International business publication Site Selection Magazine has ranked Illinois No. 2 in the nation for corporate expansion and relocations for the fourth consecutive year. At the same time, Chicago earned the title of the nation’s top metro area for the 13th year in a row, reinforcing the state and city’s reputation as a premier destination for business growth.
Illinois continues to top the lists of major economic development rankings, including being named No. 1 in the Midwest for workforce development. In 2025, Illinois recorded 680 major business expansions or relocations, up from 664 in 2024, while also maintaining its No. 2 national ranking for projects per capita for a third consecutive year.
State-led initiatives like competitive incentive packages, site readiness investments and robust workforce programs, along with global trade missions, have bolstered Illinois’ prominence as an attractive state for businesses to locate and expand.
Major 2025 investments include Pure Lithium’s relocation from Boston to Chicago, Damera Corporation’s first U.S. electric bus assembly plant in Peoria and Rivian’s $120 million investment to create a supplier park in Normal. Cronus Chemicals committed to a $2 billion fertilizer facility in Tuscola, while Silesia and Epic Pharma Solutions also expanded their Illinois presence.
Illinois is also solidifying its role as a leader on quantum technology with the Illinois Quantum and Microelectronics Park in Chicago, anchored by PsiQuantum. With 10 credit upgrades since 2021 and continued investments in key industries, Illinois is cementing itself as an economic powerhouse, ready for business.
