Illinois has hired a financial advisory specialist – Kelly Hutchinson -- to manage its debt. Hutchinson started Monday as the state's new capital markets director, Catherine Kelly, a spokeswoman for Gov. Bruce Rauner, confirmed Wednesday. Hutchinson fills a post vacated in July by Jessica Akey, who resigned to join Standard & Poor's.

The state of Illinois is launching a pilot project of a public-private partnership that would have investors pay for services to people in need in exchange for a potential return on investment.

In an effort to create a more energy efficient East Dundee, village officials hope a newly launched grant program will spur commercial property owners and developers to invest in high performance green buildings.

Rockford has access to $500,000 in federal money for environmental cleanup. City Hall wants to use half of it to continue fixing three industrial properties it owns and hopes to someday redevelop.

Chicago's attempt to clean up a legacy of wrong-way bets on interest rates is costing taxpayers at least $270 million since Moody's Investors Service cut its rating to junk in May, city documents show.

The Intro Property Assessed Clean Energy (PACE) Finance WebCourse will delve into the process of creating a PACE program for a community from start to finish. Over the span of two days, all the pieces of PACE financing are analyzed including the bond issuance needed, enhancing investor appeal, discerning the regulatory matters, the realm of market potential and more. In the long run, the lowered utility bills and increased local jobs from PACE financing will benefit residents and businesses.

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