What's Happening?
Lake County has been ranked as the 10th best county in the United States for doing business by Site Selection Magazine. This recognition follows a strong first quarter in 2025, where the county saw significant job creation and capital investments. Fortune Brands Innovations played a key role in this growth by consolidating its operations into a central corporate headquarters in Deerfield, contributing to the creation of 1,702 jobs and $246 million in capital investments. Despite uncertainties due to tariffs announced by President Trump, Lake County's business community remains optimistic, bolstered by trade deals with Japan, the United Kingdom, and the European Union.
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Why It's Important?
Lake County's ranking underscores its economic vitality and attractiveness to businesses, particularly in the Chicagoland region. The consolidation of Fortune Brands Innovations highlights the county's ability to attract major corporations, which can lead to job creation and economic development. The recognition by Site Selection Magazine may further enhance the county's reputation, attracting more businesses and investments. This growth benefits local residents through job opportunities and economic stability, contributing to the overall prosperity of the region.
What's Next?
Lake County businesses may face challenges due to ongoing tariff negotiations, impacting supply chains and financial projections. However, the county's strong industrial base and educated workforce provide resilience. Continued efforts to secure favorable trade deals and maintain a supportive business environment will be crucial for sustaining growth. The county's leadership and business community will likely focus on leveraging its strengths to navigate uncertainties and capitalize on opportunities.
