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Illinois Business Developments

Illinois as the biggest market in the Midwest and the home of more than 2,000 corporate headquarters, a thriving startup scene and over 1.2 million small businesses, provides all the resources global businesses need to be successful in today's competitive business. The world's best infrastructure connects companies to suppliers and customers to skilled and vz press release (start.me) knowledgeable workforces in various industries and a thriving manufacturing base - Illinois excels in a variety of areas including advanced and sustainable energy, agribusiness, IT life sciences transportation logistics.

Illinois has seen tremendous expansion of foreign investments in recent years. Countries such as Britain, Japan, Germany and China were among those most invested in Illinois In 2023, this sum was greater than USD $13.2 billion across manufacturing, agribusiness and other areas in Illinois all by itself.

Since 2014, over $1 billion in incentives has been distributed under Illinois Reimagining Energy and Vehicles program to companies that provide electric vehicles as well as renewable energy production. This month, DCEO also rewarded PsiQuantum Manufacturing with an incentive package that was worth over 200 million dollars for their new modern manufacturing facility located in East Alton.

Governor JB Pritzker joined representatives from The Chan Zuckerberg Initiative, Chan Zuckerberg Biohub Network and local officials today in Chicago to launch CZ Biohub Chicago - a revolutionary research hub located that is at the forefront of cutting-edge scientific studies. This project will bring together University of Chicago, Urbana-Champaign State University (UIUC) and Northwestern University researchers to study human tissue development as and develop revolutionary therapies.

Governor JB Pritzker and Flender Corporation recently announced they are expanding their current factory in Elgin, creating 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 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 entrepreneurs in the area with support for beginning or expanding their business with services that include free business planning workshops individual counseling sessions with expert Business Advisors and access financing options.

State officials in Indiana are encouraging employers to offer higher salaries and benefits as a way of keeping child care workers working across the nation and facing a lack of work. This follows the closing of a children's care facility located in Bronzeville that struggled to keep its staff.

Illinois Department of Labor also launched an online tool designed to educate small businesses on the laws governing employment. Employers are able to search using keywords or browse through categories on this website, as well as connect with state agencies and resources.

Illinois Business Development Authority (IBDA) is taking action to raise awareness of Illinois tax incentives that can be used for business expansion by hosting an interactive webinar on the subject. The webinar was recorded. It will then become archived and posted on their site.