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

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