The Competitive Advantage: Location, Location, Success
Lake County offers the competitive advantage that businesses need, and the quality of life that their employees want.
Lake County is a premier headquarters address for companies in the life sciences, advanced manufacturing, financial services and professional service industries.
Lake County is a preferred location of choice for over 30,000 businesses ranging from locally-owned manufacturers to a number of globally-recognized Fortune 500 corporate headquarters.
Lake County's demographics are impressive, and the local workforce is highly-educated. Over 42% of residents have a bachelor's degree or higher, which exceeds the national average by over 13%.
Illinois’ overall tax rates are very competitive with other states, resulting in lower business costs. According to the Tax Foundation’s 2013 Business Tax Climate Index, the State of Illinois' overall rank was better than Wisconsin, North Carolina, Georgia, Ohio, New York, and California. Furthermore, due to lower real estate taxes in the area, Lake County has a significant advantage over the City of Chicago because it can offer attractive alternatives to the downtown cost of doing business.
Lake County offers an advanced telecommunications infrastructure around its corporate facility clusters which supports interconnected regional, national and international networks.
Lake County offers opportunities for employees to continue their training and certifications, with professional development programs offered locally through the College of Lake County, Loyola University Chicago Cuneo Mansion and Gardens, Lake Forest Graduate School of Management, Lake Forest College, Rosalind Franklin University of Medicine and Science, and Trinity International University.
In contrast to neighboring counties, the three government agencies in Lake County have the highest possible AAA bond rating. These agencies have also made a demonstrated commitment to working together to invest in infrastructure, improve economic development conditions and opportunities, and advance solutions on regional issues.