New Entrepreneurial Trends In The Prairie State To Watch In 2024
Illinois Business Developments
Illinois is the biggest marketplace in the Midwest and home to over 2,000 corporate headquarters, a bustling startup scene and over 1.2 million small businesses, is home to all the resources global businesses need to be successful in business today. From world-class infrastructure that connects businesses to suppliers and customers, tata motors Press release (https://www.speedrun.com/user/Pressez) to a skilled and knowledgeable workforces in various industries as well as an advanced manufacturing base - Illinois excels in a variety of areas such as clean and advanced agricultural technology, energy, and life sciences logistics for transportation.
Illinois has seen tremendous international investment growth in recent years. Countries like Britain, Japan, Germany and China were among those most invested in Illinois and by 2023, this amount was over USD $13.2 billion in the agribusiness, manufacturing and manufacturing industries in Illinois all by itself.
In 2014, over $1 billion in incentives have been awarded under Illinois' Reimagining Energy and Vehicles program to companies that provide electric vehicles as well as green energy production. Last month, DCEO also granted PsiQuantum Manufacturing with an incentive package of more than $200 million for their new modern manufacturing facility in East Alton.
Governor JB Pritzker joined representatives from The Chan Zuckerberg Initiative, Chan Zuckerberg Biohub Network and local officials today in Chicago to launch CZ Biohub Chicago - a revolutionary research hub located at the forefront of leading research. The initiative will bring together University of Chicago, Urbana-Champaign State University (UIUC) and Northwestern University researchers to study human tissue development as well as develop groundbreaking therapeutics.
Governor JB Pritzker and Flender Corporation recently announced they are expanding their existing plant for manufacturing in Elgin which will create 50 full-time jobs while keeping the 140 full-time jobs they have currently.
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 local entrepreneurs with assistance in the creation or expansion of their businesses through programs such as free workshops on business planning individual counseling sessions with expert Business Advisors and access financing opportunities.
State officials in Indiana are pushing employers to offer better salaries and benefits as a means of keeping childcare workers employed nationwide as they face a shortage of jobs. This follows the closure of a child care center in Bronzeville which was struggling to retain staff.
Illinois Department of Labor also created an online tool to help small businesses understand lawful employment practices. Employers can search using keywords or browse categories on this site, and connect to state agencies and other resources.
Illinois Business Development Authority (IBDA) is working to make people aware of Illinois tax incentives for business expansion. The IBDA hosted an online webinar on the subject. It was recorded and will become archived and posted on their site.