Illinois’ 2024 Economic Growth Plan

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Illinois' 2024 Economic Growth Plan

Insights You'll Gain

With this resource, you will learn:

    • Strategic Investment Areas – Discover which industries (like energy efficiency, broadband, manufacturing, and tourism) Illinois is prioritizing for growth.

    • Equitable Opportunity Focus – Learn how the state is supporting minority-, veteran-, and women-owned businesses through targeted grants, technical assistance, and other initiatives.

    • Infrastructure & Connectivity Plans – Gain clarity on efforts such as broadband expansion through Connect Illinois and transit-linked economic development to boost accessibility.

    • Energy Efficiency & Workforce Development – Unpack how Illinois is building a clean hydrogen economy (via MachH2), aligning with federal programs, and leveraging workforce training.

    • Regional & Community Development – See how regional offices (e.g., Intersect Illinois) and local programs are structured to support business recruitment, site selection, TIFs, and small-town revitalization.
    • Accountability & Funding Framework – Understand performance metrics, incentive tools (like tax credits and TIF), and grant processes designed to track impact and ensure accountability.

Illinois’ 2024 Economic Growth Plan outlines the state’s vision to drive inclusive, innovation-led economic development across key industries such as manufacturing, energy efficiency, life sciences, and broadband. It emphasizes access to capital, training, and resources for historically underserved communities and business owners. The Plan also highlights infrastructure investments and workforce development as critical tools for creating quality jobs and attracting private-sector investment. With a focus on long-term resilience, the strategy aligns state efforts with federal funding opportunities to build a more competitive, connected, and sustainable Illinois economy.

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