In Lake County, Illinois, small businesses are more than just storefronts or service providers—they are the heartbeat of our local economy. From family-owned restaurants and tech startups to independent retailers and community-based service firms, small businesses drive innovation, create jobs, and strengthen the fabric of our neighborhoods.
“The SBGI represents a forward-thinking approach to small business development, one that combines financial support, relational capital, and human expertise to build lasting economic resilience,” notes Courtney Combs, LCCF’s Director of Strategy and Community Impact, and administrator of SBGI. “SBGI is more than just a program. It’s a community-driven effort to ensure that every small business owner in Lake County, regardless of their background or industry, has access to the knowledge, resources and networks necessary for long-term success.”
A Model for Inclusive Development
Human-Centered, Individualized Support SBGI rejects one-size-fits-all approaches in favor of tailored support that meets entrepreneurs where they are. Each business works closely with a dedicated coach to complete 11 foundational milestones—such as business planning, financial forecasting, and formalizing banking relationships—that position owners for long-term growth.
Peer Networks That Strengthen the Ecosystem In addition to one-on-one coaching, SBGI brings entrepreneurs together through four cohort sessions designed for peer learning, relationship-building, and collaboration. These connections extend beyond individual businesses, reinforcing a more resilient and interconnected small-business ecosystem across Lake County.
Flexible Technical Assistance That Removes Barriers Participants access technical assistance as needed, including bookkeeping, marketing, website development, and regulatory navigation. This flexible, on-demand support reduces friction and allows entrepreneurs to focus on growing their businesses.
Data-Informed, Community-Rooted Impact By pairing data-driven strategy with deep community relationships, LCCF and A4CB ensure the program remains responsive and equitable. Early outcomes show greater clarity in business goals, stronger financial planning, and increased connection among participants—benefits that ripple outward into the local economy.
“Allies for Community Business provides the capital, coaching, and connections entrepreneurs need to grow great businesses that create jobs and wealth in their communities,” said Brad McConnell, CEO of A4CB. “Working alongside the Lake County Community Foundation, we are ready to help a group of entrepreneurs invest grant dollars smartly to increase their revenues and hire locally.”
Program Goals: Building a Stronger, More Connected Local Economy
The goals of the Small Business Growth Initiative go beyond supporting individual enterprises. The program is designed to:
Foster a more collaborative environment for small business owners.
Create spaces for peer learning networks, where entrepreneurs can exchange ideas and strategies.
Encourage business viability and sustainability through individualized mentorship, technical assistance, and financial support.
Strengthen community economic development, ensuring that local growth benefits everyone.
In this way, SBGI is helping to build not just stronger businesses, but also stronger communities. Each participating entrepreneur becomes part of a ripple effect—contributing to local job creation, increased consumer spending, and a more vibrant and resilient Lake County economy.
Who Can Participate?
The SBGI is open to small businesses that are current and in good standing with the IRS and have at least $50,000 in annual revenue. To ensure that the program aligns with community values, there are some restrictions—businesses involved in tobacco, gambling, high-interest lending, or adult entertainment are not eligible to participate.
After careful consideration, LCCF and A4CB have structured the program to support businesses in Waukegan, North Chicago and Zion, where the organizations believe the impact will be the greatest. This eligibility framework ensures that the program’s resources are directed toward businesses that positively impact the community and reflect Lake County’s long-term vision for inclusive, sustainable economic growth.
Looking Ahead: A Bright Future for Lake County’s Entrepreneurs
By building bridges between public and private sectors, simplifying pathways to success, and fostering genuine collaboration, Lake County is setting a new standard for how regions can support small business growth.
In the end, the story of the Small Business Growth Initiative is the story of Lake County itself—a community that believes in possibility, invests in people and understands that when small businesses thrive, everyone thrives.
In Lake County, Illinois, equitable development isn’t an abstract goal — it’s a mission put into practice by community leaders and organizations that know it provides safety, stability, and growth opportunities for all. At the heart of this effort stands A Safe Place, the county’s only nonprofit dedicated solely to supporting victims of domestic violence and human trafficking. Through an extensive continuum of services and community engagement, A Safe Place fosters healing, autonomy, and community resilience.
What A Safe Place Does
Founded to provide immediate and long-term support for survivors, A Safe Place offers a comprehensive set of free programs and services that address the full spectrum of needs for people affected by violence. Services include:
24/7 Crisis Line Support — connecting survivors and concerned family members to immediate safety planning and resources
Emergency Shelter and Housing — safe, confidential housing with food, clothing, and case management for people escaping abusive environments
Counseling and Advocacy — individual and group therapy, legal advocacy, and accompaniment through court processes
Family Visitation and Supervised Exchanges — safe, monitored visitation for families in transition
Prevention and Community Education — programs in schools and community groups that cultivate awareness and teach healthy relationship skills
This breadth of services underscores a critical truth about economic growth: stability and opportunity for individuals increasingly depend on safety and support, and not solely on traditional metrics. By advancing survivors from crisis to independence, A Safe Place helps reduce barriers to employment, education, housing, and civic participation — all essential elements of a thriving and sustainable community.
Creating New Opportunities Through Bricks of Healing
Lake County is committed to giving all residents — regardless of gender, age, income, race, language or geography — access to essential services and opportunities. Successful communities don’t just respond to hardship, they proactively work to prevent it and empower residents to tap into resources and connections that make life easier and more fulfilling.
Lake County’s sweet spot is collaboration, and A Safe Space is no exception. The organization works with partners including schools to help people recognize warning signs and sharpen healthy relationship skills.
One of the most ambitious and symbolic ways A Safe Place is looking to make its mark on Lake County is through its Bricks of Healing campaign, a fundraising and community engagement initiative designed to expand shelter capacity and services for survivors.
Since 2020, A Safe Place has seen a 635% increase in calls to their help line and a 200% surge in demand for emergency shelter. Despite this rising need, capacity has actually decreased due to post-COVID safety regulations and the expiration of federal grant funding for hotel stays. A Safe Place’s current communal shelter, which once housed 33 individuals, can now only safely accommodate 10. Consequently, more than 100 Lake County residents seek shelter every week, and many—including families with children—are unfortunately turned away.
To meet this issue head-on, A Safe Place has launched the Bricks of Healing Capital Campaign, focused on financing a new, state-of-the-art emergency shelter and resource campus located within central Lake County, in Grayslake. The proposed 40,000 sq. ft. facility represents a revolutionary shift in how survivors are supported:
Increased Capacity: The new shelter will house approximately 100 clients and their families—a 380% increase in capacity over current limits.
Dignity & Privacy: Moving away from the communal model, the facility will feature private “apartment-style” rooms to allow families the space they need to heal.
Comprehensive Care: For the first time, survivors will have access to behavioral health services, medical resources, and a dedicated pet shelter all under one roof.
A “Campus” Approach: Beyond the initial shelter (Phase 1), future phases plan for a community resource center, a warehouse for donations, and vocational training facilities.
The project has gained significant momentum in recent months. Illinois State Representative Laura Faver Dias secured $1 million in state funding to support the $20 million project; overall, funding is projected to come from a mix of government grants ($3M), the sale of the current shelter ($1.7M), and $15 million in private funding. Presently, $3.8 million has been pledged. Zoning for the 22-acre plot in Grayslake was approved, and the purchase was finalized in November 2025.
These milestones underscore the campaign’s importance and the urgent need it addresses. The Bricks of Healing effort goes beyond bricks and mortar. Safe shelter is the foundation from which survivors can pursue employment, education, financial security, and mental wellness — core ingredients of sound growth.
Though still in its early phases, the Bricks of Healing campaign exemplifies how infrastructure investments — whether physical or social — can be powerful tools to drive personal success, talent development and economic growth. Every expanded bedroom, counseling space, or community room represents not just shelter, but a chance for someone’s life to stabilize, flourish, and contribute fully to the Lake County community.
Numbers tell part of the story, but ultimately, this initiative is about positively impacting lives. According to A Safe Place’s recent impact records, thousands of county residents have accessed services that helped them reclaim safety and move toward independence — generating ripple effects across families and neighborhoods.
Survivors testify to the importance of support that honors dignity and choice — from receiving life-saving shelter to accessing counseling that helps them process trauma and plan for the future. These individual transformations collectively create the conditions for better participation in the social and economic fabric of Lake County.
Looking Ahead: An Eye on Inclusive Community Growth
A Safe Place’s work — from crisis response to the Bricks of Healing campaign — offers a model for how targeted social investments can support broader equitable growth. When organizations address the root causes and consequences of violence and instability, they not only help individuals but also contribute to healthier labor markets, safer neighborhoods, and more resilient civic life.
The progress underway offers a hopeful message: Lake County’s vibrant community is being built through strategic programs, community commitment, and shared responsibility that support a high quality of life.
Want to learn more about how you can get involved and help advance Bricks of Healing? For additional details on the campaign or to schedule a tour of the Zion campus, contact Chief Development Officer Damaris Lorta at dlorta@asafeplaceforhelp.org
In Lake County, the secret to economic success has always been the people.
And that’s because the community isn’t just growing, it’s building a workforce engine that has positioned it as a national model for talent development. With strong population projections, a robust employer base, and integrated collaboration that supports residents from early education through career advancement, Lake County has intentionally created something powerful: a true career ecosystem.
The broader Chicagoland workforce is 5 million people—larger than the workforce of more than 40 U.S. states. Lake County’s share of that strength is substantial, with a local workforce of approximately 360,000 workers.
And it’s growing. From 2025 to 2030, Lake County is projected to add approximately 17,000 new residents. “This kind of population growth is more than a statistic—it’s a vote of confidence,” notes LCP president and CEO Kevin Considine. “In fact, Chicagoland continues to outpace expectations, and in Lake County, we have seen a 3% growth rate since 2019.”
Lake County’s top occupational clusters reflect a diversified and resilient economy, with strength in life sciences, advanced manufacturing, healthcare, education, transportation, office, Fortune 500 headquarters and more. This diversity provides both stability and opportunity by allowing Lake County to weather economic shifts while continuously creating pathways into in-demand careers. It also means that companies can find both suppliers and customers here.
Employers Are Hiring & Investing
In 2025, Lake County celebrated its strongest economic performance on record, and at the same time, Lake County was named one of the top 10 counties in the U.S. for economic development by Site Selection.
The success has been fueled by robust capital investment, new and retained jobs and steady growth across key sectors. Over the last 5 years, Lake County Partners has driven $1.83 billion in direct capital investment, the creation of 4,033 new jobs and the retention of 2,751 existing jobs in Lake County. Notably, many of the recent successes have come from businesses that are already located in Lake County and choosing to stay and grow in the community.
Major employers, including AbbVie, Abbott, Medline, Fortune Brands Innovations, Advocate Aurora Health, Baxter and Capital One are continuing to hire and expand operations in Lake County. When globally recognized companies like these consistently expand in a region, it is a signal of both confidence in the business climate AND the local talent pipeline.
So why do industry leaders have so much faith in Lake County’s workforce?
Guiding Students Every Step of the Way
What truly sets Lake County apart is its systems-level approach—one that doesn’t treat workforce development as a set of isolated programs, but rather provides holistic resources that provide guidance at every step of a career journey.
From youth employment to reskilling experienced workers, Lake County’s workforce ecosystem operates across every phase, through:
Early exposure and career awareness
Summer youth employment programs that provide first-job experience
Skills training aligned to industry demand
Employer partnerships for placement and advancement
The system is cross-functional and deeply collaborative. Workforce ecosystem partners, including Lake County Workforce Development, the College of Lake County, the Lake County Tech Campus, the Lake County Regional Office of Education and local schools like Grayslake District 127, communicate, coordinate, and share data. Economic development, education, and workforce professionals operate not as silos, but as a toolbox for business attraction, retention, and long-term community growth.
Lake County’s leadership in talent development isn’t accidental. It is the result of:
Population growth aligned with opportunity
Strong employer investment
Expanding educational infrastructure
Strategic manufacturing collaboration
A unified, career-centered workforce system
While many regions talk about workforce development, Lake County has operationalized it—building an ecosystem that supports businesses, empowers residents, and sustains economic momentum. In an era when talent is the ultimate competitive advantage, Lake County isn’t just keeping pace. It’s leading.
What Does Successful Workforce Development Look Like?
It was with this collaborative spirit in mind that Lake County Partners recently gathered its public sector partners for a panel discussion of the local tools being used to train talent, sponsored by Libertyville Bank & Trust, with input from:
Derrick Burress, Principal at Lake County Tech Campus
Dr. Michael Karner, Regional Superintendent of Schools
Dr. Ali O’Brien, Vice President of Community & Workforce Partnerships at CLC
Gina Schuyler, D127 Administrator of Community Partnerships and CTE Consultant
Jennifer Serino, Executive Director of Workforce Development at Lake County
Panelists unanimously agreed that building a rewarding career starts long before a first day on the job.
Educators like Gina Schuyler and Dr. Michael Karner take a big picture approach to career pathways that relies on an endorsement framework that interplays with SchooLinks, a comprehensive K-12 college and career readiness platform that helps students discover interests, explore career paths, and plan for life after graduation. SchooLinks, in turn, facilitates career engagement events like Navig8Lake and partners with work-based learning hubs like NIU EdSystems.
At the Lake County Tech Campus, a premier career technical education center, juniors and seniors from 22 local high schools receive hands-on, career-focused training in over 20 fields including healthcare, IT, manufacturing and more. Students can earn industry certifications and college credits, making it such a popular option that the school continues to see enrollments climb, with 2,400+ students currently engaged in specialized training, having earned 9,200+ college credit over the past two years.
Next door, at the College of Lake County, Dr. Ali O’Brien has also observed a significant 5% increase in Spring 2026 enrollment. The growth is particularly strong in high-demand fields such as automotive technologies, medical assisting, social work, and welding and fabrication.
Dual credit programs are also booming. This academic year, over 5,500 Lake County students are projected to earn college credit while still in high school, making higher education more accessible and affordable.
“We’ve seen dual credit enrolment increase by 27%, with a total increase of 260% more students served over the last 5 years,” reports Dr. O’Brien. “This represents a savings of $4 million in college tuition over the last year alone.”
With three campuses—in Grayslake, Waukegan and Vernon Hills—as well as the cutting-edge Advanced Technology Center in Gurnee and the Brae Loch Culinary Center & Restaurant in Grayslake, the College of Lake County relies on work-based learning to fuel student achievement. Students get access to employment opportunities that fit their schedule and align with their interests. Their internships are coordinated with faculty and local businesses to provide ample opportunity to dive deeper into a field of interest. The “earn and learn” apprenticeship model compliments this framework and culminates in a certificate or degree.
CLC’s newest capital investment, the Urban Farm Center in downtown Waukegan, is a 24,000-square-foot workforce development hub designed to train the next generation of controlled-environment agriculture technicians by providing:
Controlled agriculture training for high-tech food production careers
Local food sourcing to strengthen supply chains and reduce time to market
A commercial kitchen that builds transferable culinary and business skills
A community education space that introduces younger students to career pathways early
Set to open later this year, the Center will connect workforce development, economic sustainability, and community education in one integrated facility while complementing CLC’s portfolio of community assets.
Another major endeavor at CLC is the rollout of a new Manufacturing Alliance, led by Laura Asbury, and guided by the notion that manufacturing isn’t just part of Lake County’s economy—it’s a cornerstone of its competitive advantage.
“Lake County is one of the largest manufacturing communities in Illinois, contributing approximately $48 billion annually in manufacturing output,” notes Connell. “Through the Manufacturing Alliance, we are bringing together ecosystem partners to address shared pain points, align training programs with employer needs, and provide a regional lens on competitiveness.”
This alliance is poised for significant growth this year, with a renewed focus on deeper engagement with local manufacturers, stronger integration between industry and education, and talent pipeline alignment across technical careers.
Workforce Solutions for a Lifetime
The workforce development work taking place across the county has been designed to deliver workforce solutions that are responsive to modern needs. From job readiness focused on career coaching to skills education and training, all the way through to re-skilling that enables residents to transition jobs, update skills and re-enter the labor force, there is something for everyone, no matter their circumstance.
“Workforce support is a continuous career journey, rather than a one-time service,” emphasizes Jennifer Serino, Executive Director of Lake County Workforce Development. “Whether it’s a teenager looking for their first job, a career changer seeking new skills, or employers needing grants for leadership training, it’s important that we all work together to protect and support Lake County’s greatest asset: its people.”
Lake County, Illinois is Good for Business
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.
Today’s announcement that AbbVie will invest $380 million to build two new active pharmaceutical ingredient (API) manufacturing facilities at its North Chicago campus marks a significant milestone for U.S. pharmaceutical innovation and domestic manufacturing leadership.
The project will incorporate advanced manufacturing technologies, including artificial intelligence (AI), to support the production of next-generation neuroscience and obesity medicines. Construction is slated to begin in spring 2026 with both facilities expected to be fully operational in 2029. In support of the expansion, AbbVie plans to hire 300 new employees, including engineers, scientists, manufacturing operators and lab technicians.
“This milestone demonstrates further progress against AbbVie’s $100 billion commitment to U.S. R&D and capital investments over the next decade,” said Robert A. Michael, chairman and chief executive officer, AbbVie. “By strengthening AbbVie’s U.S. manufacturing capabilities, we are well-positioned to support our investment in innovation and enhance our ability to deliver next-generation medicines to patients.”
“This investment is a major win for Lake County and a game-changer for the broader U.S. biomanufacturing ecosystem,” said Lake County Board Chair Sandy Hart. AbbVie has long been headquartered in Lake County, and the company’s commitment to investing in expanded production and new jobs here not only strengthens our local economy, but also reinforces Lake County’s role in producing the medicines and technology of tomorrow.”
The new facilities will play a key role in producing the active components that form the foundation of therapeutic medicines — a highly complex, multi-step process critical to patient health outcomes. This investment underscores a shared vision between industry and government for a resilient and forward-looking biotechnology sector in the U.S.
“AbbVie’s $380 million investment is a transformative moment for North Chicago,” said North Chicago Mayor Leon Rockingham. “This expansion strengthens our city’s foundation as a leader in advanced pharmaceutical manufacturing while creating meaningful job opportunities for our residents. We are proud to support a project that not only fuels local economic growth but also advances the production of critical medicines here at home in the United States.”
“This latest announcement from AbbVie caps off an incredible streak of wins in Lake County and Chicagoland. In 2025, we celebrated our best year of economic growth on record yet, and our community was named one of the top 10 counties in the U.S. for economic development,” said Kevin Considine, Lake County Partners’ president and CEO. “As the home of the largest life science cluster in the Midwest, Lake County provides the unmatched talent, industry leaders, world-class research institutions and integrated transportation access that is integral to business success. We applaud AbbVie’s decision to continue its growth here, and are excited about their continued investment in Lake County.”
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.
Lake County has achieved the strongest year in its history for job growth and direct capital investment, capping off a five-year run that stands as the most successful in several decades – over 4,000 new jobs and $1.83 billion in capital investment. Fueled by a highly skilled workforce, unmatched global connectivity, and competitive state business incentives, Lake County continues to solidify its position as a premier destination for business growth in the Midwest and nationally.
“Lake County has the assets to compete with anyone,” said Kevin Considine, president & CEO of Lake County Partners. “Our workforce, strategic location in the heart of Chicagoland, and adjacency to O’Hare International Airport — the most connected airport in the world — give companies a global platform for success. But we could not have achieved this record-breaking performance without the job growth incentives from the State of Illinois.”
Just a few years ago, Illinois was often absent from shortlists for major corporate expansions and relocations because of uncompetitive incentive programs. That changed with reforms and modernization efforts that positioned Illinois to go toe-to-toe with other states. Programs such as the Economic Development for a Growing Economy (EDGE) Tax Credit and the new Reimagining Energy and Vehicles (REV) Illinois program have become essential, table-stakes tools that ensure Illinois competes effectively for high-impact projects.
With state incentives now on par with national competitors, Lake County’s inherent strengths are winning deals.
Over the past two years alone, major employers including Fortune Brands Innovations, AbbVie, Vantive, and Sysmex announced significant expansions in Lake County, bringing substantial new jobs and capital investment. At the same time, growing companies such as Plano Pharmaceuticals, Henry Broch Foods, and Ymer Technologies have chosen to invest and expand locally — reinforcing that Lake County’s growth spans companies of all sizes and industries.
To sustain this momentum, continued investment in development-ready sites is critical. Infrastructure — including power, water, sewer, and proper zoning — is expensive but essential. Speed matters in today’s competitive site selection environment. Counties and municipalities cannot shoulder these costs alone. Strategic investment in shovel-ready sites will ensure Lake County can maintain its winning streak nationally and globally.
Innovation remains central to Chicagoland’s identity. Lake County is home to the largest life sciences cluster in the Midwest and ranks among the top hubs in the nation.
However, leaders across the life sciences sector have emphasized the need to modernize Illinois’ Research and Development Tax Credit program. Aligning the state credit more closely with federal programs — including a discussion of transferability — would strengthen early-stage companies and help prevent promising startups from relocating to coastal markets to access capital.
“Chicagoland has the workforce, the logistics platform, the innovation infrastructure, and the quality of life that companies seek,” Considine added. “With smart, modern incentive programs and strategic infrastructure investment, we are exceptionally well positioned to keep winning.”
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.
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.
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