John Pletz
Senior Reporter at Crain's Chicago Business
I cover tech, startups, weed and airlines @CrainsChicago Business. It's an eclectic mix of things that can take off and get you high. [email protected]
Articles
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3 weeks ago |
chicagobusiness.com | John Pletz
Going public has long been a startup’s ultimate milestone. But fewer are ringing the bell these days. The last Chicago startup to go public was Tempus AI, a gene-testing and analytics company launched by serial entrepreneur Eric Lefkofsky. Tempus went public last year, along with UL Solutions, a 130-year-old company. There were no Chicago IPOs in 2023.
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3 weeks ago |
chicagobusiness.com | John Pletz
Energize Capital, a Chicago-based investor in climate technology, raised a $430 million third fund. The firm was co-founded in 2016 by renewable-energy entrepreneur Michael Polsky and counts Walmart heir Lukas Walton’s Chicago-based investment vehicle Builders Vision among its investors. The fund is 30% bigger than Energize Capital’s last investment pool. The firm took a step up in more than just the amount of money it raised.
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3 weeks ago |
chicagobusiness.com | John Pletz
Once rescued by taxpayers, a central Illinois nuclear plant is now the centerpiece of a massive clean energy deal with Meta — a move driven by the tech giant’s growing AI power demands. The parent company of Facebook today unveiled a 20-year agreement with Constellation Energy to purchase clean power.
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3 weeks ago |
chicagobusiness.com | John Pletz
Businesses escaped a pile of new taxes and fees by the time legislators left Springfield on Sunday after passing a new $55 billion state budget, including potential levies on Uber and Lyft rides, deliveries of food and merchandise, and digital advertising. The new taxes and fees were narrowly avoided, in some instances being pulled at the last minute or not being called for a vote. Normally the end of the legislative session brings the relief of finality.
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3 weeks ago |
chicagobusiness.com | John Pletz
After adding incentives aimed at attracting new manufacturers in recent years, state legislators approved new tax credits to help existing companies. Legislation passed over the weekend allows the Illinois Department of Commerce & Economic Opportunity to offer a tax credit of 3% to 7% for manufacturers who invest at least $10 million in upgrading or expanding their facilities.
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Laura Ricketts will co-chair @JulianaStratton's finance committee in her run for U.S. Senate. https://t.co/99MqM0MkaU
Here's a deal so cheap that it would have made @Groupon blush. @DannyEcker has the story on the massive discount on a storied Chicago office building. https://t.co/AvF6dqP4Yl
Judge says Outcome Health co-founder Shradha Agarwal can remain free on bail while she appeals her fraud conviction as Ashik Desai gets a 7-month sentence. https://t.co/JY4jNYVpv5