Who is Nexamp and Why Are They Investing $2 Billion in Illinois?

An announcement was made today by Illinois Governor JB Pritzker revealing a $2 Billion investment into the state by Nexamp, but who is Nexamp?

According to the press release from the Illinois Department of Commerce, this will be Nexamp's second national headquarters and will create "50 new jobs as part of more than $2 billion in planned investments in the state through its existing projects and development pipeline."

More Than 30 Fortune 500 Companies Are in Illinois

The Climate and Equitable Jobs Act served as a catalyst to attract Nexamp to the Land of Lincoln, according to the press release,

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Their company website says that Nexamp is a company that develops and purchases "renewable energy assets at any stage in the project's lifecycle."

As solar energy companies like Nexamp expand throughout the Midwest, we see a ripple effect of job creation and skills-building that, just like clean energy itself, will benefit communities and generations for years to come. -Governor JB Pritzker

The CEO of Nexamp Zaid Ashai said that as they were searching for a location to build their second headquarters, Illinois was "the natural choice because of our mutual interest in seeing clean energy work for – and do right by – everyone."

In 2019, Nexamp opened its first office in Chicago with five team members and has grown that number to 80 team members in only 5 years.

According to the press release, Nexamp will begin partnerships with City Colleges of Chicago to "develop a fellowship program that helps create a robust employment pipeline for local students that are interested in pursuing a career in the solar industry."

CLICK HERE to read more about this $2 Billion Investment in Illinois