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ARTICLE: Mount Prospect In-Depth

Mount Prospect, IL is situated 22 miles northwest of downtown Chicago. Thanks to commuters, Mount Prospect has demonstrated a great propensity for growth and vision since the 1960s. Randhurst Mall, for example was built in Mount Prospect in 1962, and at that time, it was the largest air-conditioned mall in the U.S., complete with a bomb shelter large enough to protect the entire population of the town.

Trivia aside, Mount Prospect also presents a good economic profile. Retail, wholesale trade, and manufacturing are the major employment sectors in this town. Bosch Tool Corporation (established in 2003) employs the largest number of people in Mount Prospect. This is an indication of the strides the economy of Mount Prospect has made in recent years. Caremark Corporation, another recent addition to the local economy, is the second top employer, followed by Metropolitan Life, an insurance company that has been around since 1989.

The median household income in Mount Prospect is $57, 165 and the per capita income is $26,464. Both well above the national averages, these indicate a relatively high standard of living. With regard to education, Mount Prospect, IL can boast that 86% of its population holds a high school degree or higher.

Mount Prospect continues to attract new business by providing space, infrastructure, and incentives. Its proximity to O'Hare International Airport has certainly helped. Within a three-mile radius of the town, approximately 95,000 people work in over 5,300 different businesses, which speaks volumes about the town's growth potential.

Sources:

• Epodunk
• City Data
• Illinois Biz
• Mount Prospect City Homepage

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