The $100,000-to-$500,000 opportunities outlined in the announcement are working-capital loans, not grants. Specific interest rates, repayment schedules and an overall funding total for the partnership were not provided in the announcement or interview. #sda #steansfamilyfoundation #southlanddevelopmentauthority
It cited limited access to capital, lengthy permitting processes and other bureaucratic barriers as obstacles that prevent businesses from surviving or expanding. #alexigiannoulias #chicago
The project marks the culmination of nearly five years of planning and collaboration between QuikTrip, the City of Kankakee, the Economic Development Agency of Kankakee and various state and local partners. #kankakee #quicktrip #development
State leaders described the investment as a significant step in positioning Illinois as a national leader in emerging technologies, while also expanding economic opportunities in historically underserved communities. #jobs #ibm #southside
“The rest of the world is starting to capitalize on what we have long known to be true: Illinois is the best place to live, work, and raise a family,” Pritzker said, pointing to the state’s central location, infrastructure, and workforce as key advantages. #jobs #investments
We are a community that celebrates success together — and stands shoulder to shoulder in times of need. The same strength that drives economic opportunity is the strength that carries us through adversity. #oped #senatorpatrickjoyce #march
State officials framed the announcement as a significant win for Illinois’ economy and a signal of continued momentum in attracting large-scale employers. #illinois #hyundai #jobs
State officials said the project reflects broader economic momentum, noting Illinois’ $1.2 trillion gross domestic product and improved business climate rankings in recent years. #laboratory #investments #ribboncutting
Illinois’ incentive program offers tax credits for local labor and production spending and has been credited with attracting major productions. #film #development