Site Selection Magazine – an international industry-leading business publication – released its annual corporate expansion and relocation rankings, naming Illinois No. 2 in the nation for corporate projects for the third consecutive year, and Chicago the Top Metro for the 12th year in a row.

Illinois saw 664 business expansion or relocation projects in 2024 (up from 552 in 2023).

Companies that located or expanded throughout Illinois in 2024 include:

• PsiQuantum: Serving as the anchor tenant of the Illinois Quantum and Microelectronics Park, creating at least 150 new jobs and $1.09 billion in capital investment.

• Sysmex America, Inc.: Growing its operations in northeast Illinois, creating 110 new full-time jobs and retaining nearly 550 existing jobs through a $20.6 million investment.

• Aluflexpack AG: Expanding its operations to Bolingbrook with a $10 million investment and 30 new full-time jobs.

• Wieland Rolled Products North America: Investing $500 million, reinforcing its long-term commitment to six facilities across the state.

• Bedrock Materials: Locating its research and development headquarters in Chicago and plans to expand its footprint in Illinois with a $2.5 million investment.

• Ymer Technology: Opened its U.S. headquarters in Buffalo Grove with a $5.7 million investment.

In order to qualify, projects must meet one or more of these criteria: investment of $1 million or more, creation of 20 or more new jobs, or 20,000 square feet or more of new space.

Illinois’ strong fiscal growth has laid the foundation for continued growth in key industries outlined in Illinois’ Economic Growth Plan. With these targeted investments, the state is becoming a nation-leader in emerging industries including quantum technology, electric vehicle manufacturing, clean energy production, next-generation agriculture and more.