Illinois is a state in the Midwest of the United States that has a population nearing 13 million people, which is the sixth highest population figure in the whole of the USA. With such impressive population statistics to its name, Illinois is larger than European countries such as Portugal and Sweden, so it has an immediate advantage for entrepreneurs looking for a good place to set up a new business.
In addition to the abundant potential customer base, Illinois has other business advantages for entrepreneurs.
Springfield is Illinois’s capital, but Chicago is its largest conurbation, and one of the best-known cities in the world. The city is a hub of industry and innovation and is notable for its iron and steel production, meat packing industry, grain exchange, and railroad center. O’Hare International is one of the busiest airports on earth, and the Port of Chicago connects Illinois to the Atlantic Ocean via the Great Lakes, so transport links of all kinds are very strong.
Society and Culture
Illinois is often spoken of as being a microcosm of American society, and a leader in social and cultural development. If you set up business in Illinois, you’ll be able to take advantage of the varied demographic and refine your offer ready for expansion into other states and countries.
Illinois is blessed with a diverse range of natural resources such as coal, oil, and timber. It also has a substantial agricultural industry, with some of the most valuable and productive farmland in the world. Being strong in a range of key areas ensures the economy has a diverse foundation.
Illinois offers a broad range of potential business opportunities. It ‘s particularly famed for growing and manufacturing essential products such as:
- Agricultural products
- Transportation equipment
- Industrial machinery
- Computer equipment
Illinois has world-leading services for business, so you’ll always find the right help when you need it. There are B2B suppliers and providers across the whole state, for example, Chicago IT management services such as Fulton May Solutions to take care of maintaining, upgrading, and repairing your computer facilities. Illinois is also home to the Gies College of Business, one of the leading business schools in the world.
Home of Small Business
It might have some national and international companies and industries operating within its borders, but Illinois is also home to many small and fledgling businesses and sole traders. Chicago has a thriving community of small craft businesses for example, including winemakers, distillers, bakers, designers, artists, and brewers.
Welcoming to Small Business Owners
Illinois is a welcoming place that encourages new business owners, with support services, advice, and professional guidance. The Illinois Small Business Development Centers are designed to help you make your business as successful and profitable as possible, even if you’re a complete novice. The SBDCs are the place to look for helpful information concerning any aspect of setting up a business.
All the US states have their benefits and advantages, but Illinois has got to be one of the most complete packages for anyone wishing to take a step into the world of small business.