Author: Illinois Department of Commerce and Economic Opportunity

Governor Pritzker Announces Investments in Fortune Brands Innovations’ Expanded Deerfield Headquarters

, Date: January 22, 2025

Bolstered by an EDGE agreement, Fortune Brands Innovations plans significant investment to create at least 400 new jobs on the North Shore, with capacity for over 1,000 jobs

Today, Governor JB Pritzker, Fortune Brands Innovations and the Illinois Department of Commerce and Economic Opportunity (DCEO) announced new investments in the company’s expanded headquarters in Deerfield. Fortune Brands Innovations’ significant investment in capital expenditures, bolstered by an Economic Development for a Growing Economy (EDGE) agreement, will enable the company to expand its headquarters to increase its operations and position the company and its brands for long-term growth.

“Fortune Brands Innovations’ decision to establish its global headquarters in Deerfield is a testament to Illinois’ talented workforce, dynamic business ecosystem, and culture of innovation,” said Governor JB Pritzker. “Supported by the EDGE program, this significant investment will generate hundreds of new jobs and further solidify Illinois as the premier state to live, work, and do business.”

An industry-leading innovation company dedicated to creating smart, safer and more beautiful homes and improving lives, Fortune Brands Innovations will consolidate and streamline its U.S. divisional headquarters operations into a single global headquarters in Deerfield. The company’s decision to grow in Illinois will deliver a world-class, collaborative office environment to fuel the company’s innovation, accelerate its digital solutions and grow its core products.

“We conducted a thorough, nationwide headquarters search before confirming Deerfield, Illinois as the most strategic location for our new, state-of-the-art campus, which will have capacity for over 1,000 associates by the end of 2027,” said Fortune Brands Chief Executive Officer Nicholas Fink. “Illinois is home to one of the strongest professional labor forces in the nation, which is exactly what we need as we unify our associates in one location and continue to innovate for accelerated growth. The deep talent pool and competitive incentives package from the State of Illinois were critical factors in our decision.”

“Fortune Brands Innovations has made a name for itself in Deerfield, and the State’s EDGE incentive package is supporting the company’s long-term growth in Illinois as it expands its headquarters,” said DCEO Director Kristin Richards. “Illinois’ competitive business attraction incentives, world-class workforce and strategic location in the Middle of Everything are just a few of the many reasons businesses choose to locate or expand in our great state.”

Bolstered by EDGE incentives, Fortune Brands Innovations selected Illinois to locate and expand its global headquarters after considering locations in a variety of other states.

“Illinois has a storied history of innovation, and Fortune Brands Innovations’ decision to grow its operations in Illinois is a testament to all our state has to offer,” said Representative Bob Morgan (D – 58). “Bolstered by State incentives, Fortune Brands Innovations will create new jobs for the North Shore community while contributing to Illinois’ growing business ecosystem.”

“The State of Illinois’ business attraction incentives are stronger than ever under Governor Pritzker’s leadership,” said Senator Julie Morrison (D – 29). “EDGE incentives are supporting Fortune Brands Innovations’ HQ expansion in Deerfield, and I’m proud to see this innovative company poised for continued growth as it creates and retains hundreds of good-paying jobs.”

As part of the State’s comprehensive incentive package, Fortune Brands Innovations received an EDGE tax credit, and has committed to making a significant investment, creating at least 400 new full-time jobs and retaining the 128 full-time jobs located in Deerfield at the time of the EDGE agreement application. A link to the full agreement can be found here. In calendar year 2024, companies in the EDGE program committed more than $650 million in investments in Illinois communities across the state.

“I am excited to see Fortune Brands expand its footprint in Deerfield and look forward to their continued growth in the Village,” said Deerfield Mayor Daniel C. Shapiro.

“It’s great to see this exciting growth for Fortune Brands and for Lake County. This expansion shows that premier locations with top-shelf office space can still drive demand,” said Lake County Partners president and CEO Kevin Considine.

Governor Pritzker Secures Business Expansion During Japan Delegation Trip with Sysmex America, Inc. in Northeastern Illinois

, Date: October 8, 2024

On the first day of Governor JB Pritzker’s trade mission to Japan, the Governor, Sysmex America, Inc. and the Illinois Department of Commerce and Economic Opportunity (DCEO) announced that Sysmex America, Inc. will expand its operations in northeastern Illinois. New investments will create 110 new full-time jobs and retain nearly 550 existing jobs in the State, enabling the company to continue growing and meeting increased customer demand for its innovative medical diagnostic technologies and products.

“Sysmex is an essential part of the fabric of the northeastern Illinois economy, and this expansion further exemplifies that innovative companies want to work out of innovative states,” said Governor JB Pritzker. “It is opportunities like this that make these trade missions so rewarding, and I look forward to seeing what Sysmex does in the future in partnership with Illinois.”

Through a $20.6 million investment, Sysmex America, Inc. – which manufactures medical diagnostic equipment – will expand its northeastern Illinois facilities, which will enable the company to grow its high precision and automation systems, enhancing lab efficiency and accuracy. Serving a range of clients including hospitals, independent laboratories and research facilities, this investment will allow Sysmex America, Inc. to continue expanding its product portfolio and market reach, adapting to the evolving needs of the health care industry and staying ahead in the field.

“Our expansion in northeastern Illinois underscores our commitment to the community, our dedication to innovation and our mission to deliver products that are key to improving patient outcomes,” said Dan Zortman, chief executive officer of Sysmex America. “Thanks to DCEO, Sysmex America will further advance its long-term and accelerate growth.”

Sysmex America, Inc.’s highly skilled workforce includes scientists, engineers, and health care professionals at the forefront of innovation – continuously developing new diagnostic technologies and improving existing products. Through advancements in automation and digital diagnostics, the company offers high precision systems which aid in diagnosing blood clotting disorders and other medical conditions.

“Illinois has long been a hub for life sciences and I’m excited to see Sysmex select Illinois for their expansion” said Kristin Richards, Director of the Illinois Department of Commerce and Economic Opportunity. “Illinois shines as a powerhouse in developing a talented workforce for the life science industry with 37 institutions offering industry-related programs in the Chicagoland area alone.”

“It’s great to see a global leader like Sysmex continue to build on its long history in Illinois and Lake County,” said Kevin Considine, chief executive officer of Lake County Partners. “For many years, they have been a key part of our life sciences sector – the largest in the Midwest. We appreciate their reinvestment and commitment and are excited to help them grow further.”

A subsidiary of Japanese medical diagnostic equipment manufacturer Sysmex Corporation, Sysmex America, Inc. manufactures and markets automated in vitro diagnostic hematology, flow cytometry, technology solutions, coagulation and urinalysis analyzers, reagents and information systems for laboratories and health care facilities in North and South America. With its United States headquarters based in Illinois, the company also offers clinical laboratory testing devices and automation systems for hematology, hematology-multispecies, hemostasis, flow cytometry, informatics solutions, and urinalysis.

With more than 2,600 internationally-owned businesses employing 550,000 people in Illinois, Japan is Illinois’ 4th largest FDI partner by employment. Japanese firms employ more than 56,000 Illinoisans at 1,600 locations for 450 subsidiaries.

Illinois Tops Workforce Development Rankings

, Date: February 6, 2024

For the second consecutive year, Illinois has been named the number one leader for workforce development in the Midwest region. The top ranking highlights the State of Illinois’ commitment to expanding access to innovative workforce programs and making critical investments through legislation and programming to reduce barriers to good-paying jobs in order to create a thriving business ecosystem for jobseekers, employees and employers.

“The hardworking people of Illinois are at the forefront of our state’s economic progress, making us the top state in the Midwest for workforce development for the second consecutive year,” said Governor JB Pritzker. “Since day one, my administration has been committed to making Illinois the best place to live. That’s why we’ve made transformative investments in workforce development, education, and our businesses—ensuring that every Illinoisan has an opportunity to thrive.”

“Illinois’ greatest asset is its people, and through a variety of pre-apprenticeship, apprenticeship and workforce development programs throughout the state, DCEO is opening the doors to opportunities to join the state’s top-ranked workforce,” said DCEO Director Kristin Richards. “Under Governor Pritzker’s leadership, the State of Illinois will continue to provide resources and programs to support the number one workforce in the Midwest.”

The Site Selection magazine ranking recognizes “states that performed well in a set of measures that gauge workforce-related aspects of states’ overall employment climate.” It combines information from CNBC, U.S. News, and other organizations.

The Pritzker Administration has consistently invested in workforce training to advance career training opportunities for residents across all industries. From training initiatives and trade programs, Illinois has a sustainable pipeline of qualified workers for every field.

Illinois’ workforce development is rooted in equity, innovation, and growth for the future. The state fosters apprenticeship programs at every level and has over 400 Registered Apprenticeship programs for more than 20,000 active apprentices. Starting with Illinois’ youth, the state is building cohesive programs to ensure every individual that enters the workforce has adequate preparation and the ability to access the resources needed when choosing careers.

Illinois’ youth apprenticeship programs provide a foundation for students aged 16-24 in high school and postsecondary education to choose between multiple pathways in high school, leading to college, full-time employment, or a combination of both.

In 2021, the Illinois Works Pre-Apprenticeship Program was launched to increase access to good-paying jobs in the trades for historically underrepresented populations. Since the launch of Illinois Works, more than $40 million has been awarded to 36 diverse organizations across the state, paving the way for over 4,100 participants to secure jobs and greater opportunities in construction and the trades.

WE FUEL BUSINESS GROWTH AND TALENT ATTRACTION IN LAKE COUNTY, ILLINOIS

We work with partners across Lake County to strengthen the local talent pipeline and help businesses tap into the workforce. Connect with us and see how we can help you leverage Lake County’s unique set of assets to attract employees and grow your business.

CNBC Ranks Illinois Among Top in Nation For Business

, Date: July 25, 2023

CNBC has released its “2023 Top States for Business” publication which ranks states based on 10 broad categories of competitiveness. This year, Illinois ranked in the top 10 in the nation for four categories of competitiveness, and six categories in the top 20. Illinois is ranked the 17th best state for business, rising ahead two spots from the 2022 ranking and up from 30th in the 2019 ranking.

The report ranked Illinois:

• #2 in the nation for infrastructure (up from #3 in 2022)

• #2 in the nation for education (up from #6 in 2022)

• #6 in the nation for access to capital (up from #8 in 2022)

• #9 in the nation for cost of living (up from #20 in 2022)

“I couldn’t be prouder that we’re outpacing more and more states, and now CNBC has ranked Illinois number two in the nation for both infrastructure and education,” said Governor JB Pritzker. “Over the last four years, our Rebuild Illinois Capital Plan has been modernizing our transportation systems. Our higher education institutions have become more affordable and have risen in college rankings. We’ve invested historic levels of funding into early childhood education and K-12 schools which now rank 6th in the nation by US News and World Report. Illinois is improving our economic prospects by focusing on the long term. Here’s to continued improvement in 2024.”

“Illinois stands out as one of the best states in the nation, and as leaders, we know it is the people who make our state so great,” said Lt. Governor Juliana Stratton. “Since day one, our administration has been committed to the work that ensures Illinoisans can thrive so we can go even further together. By investing in our schools, infrastructure, and businesses, we are championing an Illinois that soars to greater heights.”

Through the landmark $45 billion Rebuild Illinois initiative, Illinois has made unprecedented investments to modernize roads, bridges, airports, and ports – resulting in the complete renovation of more than 5,300 miles of highway and almost 500 bridges, as well as more than 750 accessibility and safety improvements.

Illinois has long been known for its superior infrastructure, boasting top freight access, miles of interstate highway, and accessibility to 80 percent of locations in the continental U.S. within four hours through Illinois’ superior airports. Over the next six years, Illinois will invest an additional $13.96 billion to continue its full-scale infrastructure revitalization that will enhance all modes of transportation across the state.

Additionally, the Pritzker Administration has prioritized sustained year-over-year investments in education from cradle to career. Most recently passing Smart Start Illinois, building upon the state’s strong educational foundation by ensuring students have access to high-quality early education for generations to come.

Governor Pritzker’s administration has overseen the largest early childhood investments in state history, totaling in over $1 billion to support early childhood care and education. Smart Start Illinois begins a major push across birth-to-five programs, which includes:

  • Pre-school expansion to eliminate preschool deserts and cover every child
  • Improve early intervention services to allow thousands of children to overcome developmental challenges
  • Enhance Illinois’ nation-leading home visiting program
  • Raises for early childhood workers and providers

Illinois ranks sixth in the nation in K-12 education, with funding being increased this year by an additional $525 million, including $350 million for evidence-based funding and $45 million for the first year of an innovative three-year pilot program to fill teacher vacancies.

Governor Pritzker has also increased MAP Grant and AIM High funding to a record-breaking, all-time high of more than $750 million, making it possible for nearly every eligible student at or below median income to attend community college for free.

“Thanks to Governor Pritzker and the General Assembly, Illinois has stronger business attraction incentives than ever before and the state is building momentum,” said DCEO Director Kristin Richards. “Combined with our world-class infrastructure, superior education system, and a reasonable cost of living, Illinois continues to grow its economy and improve quality of life for Illinoisans.”

In addition to Infrastructure, Education, Access to Capital and Cost of Living, Illinois ranked among the top 20 states for Life, Health, and Inclusion (17th) – which measures quality of life metrics such as health care, worker protection, voting rights and other data points. Illinois also ranked 14th for Technology & Innovation, which looks at the number of patents, research and similar measures.

The positive rankings in key competitive categories come as Illinois is experiencing a record-setting year for economic development, including ranking #2 in the nation for corporate investment and #1 for workforce development in the Midwest by Site Selection Magazine. Illinois also shattered its record for film production spending (nearly $700 million) and reached an all-time high for hotel revenues in FY23.

Additionally, Illinois reached $1 trillion GDP for the first time in 2022 and nearly tripled companies’ capital investments through EDGE agreements from 2019 pre-pandemic levels to $1 billion in 2022.

Over the past several years, Illinois has launched new business attraction incentives while making improvements to its existing suite. Recent programs and improvements to business attraction include:

  • Invest in Illinois Fund: $400 million closing fund provides discretionary grant assistance for large projects with significant job creation and capital investments.

  • Reimagining Energy & Vehicles Illinois (REV Illinois): Up to 100% income tax withholding for new jobs created in the EV/clean energy manufacturing sectors, among other benefits.

  • Economic Development for a Growing Economy (EDGE) Program: With more than $1 billion in investment from companies receiving EDGE credits in 2022, EDGE is Illinois’ premier incentive program. EDGE provides competitive tax incentives to businesses in all industries locating or expanding in Illinois.

  • Data Centers Investment Program: Provides qualifying data center owners and operators with highly competitive exemptions from a variety of state and local taxes.

  • Enterprise Zones (EZ) and High Impact Business (HIB): Enterprise Zones provide various benefits including building material sales tax exemptions, utility tax exemptions (natural gas and electricity), and investment tax credits.

  • Manufacturing Illinois Chips for a Real Opportunity (MICRO): Provides incentives for manufacturers of microchips and semiconductor parts for job creation/retention benefits, training cost benefits, credits for construction jobs, and investment credits.

HOW CAN YOUR COMPANY LEVERAGE THIS SUCCESS?

As the non-profit organization charged with leading economic development in Lake County, Illinois, we are positioned to provide free tools, connections, incentives and insights to help your business grow. The Chicagoland region has celebrated tremendous success and national recognition in recent years, and it is the perfect time to capitalize on the momentum. Connect with us here to see how we can help you tap into resources offered by our partners, including the Illinois Department of Commerce and Economic Opportunity. This post was adapted from this press release.