Business & Economy
Governor Quinn Signs Legislation to Boost Economic Development in Quad Cities PDF Print E-mail
News Releases - Business & Economy
Written by Katelyn Tye   
Tuesday, 09 August 2011 12:26

Announces Support for Northwest Illinois Company to Expand, Creating and Retaining Nearly 100 Jobs

CHICAGO – August 8, 2011. Governor Pat Quinn today signed legislation to expand the Quad Cities Regional Economic Development Authority, which will encourage greater economic development in Northwest Illinois. The Governor’s signature comes as Tennant Truck Lines, Inc. announces an expansion that will create and retain close to 100 jobs. The new law reflects Governor Quinn’s aggressive business agenda that is creating jobs in every region of the state and growing the economy.

“Powerful economic tools like this new law demonstrate our commitment to creating jobs and making Illinois even more competitive in the global economy,” said Governor Quinn. “This legislation helps local governments in Northwest Illinois to attract and develop businesses in the region, growing the economy.”

Senate Bill 1755, sponsored by Sen. Mike Jacobs (D-Moline) and Rep. Patrick Verschoore (D-Rock Island), amends the Quad Cities Regional Economic Development Authority Act by expanding the geographic area of the authority. The authority currently includes Rock Island, Henry, Knox and Mercer counties. The new area will also include Jo Daviess, Carroll, Whiteside, Stephenson and Lee counties. Senate Bill 1755 also expands the governing board of the authority from 11 to 16 by adding a member from each of the five additional counties. New members will be appointed by each of their respective county board chairs.

Illinois law gives regional economic development authorities power to issue bonds on behalf of a company to help facilitate economic development. The Quad Cities Regional Economic Development Authority focuses its development in three main project areas: manufacturing, not-for-profit and senior housing.

Governor Quinn’s signature comes as Tennant Truck Lines, Inc., a family-owned and operated transportation and logistics company located in the Quad Cities, plans to invest $3 million to merge their headquarters and logistics operations into one facility in Colona, creating 30 new jobs and retaining 65 full-time jobs. The new site will allow the company to keep existing functions in Illinois and provide room for expansion of both headquarter and logistics functions. The state will provide a more than $1 million business investment package in the form of job creation tax credits spread out over 10 years and an employer training grant to leverage the private investment.

Governor Quinn’s aggressive business agenda is creating jobs, growing the economy and encouraging economic development in every region of the state. In June, Governor Quinn awarded more than $10.4 million through the “IKE” Disaster Recovery Program to communities throughout Northwest Illinois to assist with water and sewer improvements and other critical public infrastructure needs. Through the state’s economic development agency, Illinois has a wide range of programs and services available to help businesses of all sizes remain competitive.

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Governor Quinn Signs Bill to Boost Small Businesses Owned by Illinois Veterans PDF Print E-mail
News Releases - Business & Economy
Written by Katelyn Tye   
Tuesday, 09 August 2011 12:09

New Law Helps Small Businesses Participate in State Projects

TINLEY PARK – August 5, 2011. Governor Pat Quinn today signed legislation to boost small businesses owned by Illinois Veterans. Under the new law, the state will set an annual goal of 3 percent of every state contract to be set aside for businesses owned by Veterans and service-disabled Veterans.

“Veterans who have taken the initiative to start small businesses and help create jobs should be supported when competing for government contracts,” Governor Quinn said. “We must honor the men and women who have honorably served our country. This important law further recognizes the commitment made by those Veterans who have returned home and are working to support their communities.”

Sponsored by Sen. Maggie Crotty (D-Oak Forest) and Rep. Linda Chapa LaVia (D-Aurora), Senate Bill 1270 amends the Illinois procurement code to help Veteran-owned small businesses better compete in the state bidding process. To be eligible, the businesses must be based in Illinois and be at least 51 percent owned by Veterans or service-disabled Veterans

The new law sets an annual goal of 3 percent of every state contract to go to service-disabled Veteran-owned small businesses (SDVOSB) and Veteran-owned small businesses (VOSB) with annual gross sales of $75 million or less. Larger Veteran-owned businesses can apply for an exemption if they can demonstrate that a significant number of Veteran-owned suppliers or subcontractors would benefit.

Senate Bill 1270 passed the General Assembly unanimously and was supported by the International Brotherhood of Teamsters, Veterans of Foreign Wars (VFW), JAR Consulting, American Institute of Architects – Illinois Council, American Council of Engineering Companies of Illinois, American Institute of Architects and the Illinois Department of Professional Engineers.

The new law takes effect immediately.

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LUJACK’S IS FIRST CHEVY DEALER TO INSTALL EV CHARGER PDF Print E-mail
News Releases - Business & Economy
Written by Gwen Tombergs   
Friday, 05 August 2011 10:54

(Friday, August 5, 2011) Lujack Chevy is proud to announce that they will be the first Quad City Chevy dealer to install an Electric Vehicle (EV) Charging Station. The installation will take place in the Lujack Chevy service department on Thursday, August 11, at 11:00 a.m. by a NECA member qualified local installer. A light lunch will be served

The SPX EL-50580 Voltec charging station, a Level 2 charging station, is an element in an infrastructure that supplies electric energy for the recharging of electric vehicles, plug-in hybrid (electric-gasoline vehicles) or semi-static and mobile electrical units such as exhibition stands. An average charge takes 4 hours with a Level 2 EV charger. The user finds charging an electric vehicle as simple as connecting a normal electrical appliance.

The Chevy Volt offers an initial electric range of 35 miles. Along with its onboard gas generator, the Volt will average a range of 375 miles. For an average of $1.50 a day most drivers can have a gas-free and tailpipe and emissions-free commute. The Chevy Volt was named Motor Trend Magazine’s 2011 Car of the Year.

Lujack Chevy, the Iowa Quad Cities’ only Chevy dealer, is currently taking orders for the new Chevy Volt. Early purchasers will be able to take advantage of the Federal Government’s $7500 rebate.

For more information call Gwen Tombergs, Lujack’s Marketing Director, at 563-343-2058.

“After all, we haven’t inherited this planet from our parents—we’re borrowing it from our children.” Chevrolet

 
Braley Statement on Debt Ceiling Vote PDF Print E-mail
News Releases - Business & Economy
Written by Alexandra Krasov   
Tuesday, 02 August 2011 16:32

Washington, DC – Today, Congressman Bruce Braley (IA-01) released thefollowing statement after the vote on the debt ceiling:

“The simple truth is, today’s vote is a symbol of everything that’s wrong in Washington: partisan brinksmanship, broken promises, backroom deal making, and kicking the can down the road. Enough is enough. I’ve been demanding a balanced approach of shared sacrifice from both the President and the Speaker since the beginning of the year. I’ve listened to my constituents at multiple town halls. Iowans know that when times are tough, families don’t just tighten their belts, they also take on extra jobs to increase their income. Today’s vote squarely places the burden of deficit reduction on middle class families, while demanding nothing of millionaires, billionaires and corporations making record profits. My constituents don’t agree with that, and neither can I.”

In recent months, Rep. Braley voted to cut nearly half a trillion dollars from the current budget:

He called for an immediate withdrawal of our troops in Iraq and Afghanistan, which would save over $1 trillion dollars.

He opposed the invasion of Libya, which has cost taxpayers over $700 million dollars in our 5 months of involvement.

He fought for legislation to end waste, fraud and abuse in Medicare, which would save up to $700 billion.

He opposed the Bush tax cuts,which have already cost over $1.8 trillion dollars. And last December he opposed the extension of President Bush's tax cuts to the wealthiest Americans. By not ending tax cuts for the wealthiest, we will spend another $700 billion over the next decade.

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What's the Budget Deal mean for Rural America? PDF Print E-mail
News Releases - Business & Economy
Written by Elisha Smith   
Tuesday, 02 August 2011 16:30

Center for Rural Affairs statement on debt ceiling and budget compromise

Lyons, NE - While President Barack Obama, Speaker of the House John Boehner, and other Congressional leaders worked to reach an eleventh hour compromise that would allow the national debt ceiling to increase in exchange for, potentially, as much as $2 trillion in long-term spending cuts, many in rural America continued to try to sort out what all the horse-trading will mean for their communities.

“Rural development funding for small towns and small business will face growing pressure under the federal budget agreement, which will reduce annual appropriations for all programs by nearly $1 trillion over the next decade,” said Chuck Hassebrook, Executive Director of the Center for Rural Affairs. “But rural development funding has already been cut by more than one fourth, just since 2003.”

According to Hassebrook, there is an alternative to reducing investments in the future of rural communities. “We should make the first cut by putting hard caps on subsidies to the nation’s largest farms – subsides they use to drive mid-size farms out of agriculture,” explained Hassebrook.

“The current policy of unlimited mega farm subsidies is so misguided that smart reforms could both save money AND strengthen rural America,” Hassebrook argued. “It seems like a no-brainer for both parties - cut counter productive spending first."

A 2007 Center for Rural Affairs analysis demonstrated that USDA and Congress have severely over-subsidized the biggest and most powerful farmers while consistently under-investing in rural America’s future, spending twice as much on subsidizing the 20 largest farms in each of 13 leading farm states as it invested in rural development programs to create economic opportunity for millions of people in thousands of towns in the 20 rural counties with the most out-migration in each respective state - (the full report - An Analysis of USDA Farm Program Payments and Rural Development Funding In Low Population Growth Rural Counties, a.k.a. Oversubsidizing and Underinvesting... can be viewed or downloaded at: http://www.cfra.org/node/603)

 
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