In the news
Greater Chicagoland Region Named Top Metropolitan Area for Corporate Site Selection and Relocation
County Executive Bertino-Tarrant highlights regional economic assets at awards ceremony
The Greater Chicagoland Region was named top metropolitan area for corporate site selection and relocation for the 10th consecutive year. County Executive Bertino-Tarrant celebrated the announcement with World Business Chicago at an awards ceremony recognizing companies who have grown or relocated in the Chicagoland Region.
The announcement follows the recent formation of the Greater Chicagoland Economic Partnership, a collaboration among the seven counties of northeastern Illinois (Cook, DuPage, Kane, Kendall, Lake, McHenry, Will) and the City of Chicago. The partnership is aimed at driving economic growth across the entire region.
“This partnership is a game-changer for our region,” said Bertino-Tarrant. “In a highly competitive market, we will be able to attract a wide range of industries to Will County. By working together with our neighboring communities, we can offer a unique mix of urban and rural sites, diverse talent, affordability, quality of life, and connectivity that will set us apart nationally.”
Will County has long been an anchor for economic development in the region. According to the Will County Center for Economic Development (CED), the county has led the state in growth with 7.8 million square feet of new building deliveries in 2022. Additionally, industrial, office, and retail vacancies are at historic lows across the county. Will County was also the top single family home market in Illinois for the fourth year in a row last year.
“Our combination of a tremendous workforce, multi-modal transportation infrastructure, educational institutions, and business-friendly leadership creates a strong, competitive environment that is attractive to business and investment,” said CED President & CEO Doug Pryor. “The Chicagoland area is a globally competitive region that is a force in site selection and business attraction. I am proud of the work we are doing both locally and as a region to grow and advance our economy and quality of life.”
The awards ceremony recognized several companies for their local investments. Joliet-based Lion Electric received the inaugural Pro-Chicagoland Decision Award for choosing to base their business in the region.
“We are proud to honor these outstanding companies for their contributions to Chicago’s thriving economy and job creation,” said Michael Fassnacht, President and CEO of World Business Chicago and Chief Marketing Officer for the City of Chicago. “Their commitment to driving sustainable and inclusive economic growth throughout the greater Chicagoland region is a testament to their leadership and dedication to the city and its people. We look forward to continuing to work together to build a more prosperous and equitable future for all Chicagoans.”
More In The News
CED Announces Recognition of 2023 Economic Development Week
The Will County Center for Economic Development marks the week of May 8 to May 12, 2023, as Economic Development Week 2023. During this week, communities across North America will celebrate and recognize the contributions made by professional economic developers to create more economically vibrant and livable communities.
CED President & CEO Re-Appointed to Illinois Enterprise Zone Board
Doug Pryor was originally appointed to serve on the Board in September 2021 and was recently re-appointed to serve through February 2025. Each member of the board appointed by the Governor and confirmed by the Senate shall have at least 5 years of experience in business, economic development, or site location.
Back To Business Grant Program Announced
Governor JB Pritzker and the Illinois Department of Commerce and Economic Opportunity (DCEO) announced on March 21, 2023, that $175 million is available in grant funding through the Back to Business (B2B) program.