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Illinois Business Developments

Illinois is the most populous markets in the Midwest and home to more than two thousand corporate headquarters, riverside county coroner press release [https://pressez.substack.com/] an active business scene, and more than 1.2 million small-scale businesses, offers all the resources that global businesses require to succeed in the current business climate. From the world-class infrastructure that connects companies to suppliers and customers to skilled and knowledgeable workforces in various industries and an advanced manufacturing base - Illinois excels in a variety of areas such as clean and advanced energy, agribusiness, IT life sciences logistics for transportation.

Illinois has seen a huge expansion of foreign investments in recent years. Countries like Britain, Japan, Germany and China were among the most investing in Illinois; by 2023 this total was more than USD $13.2 billion across agricultural, manufacturing, and other areas in Illinois all by itself.

In 2014, over $1 billion in incentives have been given out under Illinois Reimagining Energy and Vehicles program to companies that provide electric vehicles as well as green energy production. In the last month, DCEO also rewarded PsiQuantum Manufacturing with an incentive package that was worth over $200 million for their brand new advanced manufacturing facility in East Alton.

Governor JB Pritzker accompanied by representatives of the 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 of cutting-edge scientific studies. This initiative will bring together University of Chicago, Urbana-Champaign State University (UIUC) and Northwestern University researchers to study the human development of tissues as well and develop revolutionary therapies.

Governor JB Pritzker and Flender Corporation recently announced they have expanded their manufacturing facility in Elgin and will create 50 full-time jobs while keeping 140 existing full-time positions intact.

The Illinois Small Business Development Center located at Southern Illinois University is funded by a co-operative agreement among U.S. Small Business Administration, Illinois Department of Commerce and Economic Opportunity and Southern Illinois University. The center provides entrepreneurs in the area with support for the creation or expansion of their businesses through programs such as free business planning workshops One-on-one counseling sessions with experienced Business Advisors as well as access to financing options.

State officials in Indiana are encouraging employers to offer higher wages and benefits as a means of keeping childcare workers working across the nation as they face a shortage of jobs. The decision comes after the closure of a care facility in Bronzeville which was struggling to retain employees.

Illinois Department of Labor also has launched an online tool to help small businesses understand labor laws. Employers can search using keywords or browse categories on this website, as well as connect to appropriate state agencies and other resources.

Illinois Business Development Authority (IBDA) is taking steps to promote awareness of Illinois tax incentives that can be used for business expansion. They hosted an online webinar on the subject. It was recorded. The webinar will later become archived and posted on their site.