Latest news with #J.B.Pritzker
Yahoo
2 days ago
- Business
- Yahoo
Japan Delegation Visits Illinois to Deepen Quantum Innovation Ties
CHICAGO, June 03, 2025--(BUSINESS WIRE)--Building on the momentum of previous delegations to Japan from the State of Illinois led by Governor J.B. Pritzker in October 2024 and the City of Chicago led by Deputy Mayor Kenya K. Merritt in March 2025, a high-level Japanese delegation will visit Illinois June 8-10 to strengthen collaboration in the rapidly advancing field of quantum technology. The delegation, organized by the Japan External Trade Organization (JETRO), and co-organized by the Illinois Department of Commerce and Economic Opportunity (DCEO), Intersect Illinois, World Business Chicago (WBC), Illinois Quantum and Microelectronics Park, includes representatives from leading Japanese quantum and deep-tech companies, as well as many prominent Japanese organizations interested to learn about new innovations in the field of quantum computing. Their visit underscores the growing international recognition of Illinois as a global hub for quantum innovation. This visit also reflects the broader strategic partnership between the United States and Japan. In their February 2025 Joint Leaders' Statement, President Donald J. Trump and Prime Minister Shigeru Ishiba reaffirmed their commitment to a "new golden age" of U.S.–Japan relations, emphasizing cooperation in technology, and economic development. The leaders highlighted the importance of joint innovation in emerging technologies—including quantum computing—as a pillar of their alliance. Illinois, and Chicago in particular, play a vital role in this bilateral relationship. Japan is one of Illinois' top foreign investors, with more than 47,000 Illinoisans employed by Japanese companies. The organizers are working in close partnership to welcome the delegation and facilitate meaningful engagement with local stakeholders. Chicago has emerged as a national leader in quantum research and commercialization, with over $1 billion in federal investment and the establishment of four National Quantum Initiative research centers—more than any other region in the U.S. The city is home to the Chicago Quantum Exchange (CQE), a collaborative network that includes the University of Chicago, Argonne National Laboratory, and other key institutions. These efforts are positioning Chicago as "The Quantum City," a nexus for cutting-edge research, workforce development, and industry partnerships. The delegation's itinerary includes visits and meetings with leading organizations, universities and companies including: Polsky Center Hyde Park Labs Argonne National Laboratory Chicago Quantum Exchange mHUB These engagements aim to foster deeper collaboration between Japanese and Illinois-based quantum stakeholders, explore investment opportunities, and promote knowledge exchange in quantum computing, sensing, and communications. The visit will conclude with the "Quantum Innovation Exchange" – JETRO's Japan Innovation Bridge (J-Bridge) Event – which will feature pitch presentations from Japanese and Chicago-based quantum companies, followed by networking. More information can be found here: This visit marks a significant step forward in strengthening U.S.-Japan cooperation in quantum technologies and highlights Illinois' growing role as a global center for quantum innovation. View source version on Contacts Matt FeagleyJETRO ChicagoEmail: matt_feagley@ Phone: 312-832-6000 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Japan Delegation Visits Illinois to Deepen Quantum Innovation Ties
CHICAGO, June 03, 2025--(BUSINESS WIRE)--Building on the momentum of previous delegations to Japan from the State of Illinois led by Governor J.B. Pritzker in October 2024 and the City of Chicago led by Deputy Mayor Kenya K. Merritt in March 2025, a high-level Japanese delegation will visit Illinois June 8-10 to strengthen collaboration in the rapidly advancing field of quantum technology. The delegation, organized by the Japan External Trade Organization (JETRO), and co-organized by the Illinois Department of Commerce and Economic Opportunity (DCEO), Intersect Illinois, World Business Chicago (WBC), Illinois Quantum and Microelectronics Park, includes representatives from leading Japanese quantum and deep-tech companies, as well as many prominent Japanese organizations interested to learn about new innovations in the field of quantum computing. Their visit underscores the growing international recognition of Illinois as a global hub for quantum innovation. This visit also reflects the broader strategic partnership between the United States and Japan. In their February 2025 Joint Leaders' Statement, President Donald J. Trump and Prime Minister Shigeru Ishiba reaffirmed their commitment to a "new golden age" of U.S.–Japan relations, emphasizing cooperation in technology, and economic development. The leaders highlighted the importance of joint innovation in emerging technologies—including quantum computing—as a pillar of their alliance. Illinois, and Chicago in particular, play a vital role in this bilateral relationship. Japan is one of Illinois' top foreign investors, with more than 47,000 Illinoisans employed by Japanese companies. The organizers are working in close partnership to welcome the delegation and facilitate meaningful engagement with local stakeholders. Chicago has emerged as a national leader in quantum research and commercialization, with over $1 billion in federal investment and the establishment of four National Quantum Initiative research centers—more than any other region in the U.S. The city is home to the Chicago Quantum Exchange (CQE), a collaborative network that includes the University of Chicago, Argonne National Laboratory, and other key institutions. These efforts are positioning Chicago as "The Quantum City," a nexus for cutting-edge research, workforce development, and industry partnerships. The delegation's itinerary includes visits and meetings with leading organizations, universities and companies including: Polsky Center Hyde Park Labs Argonne National Laboratory Chicago Quantum Exchange mHUB These engagements aim to foster deeper collaboration between Japanese and Illinois-based quantum stakeholders, explore investment opportunities, and promote knowledge exchange in quantum computing, sensing, and communications. The visit will conclude with the "Quantum Innovation Exchange" – JETRO's Japan Innovation Bridge (J-Bridge) Event – which will feature pitch presentations from Japanese and Chicago-based quantum companies, followed by networking. More information can be found here: This visit marks a significant step forward in strengthening U.S.-Japan cooperation in quantum technologies and highlights Illinois' growing role as a global center for quantum innovation. View source version on Contacts Matt FeagleyJETRO ChicagoEmail: matt_feagley@ Phone: 312-832-6000 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
2 days ago
- Business
- Business Wire
Japan Delegation Visits Illinois to Deepen Quantum Innovation Ties
CHICAGO--(BUSINESS WIRE)--Building on the momentum of previous delegations to Japan from the State of Illinois led by Governor J.B. Pritzker in October 2024 and the City of Chicago led by Deputy Mayor Kenya K. Merritt in March 2025, a high-level Japanese delegation will visit Illinois June 8-10 to strengthen collaboration in the rapidly advancing field of quantum technology. The delegation, organized by the Japan External Trade Organization (JETRO), and co-organized by the Illinois Department of Commerce and Economic Opportunity (DCEO), Intersect Illinois, World Business Chicago (WBC), Illinois Quantum and Microelectronics Park, includes representatives from leading Japanese quantum and deep-tech companies, as well as many prominent Japanese organizations interested to learn about new innovations in the field of quantum computing. Their visit underscores the growing international recognition of Illinois as a global hub for quantum innovation. This visit also reflects the broader strategic partnership between the United States and Japan. In their February 2025 Joint Leaders' Statement, President Donald J. Trump and Prime Minister Shigeru Ishiba reaffirmed their commitment to a 'new golden age' of U.S.–Japan relations, emphasizing cooperation in technology, and economic development. The leaders highlighted the importance of joint innovation in emerging technologies—including quantum computing—as a pillar of their alliance. Illinois, and Chicago in particular, play a vital role in this bilateral relationship. Japan is one of Illinois' top foreign investors, with more than 47,000 Illinoisans employed by Japanese companies. The organizers are working in close partnership to welcome the delegation and facilitate meaningful engagement with local stakeholders. Chicago has emerged as a national leader in quantum research and commercialization, with over $1 billion in federal investment and the establishment of four National Quantum Initiative research centers—more than any other region in the U.S. The city is home to the Chicago Quantum Exchange (CQE), a collaborative network that includes the University of Chicago, Argonne National Laboratory, and other key institutions. These efforts are positioning Chicago as 'The Quantum City,' a nexus for cutting-edge research, workforce development, and industry partnerships. The delegation's itinerary includes visits and meetings with leading organizations, universities and companies including: Polsky Center Hyde Park Labs Argonne National Laboratory Chicago Quantum Exchange mHUB These engagements aim to foster deeper collaboration between Japanese and Illinois-based quantum stakeholders, explore investment opportunities, and promote knowledge exchange in quantum computing, sensing, and communications. The visit will conclude with the 'Quantum Innovation Exchange' – JETRO's Japan Innovation Bridge (J-Bridge) Event – which will feature pitch presentations from Japanese and Chicago-based quantum companies, followed by networking. More information can be found here: This visit marks a significant step forward in strengthening U.S.-Japan cooperation in quantum technologies and highlights Illinois' growing role as a global center for quantum innovation.
Eater
3 days ago
- Business
- Eater
Illinois Lawmakers Tried to Implement a ‘Pizza Tax' on Food Deliveries
Springfield lawmakers tried to pass a $1.50 food delivery tax over the weekend that would have impacted restaurants across Illinois. The proposal's details were unveiled hours before the Springfield legislative session was set to expire on Sunday, June 1. The bill hastily passed through the Senate late on Saturday, May 31, but failed to make it to the House for a vote. The increase would have affected any food delivery by a motor vehicle (bicycles would be excluded) made online and was part of the 'The Retail Delivery Climate Impact Fee Act.' It would have added $1.50 to each delivery starting on January 1, and increased annually in step with the federal rate of inflation. The tax had been ambiguously teased for days as several media outlets reported a $771 million regional transportation shortfall for the CTA, PACE, and Metra. Colorado and Minnesota have implemented retail delivery fees that target companies like Amazon and Uber. The tax is seen as an alternative to motor fuel tax hikes. Lawmakers only revealed specifics to the public on Saturday afternoon, but when details began to circulate, restaurant allies lambasted the tactic, calling it a 'pizza tax,' and criticized lawmakers for a lack of transparency. The transportation bill's sponsor, Chicago Democrat Sen. Ram Villivalam, defended his actions. CTA and other transportation officials say they need more money, or critical services and jobs could be cut. Public transportation is essential for the commutes of many restaurant workers. The proposal attempted to carve out exceptions for prescription medicine and grocery deliveries, with knowledge that the elderly, disabled, and others with mobility issues depend on services for their livelihoods. Using delivery isn't so much a choice for members of these populations. When combined with federal cuts to Medicaid, many of the state's most vulnerable could see costs balloon. However, there's doubt that the exception, as presented, would apply to all grocery and medicine orders. Third-party couriers, which have emerged as influential lobbyists across the country, predictably opposed the bill. When contacted on Saturday, a DoorDash spokesperson called the tax hike 'unnecessary.' The company stressed that deliveries aren't 'just for fancy sushi dinners' as they serve the aforementioned with mobility issues while '[bridging] the gap for families living in food deserts who need groceries, and helping low-income customers stretch their already-strained budgets further.' 'We will continue to work with Illinois lawmakers to help them better understand the unintended consequences of these kinds of policies that ultimately do more harm than good,' DoorDash's statement also reads. While Gov. J.B. Pritzker endorses the need for transit reform and improvements, according to a transcript from Capital Fax, the governor was somewhat evasive when asked if he supported the delivery tax. He's gone on the record saying he opposes hikes that impact a broad swath of the population, and food delivery would seemingly fall under that category. Pritzker would rather see increases to sales tax, or individual and corporate income taxes. Lawmakers will likely take up the discussion once more during the fall session in Springfield. Sign up for our newsletter.
CNBC
3 days ago
- Business
- CNBC
Sports betting stocks slide after Illinois lawmakers approve tax hike
Online sports betting stocks retreated Monday after Illinois lawmakers approved a budget that again raised taxes on wagers, heightening investor alarm that other states could follow suit. DraftKings dropped more than 5% and Flutter Entertainment shares fell more than 3%. The Roundhill Sports Betting & iGaming ETF (BETZ) eased more than 1%. Both chambers of Illinois' state legislature passed a budget that includes a tax of 25 cents per wager on the first 20 million online sports bets made each fiscal year, rising to 50 cents per bet after. Illinois Gov. J.B. Pritzker issued a statement saying he would sign the budget, according to local news reports. Truist analyst Barry Jonas called the duties a last-minute surprise, adding that it's the second straight year of the state slapped an unexpected tax on the industry. Under the latest plan, Jonas said Illinois will be among the highest in the country. Jonas said DraftKings and Flutter's FanDuel should both "certainly" surpass 20 million wagers, meaning they'll face the higher tax rate on a portion of their bets. But Jonas called the impact for smaller competitors in the market more "modest." Still, shares of MGM Resorts, which owns the BetMGM platform through a 50/50 joint venture with Entain, declined almost 2%. Penn Entertainment, partners in the ESPN Bet platform, fell as much as 1.6%. Now Wall Street is left wondering if other states will follow Illinois' lead and try and plug their budget deficits by either adopting or increasing online sports gambling taxes. Statewide levies on digital sports bets at the start of 2024 ranged from 51% in New Hampshire, New York and Rhode Island to 6.75% in states like Nevada and Iowa, according to a report from the Tax Foundation. Only 27 states and D.C. allow online sports betting statewide, according to the nonprofit.
