Why Illinois?

Illinois boasts the 5th largest economy in the US, with a population of 12.8 Million and a Gross State Product of $644 billion (2010).  This midwest state is home to 31 Fortune 500 companies, 13 Fortune Global 500 companies, and 124 major corporate world headquarters.  Major industry clusters in the state include agriculture, manufacturing, biotechnology, finance, and telecommunications.  Here are a few reasons why so many companies have chosen Illinois for their business operations...

ILLINOIS HAS THE SECOND LOWEST EFFECTIVE TAX RATE IN THE MIDWEST AND THE 5TH LOWEST EFFECTIVE TAX RATE IN THE NATION
Effective tax rate on new investment accounts for all deductions and credits offered by the state.
>Illinois - 4.6%
>Indiana - 6.8%
>Michigan - 7.2%
>Missouri - 7.1%
>Iowa - 6.4%
>Wisconsin - 4.5%

ILLINOIS HAS A STRATEGIC LOCATION THAT REDUCES TRANSPORTATION COSTS FOR BUSINESS
>42% of North American Consumers are less than a 2 day's drive
>29% of North American Industry is within 1 day's truck delivery

ILLINOIS HAS A WORLD CLASS INFRASTRUCTURE SYSTEM TO SUPPORT BUSINESS NEEDS
>3 International Airports
>6 out of 7 of the nation's Class 1 railways have terminals in Chicago
>50% of all railroad freight in the US passes through Illinois
>3 coast-to-coast interstates pass through Illinois
>13 port districts and waterways provide critical links between Atlantic, Great Lakes, and the Gulf of Mexico
>Port of Chicago is served by 4 railroads and 2 interstate highways
>Over 4,000 miles of fiber optics will be laid in Illinois over the next 3 years

ILLINOIS HAS THE 4TH LARGEST TECH WORKFORCE IN THE NATION AND THE HIGHEST EDUCATION RATIOS IN THE MIDWEST
>60% of workers have education beyond a high school degree, 30% have a bachelor's degrees, and 11.5% have a graduate degree

OUR LEADERSHIP CIRCLE INVESTORS

ABOUT THE MORTON EDC

The Morton Economic Development Council exists to positively shape the future of Morton. 

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