Due to Springfield being the capital of Illinois, a large number of the jobs in Springfield are centered around the state government. Trade transportation and warehousing; and healthcare are other major employment sectors. Memorial Health Systems is one of the largest private sector employers. The area also includes over 130 manufacturing companies. The city is also home to several back office operations of national companies in the fields of telecommunications, insurance and technology. Tourism, affiliated with President Lincoln, significantly contributes to the Springfield economy.
Accolades for Springfield: Business Development Outlook magazine placed Springfield in the top 25 cities in the nation for doing business. Rated as a five star location for medium-sized business expansion and relocation by Expansion Management magazine. The Center for Governmental Studies audit showed that the overall labor quality in Springfield is among the best in the nation, based on information provided by local employers.
A list of the largest employers in the Springfield region is provided below:
- State of Illinois
- Memorial Health System
- St. John's Hospital
- Illinois National Guard
- Springfield public schools
- City of Springfield
- SIU School of Medicine
- Horace Mann Insurance Company
- Springfield Clinic, LLP
- U.S. Postal Office
- United Contractors
- Cingular Wireless SBC
- Freeman United Mining
- AIG American General
- Express Personnel Services
The primary employment sectors in Springfield are shown below:
- Trade, transportation & warehousing
- Accommodations, food & entertainment
- Finance, insurance, real estate & management
- Information, professional & technical
Noteworthy information about Springfield: The estimated median household income in 2007 was $42,000. The cost of living index in 2008 was at 77 which is low when compared to the nation's average of 100. About 31% of the adult population has a bachelor's degree or higher.
Springfield companies have access to helpful business organizations including:
- Greater Springfield Chamber of Commerce
- Downtown Springfield Inc Authority
- Illinois Department of Commerce and Economic Opportunity
The State Journal-Register offers current information regarding the business activities in Springfield.