
Lake County’s talent and strong mix of industries fueled record growth in 2024, with the year building on one of the best runs of economic development in the county’s history. The year also developed a fresh pipeline of projects in key industries like advanced manufacturing, food packaging, life science, and sustainable energy like us to pursue in 2025.
As a direct result of our work, we helped fuel $251 million in new capital investment and 541 new jobs, and retain 667 existing jobs in Lake County in 2024. We are especially proud to announce that, over the last 5 years, we have also powered $1.33 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.
Between all the groundbreakings, ribbon cuttings, award ceremonies, and everything in between, there were plenty of occasions to celebrate in 2024. Here were just a few of the year’s biggest highlights:
MAJOR INVESTMENTS & NEW JOBS DEFINED 2024



T5 DATACENTERS
When T5 decided to invest $2.25 billion in a new data center, it chose Lake County for its well-regarded talent, connectivity and reliable power. Its initial 160 acre site acquisition and 480MW+ of computing power at Grayslake’s Cornerstone Innovation Park represents Lake County’s largest datacenter project to date. The new Grayslake campus is designed to meet the growing demand for large-scale data center capacity in support of cloud and artificial intelligence workloads. Expect additional announcements on this project later this year.
YMER TECHNOLOGIES
After working with LCP to seal the deal, Ymer Technologies relocated from Texas to Lake County and cut the ribbon on a 80,000 square foot HQ facility at 1100 Asbury Drive, Buffalo Grove. Taking advantage of Chicagoland’s unmatched location and exceptional workforce, Ymer produces its cooling technology and thermal management systems for EVs in support of Illinois’ booming clean energy economy.
SYSMEX AMERICA
Medical diagnostic equipment manufacturer Sysmex America, is investing $20.6 million dollars into the company’s Lake County facilities in Lincolnshire and Buffalo Grove to grow its high precision and automation systems and enhance lab efficiency and accuracy. With the addition of 110 new employees and retention of 550 existing employees, this expansion underscores Sysmex’s commitment to the community and dedication to innovation and improving patient outcomes.



THOMAS FOODS
Australian-based Thomas Foods International enters the Midwest meat and seafood market with its acquisition of a 60,000 square foot manufacturing plant at 924 Sherwood Drive in the Village of Lake Bluff. With operations beginning in 2025, this $28 million dollar investment adds 108 employees to Lake County’s workforce.
ZF SERVICES
When assessing the best location for their North American HQ, ZF Services recognized that its existing home at 777 Hickory Hill Drive, Vernon Hills was always the “right place.” Lake County’s exceptional workforce, highly accessible location, robust talent training institutions, and supportive local, county, and state partners secured the retention of ZF’s 250 local employees via a lease renewal on the 290,000 square feet facility.
AZ POLYMERS
In recognizing the value of Lake County’s workforce talent, optical grade plastic manufacturer AZ Polymers acquired its second site in Gurnee to expand its local operations by an additional 75,000 square feet. This $10 million dollar facility will add 10 new employees and serve AZ’s warehouse and distribution needs while simultaneously allowing for installation of a third production line at their manufacturing plant.
BECOME ONE OF OUR SUCCESS STORIES
The good news doesn’t end here. Keep an eye on our social media, blog and news to learn more about growing your business in Lake County, Illinois. We have over 25 years of experience driving economic growth and the resources needed to take your company to the next level. Connect with us to tap into our free services here.
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