Exciting Commercial Trends In Illinois Making Waves Right Now
Illinois Business Developments
Illinois is the most populous market of the Midwest and home to more than 2000 corporate headquarters, a thriving business scene, and more than 1.2 million small businesses, provides all of the assets global firms require to flourish in today's competitive business. From the world-class infrastructure that connects companies to suppliers and customers to a skilled workforce across various industries as well as an advanced manufacturing base, Illinois is a leader in many areas such as advanced and clean agriculture, energy, IT life sciences transportation logistics.
Illinois has seen tremendous international investment growth in recent years. Countries such as Britain, Japan, Germany and China were among those most invested in Illinois and by 2023, this total was more than USD $13.2 billion across agricultural, manufacturing, and other areas in Illinois all by itself.
In 2014, over $1 billion in incentives has been awarded under Illinois Reimagining Energy and Vehicles program to businesses that offer electric vehicles and clean energy production. The program was announced last month. DCEO also rewarded PsiQuantum Manufacturing with an incentive package of more than $200 million for their brand new modern facility in East Alton.
Governor JB Pritzker joined representatives from 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 that is at the forefront of cutting-edge scientific research. This 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 have announced they are expanding their current plant for manufacturing in Elgin that will result in 50 full-time employment while keeping 140 existing full-time positions intact.
The Illinois Small Business Development Center located at Southern Illinois University is funded by a co-operative 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 beginning or 3shape press release (pressez.blog.fc2.com) expanding their business through programs such as free business planning workshops and one-on-one sessions with expert Business Advisors and access financing options.
State leaders in Indiana are encouraging employers to offer higher compensation and benefits as means of keeping childcare workers employed nationwide and facing a lack of jobs. This follows the closure 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 inform small-scale businesses about employment laws. Employers can search by keyword or browse categories on this site, and connect to state agencies and resources.
Illinois Business Development Authority (IBDA) is taking steps to promote awareness of Illinois' tax incentives for expanding businesses by hosting a webinar this week on the subject. It was recorded and will be available on their website.
