Illinois Business Developments
Illinois is the biggest markets in the Midwest and home to over 2000 corporate headquarters, an active entrepreneurial scene, and more than 1.2 million small businesses, is home to all of the assets global businesses need to be successful in the modern business. From the world-class infrastructure that connects companies with suppliers and customers, to a skilled workers in various fields as well as an advanced manufacturing base - Illinois excels in a variety of areas such as advanced and clean agricultural technology, energy, and life sciences logistics for transportation.
Illinois has seen a huge foreign investment growth over recent years. Countries like Britain, Japan, Germany and China were among the top countries invested in Illinois in 2023. By that time, the total was more than USD $13.2 billion across manufacturing, agribusiness and other areas in prairie press paris illinois obituaries today, mirror.xyz, all by itself.
Since 2014, more than $1 billion in incentives have been distributed under Illinois' Reimagining Energy and Vehicles program to companies providing electric vehicles and green energy production. This month, DCEO also granted PsiQuantum Manufacturing with an incentive package totaling over 200 million dollars for their new modern manufacturing facility located in East Alton.
Governor JB Pritzker was present along with representatives from Chan Zuckerberg Initiative, the Chan Zuckerberg Initiative, Chan Zuckerberg Biohub Network and local officials today in Chicago for the launch of CZ Biohub Chicago - a revolutionary research hub located in the forefront of scientific research. This project will bring together University of Chicago, Urbana-Champaign State University (UIUC) and Northwestern University researchers to study the human development of tissues as well in developing revolutionary therapeutics.
Governor JB Pritzker and Flender Corporation recently announced they have announced they are expanding their current plant for manufacturing in Elgin and will create 50 full-time jobs while keeping the 140 full-time jobs they have currently.
The Illinois Small Business Development Center located at Southern Illinois University is funded through a collaborative arrangement between U.S. Small Business Administration, Illinois Department of Commerce and Economic Opportunity and Southern Illinois University. The Center provides local entrepreneurs with assistance in creating or expanding their businesses through services such as free business planning workshops and one-on-one sessions with expert Business Advisors and access financing options.
State leaders in Indiana are pushing employers to offer better pay and benefits as a means of keeping childcare employees in the United States as they face a shortage of work. This comes following the closing of a children's care facility located in Bronzeville which was struggling to retain staff.
Illinois Department of Labor also introduced an online tool to educate small businesses on employment laws. Employers can search for keywords or browse categories on the site, and connect to appropriate state agencies and information sources.
Illinois Business Development Authority (IBDA) is taking action to increase awareness about Illinois tax incentives that can be used for business expansion. They hosted the IBDA's webinar this week about this topic. The event was recorded. It will then be archived on their website.