Top States for Business 2021

15. Illinois

The Land of Lincoln's infrastructure is best. But the state's finances, while showing signs of improvement, are troubled.

Illinois Score and Ranking

Category 2021 Score 2021 Rank 2019 Rank 2021 Grade
Cost of Doing Business2082934C+
Life, Health & Inclusion19824--C
Business Friendliness294840F
Access to Capital16035A
Technology & Innovation1141311B+
Cost of Living452122B-

Economic Profile

Governor: J.B. Pritzker, Democrat

Population: 12,587,530

GDP growth (Q1 2021): 6.4%

Unemployment rate (May 2021): 7.1 %

Top corporate tax rate: 9.5%

Top individual income tax rate: 4.95%

Gasoline tax: 52.16 cents/gallon

Bond rating (Moody's/S&P): Baa2, stable/BBB, stable

Major private employers: 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

America's Top States for Business 2021
Construction workers on the Frederick Douglass Memorial Bridge in Washington, D.C., on Wednesday, May 19, 2021.
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