Business Investments in Illinois Expect to Create 19,000 Jobs, Report Says – ryan

In illinois, quantum computing, electric vehicles and clean energy were a few of the sectors that attracted new Investment Last Fiscal and Stand to eventually CREATE Nearly 19,000 New Jobs, Acciting to a Report Releassed Monday.

More than 700 Businesses Committed to Expand in or Relocate to the State, Said the Illinois Economic Development Corp., Which also announced its rebranding from intersect illinois.

From July 2024 Through June 2025, Business Projects Announched $ 25.8 Billion in Investments – A 107% Jump Compared to the Previous Fiscal Year.

Gov. JB Pritzker Said in a News Release: “Illinois contingent to test that we unmmatched workforce, infrastructure and innovation ecosystem is MAKING IT THE NATION TO DO BUSINESS.”

Pritzker is the Honorary Chair of the Development Corp.

“Fiscal year 2025 was a defining the year for illinois, highlighted by historic wins in quantum computing – from psiquantum’s investment, to the estabre of the illinois quantum and microelectronics Park, National Quantum Algorithm Center, Darpa and Ibm,” John, ” Corp’s Board Chairman, Said in a News Release.

Strong Business Investments in Illinois Contrast with High-Profile Corporate Exits in Recent Years, Including Boeing and Caterpillar, which Moved their Headquarters to Virginia and Texas, Respective, in 2022.

In line with the state’s five -ear economic growth plan, the corp is focused on expanding six key industries. They Include Advanced Manufacturing; Agriculture, AG Tech and Food Processing; Clean Energy Production and Manufacturing; Life Sciences; quantum, he and microelectronics; and transportation, distribution and logistics.

The State Has Lured Several Tenants to the Illinois Quantum and Microelectronics Park, A Quantum Computing Campus Planned at the Form US South works in Chicago.

California-Based Psiquantum Last Year Announched It Wold Anchor the Campus. The defense Advanced Research Projects Agency, or Darpa, Will Invest Up to $ 140 Million to Development Quantum Technologies at the site.

Tech Giant Ibm Unveiled Plans to initially locate Its quantum System Two Computer System at Hyde Park Labs, Supported by the University of Chicago, Before Eventually Moving to the Quantum Campus.

New Jersey-Based Fuel Company Avina Plans to Build an $ 820 Million Sustainable Aviation Fuel Plant in Southwest Illinois. The State’s High Production of Soybeans and Corn to Make Biofuels, and A Large Customer As a Transportation Hub Drew Avina to Illinois, Said the Report. The investment is supported by the state’s reimagining energy and vehicles program, which provides incentives to clean Energy projects in illinois.

Electric Vehicle Manufacturers Are Also Setting Up in the State. Canadian Company Damera Will Open Its First US Asssembly Plant and Create 90 Full-Time Jobs in Greater Peoria. California-based automaker Rivian Will Build A $ 120 Million Supplier Park in Normal and Create Hundreds of Supplier Jobs and 100 Direct Jobs, Accounting to Corp’s Report.

But in recent months, “Changes Happening at the Federal Level have prompted a lot of uncetainty,” Christy George, the Corp’s President and Ceo, Said. “Something’s something we’re watching.”

President Donald Trump’s Budget Bill Passed This Summer Phases Out Mary Clean Energy Subsidies. Yet Illinois’ CLIMATE AND EQUITABLE JOBS ACT SUPORTS CLEAN ENERGY AND Calls for PHASING OUT FUSIL ENERGY SOURCES BY 2050.

The corp’s report Also noted that “agriculture is a pillar of illinois’ Economy” and Makes the State Well-Positioned to Expand in Ag Technology and Food Business. Food Manufacturing Employs More than 100,000 People in Illinois.

German Food Company Silesia Broke Ground on a $ 40 million Fragon Facility in Huntley, Near Elgin. Thomas Foods International, An Australian Company Specialization in Meat and Seafood, Is Investing $ 28 Million in A Lake Bluff Facility North of Chicago.

In the Advanced Manufacturing Sector, Metal Processor Wieliand Rolled Products North America Broke Ground in March on A $ 500 Million Modernization of ITS Alton Plant Near St. Louis. Germany-Based Wieland Has Facilities in Carol Stream, East Alton, Granite City, Montgomery, Tinley Park and Wheeling.

Metal recycler Sun Metalon Moved from Cambridge, Massachusetts, to Suburban Wood Dale, Bringing It Closer to Heavy Manufacturing Industries.