While Peoria is a great place for nearly all types of development, we have targeted several industry sectors that match Central Illinois’ strengths and assets and to encourage a robust and sustainable regional economy.
Peoria is home to the world’s leading manufacturers of construction and mining equipment. The Peoria region exported more merchandise per capita than any other place in the United States in 2010-$29,284 worth of merchandise per person. Most of Peoria’s international trade is attributed to Komatsu and Caterpillar.
The health-care industry accounts for at least 25% of Peoria’s economy. The city has three major hospitals: OSF Saint Francis Medical Center, UnityPoint Health – Methodist, and UnityPoint Health – Proctor. In addition, the Children’s Hospital of Illinois, the University of Illinois College of Medicine at Peoria, and the Midwest Affiliate of St. Jude Children’s Research Hospital are also located in the city.
Innovation and Technology
Peoria prides itself on nurturing entrepreneurship and business start ups to remain on the cutting edge of advanced innovation and technology. Peoria NEXT Innovation Center is designed to incubate existing small businesses that develop and market new technologies in the medical, energy, and manufacturing industries. The National Center for Agricultural Utilization Research also known as Peoria’s “Ag Lab” is located in Peoria and is a leader in research and development on environmental impacts of agriculture products.