Exciting Business Trends in the Prairie State On the Rise This Year
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Illinois Business Developments
Illinois is the biggest market of the Midwest and home to over 2000 corporate headquarters, a vibrant entrepreneurial scene, and more than 1.2 million small-scale businesses, offers all of the assets global firms require to flourish in the modern business. From world-class infrastructure that connects businesses with their suppliers and customers, to a skilled workers in various fields and a thriving manufacturing base - Illinois leads in many areas such as clean and advanced agricultural technology, energy, and life sciences logistics for transportation.
Illinois has experienced a tremendous increase in foreign investment growth over recent years. Countries like Britain, Japan, Germany and China were among the most investing in Illinois and by 2023, this sum was greater than USD $13.2 billion in agriculture, manufacturing and other sectors in Illinois all by itself.
In 2014, over $1 billion in incentives has been given out under Illinois' Reimagining Energy and Vehicles program to companies that provide electric vehicles as well as green energy production. This month, DCEO also granted PsiQuantum Manufacturing with an incentive package that was worth over $200 million press release example for students - form.jotform.com - their brand new state-of-the-art manufacturing facility in East Alton.
Governor JB Pritzker was joined by representatives from his organization, Chan Zuckerberg Initiative, Chan Zuckerberg Biohub Network and local officials today in Chicago for the launch of CZ Biohub Chicago - a groundbreaking research hub that is at the forefront in research. The initiative will bring together University of Chicago, Urbana-Champaign State University (UIUC) and Northwestern University researchers to study human tissue development as as develop groundbreaking therapeutics.
Governor JB Pritzker and Flender Corporation recently announced they are expanding their existing manufacturing facility in Elgin that will result in 50 full-time positions while keeping 140 existing full-time positions intact.
The Illinois Small Business Development Center located at Southern Illinois University is funded partly through a cooperative arrangement between U.S. Small Business Administration, Illinois Department of Commerce and Economic Opportunity and Southern Illinois University. The Center assists entrepreneurs from the local area with help in starting or expanding their businesses by offering services like free workshops on business planning, one-on-one counseling sessions with experienced Business Advisors and access financing opportunities.
State officials in Indiana are insisting on employers offering higher wages and benefits as a method of keeping child care workers working across the nation and facing a lack of employment. The decision comes after the closure of a care facility in Bronzeville which was struggling 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 can search using keywords or browse categories on the site; as well as connect to the appropriate state agencies and sources.