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Illinois Business Developments
Illinois, as the largest markets in the Midwest and home to over two thousand corporate headquarters, an active startup scene and over 1.2 million small businesses, provides all the resources global firms require to flourish in the modern business. The world's best infrastructure connects companies with suppliers and customers to talented workforce in various industries and an advanced manufacturing base - Illinois is a leader in many areas such as advanced and press release ofac (www.speedrun.com) clean technology, agriculture, energy, life sciences logistics for transportation.
Illinois has experienced a tremendous increase in expansion of foreign investments in recent years. Countries such as Britain, Japan, Germany and China were among the most invested in Illinois and by 2023, this total was more than USD $13.2 billion in agriculture, manufacturing and other areas in Illinois alone.
Since 2014, nearly $1 billion in incentives were given out under Illinois' Reimagining Energy and Vehicles program to firms that supply electric vehicles and renewable energy production. The program was announced last month. DCEO also granted PsiQuantum Manufacturing with an incentive package of more than $200 million for their brand new advanced 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 officially launch CZ Biohub Chicago - a groundbreaking research hub at the forefront of leading scientific research. The project will unite 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 that will result in 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 agreement among U.S. Small Business Administration, Illinois Department of Commerce and Economic Opportunity and Southern Illinois University. The center provides local entrepreneurs with assistance in creating or expanding their businesses through programs such as free workshops on business planning One-on-one counseling sessions with experienced Business Advisors and access funding opportunities.
State leaders in Indiana are insisting on employers offering higher salaries and benefits as a means of keeping childcare workers employed nationwide, who face a shortage of job. The move comes after the closing of a child care facility located in Bronzeville where it was difficult to retain staff.
Illinois Department of Labor also launched an online tool designed to provide small-sized businesses with information on lawful employment practices. Employers are able to search using keywords or browse categories on this website, as well as connect to the appropriate state agencies and other resources.
Illinois Business Development Authority (IBDA) is working to make people aware of Illinois tax incentives that can be used for expanding businesses by hosting the IBDA's webinar this week on the subject. The webinar was recorded. The webinar will later be available on their website.
