New Entrepreneurial Trends In The Prairie State On The Rise Right Now
Illinois Business Developments
Illinois, as the largest markets in the Midwest and home to more than 2,000 corporate headquarters, a thriving startup scene, and over 1.2 million small enterprises, has all of the assets global businesses require to succeed in today's competitive business. The world's best infrastructure connects businesses with their suppliers and customers to a skilled and knowledgeable workforces in various industries and an advanced manufacturing base - Illinois excels in a variety of areas such as clean and advanced agricultural technology, energy, and life sciences logistics for transportation.
Illinois has seen tremendous increase in foreign investment over the last few years. Countries like Britain, Japan, Germany and China were among those most investing in Illinois and by 2023, this amount reached over USD $13.2 billion in the agribusiness, manufacturing and manufacturing sectors in Illinois alone.
In 2014, over $1 billion worth of incentives have been granted under Illinois Reimagining Energy and Vehicles program to firms that supply electric vehicles and renewable energy production. This month, DCEO also provided PsiQuantum Manufacturing with an incentive package worth more than $200 million for their brand new advanced manufacturing facility in East Alton.
Governor JB Pritzker accompanied by representatives of the Chan Zuckerberg Initiative, Chan Zuckerberg Biohub Network and local officials today in Chicago for the launch of 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 human tissue development as in developing revolutionary therapeutics.
Governor JB Pritzker and Flender Corporation recently announced they have announced they are expanding their current factory in Elgin, creating 50 full-time jobs while keeping the existing 140 full-time employees.
The Illinois Small Business Development Center at Southern Illinois University is funded in part through a cooperative arrangement 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 starting or expanding their businesses through services such as free business planning workshops individual counseling sessions with expert Business Advisors and access to funding opportunities.
State officials in Indiana are pushing employers to offer better salaries and benefits as a means of keeping childcare workers employed nationwide, goldman sachs press release (Https://form.jotform.com) who face a shortage of jobs. This comes following the closing of a child care facility located in Bronzeville where it was difficult to retain employees.
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Illinois Department of Labor also has launched an online tool to inform small-scale businesses about labor laws. Employers can search using keywords or browse through categories on this site; as well as connect to state agencies and information sources.
Illinois Business Development Authority (IBDA) is working to make people aware of Illinois' tax incentives for business expansion. The IBDA hosted an online webinar on the subject. The webinar was recorded and will appear on the website.