Insights

September 21, 2023

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.

Illinois wins historic new EV battery gigafactory

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.

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.

Illinois in the United Kingdom: How Trade Missions Advance Economic Growth

As Intersect Illinois continues to enhance its efforts to attract international investment, building strong relationships abroad is essential. Governor Pritzker’s recent trade mission to the United Kingdom brought the unique opportunity to strengthen ties between UK leaders and the more than 40 Illinois business and government leaders who took part in the mission.

News Roundup: Three Illinois Investments and Innovations Shaping the Future of Life Sciences

Recent investments build on Illinois’ status as a premier location for life-sciences companies, from legacy leaders to innovative start-ups

Q&A with Manner Polymers on building its future in Illinois

Manner Polymers, a leader in manufacturing polymer compounds, recently announced it will invest $54 million in a new state-of-the-art manufacturing facility in Mt. Vernon, Illinois. The company was drawn by the state’s central location and access to rail, its skilled workforce, and commitment to sustainability.

How University of Illinois is creating a unique location for semiconductor growth

Semiconductor professionals are converging upon SEMICON West this week to focus on key challenges affecting the global microelectronics sector. One of those challenges may be finding a location with like-minded companies and talent, which are crucial to growth in the industry.

Lights, Camera, Action: Illinois Draws Movie Makers with Renewed Incentives

Summer blockbuster season is officially upon us, making it a great time to be a movie lover. In Illinois, it’s also a golden age for movie makers.

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