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Illinois Business Developments

Illinois, as the largest market of the Midwest and home to over 22,000 corporate headquarters, a vibrant startup scene, and over 1.2 million small enterprises, has all the resources that global businesses need to be successful in business today. From world-class infrastructure that connects companies to customers and suppliers to highly skilled workers in various fields and an advanced manufacturing base - Illinois leads in many areas such as advanced and clean energy, agribusiness, IT life sciences and transportation logistics.

Illinois has experienced a tremendous increase in international investment growth in recent years. Countries like Britain, Japan, Germany and China were among the most invested in Illinois in 2023. By that time, the sum was greater than USD $13.2 billion across the agribusiness, manufacturing and manufacturing industries in Illinois alone.

Since 2014, over $1 billion in incentives has been awarded under Illinois Reimagining Energy and Vehicles program to companies that provide electric vehicles as well as renewable energy production. In the last month, press release pitch email example (https://www.diigo.com) DCEO also rewarded PsiQuantum Manufacturing with an incentive package totaling over $200 million for their new high-tech manufacturing facility in East Alton.

Governor JB Pritzker joined 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 innovative research hub that is that is at the forefront of cutting-edge 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 as develop groundbreaking therapeutics.

Governor JB Pritzker and Flender Corporation recently announced they are expanding their current manufacturing facility in Elgin that will result in 50 full-time employees while maintaining the 140 full-time positions they currently have.

The Illinois Small Business Development Center located at Southern Illinois University is funded in part through a cooperative arrangement between U.S. Small Business Administration, Illinois Department of Commerce and Economic Opportunity and Southern Illinois University. The Center assists entrepreneurs from the local area with help in beginning or expanding their business through services such as free workshops on business planning, one-on-one counseling sessions with expert Business Advisors and access financing opportunities.

State officials in Indiana are pushing employers to offer better salaries and benefits as a means of keeping childcare workers employed nationwide which is a problem due to a shortage of jobs. The decision comes after the closure of a child care facility located in Bronzeville which struggled to retain staff.

Illinois Department of Labor also created an online tool to provide small-sized businesses with information on the laws governing employment. Employers can search for keywords or browse categories on the website, as well as connect to appropriate state agencies and sources.

Illinois Business Development Authority (IBDA) is taking action to raise awareness of Illinois' tax incentives for business expansion. The IBDA hosted a webinar this week about this topic. The event was recorded and will later appear on the website.