Manufacturing investment activity intensifies across Illinois

Bar chart titled "Manufacturing investments by sector" showing major Illinois industrial investments from January to August 2025. Investments are color-coded by sector: Automotive (purple), Heavy (orange), Healthcare (green), and Food (blue). Stellantis leads with a $1.2B automotive investment in January, followed by significant contributions from Abbott Labs, Wieland Metals, AbbVie, and others across healthcare, heavy industry, and food sectors.
  • Year-to-date 2025, Illinois has seen a wave of significant corporate industrial investments, with eight major announcements concentrated in the second and third quarters, signaling robust growth in the state’s manufacturing sector.  The large recent announcements totaling $2.5 billion are expected to create thousands of jobs and support sustained economic development across Illinois.
  • A major new federal tax provision, allowing 100% immediate expensing for both equipment and buildings used in qualified production is expected to significantly lower effective corporate tax rates and could further accelerate large-scale industrial investment in manufacturing across Illinois. 
  • The largest investment announced in Illinois in 2025 came from Stellantis, which committed $1.2 billion to reopen and modernize its Belvidere manufacturing plant, which has been idled since 2023 and will bring back over 1,500 jobs.
  • Most recently, AbbVie announced a $195 million investment to expand its North Chicago manufacturing facility, enhancing domestic production of active pharmaceutical ingredients. 
     

August 22, 2025

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Kathleen Cavanaugh

    • Analyst, Central Region Industrial
    • Market Intelligence

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