere 9560 combine harvests soft red winter wheat in a field in Kirkland, Illinois.
Category
Score
2018 Rank
2017 Rank
Grade
Workforce 234 25 24 B-
Infrastructure 205 22 24 C+
Cost of Doing Business 175 29 30 (Tie) C+
Economy 115 42 45 D+
Quality of Life 143 30 27 D+
Technology & Innovation 152 12 12 B+
Education 122 17 24 B
Business Friendliness 26 47 47 (Tie) F
Access to Capital 91 4 5 (Tie) A
Cost of Living 26 25 21 C
Overall 1289 28 31 -

Economic Profile

Governor: Bruce Rauner, Republican

Population: 12,802,023

GDP growth (Q4 2017): 2.7 percent

Unemployment rate (May 2018): 4.3 percent

Top corporate tax rate: 9.5 percent

Top individual income tax rate: 4.95 percent

Gasoline tax: 35.75 cents/gallon

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

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

Top States Past Year Rankings

  • CNBC unveils its 12th annual America's Top States for Business study. See where your state ranks in 2018.

  • CNBC unveils its 11th annual America's Top States for Business ranking for 2017, scoring all 50 states on 10 key measures of competitiveness.

  • Top States promos Arm Wrestling

    CNBC unveils its 10th annual America's Top States for Business ranking, scoring all 50 states on 10 key measures of competitiveness.

Latest Special Reports

  • CNBC and Institutional Investor is hosting the 9th Annual Delivering Alpha Conference

  • The nexus of technology -- cloud, social, mobile and data -- are transforming user behaviors and creating new businesses.

  • Innovative female entrepreneur examining prototype

    In an era of rapid technological advances and demographic change, how do legacy companies adapt, innovate and evolve? CNBC Evolve features iconic global companies and executives who are embracing change and transforming for the future.