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Illinois Leads Midwest for Business Startups
Illinois is leading the Midwest, and is among the top 10 states nationally, in business startups, the Pritzker administration said Friday. Data from the Census Bureau’s Business Formation Statistics Report also show that Illinois saw its highest number of business startups to date, 198,827, in 2021.
Regionally, Illinois had the highest number of business startups in the Midwest (as defined by the Census bureau), with 44,000 more business startups than second-ranked Ohio, as well as the region’s highest growth (69%) between 2019-2021. Nationally, Illinois ranked sixth in the number of business startup—behind Florida, California, New York, Texas and Georgia—and eighth in growth rate overall. Among the 20 largest states, it ranks second behind Georgia for growth rate.
“”With yet another record-breaking year under our belt, Illinois kicks off 2022 with a message for the world: we’re back and open for business,” said Gov. JB Pritzker.
- ◦Economy
