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Illinois Business Developments

Illinois as the biggest market in the Midwest and home to more than two thousand corporate headquarters, an active startup scene, and over 1.2 million small businesses, provides the infrastructure that firms require to flourish in today's competitive business. The world's best infrastructure connects businesses to suppliers and customers, to a skilled workers in various fields and an advanced manufacturing base - Illinois leads in many areas like advanced and clean technology, 135 press release (https://independent.academia.edu/Pressez) agriculture, energy, life sciences logistics for transportation.

Illinois has seen a huge international investment growth in recent years. Countries like Britain, Japan, Germany and China were among those most investing in Illinois In 2023, this sum was greater than USD $13.2 billion across the agribusiness, manufacturing and manufacturing areas in Illinois all by itself.

In 2014, over $1 billion worth of incentives have been awarded under Illinois' Reimagining Energy and Vehicles program to companies providing electric vehicles and renewable energy production. Last month, DCEO also rewarded PsiQuantum Manufacturing with an incentive package of more than $200 million to build a advanced facility in East Alton.

Governor JB Pritzker was present along with representatives from Chan Zuckerberg Initiative, the Chan Zuckerberg Initiative, Chan Zuckerberg Biohub Network and local officials today in Chicago to officially launch CZ Biohub Chicago - a revolutionary research hub located in the forefront of scientific research. This project will bring together University of Chicago, Urbana-Champaign State University (UIUC) and Northwestern University researchers to study the human development of tissues as well to develop innovative therapeutics.

Governor JB Pritzker and Flender Corporation recently announced they are expanding their existing factory in Elgin and will create 50 full-time employment while keeping the existing 140 full-time employees.

The Illinois Small Business Development Center at Southern Illinois University is funded in part through a cooperative agreement among 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 the creation or expansion of 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 officials in Indiana are informing employers to provide higher wages and benefits as a means of keeping childcare workers employed nationwide which is a problem due to a shortage of work. This follows the closing of a children's care center located in Bronzeville which struggled to retain staff.

Illinois Department of Labor also introduced an online tool to inform small-scale businesses about employment laws. Employers can search by keyword or browse categories on this site; as well as connect with state agencies and other resources.

Illinois Business Development Authority (IBDA) is taking steps to promote awareness of Illinois tax incentives to business expansion. They hosted the IBDA's webinar this week on this subject, which was recorded and will later appear on the website.