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Illinois ranks 15 in CNBC’s best states for business

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Wednesday, July 14, 2021 12:45 PM
  • Economy
  • Business

business 2089533Illinois is being recognized for its commitment to attracting businesses to the state and providing an environment where firms can thrive. CNBC’s latest Top States for Business rankings saw Illinois advance to the 15th best state in the United States for business.

CNBC scores all 50 states in the country based on 10 categories of competitiveness, such as cost of living, infrastructure and access to capital. States are then scored in each category and categories are weighted based on how often they are used in economic development marketing.

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Illinois earns top spot in annual sustainability rankings

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Friday, July 02, 2021 02:16 PM
  • Economy
  • Clean Energy

windIllinois’s commitment to sustainability has been recognized in the rankings from Site Selection Magazine. This year, the state earned the coveted top spot, ranking first in the list of U.S. states.

Site Selection magazine uses their annual ranking to provide a resource for companies when deciding where to expand their business with a focus on sustainable development. The magazine looks into development of green energy, green-certified buildings, incentives for green development, redevelopment of brownfields (locations where former industries have left toxins or other environmental dangers) and how well the states are meeting their own environmental goals.

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United Airlines adding new jobs in Chicago!

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Friday, July 02, 2021 08:52 AM
  • Employment

United AirlinesUnited Airlines will hire up to 3,000 employees in Chicago to staff and maintain the new, bigger planes they are buying to replace aging aircrafts.

Chicago-based United Airlines is ordering 270 new Boeing and Airbus aircrafts for its fleet. As the largest order in the airline’s history, it is the first step in an investment process that’s expected to add more than 25,000 new jobs nationwide, including as many as 3,000 in the Chicago area alone.

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Ferrara opens new distribution complex in DeKalb

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Wednesday, June 30, 2021 12:28 PM
  • Business
  • Candy

Ferrara Candy1An Illinois-based candy manufacturer is bringing a sweet deal to the city of DeKalb. The Ferrara Candy Company today marked the opening of the company’s latest facility in the state of Illinois.

Ferrara’s new distribution center expands upon the Chicago-based company’s investments in Illinois and reflects the company’s long history in the state. The new complex in the Chicago West Business Park will occupy 1.6 million square feet, create an estimated 500 local jobs and constitutes a $100 million investment in the DeKalb area.

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Illinois leads the Midwest in number of Fortune 500 companies

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Monday, June 21, 2021 01:37 PM
  • Economy
  • Business

computer 767776A new report shows that Illinois remains one of the best states for big-name companies to set up shop.

The 2021 ranking of Fortune 500 companies includes 38 companies with their headquarters located in Illinois. With 38 of the nation’s top companies calling Illinois home, the state has more Fortune 500 companies that any other state in the Midwest. This number is the highest number of Fortune 500 companies in Illinois since 2001.

Several of Illinois’ companies that rank in this top tier include State Farm Insurance, Boeing, Kraft Heinz, and McDonalds. Illinois’ highest ranked company is Walgreens Boots Alliance which is ranked 16th. Companies are ranked based on revenue brought in over the last year.

The full 2021 report of Illinois based Fortune 500 companies can be found on the Fortune website.

More Articles …

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  2. Illinois State Cancer Registry selected to support national research program
  3. Joliet chosen for first U.S. Lion Electric Company plant
  4. WILD dog lovers
  5. Traffic light warmer named “Coolest Thing Made in Illinois”
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