Published December 21, 2021
Are you considering launching a business in Illinois? Here's what you need to know.
- The state's credit rating and $3 billion deficit can make doing business a challenge in Illinois.
- Illinois contains the third largest metropolitan area, offering access to capital and skilled labor.
There are more than 1.2 million small businesses operating in the state of Illinois. These businesses employ 2.5 million people, which is 45.1% of the state's workforce and nearly 20% of the entire population. Small businesses account for 99.6% of the state's private enterprise, making them a vital part of Illinois's economy.
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