September 11, 2023

Latest Investment Guide Shows Why More Companies Are Choosing to Be in Illinois

A thriving economy worth $1 trillion. Unparalleled fiscal progress with eight credit upgrades in two years. More state incentives than ever before. There’s no better place to grow your business than Illinois, and Conway Global’s 2023-24 Illinois Investment Guide gives a detailed look at how the state’s central location, clean energy, highly skilled workforce and world-class infrastructure are attracting more businesses than ever. Here are just a few of the insightful articles you’ll find:

  • A look at how business and government leaders across Illinois collaborate to spark innovation and growth
  • Key facts and figures about Illinois
  • A “road trip” across the state highlighting recent expansions in different areas
  • Why foreign direct investment in Illinois is rising as investors across the globe turn their eye to the state
  • How an increase in site development is inviting opportunities on a whole new scale
  • Testimonials from business leaders about why Illinois was the right place for their companies’ growth
  • Profiles on sectors including electric vehicles, advanced manufacturing, transportation and logistics, life sciences, agribusiness and more


To get a fuller picture of everything Illinois has to offer, read the guide on Conway’s site or view the PDF here.


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Illinois wins historic new EV battery gigafactory

Gotion, a leading battery maker for electric vehicles, recently announced it has chosen Illinois for its state-of-the-art $2 billion plant, creating 2,600 jobs and bolstering the state’s standing as a leading EV manufacturing hub. Slated to start production in 2024, the new factory in Manteno will make 10 GWh of lithium-ion battery packs and 40 GWh of lithium-ion battery cells. Gotion’s decision to locate in Illinois was driven by the state’s robust infrastructure, skilled workforce, business friendliness and compelling incentives.

Charging Ahead: Three Illinois Projects Powering the Future of EVs

Prysmian Cable, TCCI and Lion Electric expand operations in Illinois with historic facilities focused on electric vehicle innovation and utilizing the Reimagining Energy and Vehicles in Illinois Act (REV Illinois Act), the state’s new incentives program to bolster Illinois manufacturing in the clean jobs economy by attracting companies in the electric vehicle and renewable energy sectors.

Acing the Test: Illinois Earns Positive Grades in 2023 Best States for Business Report

Moving up in overall rankings, Illinois boasts top marks in Education, Infrastructure and Cost of Living.

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