Illinois Business Developments

Illinois is the most populous market in the Midwest and the home of more than 2,000 corporate headquarters, a vibrant startup scene and over 1.2 million small businesses, provides all of the assets global businesses need to be successful in the current business climate. The world's best infrastructure connects companies with customers and suppliers to highly talented workforce in various industries and a thriving manufacturing base, Illinois leads in many areas including advanced and sustainable technology, agriculture, energy, life sciences transportation logistics.

illinois new logo [form.jotform.com] has seen tremendous foreign investment growth over recent years. Countries like Britain, Japan, Germany and China were among the countries that most invested in Illinois and by 2023, this amount was over USD $13.2 billion in manufacturing, agribusiness and other industries in Illinois alone.

Since 2014, more than $1 billion in incentives has been given out under Illinois' Reimagining Energy and Vehicles program to companies that provide electric vehicles as well as renewable energy production. This month, DCEO also rewarded PsiQuantum Manufacturing with an incentive package that was worth over $200 million to build a high-tech manufacturing facility located in East Alton.

Governor JB Pritzker accompanied by representatives of his organization, Chan Zuckerberg Initiative, Chan Zuckerberg Biohub Network and local officials today in Chicago to inaugurate CZ Biohub Chicago - a groundbreaking research hub that is at the forefront in 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, creating 50 full-time employees while maintaining the 140 full-time jobs they have currently.

The Illinois Small Business Development Center located at Southern Illinois University is funded by a co-operative agreement between U.S. Small Business Administration, Illinois Department of Commerce and Economic Opportunity and Southern Illinois University. The center provides entrepreneurs from the local area with help in starting or expanding their businesses with services that include free business planning workshops and one-on-one sessions with experienced Business Advisors and access financing opportunities.

State officials in Indiana are pushing employers to offer better pay and benefits as a way to keep child care workers working across the nation and facing a lack of jobs. This follows the closure of a care center located in Bronzeville which struggled to retain staff.

Illinois Department of Labor also introduced an online tool to help small businesses understand employment laws. Employers are able to search using keywords or browse categories on this website, as well as connect to state agencies and resources.

Illinois Business Development Authority (IBDA) is working to promote awareness of Illinois' tax incentives for expanding businesses by hosting a webinar this week on the subject. The webinar was recorded and will later appear on the website.