[Other] organizations like the Illinois Manufacturers’ Association, the Illinois Science & Technology Coalition, as well as Crain’s Chicago Business editorial board have called on lawmakers to reinstate and make permanent research and development (R&D) tax credits, which expired in 2015. Now, Illinois is one of the few states that does not offer such tax credits.
mHUB’s i6 Challenge Grant application process was supported by The Illinois Science & Technology Coalition (ISTC) and the Illinois Technology Association (ITA), as well as thirty-three letters of support from community associations, businesses and city, state, and county government offices. “mHUB is a transformative effort that is cultivating new innovations in physical product development and driving entrepreneurship within the region's manufacturing community. This support from the EDA Regional Innovation Strategies Program i6 Challenge will help to accelerate the development of the mHUB facility and its vital programs to spur economic growth and competitiveness in the years to come," said Mark Harris, president & CEO of the Illinois Science & Technology Coalition (ISTC).
Illinois is one of the biggest producers of tech talent, thanks to University of Illinois, Northwestern University, University of Chicago and Illinois Tech (IIT). Last year, Illinois universities produced nearly 2,500 computer science grads, second only to California, according to data from the Illinois Science and Technology Coalition.
More students in Illinois are studying STEM (science, technology, engineering and mathematics) than in years previous, but retention of highly skilled STEM grads still remains a challenge, a new study from the Illinois Science and Technology Coalition found.