Richardson Electronics Expands Operations in Illinois with $8.5 Million Investment
Governor JB Pritzker, the Illinois Department of Commerce and Economic Opportunity (DCEO), and Richardson Electronics, a leading global manufacturer of engineered solutions, green energy products, and power grid technologies, announced the expansion of Richardson Electronics' operations in La Fox, Illinois. The company plans to invest over $8.5 million in its manufacturing headquarters over the next four years, retaining nearly 200 skilled employees and creating 54 new full-time jobs in the region.
Key Takeaways:
- Richardson Electronics will expand its operations in La Fox, Illinois, with a capital investment of over $8.5 million over the next four years.
- The company will retain nearly 200 skilled employees and create 54 new full-time jobs in the region.
- Richardson Electronics plans to expand its alternative energy business to develop next-generation energy storage products that support electric grid stability.
- The company's new BESS technology is designed to address brownouts, reduce electricity costs, and support renewable energy integration.
- The REV Illinois program, led by the DCEO, supports a targeted industry for the state - clean energy production and advanced manufacturing.
- As part of the State's incentive package, Richardson Electronics received a REV Illinois tax credit for their capital investment and commitment to job creation.
- The REV agreement also specifies the retention of 190 jobs for the entirety of the agreement period.
Statistics:
- Over $8.5 million capital investment over the next four years
- Creation of 54 new full-time jobs in the region
- Retention of nearly 200 skilled employees
- 190 jobs retained for the entirety of the agreement period
- 50% of Richardson Electronics' products manufactured in La Fox, Illinois, Marlborough, Massachusetts, or Donaueschingen, Germany
Sources:
- GlobeNewswire, Aug. 20, 2025
- Illinois Department of Commerce and Economic Opportunity (DCEO)