Proceeds of the negotiated sale will finance capital projects through the Illinois Jobs Now program. The deal will be Illinois's second since lawmakers in December broke years of political gridlock to bolster the worst-funded U.S. state pension system, intended to save $160 billion over 30 years.

The investments were made under the Illinois Department of Commerce and Economic Opportunity (DCEO)'s Community Development Assistance Program, which targets areas with populations of less than 50,000 that are outside of urban counties. Most of the money is for design work on water and sewer lines, with a portion dedicated to emergency needs.

The Bond Buyer reports that states will be allowed to issue 5.2% more of private activity bonds in 2014, freeing money for projects that would otherwise be ineligible for tax-exempt financing. Included are graphics demonstrating the volume cap changes from 2013 to 2014 by state.

Rather than wait for economic development, the Kirkland Village Board in Illinois is putting tax increment financing dollars to work as part of a proactive effort to spur downtown revitalization and growth in the community.

Interested in bringing your organization to the forefront of hundreds of economic development finance professionals in the state? Consider sponsoring the CDFA Illinois Financing Roundtable in 2014.

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MarySue Barrett with the Metropolitan Planning Council gave this presentation on Cook County's work with TOD and Land Banking and what affect it had on real estate values.

Details and eligibility for the expanded Jobs Creation Program are highlighted in this overview of the program from the State of Illinois.

Erik Birkerts from Clean Energy Trust explains the need for seed capital in the energy industry in order to commercialize emerging technologies. Clean Energy Trust provides a variety of resources and competitions to help finance new energy technology in the Midwest.

This special report from Illinois Biotechnology Industry Organization is a methodical report focused on assessing the impact of biotechnology on Illinois and the Midwest. The report highlights Illinois' position as a key player in the Midwest biotech cluster which encompasses agriculture feedstock and chemicals, drugs and pharmaceuticals, medical equipment, research, and more.

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