LCP is strengthening Lake County’s competitiveness by expanding housing, deepening regional collaboration, and building a cradle-to-career talent pipeline—from early childhood through adult upskilling. By aligning partners, advocating for strategic investments, and creating clear pathways for both businesses and residents to succeed, LCP is making Lake County a place to live, grow, and advance.
A PLACE TO LIVE
Lake County’s housing landscape is being shaped by a clear understanding of its challenges and opportunities, supported by a strategic commitment to action. LCP commissioned a Housing Analysis for Lake County in 2023, immediately following the adoption of a Comprehensive Economic Development Strategy for the community. The housing study laid out a detailed snapshot of where the county stands: undersupply, affordability strain across a range of incomes, a shortage of housing types, and local regulatory barriers.
The responses — from countywide coalitions, municipal programs, philanthropic engagement, development proposals, and strategic toolkits — have been well aligned with those findings and showcased the can-do spirit and equitable growth ethic that defines Lake County.
This year was marked by a large push to make housing a major factor in economic development discussions. For residents, developers, employers and local governments alike, the next few years will be pivotal on the housing front. The topic is not just a matter of shelter; it is core to Lake County’s competitiveness, workforce retention, community diversity, and long‑term vibrancy. A coordinated, multi‑pronged, and sustained push — as is currently unfolding and resulting in developments in towns across Lake County — is exactly what the 2023 housing study prescribed.
A PLACE TO GROW
With LCP’s assistance, public and private Lake County stakeholders are working to address the need for affordable childcare and quality early childhood education options, even in the face of public sector funding challenges.
The NIU-based Center for Early Learning Funding Equity is examining how funding and staffing levels across facilities can be improved to achieve more equitable offerings. Organizations like Start Early are advocating for nationwide harmonization of standards and care. And select high schools now offer a pathway certification in early childhood education, preparing their students for a career in that in-demand field.
The bedrock of Lake County’s economy is a robust and renewable supply of skilled talent, and career pathway programs are more important than ever in helping to shape the next generation workforce. The interest is there too – this year, Lake County Tech Campus welcomed nearly 2,500 students, and prepared for a 20+% increase in enrollment in 2026.
Local educators at the Tech Campus, the College of Lake County, Rosalind Franklin University, the Office of Regional Education and local districts are blazing a path forward, serving as a model in Illinois and nationwide. Lake County boasts several unique and highly successful initiatives designed to engage and educate the next generation:
Navig8 Lake – This initiative provides a powerful, hands-on format where students can explore manufacturing with Lake County manufacturers. The growth of this event is staggering, now featuring over 140 companies and attracting the participation of over 6,000+ students, with the goal of engaging 8,000 in 2026. This scale demonstrates a massive regional commitment to early exposure and career exploration.
SchoolLinks – Addressing the need for streamlined employer-educator interaction, SchoolLinks gives employers the opportunity to onboard in one system. This collaborative platform ensures educators come together to build the pipeline and help companies connect to it, minimizing friction for both students and employers.
Lake County Manufacturing Alliance – This group, run through the College of Lake County, is instrumental in fostering peer learning and collective problem-solving, as it brings local manufacturers together so they can explore best practices and learn from one another. Importantly, financial resources are also available to support business engagement. Lake County Workforce Development has access to a portfolio of federally-funded grant programs that businesses can tap into to cultivate talent, offering tangible support for internships and training programs.
IT DOESN’T GET BETTER THAN LAKE COUNTY, ILLINOIS
Economic momentum doesn’t happen overnight. It takes vision, partnership, and a relentless focus on delivering results. In Lake County, Illinois, that formula has translated into THE most successful economic development runs in county history—and there’s no sign of slowing down. Whether you’re leading a growing company and looking to expand, or you’re on a personal search for your next home, Lake County is a community in which you’re guaranteed to thrive. Connect with us here so we can put you in touch with the resources that you need to make 2026 your best year yet.
In 2025, Lake County celebrated its strongest economic performance on record, fueled by robust capital investment, new and retained jobs and steady growth across key sectors. Business expansion accelerated, and the labor market strengthened — creating a benchmark by which all future growth will be measured. The success was so pronounced that Site Selection Magazine named Lake County, Illinois one of the top 10 counties in the U.S. for economic development, putting Lake County among the upper echelon of the 3,154 counties evaluated nationwide.
As a direct result of our work, we helped fuel $633 million in new capital investment and 1,862 new jobs, and retain 1,333 existing jobs in Lake County in 2025. We are especially proud to announce that, over the last 5 years, we have also powered $1.83 BILLION in direct investment.
The success is evidence of LCP’s laser focus on outreach strategies that drive results. In recent years, we have fine-tuned our communications to generate leads and nurture new relationships; in turn, we leveraged local resources to help businesses grow and tap into the talent and quality of life for which Lake County is known. Our review of the year makes it clear that our strategic efforts to retain and attract business, promote Lake County, and advance initiatives to sustain our exceptional talent and quality of life are having a ripple effect across the entire community. We’re rounding up the year’s biggest highlights below, and for a deeper dive on 2025, check out our year-in-review.
Fortune Brands Innovations Opens New HQ In Deerfield
After a nationwide search, Fortune Brands Innovations consolidated into a single global headquarters in Deerfield, attributing the move to Lake County’s exceptional workforce, dynamic business ecosystem, and culture of innovation. The expansion establishes a world-class, collaborative environment with more than 358,000 sq. ft. of Class A office space, with capacity for over 1,000 associates by the end of 2027. This fall, the company celebrated being 2 years ahead of its hiring goal. LCP proudly presented the company with the 2025 Community Investment Award at the Big Event.
Belle Aire Creations Expands with Porter East
Belle Aire Creations celebrated its new 27,400 sq. ft. “Porter East” facility in Round Lake Park with a groundbreaking. The space will enhance operational excellence and fuel the company’s continued growth in Lake County.
Located adjacent to the company’s existing operations and manufacturing facility—and near its corporate headquarters and Creative Center of Excellence in Libertyville—the $5.5 million investment underscores the company’s commitment to innovation and local job creation.
AbbVie Pledges $192M in North Chicago
AbbVie began construction on its new active pharmaceutical ingredient (API) manufacturing plant in North Chicago, marking another milestone in the company’s ongoing effort to accelerate biopharmaceutical innovation and strengthen U.S. manufacturing capabilities.
The $192 million capital investment underscores AbbVie’s deep commitment to Lake County, where the company will expand employment as part of this new manufacturing capacity.
Flex Expands with $115 Million Investment in Libertyville
Flex is expanding its presence in Lake County with the development of a new auto-injector device production line with a new 335,000 sq. ft. facility in Libertyville. The company is investing $115 million in construction buildout, new equipment, and lease commitments to support this strategic growth.
The expansion will initially create 200 new jobs, with the potential to grow to 400 positions as business demand increases. These new roles will complement the more than 1,000 employees already working at Flex’s Buffalo Grove facility, further strengthening the company’s regional footprint and its contribution to Lake County’s advanced manufacturing and medical device ecosystem.
Plano Pharmaceuticals Selects Lake County for HQ
Plano Pharmaceuticals has announced it will establish its U.S. headquarters along with manufacturing and distribution operations in Lake County. The company specializes in the development, manufacturing, and marketing of generic, sterile injectable therapeutics, primarily for the North American market.
Following FDA certification, Plano Pharmaceuticals will open for production its 80,000 sq. ft., $60 million facility in the City of Zion. The new facility is expected to create 300 jobs, strengthening Lake County’s growing life sciences ecosystem and reinforcing the region as a hub for advanced pharmaceutical manufacturing.
Fox Lake Welcomes “The Quarry”
The Village of Fox Lake announced a new housing development known as The Quarry — a stunning 154-unit market-rate apartment community at Route 12 & Big Hollow Road. With the first units to be available in Fall of 2026, The Quarry is a transformative development offering 1- and 2-bedroom townhome-style apartments with abundant amenities and community space.
This $41 million dollar investment in Fox Lake is designed for Lake County’s “missing middle” housing demand. The Quarry brings attainable, high-quality housing to the heart of the Chain O’ Lakes region and supports Fox Lake’s long-term vision for a vibrant, inclusive community while contributing to continued economic and residential growth.
In 2025, LCP built on its marketing strategy to enhance awareness of Lake County and boost business engagement, initiating targeted campaigns to captivate decision-makers in key industries like life sciences, advanced manufacturing, and real estate. These initiatives integrated “owned media” resources such as blogs, emails, and SEO, with content marketing and modest paid advertising on LinkedIn and Google.
Owned media has quickly emerged as a cost-effective cornerstone of LCP’s communications – thoughtful, handcrafted stories showcase Lake County’s vibrant businesses, organizations and community leaders, and the information rapidly spreads through LCP’s channels and partners. As a result, email engagement is up 19+%, and organic search is up 15+% year over year, reflecting the value of LCP’s thought leadership and content.
This year, LCP produced countless captivating stories that went behind the scenes to capture the essence of what it means to thrive in Lake County. Here are the top 5 blogs of 2025:
CHICAGOLAND NAMED #1 U.S. METRO FOR CORPORATE RELOCATION FOR 12TH CONSECUTIVE YEAR
This ranking by Site Selection Magazine—based on project count—highlights the region’s global economic strength, business-friendly environment, and deep talent pool. These competitive advantages are championed worldwide by the Greater Chicagoland Economic Partnership (GCEP) to drive investment and business expansion across the region.
SITE SELECTION NAMES LAKE COUNTY TOP 10 FOR ECONOMIC DEVELOPMENT
Site Selection honored Lake County as a top 10 county for economic development, citing aggressive investment, job creation, rapid industry expansion and valuable proximity to the City of Chicago (already named the top U.S. metro for corporate relocation) for this recognition. This success is a reflection of Lake County’s strong leadership, and the strategic business retention and attraction efforts led by LCP.
Bolstered by an EDGE agreement, Fortune Brands Innovations announced its plans to significantly invest in Lake County to create at least 400 new jobs in Deerfield, with the capacity for over 1,000 jobs.
VANTIVE INVESTS $23 MILLION IN NEW LAKE COUNTY HEADQUARTERS
Vantive celebrated its decision to invest $23 million and locate its new U.S. headquarters in Deerfield. Vantive, formerly the Kidney Care segment of Baxter International, is a global vital organ therapy company with a 70-year legacy. The announcement builds upon Illinois’ reputation as a global hub for health innovation, biotech, pharmaceuticals and life sciences.
LAKE COUNTY & NORTH CHICAGO TEAM UP TO LAUNCH SHERIDAN CROSSING
Local leaders gathered to celebrate the official launch of the Sheridan Crossing Remediation Project, a major step toward transforming a long-vacant, 40-acre property into a vibrant new development. This project is expected to spur economic development and enhance the quality of life in North Chicago.
BOTTOM LINE: BUSINESS THRIVES IN LAKE COUNTY, ILLINOIS
Economic momentum doesn’t happen overnight. It takes vision, partnership, and a relentless focus on delivering results. In Lake County, Illinois, that formula has translated into THE most successful economic development runs in county history—and there’s no sign of slowing down. Whether you’re leading a growing company and looking to expand, or you’re on a personal search for your next home, Lake County is a community in which you’re guaranteed to thrive. Connect with us here so we can put you in touch with the resources that you need to make 2026 your best year yet.
Lake County’s housing landscape is being shaped by a clear understanding of its challenges and opportunities, supported by a strategic commitment to action. Lake County Partners (LCP) commissioned a Housing Analysis for Lake County in 2023, immediately following the adoption of a Comprehensive Economic Development Strategy for the community. It laid out a detailed snapshot of where the county stands: undersupply, affordability strain across a range of incomes, a shortage of housing types, and local regulatory barriers.
The responses — from countywide coalitions, municipal programs, philanthropic engagement, development proposals, and strategic toolkits — have been well aligned with those findings and showcased the can-do spirit and equitable growth ethic that defines Lake County.
For residents, developers, employers, and local governments alike, this is a pivotal moment. Housing is not just a matter of shelter; it is core to Lake County’s economic competitiveness, workforce retention, community diversity, and long term vibrancy. A coordinated, multi pronged, and sustained push — as is currently unfolding — is exactly what the 2023 housing study recommended.
We’re taking a closer look to see how the community is working together to achieve its housing goals.
How Local Leaders are Taking Initiative in Lake County
This year, Lake County government, in partnership with Chicago Metropolitan Agency for Planning (CMAP) and with support from Schreiber Philanthropy, launched “Housing Lake,” a stakeholder coalition focused on the housing needs of the County. Housing Lake aims to convene municipal leaders, developers, employers, and community advocates, with the goal of producing an implementable roadmap to expanding housing options across income levels and life stages,” notes Dominic Strezo, the Community Development Administrator who representing Lake County on the project team.
“We’re paying attention to the data, identifying barriers to housing, and ultimately, creating a toolkit that our municipal partners will be able to leverage to support in-demand development.” The goal of the toolkit is to help local governments reduce regulatory barriers and incentivize housing supply. Participating municipalities will be able implement best practices and align local practice with countywide strategy.
In the meantime, municipalities are thinking outside of the box, working with developers and the community to create unique approaches to address “missing middle” housing. Here’s the latest on the housing front from around the county:
Barrington
The Village of Barrington has seen a lot of recent housing development activity. The Prairie Glen was recently completed, consisting of 15 townhome units that are already fully occupied. Construction is scheduled to commence soon to construct the Mylo, which will include 125 residential units and over 12,000 sq. ft. of retail/restaurant space. In addition, 8 luxury rowhomes on Washington street are also currently under construction, and 88 single family homes on the former PepsiCo site are expected to be built in the spring of 2026.
Deerfield
There is a flurry of development activity in Deerfield, where Continental Properties is constructing the Springs at Lake Cook Crossing, a 254-unit residential rental development on the rear 10.79 acres of Deerbrook Shopping Center, (between Waukegan Road and Edens Spur, Deerfield, IL). The development will include 25 affordable units in compliance with Deerfield’s Affordable Housing Ordinance.
Walgreens has also received approval to consolidate its Deerfield Headquarters and sell the north 1/3 of their corporate campus properties located at 202, 300, 302 and 304 Wilmot Road to Pulte Homes. The redevelopment project removes an office building and separate daycare building in order for Pulte Homes to develop the 18-acre property into a 42-lot subdivision called Leclair Estates. Pulte will sell and construct the new detached single-family homes ranging from approximately 2,722 to 3,899 square feet and offer four- to six-bedroom homes. Three of the new homes will be affordable and comply with Deerfield’s Affordable Housing Ordinance.
Elsewhere in Deerfield, VennPoint Real Estate is constructing multi-family townhome style buildings on a 10 acre property in the Parkway North Center. The residential rental development, to be called Parkway North Townhomes, consists of 144 units in 31 buildings. Fourteen of the new units will be affordable to meet Deerfield’s Affordable Housing Ordinance.
Celedon Partners is constructing Deerfield Supportive Living, on the site of a former one-story office to supply housing for residents 65 and over. The living facility will be comprised of 147 affordable rental units.
Finally, this year, Zion Woods opened its doors in Deerfield to a 25-unit affordable residential development that resulted from a mission of the Zion Lutheran Evangelical Church, in partnership with the Housing Opportunity Development Corporation (HODC) and Brinshore Development.
Fox Lake
The Village of Fox Lake, in partnership with Charles Hall Construction, Sterling Hall and WCP Fox Lake, announced The Quarry, a new 154-unit market-rate apartment complex located at Route 12 and Big Hollow Road. The development provides 1- and 2-bedroom options in a town-home style design that will bring much-needed housing options to the Chain O’ Lakes community and address the growing demand for high-quality, attainable residential living in Lake County. Construction has begun, with the first units expected to be available in September 2026.
Also in Fox Lake, approval has been given for the Lakeview Apartments development, a 148-Unit, three-story apartment building that will include 148 1 and 2- bedroom market-rate apartments. The total investment is expected to be over $34 million.
Gurnee
In Gurnee, developers are exploring a 40 unit affordable housing project in the Woodlake subdivision for households earning 80% of the Area Median Income. It’s not just about building affordable units but retaining them as affordable. In this case, the concept proposes a 30-year land use restriction to make sure that the development remains effective amid changing markets.
Hawthorn Woods
The Kemper Ridge development, proposed by M/I Homes of Chicago LLC, is a significant residential project in Hawthorn Woods intended to introduce housing diversity to a village traditionally dominated by large-lot, single-family homes. Situated on an unincorporated 56-acre property adjacent to the Kemper Lakes Golf Club, the subdivision is currently planned for a mix of approximately 177 residences, including single-family homes, duplexes, and townhomes. The project, which requires annexation into Hawthorn Woods and several zoning variances, was recently approved.
Highland Park
Recent housing developments in Highland Park are highlighted by the preliminary approval of a large-scale townhome community on the former Solo Cup property at 1700 Deerfield Road. The proposal by The Habitat Company, which received City Council support, involves rezoning the approximately 28-acre industrial site to residential for a 227-unit townhome development. This community will feature 48 buildings, a clubhouse, and nine acres of green space, with 34 of the units specifically reserved for the area’s median income as part of the city’s Inclusionary Housing Plan.
Lake Villa
Starling Senior Apartments located on Tower Dr. in Lake Villa is ready to open its doors to seniors aged 55 and older. The newly constructed development includes 40 units of affordable rental housing. The 3-story building contains thirty 1-bedroom units and 10 2-bedroom units. The development was the result of multijurisdictional municipal collaboration (Village of Lake Villa, Lake County, and the State of Illinois) partnering with the private sector to achieve a shared vision.
Libertyville
Eve B. Lee Place, named after longtime affordable housing advocate and 1961 Libertyville Fremont High School graduate Eve Lee, will be completed in the spring of 2026 at 500 Peterson Road. The facility will also act as the new offices of Community Partners for Affordable Housing, which provides housing services to residents across the region. The new, independent living development for adults 55 and older, will offer 34 energy-efficient, affordable apartments. This newly constructed development features a mix of 1- and 2-bedroom units.
Additionally, Continuum Development is seeking Final Plan Approval of a new project at the corner of Brainerd Avenue and Lake Street in downtown Libertyville. This four-story transit-oriented (TOD) development will bring 91 luxury apartments, offered in a mix of one- and two-bedroom floor plans. The building will use generous setbacks and high-quality finishes to integrate with Libertyville’s historic downtown district. Other public benefits include the creation of a new access road and pedestrian path that, together, improve connectivity between Libertyville’s vibrant downtown & the adjacent Metra station. The development site also includes a parcel fronting Milwaukee Avenue that Continuum intends to develop into a standalone retail building at a later date.
Lincolnshire
Residential developer Willow Bridge Properties is proposing a 340-unit luxury rental apartment community at 300 Tower Parkway, replacing a long-vacant 175,500-square-foot office building. The 13-acre redevelopment will eliminate a long-term vacancy, introduce much-needed new housing options, and add consumer activity that supports local businesses. It will also reactivate the adjacent Stone Quarry Lake, advancing key goals of the Village’s 2024 Comprehensive Plan. The proposal is currently under review, and more details will be available in early 2026.
Mundelein
There’s also a lot to report on in the Village of Mundelein, where staff had the rare opportunity to welcome into the Village a historic parcel with a proposal for development that will honor and preserve the heart of the land which is the 800 acre Wirtz family farmstead from the 1800s. The farmstead (aka Ivanhoe Farms) will be preserved, but the adjoining parcels envision a legacy project that embraces world renowned planning principles and may take up to 25 years to fully build out. The proposal contemplates a town center, which will be subsidized by the owner as an amenity for residents and visitors of the community. Varied housing types are proposed to be mixed throughout the blocks, interspersed with regional trails and commercial and industrial flex spaces.
At the Morris Station development, there are 136 market rate rental units across two properties that flank the railroad tracks along Park Street. Construction was completed in 2024, and the project is 100% leased, with most tenants working in education, medical and sales. The tenant mix includes: 39% from within Lake County; 18% from out of state; 11% from Mundelein, and 11% from Cook County. The top resident age brackets are 25-31 years old.
The $68 million “Area Apartments” project by Flaherty & Collins will occupy the three remaining Village owned lots in the Plaza Circle subdivision. The development will include multi-family residential (five stories, 225 units), 17 townhomes, a future freestanding retail pad, and a three-story private parking garage with 271 spaces. The development is just steps from Metra’s North Central Service line and downtown Mundelein.
Construction was completed for Station 250 in 2024, and the property is now leasing. There are 169 market rate luxury apartments, located immediately south of Village Hall on Plaza Circle.
At Cardinal Square, there are two completed apartment buildings, which focus on sustainability with a Net-Zero Carbon operation and geothermal energy used to heat and cool common areas of the facility. There are additional solar panels on rooftops to power mechanical systems, amenities, and EV charging stations.
The Mundelein Senior Apartments project has created 46 units of independent senior housing for low-income seniors, and construction is ongoing and includes the use of pre-constructed modules to arrive with outfitted with carpeting, cabinets, and plumbing fixtures.
Other developments include Sheldon Woods, where Phase 1 is complete, and construction on Phase 2 is nearing completion for 192 new single-family homes by Pulte Homes, located across from the Mundelein Crossings Shopping Center. At the Townes at Oak Creek, there are 44 townhouse buildings, and 222 units on the former Oak Creek Plaza site, the site of the former Menards. Finally, at the Springs at Mundelein, 147 two-story garden style apartments with 1 – 3 bedrooms are being constructed.
Round Lake Beach
In the Village of Round Lake Beach, the HARP (Housing Acquisition & Rehabilitation Program) acquires and rehabilitates vacant homes and sells them affordably with deed restrictions in partnership with the county and non profits. This program demonstrates that rehabilitation programs can offer cost-effective strategies to increase affordable homeownership or rental units.
Vernon Hills
Vernon Hills is also seeing a big influx of development, and it’s being met with enthusiasm in the community. In 2020, the village approved the redevelopment of its Hawthorn Mall complex to promote mixed use, including housing, and revitalize the space. The first new building, completed in the fall of 2023, included a residential component called the Domaine. The Domaine has 311 market rate units and reached a steady 95% occupancy rapidly after opening.
The second building, projected to open in the spring of 2028, would have approximately 290 units. The project would set aside 20% of the units to be affordable to moderate-income households (up to 60% of the Area Median Income). The rent would be roughly 40% of the market rate rent.
The second building, projected to open in the spring of 2028, would have approximately 290 units. The project would set aside 20% of the units to be affordable to moderate-income households (up to 60% of the Area Median Income). The rent would be roughly 40% of the market rate rent.
Waukegan
Nearby, in the City of Waukegan, several new housing developments are taking shape including redevelopment of a former YMCA building to accommodate 26 new residential units and commercial/retail space, offset with $1.725 million in development assistance. Also in Waukegan, the Ravine Terrace development is being converted into a 98-unit senior housing facility and PADS Lake County is redeveloping a former Travelodge Hotel into a permanent family shelter, funded by ARPA dollars and state funds.
On the Housing Horizon in Lake County
As attainable housing rises to the forefront of economic development priorities, these examples will serve as a beacon of things to come. Implementation of the collaborative efforts of Housing Lake will be critical first steps to address Lake County’s housing shortage. The monthly workshops held this year will conclude with a Housing Summit in February 2026, where implementation strategies will be finalized by the coalition to guide future action. Progress will continue to be reported on in this blog. For additional information on housing initiatives in Lake County, Illinois, please click here to connect.
The 2025 Midwest Industrial Summit, hosted by Bisnow on November 20 at Innovation Park in Libertyville, Illinois, brought together over hundreds of leaders in industrial real estate — developers, investors, brokers, and public officials — to tackle the future of logistics, cold storage, capital markets, and industrial development across the Midwest. The event was made possible by a number of sponsors, including Wintrust Community Banks and Lake County Partners.
While topics spanned from macroeconomic outlooks to advanced automation and cold-chain logistics, one theme resonated loud and clear throughout the day: Lake County is the Midwest’s premier destination for industrial investment.
The Energy of a Sector in Transformation
From the opening keynote to the networking reception, the summit made it clear that the industrial sector remains the most dynamic component of commercial real estate.
Panelists agreed that demand for high-quality, strategically located industrial space continues to outpace supply, especially in mature markets like Chicagoland. However, with land constraints and rising costs, many are looking northward to Lake County as the logical next frontier.
“Lake County offers the best of both worlds,” noted Ron Lanz, the Senior Director of Business Development at Lake County Partners, and an attendee of the event. “You’re still part of the Chicagoland market, and you can maximize accessibility and workforce while tapping into a business-friendly environment. That’s an unbeatable combination right now.”
Key Takeaways from the Bisnow Midwest Industrial Summit
The event’s agenda featured several high-impact panels that captured the pulse of the industry:
1. The State of the Midwest Industrial Market
Experts emphasized resilience despite national headwinds. Vacancy rates in the Chicago MSA hover around historic lows, and rents are still trending upward. Suburban and exurban submarkets are showing strength, particularly in Lake County, McHenry County, and southeast Wisconsin.
Panel discussions made it clear that companies aren’t just chasing cheaper land anymore. They’re chasing connectivity — logistics access, workforce pipelines, and the ability to deliver next-day or even same-day service to Chicago and Milwaukee. Fortunately, this is exactly what Lake County delivers.
2. Capital Markets and Finance Outlook
While rising interest rates have recalibrated some investor expectations, industrial remains a favored asset class among lenders. Lake County’s fundamentals, like low vacancy, high absorption, and a growing roster of national tenants, make it a top pick for institutional capital seeking stability with upside potential.
3. Cold Storage and Innovation
As food, pharmaceutical, and e-commerce supply chains modernize, demand for cold and temperature-controlled space has exploded. Developers cite Lake County’s proximity to O’Hare, Milwaukee’s General Mitchell Airport, and major interstates, including I-94, Route 41, and Route 60, as ideal for this niche.
The bottom line is, Lake County is perfectly positioned for the cold chain revolution because it’s close enough to serve two major metros, with the land and infrastructure to support state-of-the-art facilities.
Lake County Takes Center Stage
As attendees explored Libertyville’s Innovation Park, many saw firsthand the potential that Lake County offers. Once a corporate campus, the site has been transformed into a vibrant mixed-use innovation hub—proof that adaptive reuse and industrial reinvention can coexist. It is now owned by R2, in partnership with JDI Realty.
“Libertyville has a highly specialized employment base anchored by metal fabrication, machinery production, plastics and rubber manufacturing, and advanced technical and electronic products. This industrial strength continues to attract talent from across the country, supported by the growth of companies like Flex North America, the third expansion of AHEAD, and the ongoing success of Valent BioSciences,” notes Libertyville Mayor Donna Johnson. “The community is recognized not only for its skilled and technical workforce, but also for the exceptional quality of life that keeps both employers and employees rooted in Libertyville.”
Throughout the day, local economic development and industry leaders engaged to share update on major projects and incentive opportunities. Their message was clear: Lake County is ready for growth, and it’s actively welcoming investment.
Among the top factors that have made Lake County such a desirable location for business:
A Prime Logistics Location – Nestled between Chicago and Milwaukee, Lake County gives businesses unmatched access to I-94 and U.S. 41, two of the region’s most critical north-south arteries. Distribution centers in places like Waukegan, Gurnee, and Grayslake can reach more than 9 million consumers within a 60-mile radius. It’s no wonder leading companies like Sysmex America, Medline Industries, and Fortune Brands Industries have expanded in the community in recent months. The County’s combination of highway access, available land, and proximity to major population centers makes it a sweet spot for logistics and manufacturing operations alike.
Tight Vacancy and Rising Demand – According to recent data, Lake County’s industrial vacancy rate hovers around 6.2%. Rents continue to climb, and are up roughly 3.5% year-over-year, driven by steady absorption of Class A space.
Pro-Business Climate and Incentives – Panelists repeatedly highlighted Lake County’s business-friendly environment. Through Lake County Partners, companies can access a range of incentives including but not limited to: 1) Enterprise Zones and EDGE tax credits to offset startup or expansion costs; 2) Industrial Revenue Bonds (IRBs) for low cost financing; and, 3) workforce development partnerships with Lake County Workforce Development and the College of Lake County to train and upskill talent. These tools, combined with collaborative local governments and a response permitting process, have made Lake County one of the Top 10 Counties for Economic Development in the U.S. according to Site Selection.
Workforce and Quality of Life – Industrial growth depends on people—and Lake County delivers. With a population exceeding 700,000 and a labor force of 370,000+, employers can draw from a skilled and educated talent pool. The region’s quality of life, top-ranked schools, vibrant downtowns, forest preserves, and proximity to Lake Michigan help employers attract and retain talent. As Kevin Considine, LCP’s president and CEO and event speaker noted, “You can run your operation here knowing that your employees will be happy to live nearby. That’s a major competitive edge.”
Lake County Is Picking Up Momentum
The event closed with a forward-looking discussion on what’s next for Midwest industrial real estate. While national trends point toward normalization after the pandemic-driven boom, the consensus was optimistic.
Lake County, specifically, is poised for sustained expansion. With its strategic location, infrastructure capacity, and coordinated economic development efforts, it’s ready to accommodate the next wave of advanced manufacturing, innovation and logistics space.
Local officials emphasized the County’s commitment to sustainability; the community is actively advocating for modern, energy-efficient facilities and green infrastructure. Developers echoed this sentiment, noting that tenants increasingly prioritize environmentally-conscious locations.
“Lake County isn’t just growing in a haphazard way,” said Steve DeBretto, Lake County Partners’ Director of Strategic Initiatives. “Local leaders are ensuring that it’s growing strategically, by balancing industrial strength with community and environmental responsibility. That’s what will sustain it long-term.”
The day buzzed with energy during coffee breaks and the post-event reception. Attendees shared deals in progress, discussed future site plans, and explored collaboration opportunities. Brokers spoke of surging interest in off-market properties, while investors compared notes on speculative development across Lake County.
Why This Matters for the Industrial Real Estate Community
For developers and investors, the Bisnow Midwest Industrial Summit reinforced what the numbers already show: the industrial sector remains a pillar of strength in commercial real estate.
Lake County’s rise represents a natural extension of the Chicago industrial core, and it’s unsurprising given the area’s accessibility, affordability, innovation, and long-term growth potential.
As industrial assets evolve—from e-commerce fulfillment centers to advanced manufacturing hubs—the County’s balance of infrastructure, workforce, and land availability positions it as one of the most compelling submarkets in the Midwest.
“Whether you’re an investor seeking stable returns, a developer eyeing the next growth corridor, or a company ready to expand operations, Lake County offers the access, infrastructure, and community support to make it happen,” notes Ron Lanz, Lake County Partners’ Senior Director of Business Development.
The modern manufacturing landscape is undergoing a rapid and profound transformation. It’s a space where global trade, cutting-edge technology, and the cultivation of human talent intersect to define economic success.
This was at the core of conversation at the recent Lake County Regional Manufacturing Roundtable, hosted by the Illinois Manufacturers’ Association at the College of Lake County’s state-of-the-art Advanced Technology Center in Gurnee.
“Our goal was to bring together industry leaders, policymakers, and community stakeholders to underscore a clear message: manufacturing growth cannot be achieved through isolated effort,” noted Sarah Hardwick, the Senior Vice President & Corporate Board Secretary at the Illinois Manufacturers’ Association. “In Illinois, we are fortunate to have a deeply connected, collaborative ecosystem that builds talent from the ground up to fuel manufacturing growth.”
Fortunately, there is no shortage of collaboration in Lake County. The community is a model of a coordinated approach, and strategic efforts have positioned Lake County and the state of Illinois as global leaders in advanced manufacturing and a proving ground for innovative talent development.
The Global Strategy: Positioning Illinois as a Premier Business Destination
The conversation kicked off by highlighting the aggressive and successful approach Illinois has taken to secure its place on the international business map, with input from Christy George, the CEO and president of the Illinois Economic Development Corporation (EDC), and Kristin Richards, the Director of the Illinois Department of Commerce and Economic Opportunity.
Illinois has been very active in trade missions to target manufacturing leaders worldwide. This is more than mere outreach; it is a dedicated effort to showcase the state’s assets and commitment, effectively positioning Illinois as a global business destination. The purpose of these trade missions is two-fold: to strengthen overseas ties and to attract business back to the state. These trips are invaluable, offering foreign countries an opportunity to benchmark the state and to witness Illinois’ willingness to work with business leaders.
This global ambition is fueled by a powerful, united front known as “Team Illinois.” This collaborative umbrella includes key agencies such as Illinois EDC, the Illinois Manufacturing Excellence Center (IMEC), and the Illinois Department of Commerce and Economic Opportunity (DCEO), working hand-in-hand with local partners like Lake County Partners (LCP) and various local governments.
A recurring theme of the panel discussions was the sheer preparedness of the state to support companies at every level, particularly as they seek to maximize their export potential. Richards noted that the state has been actively enhancing Illinois’ incentive programs, including EDGE and Rev; this year, Illinois also introduced a new program called Advanced Innovative Manufacturing (AIM) to focus on capital improvement investments.
Beyond incentives, policy and outreach, the state possesses a foundational strength that few can rival: its people. Illinois’ talent and workforce development strength are game changers when it comes to attracting business. This human capital advantage is what truly sets the state apart and forms the basis for its ongoing economic expansion.
These assets have been the cornerstone of business attraction efforts from the Greater Chicagoland Economic Partnership (GCEP), led by Kevin Considine, president and CEO of Lake County Partners. “The GCEP partnership has had a major, visible impact on both business attraction and retention, proving that targeted, regional collaboration yields significant returns. Lake County, in particular, is setting the pace for the region and the state. We are celebrating our best year on record, having fueled $1.8 billion in direct capital investment, 4,000+ new jobs, 2,700+ retained jobs, and counting. Much of that has come directly from manufacturing growth,” Considine remarked.
Forging the Future: Building the Workforce Pipeline
The bedrock of any successful manufacturing ecosystem is a robust and renewable supply of skilled talent. The next roundtable discussion—featuring remarks from Jim Connell, the Executive Director of Community Programs at the College of Lake County, Gina Schuyler, the CTE Department Chair for Careers and Community Partnerships at Grayslake D127, and Jennifer Serino, the Director of Lake County Workforce Development—made it clear that career pathway programs are more important than ever in helping to shape the next generation workforce.
This is not a passive effort; it involves active engagement from education, government, and industry. The effort to develop talent, and help businesses tap into it, cannot be done alone. It is a complex process that demands outreach, resource aggregation, an understanding of how to leverage and promote assets, and the ability to forge new ways of doing things.
Illinois has formalized its educational commitment to manufacturing through innovative programming. For students in Illinois, the journey to a manufacturing career is structured: after identifying an interest and taking foundational courses, they can be endorsed in manufacturing through 7 different pathways.
From that foundation, students are connected with local businesses to explore valuable internships and careers. The educational experience is designed to be hands-on, ensuring students aren’t just sitting at desks—they are on equipment that can advance their learning. This practical approach is vital for ensuring graduates are job-ready, even at the high school level.
Lake County boasts several unique and highly successful initiatives designed to engage and educate the next generation:
Navig8 Lake: This initiative provides a powerful, hands-on format where students can explore manufacturing with Lake County manufacturers. The growth of this event is staggering, now featuring over 140 companies and attracting the participation of 6,000+ students, with the goal of engaging 8,000 in the coming year. This scale demonstrates a massive regional commitment to early exposure and career exploration.
SchoolLinks: Addressing the need for streamlined employer-educator interaction, SchoolLinks gives employers the opportunity to onboard in one system. This collaborative platform ensures educators come together to build the pipeline and help companies connect to it, minimizing friction for both students and employers.
Lake County Manufacturing Alliance: This group, run through the College of Lake County, is instrumental in fostering peer learning and collective problem-solving, as it brings local manufacturers together so they can explore best practices and learn from one another.
Importantly, financial resources are also available to support business engagement. Lake County Workforce Development has access to a portfolio of federally-funded grant programs that businesses can tap into to cultivate talent, offering tangible support for internships and training programs.
The commitment to work-based learning relies on the idea that a high school student can be trained to meet the needs of the modern workplace. As such, it requires an individualized approach that can serve as a long-term interview process—a model that provides clarity and confidence for both the employer and the student, with minimal upfront investment.
The state of Illinois has recognized the profound value of structured, on-the-job training, making a substantial investment in apprenticeship and establishing itself as a leader in this area. It operates on a robust “work, earn and learn” model.
To encourage participation, grants help employers co-develop and register apprenticeship programs, effectively lowering the barrier for entry and increasing the number of formalized training opportunities available. Lake County Workforce Development works with employers on paid internships, onboarding and training programs, and leverages labor data to build the talent pipeline through a different lens, ensuring that training aligns with modern industry needs.
Marketing is also playing a strategic role in this ecosystem. Campaigns like Made in Illinois, spearheaded by the Illinois Manufacturers Association, have been instrumental in promoting the state and cultivating an interest in manufacturing careers with young people. This effort is about changing perceptions and highlighting the high-tech, high-skill nature of modern manufacturing jobs.
Reaching students even earlier is the goal of programs like Sparkforce, which can pay for manufacturing camps to give middle school students exposure in a fun way. Last summer, the success was clear with four summer camps being held, with more expected to come—ensuring the manufacturing career conversation starts well before high school.
Panel Insights: The Crucial Role of Partnership and Essential Skills
The panel discussion inevitably turned to the future, specifically focusing on the anticipated impact of emerging technology and artificial intelligence. Demonstrating a proactive stance, Lake County Workforce Development will soon be contracting with a consultant to better understand the impact of AI, and equally important, to better understand which corresponding security measures will be needed as it plays out in real time.
The collective wisdom of the roundtable led to several crucial takeaways that define the path forward:
Workplace Essential Skills are Crucial: Technical skills are foundational, but workplace essential skills—including professional conduct, problem-solving, and critical thinking—are equally crucial in keeping young people engaged and advancing in the workforce.
Communication is Key: For young people who have grown up in a digital world, communication will be critical. Ensuring they can effectively articulate ideas, collaborate, and manage professional relationships is paramount for success.
Shared Responsibility is a Must: Everyone needs to play a role in workforce development if it’s going to be successful in a community. This message reinforces the collaborative spirit of Team Illinois and GCEP.
The Ecosystem is the Magic: Ultimately, success stems from synergistic connections. Lake County’s workforce ecosystem is where the magic is—everyone brings value, and the partnerships keeps stakeholders, efforts and resources aligned.
The Lake County Regional Roundtable made it abundantly clear that the future of manufacturing in Illinois is bright, not by accident, but by design. It is a future built on aggressive global outreach, deep investment in human capital, and a powerful, interconnected ecosystem of government, education, and industry partners who are all aligned behind one goal: Powering Progress through strategy and investment that deliver.
As the national economy continues to recalibrate after years of pandemic-driven disruption, communities across Chicagoland are asking a key question: are we returning to the pre-2020 economic norm, or has the post-pandemic era rewritten the rules?
That question was at the center of a recent presentation by Dr. Joe Schwieterman of DePaul University and Chris Brewer of AECOM, who offered data-driven insights into Lake County, Illinois, and its evolving role in Chicagoland’s regional economy. Their findings, coupled with business outreach information presented by Lake County Partners (LCP), paint a picture of a county that is both grounded in its strong industrial and life sciences base and nimble enough to adapt to new economic realities.
A Strong Five Year Performance
“From 2021 through 2025, Lake County has delivered impressive results in both job creation/retention and investment attraction,” notes LCP Senior Director of Business Development. “Over these last five years, LCP generated 4,033 new jobs, retained 2,751 existing jobs, and secured a remarkable $1.79 billion in direct investment.”
These numbers are more than statistics—they represent strategic wins across industries that define Lake County’s modern economy: life sciences, advanced manufacturing, professional services, and mixed-use development.
In 2025, Lake County continues to benefit from an active pipeline of investments spanning a diverse range of sectors. Key projects currently in progress include:
Life Sciences and Manufacturing Major employers and investors such as Plano Pharmaceuticals, Flex, AbbVie, Tuf-Tite, MSI Express, and Belle Aire Creations are expanding or modernizing their operations. These companies contribute not only to Lake County’s economic base, but also to its global reputation as a hub for life sciences and precision manufacturing.
Office, Housing, and Institutional Development Lake County’s economic vitality is also supported by strategic real estate and community investments. Projects like Fortune Brands Innovations, Miller Cooper & Co., and new residential developments such as Fox Lake Crossing and Lakeview Fox Lake highlight how housing and employment growth are increasingly intertwined. The new Lake County Regional Office of Education further reinforces the region’s commitment to workforce development and educational infrastructure.
Collectively, the major projects managed by LCP in 2025 showcase the multifaceted nature of Lake County’s growth—balancing industrial investment with livability and workforce support that enhances the area’s high quality of life.
Based on the recap provided by LCP, economic development in Lake County is not slowing down. As the staff nears the end of the year, it is managing 34 active projects at various stages of development in the pipeline that will carry into 2026. This steady stream of activity underscores both investor confidence and the county’s ability to attract and retain diverse businesses, even amid shifting economic conditions.
How Are Economic Trends Playing Out in Lake County and Chicagoland?
Population dynamics in Lake County are nuanced. Western townships are less constrained by existing development, and their open spaces continue to experience steady population growth, reflecting Lake County’s ongoing appeal as a place to live, work, and raise a family.
At the same time, the overall labor force growth rate has slowed since 2010, mirroring national demographic trends. With baby boomers retiring and younger workers entering the market at a slower pace, maintaining a strong workforce pipeline will require deliberate efforts in education, training, and talent attraction—all elements that LCP has focused on in recent years with partners across Lake County.
Unemployment & The Labor Force
Lake County’s unemployment rate stood at 4.6% in August 2025, a figure that economists often consider indicative of “full employment.” This strong labor market signals economic stability, but it also reveals emerging challenges.
With the labor force operating near full capacity, workforce availability and housing supply are increasingly viewed as constraints to future growth. Employers face tighter competition for skilled workers, and communities must balance job expansion with residential development that attracts and retains talent.
Since 2010, Lake County has experienced a narrowing pace of job creation, a trend that has become more pronounced since 2021. While this could appear concerning at first glance, it also reflects a maturation of the regional economy—one that prioritizes high-value, sustainable employment over rapid but uneven growth. Manufacturing and life sciences jobs, for example, often bring higher wages and greater stability compared to the retail or service sectors that have been contracting.
E-Commerce
Few trends illustrate post-2020 transformation more clearly than the impact of e-commerce. As online shopping has become a dominant force, the geography of retail spending has shifted dramatically because sales tax revenue is increasingly generated where people live rather than where they shop.
“This transition has resulted in retail job losses since 2020, yet it has also sparked new employment opportunities in logistics, distribution, and technology infrastructure tied to e-commerce,” notes Chris Brewer, Vice President at AECOM. “Lake County’s position within the regional transportation network gives it a strategic edge in capturing these new forms of economic activity.”
Office Space
Office space dynamics have also undergone a structural shift. The demand for traditional office environments—especially older, single-use buildings—has softened in the wake of hybrid work trends. However, not all office space is created equally. Data show that offices located within mixed-use districts, where employees can access housing, dining, and recreation, have proven far more resilient. These spaces align with the preferences of today’s workforce, which values flexibility, walkability, and community engagement.
For developers and local governments, the message is clear: adaptation and reinvestment in mixed-use environments will be key to sustaining the office market’s relevance in the years ahead.
Transportation
Lake County’s position between Chicago and Milwaukee, and its vast transportation networks make it a compelling location for business growth and talent relocation. This is further reinforced by investment and government work plans that have prioritized transportation and safety.
Multiple projects have highlighted another major construction season in Lake County, particularly as Illinois seeks to modernize infrastructure locally and across the state through the Rebuild Illinois program. These projects hit every corner of the county, including Deep Lake Road, the Robert McClory Trail, Old McHenry Road, Arlington Heights Road, and Deerfield Parkway.
Ridership on the several Metra lines that serve Lake County UP continue to steadily rebound since their low points in 2020, and public transportation remains front and center for legislators as they look to engage residents and offer reliable service.
At O’Hare International Airport, investments have provided for the addition of gates at T3 and T5, giving the airport the distinction of the largest number of gates in the world. This summer, ground was also broken to prepare for the $1.3 billion Terminal D, a 19-gate satellite concourse. O’Hare just had its busiest summer ever.
Looking Ahead: Challenges & Opportunities
The story emerging from Lake County’s data is one of resilience amid transition. The region’s traditional strengths—its diverse industrial base, proximity to major markets, and highly educated workforce—continue to underpin economic vitality. Yet, like much of the nation, Lake County is navigating a new economic landscape shaped by technological disruption, demographic shifts, and evolving work patterns.
Moving forward, success will hinge on a few critical strategies:
Expanding Workforce Housing – Ensuring adequate and affordable housing for workers across income levels.
Investing in Workforce Development – Strengthening partnerships between schools, colleges, and employers to meet emerging skill demands.
Repositioning Commercial Assets – Transforming aging office and retail properties into mixed-use or innovation-friendly spaces.
Leveraging E-Commerce Growth – Capitalizing on logistics and supply chain opportunities that align with the county’s infrastructure strengths.
Fortunately, leaders in Lake County have worked together to position it well to tackle these challenges head-on. As the 2020 pandemic came to a close, LCP led a robust public engagement process to solicit feedback and create a Comprehensive Economic Development Strategy that provides clear direction to address all of these trends.
“We now have a community-endorsed playbook to guide our work plan and solidify Lake County’s prominence as a model for equitable development,” notes LCP Director of Strategic Initiatives, Steve DeBretto. “LCP’s role in economic growth has never been clearer, and we’re excited to build on our momentum to deliver progress in the years ahead.”
Lake County Partners was proud to join Belle Aire Creations and local officials in celebrating the ground breaking for Porter East, a 27,400-square-foot expansion designed to strengthen operational excellence and support the company’s continued growth. Located directly across the street from Belle Aire Creations’ existing operations and manufacturing facility in Round Lake Park, and nearby the company’s corporate headquarters and Creative Center of Excellence in Libertyville, Porter East will serve as a dedicated material storage warehouse with advanced inbound and outbound logistics, quality control testing labs, and modern employee collaboration spaces.
Set to be fully operational by May 2026, Porter East represents a strategic investment in efficiency, safety, and innovation. The new space will feature dedicated staging areas, a separate quality control lab for raw material testing and approval, along with expanded storage capacity — all designed to maintain Belle Aire Creations’ industry-leading 4–5 business day lead times.
“This expansion is a reflection of our ongoing commitment to excellence and the continued trust of our customers,” said Stacey David, CEO of Belle Aire Creations. “Porter East allows us to optimize operations, enhance product quality, and create an inspiring workspace for our growing team — all while continuing to deliver the creativity and speed that define who we are.”
The facility will include several employee-focused features, including an outdoor patio, walking path around the pond, café, and modern office and conference spaces, emphasizing Belle Aire Creations’ dedication to fostering a connected and collaborative workplace.
From an operational standpoint, Porter East is designed with built-in infrastructure for robust Wi-Fi coverage and a seamless Warehouse Management System (WMS), enabling directed put-away, optimized picking paths, and real-time location tracking. These upgrades will further improve accuracy, visibility, and speed across the supply chain.
The new facility is expected to add 10 new positions to support Belle Aire Creations’ expanding production and logistics capabilities.
“Porter East isn’t just a new facility — it’s a bold step forward for Belle Aire Creations and a major win for Round Lake Park and Lake County,” said Kevin Considine, the president and CEO of Lake County Partners. “This expansion reinforces the company’s deep roots in the community while setting the stage for innovation, growth, and new high-quality job creation. We appreciate this investment as it’s a signal of Belle Aire Creations’ long-term commitment to our community.”
Are You Ready to Grow in Lake County, Illinois Too?
Lake County Partners is excited to announce that Steve DeBretto has joined Lake County Partners (LCP) as the team’s new Director of Strategic Initiatives. Steve brings to LCP a strong foundation in economic development, strategic planning, and stakeholder engagement, having previously worked as the Chief Executive Officer of the Industrial Council of Nearwest Chicago and the Director of the Illinois SBDC International Trade Center at ICNC. Over the course of his career, Steve has led collaborative projects and advanced community-focused goals. These experiences have made him an expert in forging cross-sector coalitions, managing complex initiatives, and translating strategic objectives into measurable outcomes – this background makes him a natural fit for this new role.
DeBretto grew up in Chicagoland, and has a B.A. in Sociology from DePaul University and an MBA in Marketing, Finance and International Business from the Northwestern University Kellogg School of Management.
In his position at LCP, Steve will lead several cornerstone efforts aligned with Lake County’s Comprehensive Economic Development Strategy (CEDS). He will oversee initiatives in housing, workforce development, early childhood education, and more, while also serving as a partner in projects led by other organizations and philanthropic partners. Steve will guide LCP’s Futures Committee, develop success metrics, nurture community and municipal relationships, and report progress regularly to LCP’s Board of Governors and other key stakeholders.
“Steve’s deep understanding of Lake County’s challenges and opportunities, combined with his collaborative leadership style, make him an outstanding choice to help us advance toward our long-term goals,” said Kevin Considine, president and CEO of Lake County Partners. “We are confident that his strategic vision and ability to build across sectors will accelerate our impact.”
Please join us in welcoming Steve DeBretto to Lake County Partners. We look forward to working alongside him as we continue to strengthen economic mobility and quality of life across Lake County.
Economic momentum doesn’t happen overnight. It takes vision, partnership, and a relentless focus on delivering results. In Lake County, Illinois, that formula has translated into one of the most successful economic development runs in county history—and there’s no sign of slowing down.
At our annual Invested Together event, which is focused on bringing together key partners from government, business, and community organizations to reflect on major accomplishments, we shared a bold outlook and celebrated our shared purpose of fueling economic growth and a high quality of life in the community.
$1.78 Billion in Investment & Growing
Since 2021, Lake County Partners has directly contributed to $1.78 billion in capital investment, helped create nearly 4,000 new jobs, and retained over 2,700 existing jobs. And 2025 is shaping up to be a landmark year: the county is on pace for one of the highest growth periods on record, with 65+ new projects considered so far in 2025.
Much of this activity is centered in key industries like life sciences, advanced manufacturing, technology, and energy. With expansions from global powerhouses like AbbVie, Fortune Brands Innovations, Sysmex, and Plano Pharmaceuticals, the message is clear: Lake County is a prime destination for business growth.
A Business-Friendly Environment Backed by Strategic Investments
Lake County’s success can be traced to its unique combination of:
Highly educated and skilled talent
Robust transportation infrastructure
Reliable power and utilities
Global connectivity through nearby airports including O’Hare International Airport
Strong public-private partnerships
The region was recently named one of the Top 10 Counties in the U.S. for Economic Development by Site Selection magazine—a recognition based on real data, real investments, and real results. And while the numbers are impressive, it’s the spirit of collaboration that truly sets Lake County apart.
“This year, we have celebrated major wins, including Vantiv’s new $23 million headquarters in Deerfield, Fortune Brand Innovation’s decision to locate its headquarters and hundreds of new jobs here, AbbVie’s recent announcement to invest $195 million in North Chicago, T5 Datacenters multi-billion dollar data center in Grayslake, Sysmex’s $20.6 million investment in Lincolnshire and Buffalo Grove, and more,” notes Lake County Board Chair Sandy Hart. “These are not just buildings; they are commitments to our community. Lake County is a national leader in economic development, and together we are building a vibrant, inclusive community where every single person and business has the opportunity to succeed.”
“None of this happens in a vacuum,” said Dan Joyce, Chair of Lake County Partners’ Board of Governors and COO at Bath Concepts. “It takes strong leadership at every level of government, education, and business working together with a shared vision. Lake County has exactly that.”
Infrastructure That Supports Growth
Beyond job creation and investment wins, Lake County is laying the physical groundwork for long-term resilience. This summer, the County opened a new Regional Operations and Communications Facility in Libertyville. By consolidating 911 services and coordinating emergency response across multiple agencies, the project ensures faster, more reliable public safety support.
Infrastructure isn’t just about responding to emergencies. It’s about building a better future, which is why upgrades also extend to transportation and sustainability. With over 700 miles of bike paths and a commitment to multimodal transit, Lake County is building a community that prioritizes health, sustainability, and accessibility. Ongoing stormwater management upgrades are helping mitigate flooding and protect homes and businesses from climate-related risks.
Fortifying The Talent Pipeline
In today’s economy, talent is the new economy, and Lake County is rich in it.
“Our greatest asset in Lake County is our people, which is why our community continues to make significant investments in education and workforce development, and benefits from world-class education as a result,” notes LCP president Kevin Considine.
Lake County is home to a powerhouse network of education and training institutions, including:
College of Lake County
Lake County Tech Campus
Lake Forest College
Rosalind Franklin University
Regional Office of Education
Award-winning schools spanning K-12
These institutions are working hand-in-hand with employers to prepare students for high-quality careers. Events like Navig8 Lake, taking place this October, are giving students early exposure to in-demand career pathways, ensuring that local businesses have access to the talent they need.
Lake County Partners is also tackling longer-term issues like housing, early childhood education, and workforce mobility—recognizing that inclusive, sustainable growth requires a holistic approach.
Housing as Economic Infrastructure
To attract talent and sustain the vibrant communities for which Lake County is known, housing development has been put front and center. Needs are being addressed head-on with a new housing task force and strategic partnerships between municipalities and developers.
New developments are already moving forward in towns like Deerfield, Fox Lake, Hawthorn Woods, Lake Villa, Libertyville, Lincolnshire, and Mundelein to create more opportunities for people to live, work, and thrive locally.
“Housing is definitely an economic issue that we are focused on right now,” notes Considine. “It’s at the heart of our ability to grow and sustain a dynamic workforce.”
A Model For Regional Collaboration
Lake County is also reaching new audiences through its involvement with the Greater Chicagoland Economic Partnership, and with Considine at the helm as the group’s new Chair, Lake County is at the forefront of a united effort to attract business to Chicagoland.
Over the last three years, this partnership has delivered 205 regional wins, making the entire region more competitive on a national and global scale. Recognition from organizations like the Illinois Manufacturers’ Association (IMA) and Illinois Manufacturing Excellence Center (IMEC) further highlights Lake County’s role as a leading force in economic development.
The Path Forward: Inclusive, Innovative and Intentional Growth
The work to drive continued economic growth in Lake County is far from over. But Lake County Partners is uniquely positioned to seize on the momentum by leveraging local leadership, resources and partnerships to tackle pressing issues and land big opportunities.
Whether it’s supporting the next Fortune 500 headquarters expansion, growing a life sciences cluster, or ensuring students have clear paths to career success, the county is all in on building a more resilient and inclusive economy.
LCP-hosted events like “Invested Together” are a reminder that when the public and private sectors unite around a common goal, big things happen.
Join Local Leaders in Igniting Growth in Lake County, Illinois
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