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Blog entry by Karen Burt

Illinois Business Developments

Illinois is the most populous markets in the Midwest and home to more than 22,000 corporate headquarters, an active startup scene and over 1.2 million small businesses, is home to all of the assets global firms require to flourish in business today. From world-class infrastructure which connects businesses with their suppliers and customers how To cite a press release chicago (https://pressez.blog.fc2.com) a 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 seen a huge increase in foreign investment over the last few years. Countries like 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 manufacturing, agribusiness and other areas in Illinois alone.

In 2014, over $1 billion in incentives were awarded under Illinois Reimagining Energy and Vehicles program to companies that provide electric vehicles as well as clean energy production. The program was announced last month. DCEO also provided PsiQuantum Manufacturing with an incentive package worth more than $200 million for their brand new state-of-the-art 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 innovative research hub that is at the forefront of leading scientific studies. This project will bring together University of Chicago, Urbana-Champaign State University (UIUC) and Northwestern University researchers to study human tissue development as and develop revolutionary therapies.

Governor JB Pritzker and Flender Corporation recently announced they have announced they are expanding their current production facility located in Elgin which will create 50 full-time positions while keeping 140 existing full-time positions intact.

The Illinois Small Business Development Center located at Southern Illinois University is funded through a collaborative agreement among U.S. Small Business Administration, Illinois Department of Commerce and Economic Opportunity and Southern Illinois University. The center provides 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 experienced Business Advisors and access financing opportunities.

State officials in Indiana are encouraging employers to offer higher salaries and benefits as a way of keeping child care workers employed nationwide which is a problem due to a shortage of employment. The move comes after the closure of a care facility in Bronzeville that struggled to keep its employees.

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Illinois Department of Labor also created an online tool to educate small businesses on labor laws. Employers can search by keyword or browse categories on this site, and connect with state agencies and resources.

Illinois Business Development Authority (IBDA) is taking action to raise awareness of Illinois' tax incentives for business expansion. The IBDA hosted a webinar this week on the subject. It was recorded. The webinar will later become archived and posted on their site.