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Illinois Business Developments

Illinois is the biggest market in the Midwest and home to more than 2000 corporate headquarters, a thriving startup scene, and over 1.2 million small-scale businesses, offers all the resources global businesses require to succeed in the current business climate. From world-class infrastructure which connects companies with suppliers and customers to skilled workforce across various industries as well as a modern manufacturing base - Illinois excels in a variety of areas such as clean and advanced agricultural technology, energy, and life sciences logistics for transportation.

Illinois has seen a huge foreign investment growth over recent years. Countries like Britain, Japan, Germany and China were among the most invested in Illinois in 2023. By that time, the total was more than USD $13.2 billion across manufacturing, agribusiness and other sectors in Illinois all by itself.

Since 2014, nearly $1 billion in incentives were granted under Illinois' Reimagining Energy and Vehicles program to companies that provide electric vehicles as well as green energy production. Last month, DCEO also granted PsiQuantum Manufacturing with an incentive package of more than $200 million to build a state-of-the-art facility located in East Alton.

Governor JB Pritzker was joined by representatives from his organization, 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. The 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 are expanding their existing factory in Elgin and will create 50 full-time employees while maintaining 140 existing full-time positions intact.

The Illinois Small Business Development Center at Southern Illinois University is funded partly through a cooperative arrangement between U.S. Small Business Administration, Illinois Department of Commerce and Economic Opportunity and Southern Illinois University. The center provides local entrepreneurs with assistance in starting or expanding their businesses through programs such as free workshops on business planning One-on-one counseling sessions with experienced Business Advisors and access financing options.

State officials in Indiana are pushing employers to offer better salaries and benefits as a way to keep child care workers employed nationwide, who face a shortage of job. This comes following the closing of a children's care center located in Bronzeville where it was difficult to retain employees.

illinois newspaper archives - pressez.blog.fc2.com, Department of Labor also created an online tool to help small businesses understand lawful employment practices. Employers can search for keywords or browse through categories on this website, as well as connect to state agencies and information sources.

Illinois Business Development Authority (IBDA) is taking steps to increase awareness about Illinois tax incentives that can be used for business expansion. The IBDA hosted a webinar this week about this topic. The event was recorded. The webinar will later become archived and posted on their site.