Exciting Entrepreneurial Opportunities In Illinois To Watch Right Now

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Illinois Business Developments



Illinois as the biggest marketplace in the Midwest and the home of more than 2000 corporate headquarters, a vibrant startup scene, and over 1.2 million small businesses, provides the infrastructure that firms require to flourish in the current business climate. From world-class infrastructure which connects businesses to suppliers and customers to a talented workforce in various industries as well as a modern manufacturing base - Illinois is a leader in many areas including advanced and sustainable energy, agribusiness, IT life sciences logistics for transportation.




illinois media literacy bill (Start.me) has seen a huge foreign investment growth over recent years. Countries such as Britain, Japan, Germany and China were among the top countries investing in Illinois; by 2023 this amount was over USD $13.2 billion across agricultural, manufacturing, and other industries in Illinois alone.




In 2014, over $1 billion in incentives have been distributed under Illinois' Reimagining Energy and Vehicles program to companies that provide electric vehicles as well as renewable energy production. The program was announced last month. DCEO also rewarded PsiQuantum Manufacturing with an incentive package worth more than $200 million for their new high-tech manufacturing facility located in East Alton.




Governor JB Pritzker joined representatives from The Chan Zuckerberg Initiative, Chan Zuckerberg Biohub Network and local officials today in Chicago to officially launch CZ Biohub Chicago - a groundbreaking research hub that is at the forefront in scientific studies. The project will unite University of Chicago, Urbana-Champaign State University (UIUC) and Northwestern University researchers to study the human development of tissues as well to develop innovative therapeutics.




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




The Illinois Small Business Development Center located at Southern Illinois University is funded by a co-operative agreement between U.S. Small Business Administration, Illinois Department of Commerce and Economic Opportunity and Southern Illinois University. The center provides local entrepreneurs with assistance in starting or expanding their businesses by offering services like free workshops on business planning individual counseling sessions with expert Business Advisors as well as access to financing opportunities.




State leaders in Indiana are insisting on employers offering higher compensation and benefits as way of keeping child care employees in the United States and facing a lack of work. The decision comes after the closure of a child care center in Bronzeville which struggled to retain employees.




Illinois Department of Labor also created an online tool to educate small businesses on labor laws. Employers can search for keywords or browse categories on this site; as well as connect to the appropriate state agencies and information sources.




Illinois Business Development Authority (IBDA) has taken steps to increase awareness about Illinois tax incentives for business expansion by hosting a webinar this week on the subject. It was recorded and will later be available on their website.