Emerging Commercial Developments In Illinois Making Waves Right Now
Illinois Business Developments
Illinois as the biggest marketplace in the Midwest and the home of more than two thousand corporate headquarters, a vibrant startup scene, and over 1.2 million small businesses, provides all the resources global businesses require to succeed in the modern business. The world's best infrastructure connects companies to suppliers and customers to skilled workers in various fields and an advanced manufacturing base - Illinois leads in many areas including advanced and sustainable technology, agriculture, energy, life sciences, transportation logistics.
Illinois has witnessed a significant international investment growth in recent years. Countries like Britain, Japan, Germany and China were among those most investing in Illinois and by 2023, this sum was greater than USD $13.2 billion in agriculture, manufacturing and press release questionnaire (pressez.substack.Com) other sectors in Illinois all by itself.
In 2014, over $1 billion in incentives were awarded under Illinois' Reimagining Energy and Vehicles program to companies providing electric vehicles and renewable energy production. The program was announced last month. DCEO also granted PsiQuantum Manufacturing with an incentive package of more than $200 million to build a modern manufacturing facility located 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 cutting-edge research hub 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 human development of tissues as well to develop innovative therapeutics.
Governor JB Pritzker and Flender Corporation recently announced they are expanding their existing plant for manufacturing in Elgin that will result in 50 full-time employees while maintaining 140 existing full-time positions intact.
The Illinois Small Business Development Center located at Southern Illinois University is funded partly through a cooperative agreement between U.S. Small Business Administration, Illinois Department of Commerce and Economic Opportunity and Southern Illinois University. The center provides local entrepreneurs with assistance for beginning or expanding their business through services such as free workshops on business planning individual counseling sessions with expert Business Advisors and access financing options.
State officials in Indiana are insisting on employers offering higher compensation and benefits as way to keep child care workers working across the nation and facing a lack of work. The move comes after the closing of a child care facility in Bronzeville where it was difficult to retain staff.
Illinois Department of Labor also launched an online tool designed to inform small-scale businesses about lawful employment practices. Employers can search for keywords or browse categories on the site, and connect to state agencies and resources.
Illinois Business Development Authority (IBDA) is taking steps to promote awareness of Illinois tax incentives to business expansion. They hosted a webinar this week about this topic. The event was recorded. It will then appear on the website.