Illinois Business Developments

Illinois as the biggest marketplace in the Midwest and the home of more than 2000 corporate headquarters, a thriving entrepreneurial scene, and more than 1.2 million small businesses, is home to all of the assets global companies require to thrive in the current business climate. The world's best infrastructure connects companies with suppliers and customers to a talented workforce in various industries and an advanced manufacturing base, Illinois leads in many areas including advanced and sustainable energy, agribusiness, IT life sciences transportation logistics.

Illinois has experienced a tremendous increase in foreign investment growth over recent years. Countries such as Britain, Japan, Germany and China were among the top countries invested in Illinois In 2023, this total was more than USD $13.2 billion in agriculture, manufacturing and other areas in Illinois all by itself.

Since 2014, nearly $1 billion in incentives have been given out under Illinois Reimagining Energy and Vehicles program to companies providing electric vehicles and renewable energy production. In the last month, DCEO also provided PsiQuantum Manufacturing with an incentive package that was worth over 200 million dollars for their new modern facility in East Alton.

Governor JB Pritzker joined representatives from the Chan Zuckerberg Initiative, Chan Zuckerberg Biohub Network and local officials today in Chicago to officially launch CZ Biohub Chicago - a groundbreaking research hub that is at the forefront in scientific studies. This initiative will bring together University of Chicago, Urbana-Champaign State University (UIUC) and Northwestern University researchers to study the development of human tissues as well as develop groundbreaking therapeutics.

Governor JB Pritzker and Flender Corporation recently announced they have announced they are expanding their current production facility located in Elgin which will create 50 full-time employment while keeping 140 existing full-time positions intact.

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 offers entrepreneurs in the area with support for starting or expanding their businesses by offering services like free business planning workshops, one-on-one counseling sessions with experienced Business Advisors as well as access to funding opportunities.

State officials in Indiana are encouraging employers to offer higher wages and Media news (simply click the following internet site) benefits as a way of keeping child care employees in the United States, who face a shortage of job. This comes following the closure of a child care facility in Bronzeville which struggled to retain staff.

Illinois Department of Labor also has launched an online tool to inform small-scale businesses about labor laws. Employers are able to search using keywords or browse categories on this website; and connect with state agencies and sources.

Illinois Business Development Authority (IBDA) is working to make people aware of Illinois' tax incentives for business expansion. They hosted the IBDA's webinar this week about this topic. The event was recorded. The webinar will later become archived and posted on their site.