Difference between revisions of "Exciting Business Opportunities In Illinois To Watch In 2024"
(Created page with "https://pressez.substack.com - [https://pressez.substack.com/about https://pressez.substack.com/about]. <br>Illinois Business Developments<br><br><br><br>Illinois is the bigge...") |
(No difference)
|
Latest revision as of 11:24, 22 May 2025
https://pressez.substack.com - https://pressez.substack.com/about.
Illinois Business Developments
Illinois is the biggest market of the Midwest and home to over 22,000 corporate headquarters, a bustling startup scene and over 1.2 million small businesses, is home to all the resources global firms require to flourish in today's competitive business. The world's best infrastructure connects companies to customers and suppliers to highly skilled and knowledgeable workforces in various industries and a thriving manufacturing base - Illinois leads in many areas like advanced and clean agricultural technology, energy, and life sciences, transportation logistics.
Illinois has experienced a tremendous increase in foreign investment growth over recent years. Countries such as Britain, Japan, Germany and China were among the countries that most investing in Illinois and by 2023, this total was more than USD $13.2 billion in agriculture, manufacturing and other industries in Illinois all by itself.
procurel.com
In 2014, over $1 billion in incentives were given out under Illinois Reimagining Energy and Vehicles program to businesses that offer electric vehicles and green energy production. Last month, DCEO also granted PsiQuantum Manufacturing with an incentive package worth more than $200 million for their new advanced facility located in East Alton.
Governor JB Pritzker was present along with representatives from The Chan Zuckerberg Initiative, Chan Zuckerberg Biohub Network and local officials today in Chicago for the launch of CZ Biohub Chicago - a innovative research hub that is that is at the forefront in 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 in developing revolutionary therapeutics.
Governor JB Pritzker and Flender Corporation recently announced they have announced they are expanding their current manufacturing facility 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 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 beginning or expanding their business through programs such as free workshops on business planning, one-on-one counseling sessions with expert Business Advisors and access financing options.
State leaders in Indiana are encouraging employers to offer higher pay and benefits as a means of keeping childcare workers working across the nation which is a problem due to a shortage of job. The move comes after the closure of a child care facility located in Bronzeville which struggled to retain staff.
Illinois Department of Labor also has launched an online tool to provide small-sized businesses with information on lawful employment practices. Employers are able to search using keywords or browse categories on the site, and connect to the appropriate state agencies and sources.
Illinois Business Development Authority (IBDA) is taking action to promote awareness of Illinois tax incentives for business expansion. They hosted an online webinar on the subject. It was recorded and will be archived on their website.