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Illinois Business Developments
Illinois is the biggest market in the Midwest and home to more than two thousand corporate headquarters, a thriving startup scene, and over 1.2 million small businesses, provides the infrastructure that businesses need to be successful in business today. From the world-class infrastructure that connects businesses to customers and suppliers to highly skilled and knowledgeable workforces in various industries as well as a modern manufacturing base, Illinois is a leader in many areas such as advanced and clean technology, agriculture, energy, life sciences and transportation logistics.
Illinois has seen a huge foreign investment growth over recent years. Countries like Britain, Japan, Germany and China were among those most invested in Illinois and by 2023, this amount reached over USD $13.2 billion across agriculture, manufacturing and other areas in Illinois all by itself.
In 2014, over $1 billion in incentives has been awarded under Illinois Reimagining Energy and Vehicles program to firms that supply electric vehicles and clean energy production. In the last month, DCEO also rewarded PsiQuantum Manufacturing with an incentive package totaling over $200 million to build a high-tech manufacturing facility located in East Alton.
Governor JB Pritzker was joined by representatives from the Chan Zuckerberg Initiative, Chan Zuckerberg Biohub Network and local officials today in Chicago to inaugurate CZ Biohub Chicago - a revolutionary research hub located at the forefront of leading research. This project 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 current manufacturing facility in Elgin that will result in 50 full-time jobs while keeping 140 existing full-time positions intact.
The Illinois Small Business Development Center at Southern illinois bench press contest - visit the following internet page, 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 provides local entrepreneurs with assistance for starting or expanding their businesses through services such as free business planning workshops One-on-one counseling sessions with experienced Business Advisors as well as access to financing options.
State leaders in Indiana are encouraging employers to offer higher pay and benefits as a way to keep child care workers working across the nation and facing a lack of jobs. This comes following the closing of a child care facility located in Bronzeville which was struggling to retain staff.
Illinois Department of Labor also introduced an online tool to inform small-scale businesses about labor laws. Employers can search using keywords or browse categories on the site; as well as connect to state agencies and resources.
Illinois Business Development Authority (IBDA) has taken steps to promote awareness of Illinois tax incentives to expanding businesses by hosting a webinar this week on the subject. It was recorded and will later be available on their website.
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