Pharmaceutical company to bring hundreds of jobs to Des Plaines

Pharmaceutical company to bring hundreds of jobs to Des Plaines

A German pharmaceutical company is expanding in Illinois, bringing hundreds of jobs.

Vetter Pharmaceuticals plans to build a million-square-foot facility in suburban Des Plaines. The company expects to hire up to 500 people once construction is finished.

The new jobs are a welcome sight in an industry worried about a number of mergers from 2015 resulting in job losses.

The northern Chicago suburbs are home to pharmaceutical companies Abbott, AbbVie and Baxter. Vetter makes sterile containers and pre-fillable syringes that possibly could benefit from being near other businesses in the region.

Local officials excited by Rivian announcement

Local officials excited by Rivian announcement

NORMAL — Twin City officials said Thursday they're excited Rivian Automotive is negotiating to buy the former Mitsubishi plant in Normal and bring in as many as 1,000 jobs. 

"It’s a mix of excitement and a sigh of relief for the amount of work that's been going into this and trying to put this deal together," said Normal Mayor Chris Koos. "The possibility for 1,000 jobs is really great news for the community."

$26 Million Investment - 20,000 Potential Jobs

$26 Million Investment - 20,000 Potential Jobs

Decatur – The state is making a major investment in a bioprocessing lab which could lead to thousands of jobs and a huge economic boost for central Illinois over the next decade.

State Senator Chapin Rose, (R) Mahomet, announced in Decatur Tuesday the state will commit $26 million in the Integrated Bioprocessing Research Lab (IBRL), at the University of Illinois.  The lab in turn will conduct biochemistry research and eventually develop bioprocessing/bio-green chemicals using corn and soybeans to convert petroleum chemicals into green chemicals.

Amazon expands and opens new facility

Amazon Invests in Illinois

Intersect Illinois’ Frank Cho worked closely with the Illinois Department of Commerce to expand the job commitment scope of this important Amazon expansion and opening of a new facility in Edwardsville. By delivering a best in class customer experience Frank established a relationship that has the potential to continue to positively impact the state.

 

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Bringing Economic Development Experience as a Board Member

STERLING – The former director of Whiteside County Economic Development, Betty Steinert, has been named to the board of a new agency the state has formed to partially privatize its economic development efforts.

 

In February, Gov. Bruce Rauner established the Illinois Business and Economic Development Corp. through an executive order. The cumbersome name resulted in the agency being rebranded Intersect Illinois on July 25.

When making the announcement, Rauner said the new organization would be made up of business, industry, and civic leaders from throughout the state. The governor has promised that none of the funding for the agency would come from the state’s taxpayers.

“This model will make us more competitive and put Illinois back in the game after years of sitting on the sidelines, idly watching neighboring states and others lure businesses and jobs away from Illinois,” Rauner said.

Intersect Illinois, which is loosely modeled after a similar public-private development partnership in Chicago, will do some of the work once done by the Illinois Department of Commerce and Economic Opportunity.

The nonprofit agency will market the state to global business leaders, and use private capital to negotiate incentives for bringing more business to Illinois. DCEO will oversee the new agency and have the final say on incentives.