Exciting Commercial Opportunities In The Prairie State To Watch In 2024
Illinois Business Developments
Illinois as the biggest marketplace upcoming protests in chicago [independent.academia.edu published an article] the Midwest and home to more than 2,000 corporate headquarters, a bustling startup scene, and over 1.2 million small-scale businesses, offers all the resources that global firms require to flourish in the current business climate. The world's best infrastructure connects companies to suppliers and customers to a skilled workers in various fields and an advanced manufacturing base, Illinois is a leader in many areas like advanced and clean energy, agribusiness, IT life sciences transportation logistics.
Illinois has witnessed a significant expansion of foreign investments in recent years. Countries like Britain, Japan, Germany and China were among those most invested in Illinois in 2023. By that time, the sum was greater than USD $13.2 billion across the agribusiness, manufacturing and manufacturing industries in Illinois alone.
Since 2014, nearly $1 billion worth of incentives have been given out under Illinois Reimagining Energy and Vehicles program to companies that provide electric vehicles as well as clean energy production. In the last month, DCEO also provided PsiQuantum Manufacturing with an incentive package totaling over $200 million for their new modern facility in East Alton.
Governor JB Pritzker was joined by representatives from Chan Zuckerberg Initiative, the Chan Zuckerberg Initiative, Chan Zuckerberg Biohub Network and local officials today in Chicago to officially launch CZ Biohub Chicago - a groundbreaking research hub that is at the forefront in scientific studies. 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 and develop revolutionary therapies.
Governor JB Pritzker and Flender Corporation recently announced they have announced they are expanding their current factory in Elgin which will create 50 full-time jobs while keeping 140 existing full-time positions intact.
The Illinois Small Business Development Center 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 assists local entrepreneurs with assistance in the creation or expansion of their businesses with services that include free workshops on business planning individual counseling sessions with expert Business Advisors, and access to financing options.
State officials in Indiana are insisting on employers offering higher wages and benefits as a way to keep child care workers employed nationwide, who face a shortage of employment. This follows the closing of a children's care center in Bronzeville where it was difficult to retain staff.
Illinois Department of Labor also created an online tool to educate small businesses on the laws governing employment. Employers are able to search using keywords or browse categories on this website, as well as connect to state agencies and sources.
Illinois Business Development Authority (IBDA) is taking action to increase awareness about Illinois tax incentives for expanding businesses by hosting a webinar this week about this topic. The event was recorded and will later appear on the website.