Rep. Hultrgen Testifies at House Ways & Means Committee Hearing
Rep. Hultgren (R-IL) expressed strong support for the preservation of municipal bonds as a tool for financing economic development before the House Ways & Means subcommittee hearing. He also pledged to submit written testimony in support of the MAMBA to encourage improvements to IDBs.
Chicago Water Reaps Benefit of Market Hunger
Investors snapped up Chicago's $537 million water revenue bond issue in May, allowing the city to trim the interest penalty its bonds typically face. The sale was notable for Chicago in that it closes a tumultuous chapter that began last May, when Moody's dropped the city's ratings to junk.
Amazon Opening Two Fulfillment Facilities in Edwardsville, Creating 1,000 Jobs
Online retail giant Amazon announced Thursday that it would build two distribution centers in Edwardsville, bringing 1,000 new job. An Illinois Department of Commerce and Economic Opportunity spokeswoman said the state did not offer any incentives to Amazon for the Edwardsville projects.
Mark Twain Hotel to Be Renovated Under SRO Preservation Ordinance
The NHP Foundation is looking to fix up the historic Mark Twain Hotel in Chicago with the use of government funding mechanisms such as tax credits and tax-exempt bonds, making it one of the first major redevelopment projects under Chicago's Single-Room Occupancy Preservation Ordinance.
How States Stack up Based on Their Fiscal Health
Connecticut, Massachusetts, and Illinois are among the states with the worst fiscal health and provide examples of problematic strains on state and local finances, according to a report by researchers from George Mason University's Mercatus Center.
Energy Investment Partnerships: Product Offerings & Market Assessment
Factsheet 2 of the Energy Investment Partnerships covers clean energy through bond markets, credit enhancements and capital markets, property assessed clean energy, and market assessment.
Springfield, IL Seeks 12-Year Extension of Central Area TIF District
Mayor Jim Langfelder is leading the fight for extension of the Central Area TIF as vital to the long-term future of Springfield's historic core. The TIF, created in 1981, is scheduled to expire at the end of 2016.
Business Report: IL Leaders Form Non-Profit to Spur Job Creation
Gov. Bruce Rauner announced that leaders at the Illinois Department of Commerce & Economic Opportunity and business stakeholders will collaborate in organizing a newly formed private, non-profit organization focusing exclusively on increasing Illinois' competitiveness for job creation and investment.
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