Illinois Emerges As Regional And National Leader In Startup Creation In 2021
SPRINGFIELD – Governor Pritzker and the Illinois Department of Commerce and Economic Opportunity (DCEO) today highlighted recently-released data from the Business Formation Statistics Report that shows Illinois is leading the Midwest, and is among the top ten states nationally, in business startups - in addition to reaching the highest recorded number of business startups. Highlights include: Illinois Highlights : - In 2021, 198,827 business startups were created in Illinois, which is an increase from 170,400 in 2020 - In 2021, Illinois recorded its highest-ever number of business startups since the data was first reported in 2004. - Illinois has 69 percent more business startups in 2021 compared to pre-pandemic levels in 2019 (198,827 compared to 117,392). From 2019 to 2020 there was also a 45 percent increase in business startups 117,392 to 170,400). Regional Highlights: - In 2021, Illinois had the highest number of business startups in the Midwest (as defined