Chicago will be the site of a digital manufacturing institute backed by $70 million in federal money and another $250 million in private and other government funding, as it bested several other regions of the country in a competitive bidding process run by the Defense Department.

Presented at the Illinois Financial Forecast Forum, this report provides a summary of information related to the types of incentives offered in Illinois, how Illinois' taxation and incentives compare to other states, and provides sources where additional information and viewpoints can be obtained.

Fitch Ratings affirms the 'F1+' rating on Northwestern University's (Northwestern) $260.8 million of outstanding Illinois Finance Authority adjustable-rate revenue bonds and $300 million taxable commercial paper (CP) program ($130 million currently outstanding).

Elk Grove Village trustees heard more than an hour of testimony at a public hearing on a proposed tax increment financing (TIF) district in the village's business park, much of it opposing creation of a TIF. Mayor Craig Johnson said the village would be taking a harder look at its liberal granting of Class 6B property tax incentive recommendations.

A new economic impact study commissioned by the Association to Invest in the USA (IIUSA) finds that the U.S. EB-5 immigrant investor visa program contributed $3.39 billion to U.S. GDP and supported over 42,000 U.S. jobs during fiscal year 2012. This is more than a 2-fold increase from the average annual impact result reported in 2011.

May 7, 2014 - Chicago, Illinois
Join the CDFA Illinois Financing Roundtable for a one-day conference on "Leveraging Assets, Maximizing Resources and Building the Illinois Economy." This event will feature a number of economic development finance experts from around the state discussing new development finance tools, authorities, resources and approaches, and how these can affect the Illinois economy going forward.

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This presentation is a look at FY 2014 Economic Forecast and Revenue Estimate along with FY 2013 Revenue Update presented by the Commission on Government Forecasting and Accountability at the Illinois Financial Forecast Forum, where industry leaders presented on pertinent economic and financial issues affecting local governments in Illinois.

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