Illinois Business Developments

Illinois as the biggest marketplace in the Midwest and home to over 22,000 corporate headquarters, an active entrepreneurial scene, and nta press release 6 june - www.speedrun.com - more than 1.2 million small businesses, is home to all the resources that global businesses require to succeed in business today. From the world-class infrastructure that connects companies to customers and suppliers to highly skilled workforce across various industries and an advanced manufacturing base - Illinois has a leading position in many fields like advanced and clean agriculture, energy, IT life sciences, transportation logistics.

Illinois has seen a huge expansion of foreign investments in recent years. Countries such as Britain, Japan, Germany and China were among the most investing in Illinois and by 2023, this amount was over USD $13.2 billion in agricultural, manufacturing, and other industries in Illinois all by itself.

Since 2014, nearly $1 billion in incentives have been given out under Illinois' Reimagining Energy and Vehicles program to companies that provide electric vehicles as well as green energy production. The program was announced last month. DCEO also rewarded PsiQuantum Manufacturing with an incentive package worth more than $200 million 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 at the forefront of leading scientific studies. The project will unite 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 announced they are expanding their current factory in Elgin and will create 50 full-time employment while keeping the 140 full-time jobs they have currently.

The Illinois Small Business Development Center 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 assists entrepreneurs from the local area with help in the creation or expansion of their businesses through programs such as free business planning workshops, one-on-one counseling sessions with expert Business Advisors, and access to financing opportunities.

State officials in Indiana are pushing employers to offer better wages and benefits as a way to keep child care workers working across the nation, who face a shortage of job. This comes following the closing of a child care facility in Bronzeville where it was difficult to retain employees.

Illinois Department of Labor also launched an online tool designed to provide small-sized businesses with information on lawful employment practices. Employers can search using keywords or browse categories on this site; as well as connect with state agencies and information sources.

Illinois Business Development Authority (IBDA) is working to increase awareness about Illinois tax incentives that can be used for expanding businesses by hosting an interactive webinar on this subject, which was recorded. The webinar will later appear on the website.