Lion Electric: A trailblazer in Illinois manufacturing
The future of transport is electric. That’s true not only for commuter cars and trucks, but for vehicles like school buses, too. And that electric future is being built right here in Illinois. Lion Electric’s new 900,000 sq-ft manufacturing facility is the largest of its kind in the U.S. Their all-electric buses and trucks will bring clean air and a sustainable economy to communities across the nation. Watch Lion Electric’s video to learn more about this innovative facility and how Illinois’ mix of skilled workers, robust infrastructure, and a compelling vision for the future is putting the state at the forefront of the electric revolution.
Illinois rises to #2 state for corporate expansion projects
Whether it’s electric vehicles or energy bars, chocolate treats or commercial roofing, businesses are expanding and thriving in Illinois: the state ranks second in the nation for corporate expansion and relocation projects, climbing one spot from last year, according to Site Selection magazine.
New Economic Development Incentives Poised to Bring Jobs and Investment to Illinois
Illinois recently passed major new economic development legislation that is set to boost the state’s economic competitiveness. The incentives, signed into law by Governor JB Pritzker February 3, provide stronger financial assistance for businesses to relocate to or expand in the state, and makes it easier for them to qualify for existing programs, particularly in key industries such as electric vehicles, sustainable energy, and microchips. Here are six key takeaways from the legislation.
Illinois job market booms: Jobs increase in all 14 metro areas
The Illinois economy is showing continued strength as the new data reveals that jobs increased year-over-year in all of the state’s 14 metropolitan areas in December. Furthermore, the unemployment rate decreased in 13 of those areas, indicating steady and consistent job growth throughout the state, according to the data from the U.S. Bureau of Labor Statistics (BLS) and the Illinois Department of Employment Security (IDES).
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