O’Fallon, Illinois is a thriving business community that has experienced a remarkable economic boom in recent years. The city has been identified as one of the fastest-growing communities in the state, thanks to a combination of factors including its location, affordable real estate, low taxes, and growing population.
With a population of over 30,000, O’Fallon has grown by 60% since 2000. This growth has been fueled by a diverse range of businesses, primarily in the healthcare, retail, and manufacturing sectors. The city is home to numerous medical facilities, including St. Elizabeth’s Hospital, a $300 million facility that opened in 2017, and the HSHS Medical Group, which employs over 150 medical providers.
Retail is also important to O’Fallon’s economy. The city is home to several shopping centers, including the O’Fallon Plaza, which features numerous national retailers, and the recently constructed Four Points Plaza. In addition, O’Fallon is home to several large employers, including the O’Fallon Assembly Plant of General Motors, one of the largest employers in the area.
Manufacturing is another important sector in O’Fallon’s economy, with numerous manufacturing companies calling the city home. One of the largest is GE Aviation, which has a facility that produces aircraft engines for the U.S. military.
Overall, O’Fallon is a thriving business community that is well positioned for continued growth in the future. Its favorable location, growing population, affordable real estate, and low taxes make it an attractive location for businesses looking to expand or relocate. With a strong and diverse economy, O’Fallon is sure to continue to be a hub of business activity for years to come.