Illinois Business Developments

illinois news gazette; pressez.substack.com, is the biggest market of the Midwest and home to more than 22,000 corporate headquarters, an active startup scene and over 1.2 million small-scale businesses, offers the infrastructure that companies require to thrive in today's competitive business. From world-class infrastructure which connects companies with suppliers and customers to a skilled workers in various fields and a thriving manufacturing base - Illinois leads in many areas like advanced and clean energy, agribusiness, IT life sciences transportation logistics.

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

In 2014, over $1 billion worth of incentives have been distributed under Illinois' Reimagining Energy and Vehicles program to businesses that offer electric vehicles and renewable energy production. Last month, DCEO also awarded PsiQuantum Manufacturing with an incentive package that was worth over $200 million for their new state-of-the-art manufacturing facility located in East Alton.

Governor JB Pritzker was present along with 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 that is at the forefront of cutting-edge scientific studies. The project will unite University of Chicago, Urbana-Champaign State University (UIUC) and Northwestern University researchers to study the development of human tissues as well as develop groundbreaking therapeutics.

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

The Illinois Small Business Development Center located at Southern Illinois University is funded through a collaboraKitFormBoundaryK7ojpg4m2stsuhtt
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