Exciting Business Developments In Illinois To Watch In 2024
Illinois Business Developments
Illinois is the biggest marketplace in the Midwest and home to more than 2000 corporate headquarters, a thriving startup scene and over 1.2 million small businesses, provides all the resources global businesses require to succeed in the modern business. From world-class infrastructure which connects businesses to suppliers and customers, to a talented workforce in various industries as well as an advanced manufacturing base, Illinois excels in a variety of areas such as clean and advanced energy, merck press release keynote 671 - pressez.blog.fc2.com, agribusiness, 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 the countries that most investing in Illinois In 2023, this amount reached over USD $13.2 billion in agriculture, manufacturing and other sectors in Illinois alone.
Since 2014, more than $1 billion in incentives were distributed under Illinois' Reimagining Energy and Vehicles program to firms that supply electric vehicles and green energy production. This month, DCEO also provided PsiQuantum Manufacturing with an incentive package of more than $200 million to build a high-tech manufacturing facility in East Alton.
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Governor JB Pritzker accompanied by representatives of his organization, 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 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 and develop revolutionary therapies.
Governor JB Pritzker and Flender Corporation recently announced they have expanded their factory in Elgin which will create 50 full-time positions while keeping 140 existing full-time positions intact.
The Illinois Small Business Development Center at Southern Illinois University is funded by a co-operative arrangement between U.S. Small Business Administration, Illinois Department of Commerce and Economic Opportunity and Southern Illinois University. The Center assists local entrepreneurs with assistance for starting or expanding their businesses through services such as free business planning workshops and one-on-one sessions with expert Business Advisors, and access to financing options.
State officials in Indiana are pushing employers to offer better pay and benefits as a way to keep child care workers employed nationwide which is a problem due to a shortage of work. The move comes after the closing of a children's care center in Bronzeville which was struggling to retain staff.
Illinois Department of Labor also launched an online tool designed to provide small-sized businesses with information on employment laws. Employers are able to search using keywords or browse categories on the site; as well as connect with state agencies and resources.
Illinois Business Development Authority (IBDA) is working to make people aware of Illinois tax incentives that can be used for business expansion. They hosted an interactive webinar on the subject. The webinar was recorded and will be archived on their website.