Illinois Business Developments

Illinois, as the largest market in the Midwest and the home of more than 2000 corporate headquarters, an active startup scene and over 1.2 million small-scale businesses, offers all the resources that global firms require to flourish in the current business climate. From world-class infrastructure that connects companies with suppliers and customers to skilled and knowledgeable workforces in various industries and an advanced manufacturing base - Illinois leads in many areas like advanced and clean agricultural technology, energy, and life sciences logistics for transportation.

Illinois has witnessed a significant expansion of foreign investments in recent years. Countries such as Britain, Japan, Germany and China were among those most invested in Illinois In 2023, this sum was greater than USD $13.2 billion in agricultural, manufacturing, and other sectors in Illinois alone.

In 2014, over $1 billion in incentives were distributed under Illinois' Reimagining Energy and Vehicles program to firms that supply electric vehicles and renewable energy production. Last month, DCEO also awarded PsiQuantum Manufacturing with an incentive package of more than $200 million for their new high-tech 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 to officially launch CZ Biohub Chicago - a revolutionary research hub located at the forefront of leading scientific studies. This project will bring together University of Chicago, Urbana-Champaign State University (UIUC) and Northwestern University researchers to study the development of human tissues as well in developing revolutionary therapeutics.

Governor JB Pritzker and Flender Corporation recently announced they have expanded their plant for manufacturing in Elgin which will create 50 full-time jobs while keeping 140 existing full-time positions intact.

The Illinois Small Business Development Center at Southern Illinois University is funded in part through a cooperative agreement between U.S. Small Business Administration, Illinois Department of Commerce and Economic Opportunity and Southern Illinois University. The Center assists entrepreneurs in the area with support for the creation or expansion of their businesses by offering services like free workshops on business planning individual counseling sessions with expert Business Advisors, and access to financing opportunities.

State officials in Indiana are informing employers how to Press charges in illinois [https://form.Jotform.com] provide higher pay and benefits as a means of keeping childcare workers working across the nation which is a problem due to a shortage of jobs. This follows the closure of a care center located in Bronzeville which struggled to retain employees.

Illinois Department of Labor also introduced an online tool to inform small-scale businesses about the laws governing employment. Employers are able to search using keywords or browse through categories on this website; and connect to the appropriate state agencies and sources.

Illinois Business Development Authority (IBDA) is working to increase awareness about Illinois tax incentives to expanding businesses by hosting a webinar this week on the subject. It was recorded. It will then be archived on their website.