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Illinois-Based Richardson Electronics to Invest $8.5M in Manufacturing Headquarters Expansion
ByAinvest
Friday, Aug 22, 2025 11:46 am ET1min read
Richardson Electronics plans to invest $8.5M to expand its manufacturing headquarters in La Fox, Illinois, with the support of the Reimagining Energy and Vehicles in Illinois program. The company will create 54 new full-time jobs and retain nearly 200 employees, investing in equipment and structural upgrades to research and produce next-generation battery energy storage system technologies.
Richardson Electronics Ltd. (NASDAQ: RELL) has announced plans to invest over $8.5 million in expanding its manufacturing operations in La Fox, Illinois, with the support of the Reimagining Energy and Vehicles in Illinois (REV Illinois) program [1]. The company aims to create 54 new full-time jobs and retain nearly 200 employees. The expansion will involve significant investments in equipment and structural upgrades to research, develop, and produce next-generation battery energy storage system (BESS) technologies.The REV Illinois program, which provides tax credits over 20 years, will support Richardson Electronics' capital investment. The company will focus on developing technologies to address brownouts, reduce electricity costs, and support renewable energy integration. The BESS technology is designed for various industries, including manufacturing, healthcare, and critical infrastructure operations.
The expansion is part of Illinois' broader strategy to build a clean energy economy and attract investments in the sector. Governor JB Pritzker and the Illinois Department of Commerce and Economic Opportunity (DCEO) have praised Richardson Electronics' commitment to innovation and job creation. The company's decision to expand in Illinois is driven by the state's strong infrastructure, skilled workforce, and competitive incentives.
Richardson Electronics' investment in Illinois aligns with the state's Economic Growth Plan, which supports clean energy production and advanced manufacturing. The company's expansion is expected to contribute to the local economy and tax base, strengthening Kane County's skilled workforce.
References:
[1] https://www.shawlocal.com/kane-county-chronicle/2025/08/21/richardson-electronics-in-la-fox-plans-85m-major-expansion/
[2] https://www.morningstar.com/news/globe-newswire/9515746/governor-pritzker-announces-illinois-manufacturer-richardson-electronics-ltd-to-expand-operations-in-kane-county-produce-battery-energy-storage-systems
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