Near West Side ventures seed growth in Chicago manufacturing
Media Coverage Guest User Media Coverage Guest User

Near West Side ventures seed growth in Chicago manufacturing

There’s this weird thing about the entrepreneurial spirit and trying to create jobs from a new idea: It takes intense work and focus but also patience, qualities hard to find in equal measure.

On the Near West Side, within blocks of each other, are examples of two such operations seeing results from its investments of labor, thought and capital. They will be part of an innovation economy taking root in what was Chicago’s old meatpacking and produce district.

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Illinois’ success in landing an EV battery plant came from defeat
Media Coverage Jeff Helm Media Coverage Jeff Helm

Illinois’ success in landing an EV battery plant came from defeat

Illinois’ success in landing an electric vehicle battery plant came from defeat.

Nearly a year before China’s Gotion Hi-Tech chose Manteno for a $2 billion battery assembly plant, it picked Michigan for a similar factory. Gov. J.B. Pritzker set about persuading lawmakers to authorize a $400 million deal-closing fund and extend the state’s incentives, primarily payroll-tax credits, to last as long as 30 years. The legislation passed in December and January.

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