Plan Eliminates Unfunded Liability by 2042;

Changes Will Save Taxpayers Billions

 

CHICAGO - April 20, 2012. Governor Pat Quinn today announced a bold plan that secures public workers' retirement while fixing the state's pension problem that has been created over decades of fiscal mismanagement. The proposal is expected to save taxpayers $65 to $85 billion based on current actuarial assumptions. The changes will lead to greater certainty in Illinois' business climate, respond to concerns from ratings' agencies regarding the state's unfunded pension liability and support the continuation of the state's capital plan that is putting hundreds of thousands of Illinois residents back to work. The Governor's proposal follows weeks of discussion by the Governor's pension working group.

 

"Unsustainable pension costs are squeezing core programs in education, public safety and human services, in addition to limiting our ability to pay our bills," Governor Quinn said. "This plan rescues our pension system and allows public employees who have faithfully contributed to the system to continue to receive pension benefits. I urge the General Assembly to move forward with this plan, which will bring a new era of fiscal responsibility and stability to Illinois."

 

Illinois' pension system is now under-funded by $83 billion due to decades of inadequate funding by past lawmakers and governors, and the promise of increased benefits without sufficient revenue to pay for those benefits.   Under Governor Quinn, as annual required contributions increased dramatically, the state paid exactly what the law required into the pension systems. The fiscal year 2013 payment, $5.2 billion, now makes up 15% of general revenue fund spending compared to 6% a few years ago.

 

The Governor's proposal provides for 100% funding for pension systems by 2042 and makes the following changes to the current plan:

 

·         3% increase in employee contributions

·         Reduce COLA (cost of living adjustment) to lesser of 3% or ½ of CPI, simple interest

·         Delay COLA to earlier of age 67 or 5 years after retirement

·         Increase retirement age to 67 (to be phased in over several years)

·         Establish 30-year closed ARC (actuarially required contribution) funding schedule

·         Public sector pensions limited to public sector employment

 

In consideration for the changes above, employee pay increases will continue to be counted in the calculation of their pension and employees will receive a subsidy for their health care in retirement. The state can no longer provide current levels of both pensions and retiree healthcare to employees upon retirement.  Currently 90% of retired state employees pay nothing for their healthcare costs.  States comparable to Illinois in size and demographics provide little to no assistance for retiree healthcare costs.

The Governor's plan also calls for phasing-in the responsibility for paying normal costs of pensions to each employer, including school districts, community colleges and public universities.

 

This plan reflects the discussions of the working group.  The working group continues to work in an effort to find full consensus on all elements of the proposal. Members of the pension working group include Sen. Mike Noland, Sen. Bill Brady, Rep. Elaine Nekritz and Rep. Darlene Senger.

 

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Company to Relocate from Virginia and Create 90+ Illinois Jobs

 

CHICAGO - April 17, 2012. Governor Pat Quinn today announced that Lafarge North America is investing approximately $10 million to relocate its U.S. headquarters from Virginia to Illinois. Lafarge, one of the largest cement, aggregate and concrete manufacturers in the world, will create more than 90 jobs in Illinois in the first two years and likely more than 100 jobs over three to four years. By moving its U.S. headquarters to Illinois, Lafarge will gain access to Illinois' pool of highly-skilled workers, world-class transportation infrastructure and central location. Governor Quinn personally recruited Lafarge and met with its senior leadership during a recent economic trade mission to Europe.

 

"Illinois is one of the best places to do business in the world," Governor Quinn said. "Our message to large and small business-owners is simple: We want you in Illinois and we have everything you need to grow your business in our state. Today we welcome Lafarge and tomorrow we look forward to more global corporations choosing Illinois."

 

Prior to selecting Illinois for its new U.S. headquarters, Governor Quinn hosted Lafarge at a business investment luncheon with several other European-based companies during his recent economic development trip to Europe in March. The Governor also met one-on-one with senior leadership at Lafarge to pitch Illinois as the best location for its headquarters by highlighting Illinois' world-class transportation infrastructure and highly skilled workforce. The state is also providing a targeted business investment package worth about $6.3 million over 10 years to leverage the company's private investment. The package will support job training for workers and economic development, and is contingent on the company meeting its investment and jobs numbers.

 

In 1983, Lafarge North America became a subsidiary of Lafarge SA, one of the world's largest suppliers of construction materials, and has operated, directly and indirectly, in the United States and Canada. Lafarge  North America has grown to become one of the largest cement manufacturers in the United States, and a significant producer of aggregates (including crushed stone, sand and gravel), as well as gypsum wallboard. Since 1987, Lafarge North America's headquarters has been in the Herndon/Reston area of Virginia. The company is investing approximately $10 million to relocate its headquarters to the Chicagoland and is expected to open the headquarters this fall. Lafarge CEO John Stull attended today's announcement.

 

"As a leader in the building materials industry, it is important to us to be close to our operations and to our customers to help provide them with sustainable construction solutions. The location around O'Hare and along the I-294 corridor is an ideal area for us because it is central to our U.S. footprint. We also appreciate Illinois' commitment to other sustainable infrastructure projects, which will bring long-lasting value to your citizens," said John Stull, CEO for Lafarge North America's U.S. Cement and Aggregate & Concrete operations. "We thank Governor Quinn and the state of Illinois for welcoming us and we look forward to becoming part of the dynamic Chicago business community," continued Stull.

 

Lafarge North America in the United States employs approximately 4,500 people, with approximately 300 employed in Illinois. Lafarge is eligible for an Employer Training Investment Program grant to help increase the skills of its workforce and Economic Development for a Growing Economy tax credits, which are based on job credits. The Illinois Department of Commerce and Economic Opportunity (DCEO) will administer the state's targeted investment package.

 

"Lafarge North America's relocation to Illinois shows that our state has what companies need to grow," said Illinois Department of Commerce and Economic Opportunity Acting Director David Vaught. "Illinois has one of the largest economies in the world and with companies like Lafarge, we're going to advance our global competitiveness."

 

Under Governor Quinn's leadership, DCEO has worked diligently to identify and aggressively court companies like Lafarge that are looking to relocate and/or expand their North American presence. Illinois ranks first in the Midwest as a destination for foreign investment and has already attracted 1,597 foreign firms with 6,416 locations, which employ 323,362 Illinois residents. The governor will continue to build on this success by playing a key role in marketing Illinois' world-class attributes abroad and personally meeting with companies to recruit them to Illinois.

 

For more information on why Illinois is the right place for any business, visit www.illinoisbiz.biz.

 

 

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Serve.Illinois.gov Connects Volunteers with Opportunities

Across the State

SPRINGFIELD - Monday, April 16, 2012.  Governor Pat Quinn today joined the Illinois Department of Human Services (DHS) and the Serve Illinois Commission in encouraging Illinoisans to give back to their communities by volunteering during National Volunteer Week, April 15-21, 2012.  Those who are interested in volunteering can find a resourceful search portal that connects them to over 100,000 volunteer opportunities throughout Illinois by visiting Serve.Illinois.gov.

 

"Service to others is the rent we pay for our place on earth," Governor Quinn said. "National Volunteer Week is the perfect opportunity to give back, set a great example for others and work together to strengthen our communities."

 

According to the Volunteering in America Report, last year nearly 2.8 million Illinoisans gave back through churches, non-profits, businesses, little leagues, scout troops and countless other organizations.  They volunteered 378.5 million hours, or about 34.8 hours per person.  This service equates to over $8.4 billion in economic impact.  Along with time, a majority of Illinoisans gave at least $25 to a local charity.

 

"We believe that service is one of our State's greatest resources," Scott McFarland, deputy director of the Serve Illinois Commission on Volunteerism and Community Service, said. "We envision an Illinois where everyone recognizes their ability and responsibility to help strengthen their communities by volunteering."

 

Research shows that communities with higher rates of volunteering see decreased crime, improved governmental services and higher educational achievement among other things.  In addition, evidence supports the idea that those who engage in their communities on a regular basis live longer, healthier and more fulfilling lives.

 

The Serve.Illinois.gov website is a project of DHS and the Serve Illinois Commission: "Building Stronger Communities Through Service."  More information and volunteer opportunities can be found at Serve.Illinois.gov.

 

 

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Tax Preparation Assistance Program Helps Working Families File on Time

CHICAGO - April 10, 2012. One week away from the April 17 tax filing deadline, Governor Pat Quinn today urged working families to learn about tax relief available to them in Illinois and get the assistance they need to file their taxes. The governor continued his drive to get the word out about Illinois' EITC at Harold Washington College, which serves as a tax assistance center organized by the Center for Economic Progress (CEP). CEP President and CEO David Marzahl joined the governor and representatives from Walmart, who also announced a major donation to CEP to provide free financial services to working families.

""Too many families do not receive the tax relief they deserve simply because they don't have the information and means to access it," Governor Quinn said. "We want our working families to know about the Center for Economic Progress and Illinois' Earned Income Tax Credit, which will support economic growth and help them keep more of what they earn."

Earlier this year, Governor Quinn championed and signed a tax relief law to help working families across the state and grow the Illinois economy. The Illinois Earned Income Tax Credit law doubles the state's Earned Income Tax Credit (EITC) over two years, saving low-income workers an extra $105 million per year and helping almost a million families who filed it. The new law also benefits all Illinois taxpayers by raising the value of the personal exemption and indexing it to inflation.

To benefit from Illinois' EITC, also known as the Earned Income Credit (EIC), taxpayers must include it on their tax returns. While more than 2.5 million state residents benefited from the Illinois EITC in 2010, many people who are eligible for the state's EITC don't file for it. The not-for-profit CEP estimates that between 10 and 20 percent of eligible taxpayers did not file for EITC last year. At the event, representatives from Walmart announced a $50,000 donation to CEP to provide more free tax preparation and other financial services to low-income working families.

"At the Center for Economic Progress, it's our mission to continue providing important tax and financial services to hard-working, low-income families in Illinois," said Dan Nielsen, Chairman of the Board of Directors at the CEP. "That's a mission made possible because of the investments of companies like Walmart and the ongoing support of Governor Quinn."

"Giving back to the communities where our Illinois associates live and work is part of our commitment at Walmart. We know we can make the greatest impact on our communities through the support of causes right here in our own backyard," said Walmart Vice President and Regional General Manager Karisa Sprague. "We are pleased to support the Center for Economic Progress and the work they do in assisting low income working families. The free financial assistance they provide to families is an invaluable service."

 

The CEP Tax Counseling Project provides free tax preparation assistance at tax assistance centers across the state. Their services are provided free of charge to families making less than $50,000 annually and to individuals with yearly incomes under $25,000. More than 28,000 Illinois taxpayers filed returns through the program in the 2010 tax season, with more than $50 million in state and federal tax refunds returned to clients.

For more information on the Tax Counseling Project, contact the Center for Economic Progress in Chicago at 312-630-0273, or its toll-free statewide number 888-827-8511 or visit its website www.economicprogress.org. For information on the Tax Assistance Program call 312-409-1555 or 312-409-4318 (Spanish). Details are also available on the IDHS website at www.dhs.state.il.us and the Department of Revenue website at www.revenue.state.il.us. Information about filing federal taxes online can be found at www.irs.gov.

About the new Illinois EITC Law:

The new law marked the largest increase in Illinois' EITC since its inception in 2000, by phasing in a 5 percent increase over two years. The law boosts the state's EITC from its current level at 5 percent of federal EITC, to 7.5 percent in tax year 2012 and 10 percent of federal EITC in tax year 2013. More than 2.5 million state residents benefited from the Illinois EITC in 2010.

Under the new law, a single mother with one child, earning minimum wage ($12,800 a year), will save $154 on her taxes. A married couple with three children earning $30,000 a year will save $199 on their taxes this year.

Uniquely pro-growth and pro-family, the EITC is available only to those with earned income and provides incentive to work as well as much-needed tax relief to the lowest-income families. EITC also boosts local economies through increased consumer demand. A 2006 Brookings Institution study found that every dollar a family saves through this tax credit translates into $1.58 of activity in local economies.

 

The law also improves the value of the standard personal exemption for all taxpayers in Illinois and ties its continued growth to the rate of inflation. The personal exemption will increase by $50 (to $2,050) in tax year 2012, and the value of the exemption will be indexed to the cost of living adjustment each tax year thereafter. The personal exemption change benefits all taxpayers, regardless of income.

 

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Project Will Pave Way for NTN-Bower Corporation Expansion; Create 80 New Jobs

MACOMB, IL - April 6, 2012. Governor Pat Quinn today announced a $1.4 million roadway improvement project along Bower Road in the city of Macomb. The project supports economic growth in West Central Illinois by paving the way for NTN-Bower Corporation to expand its Macomb facility, creating 80 new jobs over the next two years.

"Illinois has one of the best transportation networks in the country, and we are committed to strengthening our infrastructure," Governor Quinn said. "This project will help ensure the city of Macomb and the entire West Central Illinois region can continue to compete and attract investment."

"When I visited NTN-Bower a few months ago, I was impressed by its strong leadership and potential for growth. Strengthening the infrastructure around this growing company is the right thing to do. By upgrading the roads to manage the increased heavy truck traffic in the area, the state of Illinois and the federal government are helping to lay the groundwork for the company's expansion and the good paying jobs it will create," said U.S. Senator Dick Durbin (D-IL).

The roadway project includes widening and resurfacing an intersection of Bower Road and U.S. 136 (Jackson St.), adding signals, a south leg, and a turn lane for traffic on U.S. 136. Work also involves extending the right storage lane for southbound traffic on Bower Road and resurfacing a shoulder northward on Bower Road to support increased traffic brought on by NTN's expansion.

NTN, a manufacturer of tapered and cylindrical roller bearings, is investing $100 million to construct a new plant directly east of their existing operations at 711 North Bower Road in Macomb.  Additional production lines will also be purchased and installed in the new plant. The new plant will be approximately 200,000 square feet and will create 80 permanent, full-time jobs. Construction on the building is scheduled to begin in May 2012, with completion slated for April 2013. Roadway construction is expected to begin in mid-August 2012, weather permitting, and is scheduled to be complete by the end of November.

"I am pleased NTN-Bower's expansion will receive funding from the Community Development Assistance Program, the Truck Access Route Program, and the Economic Development Program.  This expansion will create jobs, which is my top priority," stated Sen. John Sullivan (D-Macomb).

Funding for the project is made possible through nearly $1.2 million in grant funds from the Illinois Department of Transportation's (IDOT) Economic Development Program and Truck Access Route Program. The city of Macomb also received a $231,000 grant through the Illinois Department of Commerce and Economic Opportunity's (DCEO) Community Development Assistance Program.

"The city of Macomb is grateful for the funding assistance provided by the Illinois Departments of Commerce and Economic Opportunity and Transportation for improvements to U.S. 136 and Bower Rd," said Macomb Mayor Michael Inman. "These improvements were important in securing the expansion of NTN-Bower's operations in Macomb. The funding will allow Macomb to meet the increased demand for traffic volume, brought about by NTN's expansion."

DCEO administers Illinois' CDAP program, which is known nationally as the Community Development Block Grant (CDBG) program, and provides federal funding for a variety of community-based projects to communities with populations of 50,000 or less.

"This project demonstrates the power of federal, state, community and private partnerships," said Antonio R. Riley, HUD's Midwest Regional Administrator. "We are pleased to see CDBG funds being leveraged to create jobs and spur economic development in Illinois."

The purpose of IDOT's Economic Development Program (EDP) is to provide state assistance in improving highway access to new or expanding industrial distribution or tourism developments, and to create new employment opportunities. The department's Truck Access Route Program (TARP) is combined with funding for Economic Development Program projects and helps local governments upgrade roads to accommodate 80,000 pound truck loads.

For more information on why Illinois is the right place for any business, visit www.illinoisbiz.biz.

 

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Free Illinois JobLink service boasts nearly 92,000 statewide job postings; more than 51,000 resumes

 

CHICAGO - April 4, 2012. In his latest effort to boost the Illinois economy, Governor Pat Quinn today announced a new "help-wanted" system that connects job-seekers with jobs and makes hiring easier and more cost-effective for businesses. Illinois JobLink, developed by the Illinois Department of Employment Security (IDES), allows businesses to post job ads and individuals to post multiple resumes for free. Currently, there are nearly 92,000 total statewide job postings and more than 51,000 resumes posted on the system.

 

"We can increase economic growth in Illinois by connecting people who are looking for a job with employers who are looking to hire," Governor Quinn said. "During this difficult economy, Illinois JobLink is helping workers market their job skills and allowing employers to successfully find the help they need at no cost."

 

Illinois employers including Aon, Chrysler and Ford, have used Illinois JobLink to search for resumes and potential employees. Comparable private job boards can cost employers hundreds of dollars, and studies show that businesses prefer the key word search function to find employees with the unique skills that are needed. Using Illinois JobLink (www.illinoisjoblink.com), employers can create want-ads that require specific skills or search resumes using keywords such as salary, educational attainment and location. In turn, job seekers can create multiple resumes that emphasize their variety of skills.

 

"Hiring is time-consuming and expensive for employers. Illinois JobLink makes hiring easier by allowing employers to focus in like a laser on job seekers that possess the unique skill sets that they need," IDES Director Jay Rowell said. "It also helps our working families identify what job best fits their needs and puts them in a better position to pitch themselves to multiple employers at one time."

 

Illinois JobLink also pulls want-ads from Indeed.com, the largest employment site in the United States. Indeed.com collects postings from thousands of websites, including newspapers, associations, company career pages and job boards. Nationally, more than 550,000 jobs are available on Illinois JobLink.

 

While the Illinois JobLink service is available to everyone, including those who are currently employed, individuals collecting unemployment insurance are required to participate in Illinois JobLink. It also serves as another tool to connect veterans to jobs when they return home.

 

"We in the veteran advocacy community are excited by what Illinois Job Link offers to veterans," Illinois Veterans Affairs Director Erica Borggren said. "Helping employers find veterans is one of the most difficult pieces of the veteran unemployment 'puzzle,' and all job-seeking veterans can benefit from this powerful tool which allows the State's Veteran Employment Representatives to match veterans and employers."

 

Illinois JobLink replaced the previous Illinois SkillsMatch system and individuals and businesses with SkillsMatch accounts are encouraged to update their profiles, which were automatically transferred to the new system. IDES encourages job-seekers to set their resumes to public to ensure maximum exposure to businesses.

 

The state's comprehensive approach to helping match job seekers with employers is complemented by Illinois workNet® (www.illinoisworknet.com), a workforce development system administered by the Illinois Department of Commerce and Economic Opportunity (DCEO).  Illinois workNet utilizes partnerships and technology to expand seamless and real-time access to employment resources, including assistance with hiring and training employees, recruitment services, and tax incentives to keep local Illinois businesses competitive. As of January 2012, the Illinois workNet portal has more than 234,000 individual, workforce and business accounts.

 

As Illinois'' employment agency, IDES works with employers to fill vacancies in several ways including hosting job fairs, providing interview space and connecting job seekers with ready-to-hire employers. Providing soft-skills training to job seekers, such as skills assessment, resume review and interview techniques can be combined with other training courses available through more than 60 workNet centers across the state. This multi-agency, collaborative approach identifies the skills needed by businesses and helps job seekers obtain the skills needed to meet those needs. For more information, visit http://www.ides.illinois.gov/.

 

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Group Will Develop Recommendations to Increase Trade Opportunities and Business Investment in Illinois

 

CHICAGO - April 3, 2012. Governor Pat Quinn today convened the first meeting of the Illinois Export Advisory Council. As part of Governor Quinn's commitment to strengthen the Illinois economy and create jobs, the group will work with the Governor's office and recommend strategies to increase trade and business investment in Illinois. Governor Quinn announced the group as part of his growth strategy during his 2012 State of the State Address.

 

"We have brought together some of the most successful business and economic leaders in the country with the single mission of advancing Illinois' growth in the global economy," Governor Quinn said. "Illinois goods and services are among America's best, and our council will bring that message to the world."

 

Following the meeting, the Governor and members of the council called on Congress to pass the four-year reauthorization of the Export-Import Bank (Ex-Im Bank) and raise the limit on Ex-Im's loan portfolio. The Ex-Im Bank has financed exports since 1934, but could close in May without the reauthorization. Over the past five years, the bank has assisted more than 280 Illinois companies, 67 percent of which are the small- and medium-sized businesses that are crucial to Illinois' economic growth.

 

Chaired by Navistar Chairman and CEO Daniel C. Ustian, the Council will work to increase exports by providing recommendations on state and federal policies and programs, with the goal of maximizing Illinois' competitive strengths in the international marketplace. Council members will also serve as international ambassadors for Illinois. Members will work to promote Illinois firms and the inherent advantages Illinois can offer countries seeking trade opportunities. The group's initial discussions today centered on Illinois' current trade landscape, opportunities to expand trade, and diverse strategies to drive export growth and open up more global markets to Illinois companies.

 

The council consists of 21 top Illinois CEOs and private sector leaders that drive international trade for Illinois (complete listing is attached).

 

"Creating the environment for Illinois business to grow requires trade policies and practices that make it easy to access the expanding global marketplace," said Ustian. "Today's meeting is a great example of the public and private sectors coming together for a common goal.  We now have a robust structure in place to gather input from Illinois businesses - from the smallest start-ups to the Fortune 500 - and will move forward with our work to increase exports from Illinois throughout the world."

 

Governor Quinn has been one of Illinois' most active governors when it comes to promoting Illinois on the world stage, recently returning from an economic trade mission to Belgium where he met with key business and economic leaders from countries within the European Union. Also last month, he attended the Canadian Restaurant and Foodservices Association (CRFA) trade show, which is the leading foodservices and

hospitality event in Canada, to promote Illinois' foodservices industry, as well as tourism and life sciences industries. The Governor also led a trade mission to China last fall that resulted in $370 million in new business agreements for Illinois-based companies.

 

Next week, Governor Quinn will travel to Washington D.C., where he will meet with Brazil President Rousseff and nine governors from Brazil. The Governor will lead a trade mission to Brazil later this year.

 

Governor Quinn has set an ambitious goal for Illinois to double exports by 2014. Illinois saw a $14.5 billion increase in exports in 2011, representing a nearly 30 percent increase over 2010, which was nearly double the nation's average growth of 16 percent. January 2012 represented a 12 percent increase over the same period in 2011, compared to the national average of 7.4 percent. Illinois is the sixth largest exporting state in the nation and ranks number one between the coasts for exports and foreign direct investment. There are nearly 1,600 foreign firms in Illinois employing more than 323,000 Illinois residents.

 

The Governor's aggressive focus on harnessing and promoting the strength of Illinois companies abroad will have a significant impact on job creation at home.  According to the latest U.S. Department of Commerce estimates, reaching Governor Quinn's goal of doubling exports by the end of 2014 will result in the addition or retention of nearly 230,000 jobs in Illinois.

 

More information about Illinois trade and business opportunities can be found on the Illinois Department of Commerce and Economic Opportunity's website at www.illinoisbiz.biz.

 

 

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Governor Secures State, Federal Resources to Help Southern Illinois Families, Businesses, and Local Governments Recover from Tornado

HARRISBURG - April 2, 2012. At the direction of Governor Pat Quinn, the heads of a number of state agencies today announced in Harrisburg up to $13 million of financial aid and construction projects to help families, businesses and local governments recover from the deadly tornado that ravaged several Southern Illinois communities on Feb. 29. The package put together at the Governor's instruction includes reimbursements to local governments for some of their disaster-related expenses, road improvements, grants to help homeowners repair or rebuild damaged homes, and low-interest business loans to create jobs and help businesses recover.

"This assistance package offers real solutions for the long-term recovery effort in Harrisburg and other communities," Governor Quinn said. "Recovery from this tornado won't happen overnight, but these resources will help residents and businesses of hard hit areas in Southern Illinois begin to rebuild their lives."

Following FEMA's denial of assistance for people affected by the tornado on March 10 and denial of an appeal on March 21, Governor Quinn moved quickly to secure support for people and businesses through the U.S. Small Business Administration (SBA). That request was approved the following day, and the SBA began meeting with people interested in the low-interest, long-term loans on March 23.

"In the weeks since the severe storms and tornadoes hit Southern Illinois in February and early March, I have met with representatives from federal, state, and local emergency management agencies to discuss the ongoing recovery efforts in Harrisburg, Ridgway and surrounding areas," said U.S. Senator Dick Durbin (D-IL).  "I will continue to work with Governor Quinn and the Illinois Congressional Delegation to seek further opportunities for federal assistance to help these communities rebuild."

In addition to the SBA loans, the state's multi-agency relief package includes:

  • Assistance from Illinois Department of Commerce and Economic Opportunity (DCEO) - Up to $5 million from the Community Development Assistance Program (CDAP) will pay for public infrastructure improvements, housing rehabilitation and reconstruction efforts. In partnership with Ameren Illinois, another $1 million from the Energy Efficiency Trust will fund energy efficiency incentives through Ameren's Act on Energy program to benefit customers affected by the disaster. Additionally, DCEO will make as much as $750,000 in Workforce Investment Act grants available to cover wages for dislocated workers to participate in disaster cleanup and structured work-based learning.
  • Assistance from Illinois Finance Authority (IFA) - Up to $2 million in U.S. Department of Agriculture-Rural Development (USDA-RD) business loans will be available through IFA under a relending in Gallatin, Saline and Williamson counties. Loans from a minimum of $50,000 up to a maximum of $250,000 may be used for the purchase of land, construction or renovation of an industrial or commercial building or purchase of machinery and equipment. The IFA will partner with local banks to market the program to local businesses hurt by the recent storms and tornadoes.
  • Assistance from Illinois Department of Transportation (IDOT) - Twenty-one municipal road improvements in Harrisburg will be completed at an estimated cost of $1.58 million.
  • Assistance from Illinois Emergency Management Agency (IEMA) - Reimbursements up to $1.5 million to affected local governments for some of their disaster-related expenses will be made through the state's Disaster Response and Recovery Fund, which supports emergency response and recovery efforts.
  • Assistance from Illinois Housing Development Authority (IHDA) - IHDA will commit up to $1 million in federal HOME Funds using the Single Family Owner Occupied Rehabilitation (SFOOR) Program. Up to $40,000 per household in forgivable non-payment loans will be made available to homeowners in affected areas. The funds can be used to build or renovate destroyed or damaged homes.
  • Delta Regional Authority - Governor Quinn secured $400,000 in federal funding to reimburse local governments for expenses related to debris removal.

"Ameren Illinois is delighted to partner with the Illinois Department of Commerce and Economic Opportunity to help make recovery a little easier for residents of the Harrisburg and Ridgway areas," said Michael Moehn, Ameren Illinois senior vice president of customer operations. "Through our ActOnEnergy® program and the Warm Neighbors Cool Friends Home Repair Program, residents will be able to receive the financial assistance they need to meet the highest energy efficiency standards as they repair and rebuild. This will allow them to save money today and in the years to come."

Governor Quinn has directed his staff to continue to work with local, federal and non-governmental agencies to secure additional support for families in the affected areas.

This assistance package is in addition to nearly $1.4 million of in-kind state assistance already provided to the affected region. Shortly after the tornado stuck, Governor Quinn surveyed the damaged area and activated the State Emergency Operations Center to coordinate the deployment of state resources and personnel in support of local response and recovery efforts. The state's response included large deployments from IDOT, the Illinois Department of Corrections and the Illinois State Police, as well as assistance from several other state agencies and mutual aid organizations.

"The state of Illinois has been a trusted partner with us since the day the tornado struck," said Harrisburg Mayor Eric Gregg. "Recovery after a disaster of this magnitude isn't easy. This state assistance package will give our recovery efforts a significant boost. I appreciate Governor Quinn's continued commitment to helping our communities recover."

Governor Quinn directed state officials to start developing the state assistance package immediately after the state's request for FEMA assistance for individuals and subsequent appeal were denied. The administration has been exploring all possible opportunities to deliver relief and assistance to Southern Illinois' impacted communities.

Additional information about the state's response efforts is available at www.Ready.Illinois.gov.

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Berwyn Event to Connect Families Facing Foreclosure with
Resources to Help Keep Their Homes

 

CHICAGO - March 30, 2012. As part of his commitment to affordable housing and foreclosure prevention, Governor Pat Quinn today encouraged Illinois families facing foreclosure to attend the Illinois Foreclosure Prevention Network's first "Keep Your Home, Illinois" workshop. Held Saturday, March 31 from 9 a.m. to 2 p.m. in Berwyn, the workshop will connect struggling homeowners with in-person assistance, resources and knowledge to help them keep their homes.

 

"Helping families stay in their homes is essential in keeping our communities strong and our economic recovery moving forward," Governor Quinn said. "The Illinois Foreclosure Prevention Network is a one-stop-shop that connects families facing foreclosure with the most up-to-date information and free housing counseling to help them navigate their options."

 

Announced in the Governor's State of the State address, the Illinois Foreclosure Prevention Network (IFPN) is a multi-agency effort coordinated by the Illinois Housing Development Authority (IHDA). The statewide program gathers all resources available to homeowners to ensure that families facing foreclosure can access the assistance they need in one stop. The IFPN provides access to counseling services, legal advice, mortgage payment assistance programs, foreclosure preven­tion events and tips on how to avoid mortgage fraud.

 

The Berwyn event is the first of six regional, IFPN "Keep Your Home, Illinois" foreclosure prevention workshops around the state. The IFPN's resources are also available 24-hours a day online at KeepYourHomeIllinois.org, and from 8 a.m. to 8 p.m. weekdays and 9 a.m. to 1 p.m. on Saturdays at the IFPN's free hotline 1-855-KEEP-411 (1-855-533-7411).

 

Foreclosures adversely impact too many Illinois families and communities. Illinois is consistently ranked among the top 10 states with the highest number of foreclosures. In 2011, 103,003 homes in Illinois received a foreclosure filing, or one in every 51 homes - ranking the state eighth in the country, according to RealtyTrac.

 

The Chicago area has the nation's largest inventory of foreclosed homes. According to RealtyTrac's inventory records, as of December 2011, there were 96,996 properties that were bank-owned or in some stage of foreclosure in the Chicago metro area.

 

"You just don't know until it hits you what a disaster your life can become when you can't pay your bills," local homeowner Regina Bailey, who was recently approved for temporary financial assistance through the Illinois Hardest Hit Program, said. "You go through program after program, but you never know about most of them unless someone tells you. Then all of a sudden you feel okay because you have hope. That's what the Governor's Illinois Foreclosure Prevention Network has done for me."

 

Working with a housing counselor doubles a homeowner's chances of getting a loan modification and, once their loan is modified, foreclosure counseling reduces their chances of re-default by 67 percent.

 

"There are many benefits to working with an IFPN housing counselor," said Mary Kenney, executive director of the IHDA. "Our counselors have access to numerous state and federal programs, and can direct homeowners toward the best program to suit their individual situations. The entire purpose of the network is to collect resources in one place, helping struggling homeowners save valuable time and resources as they work to keep their homes."

 

"We are proud to be one of the 68 counseling agencies providing services under the network," Ofelia Navarro, executive director of the Spanish Coalition for Housing, said. "Governor Quinn understands that homeowners have difficulty understanding and keeping up with which foreclosure prevention programs are available to them. Now more than ever, as the number of programs increase, homeowners need guidance to choose the best option for them."

 

Under Governor Quinn, the Illinois Housing Development Authority (IHDA), Illinois Department of Financial and Professional Regulation (IDFPR) and Illinois Department of Employment Security (IDES) partnered to establish this free, one-stop collaboration of state agencies and nonprofit organizations to help Illinois residents access resources so that they can remain in their homes.

 

The Illinois Housing Development Authority (www.ihda.org) is an independent, self-supporting bonding authority that finances the creation and preservation of affordable housing throughout Illinois. Since 1967, IHDA has allocated more than $10.6 billion to finance more than 215,000 affordable housing units for the residents of Illinois. IHDA sells bonds independently, based on its own good credit, to finance affordable housing in Illinois.

 

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Trip to Support Illinois Tourism, Trade and Business Investment

 

BRUSSELS, BELGIUM - March 21, 2012. Governor Pat Quinn today departed on an economic and jobs trip to Brussels, Belgium where he will seek to expand Illinois trade, tourism and business opportunities. In addition to participating in several events organized by NATO in advance of this spring's summit in Chicago, the Governor will address a trade conference sponsored by the European Union (EU) to strengthen ties between Illinois and Europe. He will also host a business roundtable with current Belgium businesses that invest in Illinois, potential investors, and business leaders and associations.

 

The trip builds upon Governor Quinn's aggressive goal to double exports by the end of 2014, and is the first gubernatorial trade mission to Europe in 13 years.

 

"We want the world to know that their trip to America starts in Illinois," Governor Quinn said. "We'll showcase Illinois' tremendous economic assets before an international audience and we'll bring back more trade opportunities, tourism and business investment to Illinois."

 

Governor Quinn will begin his visit by opening the Chicago Exhibit at the NATO Headquarters to promote Illinois to the world in advance of the NATO summit being held in Chicago May 20-21. Later that day, he will deliver remarks at the EU Transatlantic Conference, hosted by the American Chamber of Commerce, where he will focus on opportunities to grow European Union and Illinois trade. Governor Quinn is committed to expanding Illinois' international trade and helping businesses bring more products to global markets.

 

In front of the conference featuring high-level officials from the EU and the private sector, the governor will discuss the benefits of increasing trade with Illinois and the key role exports play in economic growth. Other keynote speakers at the event include EU Trade Commissioner Karel De Gucht and Ambassador João Vale de Almeida, Head of the European Union Delegation to the United States. The EU is an economic and political partnership between 27 European countries.

 

Also during his visit to the European capital, the Governor will host a business roundtable, where he will sit down with current Belgian investors, potential investors, and business leaders and associations from Belgium and Europe to discuss opportunities to increase investment in Illinois. He will conclude the day with a dinner hosted by the U.S. ambassador to NATO where he will encourage attendees to come to Illinois in advance of the NATO meeting in May and stay late to explore our state's many visitor attractions.

 

Brussels is the capital of Belgium and Europe, where representatives from 27 EU member states reside. In addition, the city is home to the European Commission, the European Council and the European Parliament. Significant decisions on trade and investment are made in Brussels, and working groups such as the TABD (Transatlantic Business Dialogue) and TEC (Transatlantic Economic Council) are both extremely active in the city.

 

The European Union and Belgium are both key trading partners for Illinois. Illinois was the first U.S. state to establish a foreign office in Brussels 44 years ago in 1968. In 2011, Illinois exports to the EU grew by over 27 percent, totaling nearly $11.5 billion. Belgium is Illinois' ninth largest trading partner, receiving more than $1.65 billion worth of Illinois exports in 2011, a 42.7 percent increase over 2010. Top industries include industrial machinery, vehicles and chemical products.

 

European companies' investments in Illinois are the largest from any region in the world, with countries such as the U.K., Germany and France serving as top investors. Countries within the European Union have 723 firms with 3,476 locations in Illinois, employing more than 183,137 Illinoisans. Some of those companies include Siemans Industry, T-Mobile USA, Deutsch Bank, Philips Electronics, Chrysler-FIAT SPA and Volvo Group of North America to name a few.

 

More information about Illinois trade and business opportunities can be found on the Illinois Department of Commerce and Economic Opportunity's website at www.illinoisbiz.biz.

 

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