Emerging Entrepreneurial Developments in Illinois Making Waves Right N…
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Illinois Business Developments
Illinois is the most populous market of the Midwest and home to more than 2000 corporate headquarters, a bustling startup scene and over 1.2 million small businesses, provides all the resources global businesses require to succeed in the modern business. The world's best infrastructure connects companies with customers and suppliers to highly skilled workforce across various industries as well as an advanced manufacturing base - Illinois has a leading position in many fields such as clean and advanced technology, agriculture, energy, life sciences, transportation logistics.
Illinois has seen a huge expansion of foreign investments in recent years. Countries such as Britain, press release rules (diigo.com) Japan, Germany and China were among those most invested in Illinois; by 2023 this total was more than USD $13.2 billion across the agribusiness, manufacturing and manufacturing sectors in Illinois alone.
Since 2014, more than $1
Governor JB Pritzker was present along with representatives from the Chan Zuckerberg Initiative, Chan Zuckerberg Biohub Network and local officials today in Chicago to officially launch CZ Biohub Chicago - a innovative research hub that is 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 well in developing revolutionary therapeutics.
Governor JB Pritzker and Flender Corporation recently announced they have expanded their production facility located in Elgin that will result in 50 full-time employees while maintaining the existing 140 full-time employees.
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 local entrepreneurs with assistance for starting or expanding their businesses by offering services like free workshops on business planning and one-on-one sessions with expert Business Advisors and access financing options.
State leaders in Indiana are informing employers to provide higher wages and benefits as a way to keep child care workers working across the nation, who face a shortage of work. This follows the closing of a child care facility located in Bronzeville where it was difficult to retain staff.
Illinois Department of Labor also has launched an online tool to educate small businesses on labor laws. Employers are able to search using keywords or browse through categories on this website; and connect with state agencies and other resources.
Illinois Business Development Authority (IBDA) is taking action to promote awareness of Illinois tax incentives for business expansion by hosting the IBDA's webinar this week on this subject, which was recorded. The webinar will later appear on the website.