Illinois Business Developments
Illinois, as the largest marketplace in the Midwest and the home of more than 22,000 corporate headquarters, a thriving business scene, and more than 1.2 million small businesses, is home to all the resources global businesses require to succeed in the modern business. From the world-class infrastructure that connects companies with suppliers and customers to talented workforce in various industries as well as an advanced manufacturing base, Illinois excels in a variety of areas such as advanced and clean agriculture, energy, IT life sciences logistics for transportation.
Illinois has seen tremendous increase in foreign investment over the last few years. Countries such as Britain, Japan, Germany and China were among the top countries investing in Illinois; by 2023 this amount was over USD $13.2 billion in manufacturing, agribusiness and other areas in Illinois all by itself.
Since 2014, more than $1 billion in incentives has been given out under Illinois' Reimagining Energy and Vehicles program to companies providing electric vehicles and clean energy production. Last month, DCEO also granted PsiQuantum Manufacturing with an incentive package worth more than $200 million to build a state-of-the-art manufacturing facility in East Alton.
Governor JB Pritzker accompanied by representatives of 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 cutting-edge research hub at the forefront of leading scientific research. The project will unite University of Chicago, Urbana-Champaign State University (UIUC) and Northwestern University researchers to study human tissue development as as develop groundbreaking therapeutics.
Governor JB Pritzker and Flender Corporation recently announced they have expanded their plant for manufacturing in Elgin that will result in 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 partly through a cooperative agreement among U.S. Small Business Administration, Illinois Department of Commerce and Economic Opportunity and Southern Illinois University. The Center offers local entrepreneurs with assistance in beginning or expanding their business through services such as free business planning workshops and one-on-one sessions with experienced Business Advisors as well as access to financing options.
State leaders in Indiana are encouraging employers to offer higher pay and benefits as a means of keeping childcare employees in the mathematical theory of communication. university of illinois press (pressez.blog.fc2.com) United States as they face a shortage of jobs. The decision comes after the closure of a child care center located in Bronzeville that struggled to keep its employees.
Illinois Department of Labor also has launched an online tool to inform small-scale businesses about labor laws. Employers can search using keywords or browse through categories on this website, as well as connect to the appropriate state agencies and other resources.
Illinois Business Development Authority (IBDA) is taking steps to promote awareness of Illinois' tax incentives for business expansion by hosting an online webinar on the subject. It was recorded and will later be available on their website.
