Appendix C Why Peoria.pdf
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- Solicitation number
- 18-25
- Issued by
- Peoria County, Peoria City, Illinois
About this file
This document is a promotional brochure highlighting the economic and lifestyle advantages of Peoria, Illinois, produced by the city's economic development team. The brochure emphasizes Peoria's strategic location in central Illinois, its diverse economic base, and its appealing urban amenities, targeting potential businesses, residents, and investors. Key features include the city's robust industrial sectors (healthcare, manufacturing, logistics, and agriculture), strong educational institutions like Bradley University and Illinois Central College, and its ranking as the #1 best place to live in Illinois by USNews.com.
The document showcases Peoria's economic strengths, including $1.1 billion in annual agricultural product sales, $349.8 million in downtown TIF-funded projects, and a significant jobs base across multiple industries. The city offers competitive advantages such as affordable living expenses (14% lower overall compared to Chicago), a central transportation hub with Interstate 74 and multiple highways, and the Peoria International Airport providing connections to over a dozen major cities. The brochure positions Peoria as an attractive destination for businesses and professionals, highlighting its small-city affordability combined with urban amenities, diverse economic ecosystem, and strategic Midwestern location.
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Why Peoria?Why Peoria?
A historic river city, Peoria is a vital cultural hub of centralA historic river city, Peoria is a vital cultural hub of central Illinois, the largest metropolitan area on the Illinois River, andIllinois, the largest metropolitan area on the Illinois River, and home to over 400,000 people.home to over 400,000 people.
A strategic location along the Illinois River, resilient economy, and strong educationalA strategic location along the Illinois River, resilient economy, and strong educational institutions position Peoria as a significant economic force in central Illinois. Long known forinstitutions position Peoria as a significant economic force in central Illinois. Long known for its manufacturing heritage, Peoria’s established transportation infrastructure and centralits manufacturing heritage, Peoria’s established transportation infrastructure and central location have supported its economic development, drawing businesses from across thelocation have supported its economic development, drawing businesses from across the
Midwest.Midwest.
The City is emerging as a center for healthcare innovation through institutions includingThe City is emerging as a center for healthcare innovation through institutions including
OSF Healthcare and the University of Illinois College of Medicine, while maintaining itsOSF Healthcare and the University of Illinois College of Medicine, while maintaining its strong manufacturing base. The diversification into healthcare, logistics, and advancedstrong manufacturing base. The diversification into healthcare, logistics, and advanced manufacturing has helped stabilize Peoria’s economy, while partnerships with localmanufacturing has helped stabilize Peoria’s economy, while partnerships with local institutions such as Bradley University ensure a steady pipeline of skilled talent.institutions such as Bradley University ensure a steady pipeline of skilled talent.
$1.1B$1.1B
IN AGRICULTURE PRODUCTSIN AGRICULTURE PRODUCTS
SOLD ANNUALLYSOLD ANNUALLY
$349.8M$349.8M
IN TIF FUNDED PROJECTS ININ TIF FUNDED PROJECTS IN
OR AROUND DOWNTOWNOR AROUND DOWNTOWN
#7#7
BEST HOUSING MARKET FORBEST HOUSING MARKET FOR
1ST TIME HOMEBUYERS IN USA1ST TIME HOMEBUYERS IN USA
#1#1
OLDEST AND LARGEST PARKOLDEST AND LARGEST PARK
DISTRICT IN ILLINOISDISTRICT IN ILLINOIS
Healthcare 30,000
Manufacturing 24,500
Logistics 5,739
Agriculture & Food Processing 4,579
A BUSINESS INCUBATOR
ACROSS INDUSTRIES
Peoria is not only culturally rich but also home to a wide array of companies spanning different industries, such as healthcare, manufacturing, and agriculture. This distinctive blend of sectors makes Peoria an appealing destination for businesses of all kinds. The City's varied economy contributes to the stability of the local leasing market, ensuring resilience against downturns in any specific industry.
PEDIATRIC SPECIALTY TOP FOREIGN-
TRADE ZONE
#1 #25
IN ILLINOIS FOR
USDA CERTIFIED
ORGANIC FARMS
#1
PRODUCER OF BULK
POPCORN
LARGEST INLAND
PORT IN THE
NATION
#1 #6
28%
15%
14%
14%
HEALTHCARE
MANUFACTURING
LOGISTICS
AGRICULTURE & FOOD PROCESSING
JobsMajor Industrial Businesses
A MAGNET FOR
NEW PROFESSIONALS
Peoria boasts a well-educated population that contributes positively to and alongside its business environment. Partnerships are common at Illinois
Central College, giving job training for local demand. Institutions such as
Bradley University provide a steady stream of new graduates who integrate into the community as part of their education, with many choosing to stay and call Peoria their new home.
LOCAL AFFORDABLE EDUCATION SUPPORT
SMALL CITY LIVING
BIG CITY AMENITIES
With a population of 113,150 in the City of Peoria, the city boasts
Urban amenities with small-city affordability
Rich cultural offerings inducing Peoria Riverfront Museum
Historic architecture and neighborhoods
Vibrant downtown entertainment district
No time1
BEST PLACE TO LIVE
IN ILLINOIS
ALL AMERICA CITY BEST AFFORDABLE
PLACE TO LIVE IN
THE U.S.
LARGEST CITY ON
THE ILLINOIS RIVER
#1No 9
Your Gateway to Urban Excitement and Natural Serenity in Just 15 min No matter what lifestyle you aspire to, Peoria offers it all within a 15-minute reach.
Experience the vibrant urban towers and bustling civic center, alongside serene rivers and expansive parks. An international airport is conveniently located near picturesque rolling hills and endless prairies. Indulge in familiar comfort foods or explore a wide array of diverse ethnic cuisines.
The Peoria Park District stands as the oldest and largest park district in
Illinois, spanning nearly 66 acres.
It features 26 golf courses and 33 disc golf courses.
Peoria International Airport facilitates over 38,000 flight operations annually.
It offers an average travel time of just 8 minutes from car to airline gate.
Peoria’s downtown area is situated along the picturesque Illinois River.
It has been ranked as the #1 best place to live in Illinois by USNews.com.
Peoria is ideally situated for swift commutes and easy travel. Regardless of whether you choose to travel by bus, car, or plane, Peoria acts as a central hub for the region, linking you to your desired destinations.
17 bus routes connecting residents to key areas in the region
Average commute time of just 17.5 minutes
Only 8 minutes from car to airline gate, providing access to over a dozen major cities
A M E N I T Y L I S T
C O M M U T E T I M E S A N D B U S S E R V I C E
Peoria sits at the center of Central Illinois, with Interstate 74 running directly through the city and Highway 155 located just outside of it.
Thanks to the additional highway networks, including Interstate 474, 150, 40, and 29, residents can travel across Peoria in approximately 15 minutes.
The Peoria International Airport proudly provides nonstop flights with three airlines: Allegiant, American, and United, making it easy for you to reach destinations worldwide. Some key locations include Charlotte, NC; Chicago, IL; Dallas, TX; Denver, CO; Destin, FL; Fort Lauderdale, FL; Las Vegas, NV;
Mesa, AZ; Nashville, TN; Orlando, FL; Punta Gorda, FL; Sarasota, FL; and St.
Petersburg, FL.
H I G H W A Y S
G L O B A L A I R C O N N E C T I O N
Peoria and Building LocationPeoria and Building Location
LIVING EXPENSES COMPARED TO PEORIA
WORLD-CLASS URBAN LIVING
AT AN AFFORDABLE PRICE
The Peoria metro area stands out as the most budget-friendly market in the nation for first-time homebuyers who can make a down payment. This affordability plays a crucial role in fostering the success of our startup community, particularly for emerging founders.
^14% ^10%
^9% ^6%
^72%
^53%
Chicago
Illinois
Chicago
Illinois
OVERALL DIFFERENCE FOOD DIFFERENCE HOUSING DIFFERENCE
Chicago
Illinois
MIT LIVING WAGE CALCULATOR FOR 2 PARENT 2 CHILD HOUSEHOLDS
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