Exciting Entrepreneurial Opportunities In The Prairie State On The Rise This Year

Illinois Business Developments



Illinois is the most populous market in the Midwest and the home of more than two thousand corporate headquarters, a bustling entrepreneurial scene, and more than 1.2 million small enterprises, has the infrastructure that businesses require to succeed in the modern business. From world-class infrastructure which connects businesses with their suppliers and customers, to a skilled and knowledgeable workforces in various industries as well as an advanced manufacturing base - Illinois leads in many areas such as clean and advanced energy, agribusiness, IT life sciences logistics for transportation.




Illinois has experienced a tremendous increase in increase in foreign investment over the last few years. Countries like Britain, Japan, Germany and China were among those most invested in Illinois In 2023, this amount was over USD $13.2 billion in agriculture, manufacturing and other areas in Illinois all by itself.




Since 2014, more than $1 billion in incentives were distributed under Illinois Reimagining Energy and Vehicles program to companies that provide electric vehicles as well as green energy production. Last month, DCEO also provided PsiQuantum Manufacturing with an incentive package worth more than $200 million for their new modern facility located in East Alton.



Governor JB Pritzker accompanied by representatives of The Chan Zuckerberg Initiative, Chan Zuckerberg Biohub Network and local officials today in Chicago to officially launch CZ Biohub Chicago - a cutting-edge research hub that is at the forefront of cutting-edge scientific studies. The initiative will bring together University of Chicago, Urbana-Champaign State University (UIUC) and Northwestern University researchers to study human tissue development as in developing revolutionary therapeutics.




Governor JB Pritzker and Flender Corporation recently announced they have expanded their production facility located in Elgin that will result in 50 full-time positions while keeping the existing 140 full-time employees.



The Illinois Small Business Development Center 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 offers local entrepreneurs with assistance in creating or expanding their businesses with services that include free workshops on business planning and one-on-one sessions with expert Business Advisors as well as access to financing options.




State leaders in Indiana are pushing employers to offer better compensation and benefits as way to keep child care workers in the country as they face a shortage of job. The decision comes after the closing of a children's care facility in Bronzeville which was struggling to retain employees.




Illinois Department of Labor press release video (hashnode.com) also has launched an online tool to inform small-scale businesses about employment laws. Employers can search by keyword or browse categories on this website; and connect to appropriate state agencies and resources.




Illinois Business Development Authority (IBDA) is taking steps to make people aware of Illinois tax incentives to business expansion. The IBDA hosted an interactive webinar on the subject. It was recorded. The webinar will later be available on their website.