The village board conducted a public hearing regarding the proposed issuance of $3.3M in Industrial Development Revenue Bonds to finance the acquisition of land, construction of the manufacturing facility and installation of equipment for Cargo Equipment Corp.

Gov. Pat Quinn announced a $45M state relief package Wednesday to help local governments recover from tornadoes that ravaged central and southern Illinois last November. The multi-agency package came after FEMA denied an appeal from the state for federal disaster assistance.

Moody's Investor Service rated the city's upcoming $388M bond issuance at Baa1 with negative outlook, down from A3, a level set last year after an unusual triple downgrade. The new rating is still investment grade, but on a lower tier.

Morton Grove's three TIF districts are a key tool for spurring economic development, say leaders. One is doing well, the second has pretty much done its job and will expire in 2017, and the third is new and has relatively little to report.

Chicago Infrastructure Trust Executive Director Stephen Beitler walked the Emanuel-appointed board through the possibility of soliciting private investment to replace thousands of aging city street lights. Newer, more energy efficient lights could lower the city's electricity bills by 50% to 80% and investors could be paid back through the savings the city realizes.

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 economic impact analysis was prepared by S.B. Friedman for DuPage County, forecasting the employment and roadway impacts induced by the O'Hare Modernization Program (OMP), airport expansion, increased air traffic, and streamlined operations.

Advantage Illinois posted the list of participating lenders for the state's SSBCI programs which includes contact information for lenders accepting applications on a rolling basis.

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