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Illinois Business Developments

Illinois, as the largest market of the Midwest and the home of more than 2,000 corporate headquarters, a bustling startup scene and over 1.2 million small businesses, is home to the infrastructure that businesses require to succeed in the current business climate. From the world-class infrastructure that connects businesses to suppliers and customers to skilled and knowledgeable workforces in various industries and an advanced manufacturing base, Illinois is a leader in many areas including advanced and sustainable energy, agribusiness, IT life sciences and transportation logistics.

Illinois has seen tremendous foreign investment growth over recent years. Countries such as Britain, Japan, Germany and China were among those most invested in Illinois in 2023. By that time, the amount reached over USD $13.2 billion across manufacturing, agribusiness and other sectors in Illinois all by itself.

In 2014, over $1 billion worth of incentives have been given out under Illinois Reimagining Energy and Vehicles program how to press charges for false dcfs report illinois (https://start.me/) businesses that offer electric vehicles and clean energy production. The program was announced last month. DCEO also awarded PsiQuantum Manufacturing with an incentive package totaling over 200 million dollars for their new high-tech manufacturing facility located 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 cutting-edge research hub that is at the forefront of cutting-edge scientific research. This project will bring together University of Chicago, Urbana-Champaign State University (UIUC) and Northwestern University researchers to study human tissue development as well to develop innovative therapeutics.

Governor JB Pritzker and Flender Corporation recently announced they have announced they are expanding their current manufacturing facility in Elgin and will create 50 full-time jobs while keeping the 140 full-time positions they currently have.

The Illinois Small Business Development Center at Southern Illinois University is funded through a collaborative arrangement between U.S. Small Business Administration, Illinois Department of Commerce and Economic Opportunity and Southern Illinois University. The Center provides entrepreneurs from the local area with help in the creation or expansion of their businesses by offering services like free business planning workshops individual counseling sessions with expert Business Advisors and access to funding opportunities.

State leaders in Indiana are informing employers to provide higher pay and benefits as a method of keeping child care workers employed nationwide, who face a shortage of jobs. The move comes after the closing of a child care center in Bronzeville which struggled to retain staff.

Illinois Department of Labor also launched an online tool designed to help small businesses understand employment laws. Employers can search for keywords or browse categories on this website, as well as connect with state agencies and resources.

Illinois Business Development Authority (IBDA) is working to promote awareness of Illinois' tax incentives for business expansion. They hosted an online webinar on the subject. It was recorded. It will then appear on the website.