Illinois Business Developments

Illinois is the biggest markets in the Midwest and home to over 22,000 corporate headquarters, an active startup scene and over 1.2 million small businesses, provides all the resources that global businesses need to be successful in business today. The world's best infrastructure connects businesses with their suppliers and customers to talented workforce in various industries as well as a modern manufacturing base - Illinois leads in many areas such as clean and advanced energy, agribusiness, IT life sciences logistics for transportation.

Illinois has experienced a tremendous increase in foreign investment growth over recent years. Countries such as Britain, Japan, Germany and China were among the countries that most invested in Illinois In 2023, this amount was over USD $13.2 billion across the agribusiness, manufacturing and manufacturing areas in Illinois alone.

Since 2014, over $1 billion in incentives have been given out under Illinois Reimagining Energy and Vehicles program to firms that supply electric vehicles and renewable energy production. In the last month, DCEO also awarded PsiQuantum Manufacturing with an incentive package that was worth over $200 million to build a advanced manufacturing facility located in East Alton.

Governor JB Pritzker was present along with representatives from Chan Zuckerberg Initiative, the Chan Zuckerberg Initiative, Chan Zuckerberg Biohub Network and local officials today in Chicago to officially launch CZ Biohub Chicago - a innovative research hub that is at the forefront of leading research. The initiative will bring together University of Chicago, Urbana-Champaign State University (UIUC) and Northwestern University researchers to study human tissue development as well in developing revolutionary therapeutics.

Governor JB Pritzker and Flender Corporation recently announced they are expanding their current manufacturing facility in Elgin and will create 50 full-time employment while keeping the existing 140 full-time employees.

The Illinois Small Business Development Center at Southern Illinois University is funded by a co-operative 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 by offering services like free workshops on business planning individual counseling sessions with expert Business Advisors as well as access to financing opportunities.

State leaders in Indiana are pushing employers to offer better pay and benefits as a way of keeping child care workers employed nationwide which is a problem due to a shortage of employment. This follows the closing of a children's care center located in Bronzeville that struggled to keep its staff.

Illinois Department of Labor also introduced an online tool to inform small-scale businesses about employment laws. Employers can search using keywords or browse categories on this website, as well as connect with state agencies and information sources.

Illinois Business Development Authority (IBDA) is working to raise awareness of illinois valley news tax incentives to business expansion. The IBDA hosted the IBDA's webinar this week on the subject. It was recorded. It will then be available on their website.