Market participants are increasingly contemplating the impact of the state's potential fall to junk. From the buyside's perspective, such a drop would both sting the state's reputation and drive up borrowing costs as investment grade accounts are forced to shed the state's paper and forgo further purchases.

A grant of almost $50,000 will help Twin City area families increase their energy efficiency and financial stability. Mid Central Community Action (MCCA) received the award of $49,953 from Ameren Illinois to assist clients who are part of MCCA's Income Support Program.

The Kendall County Board voted 5-4 to allow the county to loan local governments - including the county - money through its economic development revolving loan funds. Those voting against the measure said they didn't know the parameters of the loans to governments before voting on the measure.

The proposal effectively rebrands the EDGE program under the Business and Employment Development Tax Credit Act. The measure would cap total credits at $50 million annually and set a five-year duration for each credit. The proposal would also expand awards to include companies who retain workers.

One of the only freight facilities to take advantage of a 12-year-old federal private activity bond program is readying its fourth round of financing. The CenterPoint Joliet Terminal Railroad LLC plans to place up to $150 million of unrated Surface Freight Transfer Facilities Revenue Bonds as soon as this spring.

No sooner did Invest Aurora announce the formation of the new revolving loan fund for renovating older buildings in Aurora, and announce its first recipient, than it came forward with the potential second and third recipients.

The Starved Rock Country Alliance has secured funding to open a regional SBDC. It will replace the Small Business Development Center which closed in 2016 after operating for more than 30 years. The closure came after the Community College announced it was no longer able to host the center.

Join the CDFA Illinois Financing Roundtable for a special one-day conference hosted at the offices of Seyfarth Shaw LLP.. This event will feature a number of economic development finance experts from around the state discussing development finance tools, authorities, resources and approaches, and how these can affect the Illinois economy going forward.

This course brings TIF deal-making and best practices into focus through a two-day program targeting the entire TIF community including economic developers, public agency representatives, bond issuers, legal professionals, developers, financial advisors, and other stakeholders. 

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