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Deerfield is a north shore suburb of Chicago in Lake County, Illinois, United States, approximately 25 miles north of Chicago with a small portion extending into Cook County, Illinois. Deerfield is home to the headquarters of Walgreens Boots Alliance, Baxter Healthcare, Caterpillar Inc., and Fortune Brands Home & Security. Deerfield is often listed among some of the wealthiest and highest earning places in Illinois and the Midwest. The per capita income of the village is $68,101 and the median household income is $143,729.

Economy In 1982 a 324-acre (131 ha) tax increment financing district opened along Lake-Cook Road, spurring business development. As of 1987 the office leasing activity in Deerfield increased tremendously, and throughout the 1980s office buildings were developed along Lake-Cook Road, between Interstate 294 and Waukegan Road. Two hotels, an Embassy Suites and a Hyatt, opened during the era to accommodate the increased business traffic. Factors augmenting the establishment of businesses along the corridor included the opening of the district, the abundance of vacant land, and the corridor's proximity to the Chicago Loop and O'Hare International Airport.

Economy: Corporate headquarters Deerfield is home to the headquarters of Baxter Healthcare, Beam, Big Apple Bagels, CF Industries, Caterpillar, Fortune Brands Home & Security, Essendant, and Walgreens Boots Alliance. As of 2020, Walgreens Boots Alliance employed 6,500 employees at its headquarters, along with 2,500 Walgreens employees, making it the largest employer in Deerfield.

Economy: Top employers As of 2020, the top employers in the city include:

Employer # of Employees

1 Walgreens Boots Alliance; 2 Walgreens; 3 Alera Group; 4 Baxter International; 5 Baxter Healthcare; 6 Essendant; 7 Deerfield Park District; 8 Trinity International University; 9 Deerfield School District 109; 10 CF Industries.

Economy: Retail In 1998, a significant portion of downtown Deerfield downtown was demolished and replaced with a new outdoor shopping district called Deerfield Square. It is composed of a variety of retailers and restaurants including Barnes & Noble, Potbelly Sandwich Shop, CorePower Yoga, Walgreens, and Whole Foods Market. In addition to merchandising space, Deerfield Square includes office space and an outdoor plaza which is used during the summer for free outdoor concerts.

Deerbrook Mall is a shopping district located along the Deerfield-Northbrook border. When it originally opened in 1971, it included both indoor and outdoor shopping areas. Current tenants of Deerbrook Mall include Bed Bath & Beyond, Jewel-Osco, Hobby Lobby, Panera Bread, and Starbucks.

Near Deerbrook Mall is Caldwell Corners, a small outdoor mall that carries the village's original name. Current tenants include Dollar Tree, Planet Fitness, and Pet Supplies Plus.