Illinois Business Developments

Illinois, as the largest markets in the Midwest and home to over 2000 corporate headquarters, a thriving business scene, and more than 1.2 million small businesses, is home to all of the assets global companies require to thrive in the current business climate. From the world-class infrastructure that connects businesses with their suppliers and customers, to a skilled workers in various fields as well as an advanced manufacturing base - illinois postgame press conference (visit their website) excels in a variety of areas including advanced and sustainable energy, agribusiness, IT life sciences, transportation logistics.

Illinois has experienced a tremendous increase in expansion of foreign investments in recent years. Countries like Britain, Japan, Germany and China were among the most investing in Illinois and by 2023, this amount reached over USD $13.2 billion across agricultural, manufacturing, and other industries in Illinois all by itself.

In 2014, over $1 billion in incentives have been awarded under Illinois Reimagining Energy and Vehicles program to companies providing electric vehicles and renewable energy production. Last month, DCEO also provided PsiQuantum Manufacturing with an incentive package worth more than 200 million dollars for their new advanced facility 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 inaugurate CZ Biohub Chicago - a revolutionary research hub located in the forefront of scientific research. 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 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 positions while keeping the existing 140 full-time employees.

The Illinois Small Business Development Center located at Southern Illinois University is funded through a collaborative agreement among U.S. Small Business Administration, Illinois Department of Commerce and Economic Opportunity and Southern Illinois University. The Center provides local entrepreneurs with assistance for the creation or expansion of their businesses by offering services like free workshops on business planning and one-on-one sessions with expert Business Advisors and access to funding opportunities.

State leaders in Indiana are insisting on employers offering higher compensation and benefits as method of keeping child care workers working across the nation which is a problem due to a shortage of work. This comes following the closing of a child care facility located in Bronzeville that struggled to keep its staff.

Illinois Department of Labor also created an online tool to help small businesses understand the laws governing employment. Employers can search using keywords or browse categories on the website, as well as connect to the appropriate state agencies and resources.

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