Illinois Technology Incentives

At the forefront of current Illinois technology trends are incentives and initiatives regarding semiconductors and electric vehicles.

Illinois Semiconductor FAQs

The goal is to attract semiconductor manufacturing and research to Illinois, positioning the state as a leader in the semiconductor industry. Source


The CHIPS and Science Act, signed by President Biden, aims to strengthen the U.S.'s domestic manufacturing and supply chains. Gov. J.B. Pritzker mentioned that this legislation will benefit Illinois manufacturers who use semiconductors in their products, as it will make it easier to obtain the necessary chips. Source


The act will boost America's ability to compete, especially against countries like China, in semiconductor chip production. It will also support the construction of new plants and facilities for increased chip production. Source


Illinois, particularly through efforts by Gov. J.B. Pritzker and former Chicago Mayor Rahm Emanuel, is consistently bringing attention and funds to support the experimental field of quantum computing. This includes potential applications like faster vaccine development and unhackable computers. Source


Gov. J.B. Pritzker believes that Illinois has the potential to become "the Silicon Valley of quantum development." The state is investing in quantum research, with the University of Chicago leading several initiatives. Source

Illinois Electric Vehicle FAQs

Illinois offers tax credits, grants, and other incentives to attract electric vehicle manufacturers to the state. Source


Through various programs and incentives, Illinois encourages companies to invest in R&D, leading to advancements in electric vehicle technology and infrastructure. Source


While the entire state is open to electric vehicle manufacturing, certain regions may offer additional local incentives or benefits to attract businesses. Source


Illinois is actively promoting the development of electric vehicle charging infrastructure to support the growth of EVs in the state. Source


Illinois aims to form partnerships with manufacturers, offering them incentives and support in exchange for their investment in the state's electric vehicle ecosystem. Source

Other advanced technologies with recent incentive commitments are hydrogen energy, quantum technology, and biotech.

Hydrogen Energy Development in Illinois:

Incentives, Partnerships, and a Sustainable Future

Hydrogen energy is making significant strides in Illinois with multi-state partnerships and university commitments in recent years and federal funding this year.

A Billion-Dollar Boost for the Midwest Hydrogen Hub

In collaboration with Indiana and Michigan, Illinois has secured $1 billion in federal funding from the U.S. Department of Energy (DOE) for the Midwest Hydrogen Hub. This network aims to accelerate decarbonization through strategic hydrogen use, targeting a substantial reduction of carbon emissions by approximately 3.9 million metric tons annually.

The Midwest Hydrogen Hub: A Multi-State Initiative

The Midwest Hydrogen Hub is a collaborative effort involving multiple states, including Indiana and Michigan. The hub's strategic location in a crucial U.S. industrial and transportation corridor will promote hydrogen use in various sectors, including steel and glass production, power generation, refining, heavy-duty transportation, and sustainable aviation fuel. The impact? An estimated annual carbon emission reduction equivalent to removing the emissions of over 867,000 gasoline-fueled cars.

Illinois' Climate Commitment

In line with the carbon reduction impact of the Midwest Hydrogen Hub, the DOE's award builds on the Illinois Climate and Equitable Jobs Act, which has set a national benchmark with its aggressive decarbonization goals, committing Illinois to be entirely reliant on clean energy by 2050.

Job Creation and Economic Boost

The Midwest Hydrogen Hub also anticipates the creation of 13,600 jobs and plans to invest around $15 million in training and employment services for the clean energy workforce. Furthermore, the hub is committed to promoting equitable hiring and contracting practices. Some of its targets include allocating 40 percent of subcontracted dollars to Minority/Disadvantage Business Enterprises and investing $30 million in an inclusive entrepreneurship program.

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Illinois Quantum Information Science & Technology FAQs

The Bloch Tech Hub is a coalition of private and public organizations, led by the Chicago Quantum Exchange, that aims to advance the regional adoption of quantum information science and technology (QIST). Source; Source


The U.S. Economic Development Administration (EDA) has designated the Bloch Tech Hub as one of the 31 Regional Technology and Innovation Hubs (Tech Hubs) based on its potential for innovation and economic growth. This designation makes the Bloch Tech Hub eligible for significant federal funding to further its initiatives. Source


As a designated Tech Hub, the Bloch Tech Hub is eligible to apply for the second phase of the Tech Hubs Program, where it can receive between $50 and $75 million in federal funding. Source


By 2035, the Bloch Tech Hub is projected to generate an estimated $8.7 billion in annual economic output and create up to 8,000 high-paying jobs in the region. Source


The Bloch Tech Hub will initially focus on the financial sector, with plans to later adapt its QIST-enabled solution framework to meet the needs of other industries such as transportation, manufacturing, healthcare, and defense. Source

Illinois Biotechnology Investment FAQs





Rust Belt to Green Belt FAQs

What is the "Rust Belt to Green Belt" initiative in Illinois?

The "Rust Belt to Green Belt" initiative in Illinois is a transformative effort to shift the region from its industrial past to a hub of sustainable climate innovation. It involves targeted decarbonization funds and a commitment to clean energy and technology development.


What role does Innovate Illinois play in this initiative?

Innovate Illinois, launched by Governor JB Pritzker in partnership with various organizations, is a coalition aimed at securing federal funding for science, technology, and climate initiatives. It focuses on leveraging Illinois' innovation hubs and educational institutions to drive economic development and technological progress.


How is the National Community Investment Fund (NCIF) involved?

The NCIF is leading a Midwest consortium to submit a $1 billion proposal to the EPA’s Clean Communities Investment Accelerator. This proposal is a part of the "Rust Belt to Green Belt Initiative," emphasizing the region's commitment to sustainable climate innovation.


What are the goals of the Chicagoland Climate Investment Alliance?

The Alliance aims to create an interconnected climate innovation ecosystem, accelerate local startups, mobilize substantial climate investments, secure federal support, and strengthen collaborations to foster innovation and growth in climate-resilient technologies.


What specific areas will the initiative focus on?

The initiative will focus on sectors like agtech, clean energy, water, food, recycling, building decarbonization, and materials-science innovations.


How will this initiative impact job growth and economic development?

The initiative is expected to spur job growth and economic development in Chicagoland and the broader Midwest, particularly in specialized sectors related to climate innovation.


What federal acts support this initiative?

The initiative is supported by federal acts such as the CHIPS and Science Act, the Inflation Reduction Act, and the Infrastructure Investment and Jobs Act.


Who are the founding members of the Chicagoland Climate Investment Alliance?

Founding members include public, private, and civic entities like World Business Chicago, the State of Illinois, City of Chicago, Invenergy, ComEd, Nicor Gas, Jones Lang Lasalle, and Wanxiang America.


What is the role of higher education institutions in this initiative?

Higher education institutions in Illinois are key partners in developing technologies, scientific advances, and training the workforce needed for climate innovation. They will collaborate with the private sector and government in this initiative.


How can businesses and individuals get involved in the initiative?

Businesses and individuals can engage with the initiative by partnering with the state and education system for research, technology, and workforce development opportunities related to innovation and clean energy.


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Not far behind semiconductors, electric vehicles, and new energy in terms of advanced technology interests, artifical intellegence regulation is gaining traction.

Illinois and Artificial Intelligence: Laws and Regulations in Focus

Artificial Intelligence (AI) is rapidly transforming various sectors, from healthcare to transportation. As AI technologies become more integrated into our daily lives, there's a growing need for regulations to ensure their ethical and responsible use. Illinois, like many other states, is actively considering and implementing laws related to AI. This article delves into the current landscape of AI laws and regulations in Illinois and what's on the horizon.

Employers Using AI in Hiring: A Word of Caution

The use of AI in hiring processes is becoming increasingly common. Employers leverage AI-driven tools to screen resumes, conduct virtual interviews, and even predict a candidate's future performance. However, Illinois' Artificial Intelligence Video Interview Act, effective since January 1, 2020, mandates employers to notify applicants when they use AI to analyze video interviews. The law also requires employers to explain how the AI works and what general types of characteristics it uses to evaluate applicants. This is a significant step towards ensuring transparency in AI-driven hiring processes.

Task Force on AI: A Proactive Approach

Recognizing the transformative potential of AI, Illinois has taken a proactive approach by considering the establishment of a task force. This task force aims to determine how the state can utilize and regulate AI effectively. By bringing together experts from various fields, the state hopes to create comprehensive guidelines and policies that will foster innovation while safeguarding the interests of its residents.

A Call for Federal AI Policy: Transparency and Risk Management

Illinois Attorney General Kwame Raoul has emphasized the need for a federal AI policy. He advocates for a policy that mandates transparency and considers the potential risks associated with AI. By having a unified federal policy, states like Illinois can better navigate the challenges posed by rapidly advancing AI technologies.

A Broader Perspective: AI Legislation Across States

While Illinois is actively considering AI regulations, it's essential to understand the broader landscape of AI laws in the U.S. In 2022, at least 17 states introduced general AI bills or resolutions. States like Colorado, Florida, and Vermont have enacted AI-related laws, with Colorado and Vermont establishing task forces to study AI. Washington state has taken a unique approach by providing funding for an inventory of all automated decision systems used by state agencies.

AI Regulation, In Conclusion

As AI continues to evolve, it's crucial for states like Illinois to stay ahead of the curve by implementing robust regulations. By ensuring transparency, promoting ethical use, and fostering innovation, Illinois is positioning itself as a leader in the AI regulatory space.

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