Improvements to Create Jobs, Make Rail Movements More Efficient

BELLWOOD - Governor Pat Quinn today was joined by U.S. Senator Dick Durbin (D-Ill.) and Union Pacific Railroad President and COO Lance Fritz to announce that the Union Pacific (UP) and the Illinois Department of Transportation (IDOT) are making a significant investment in Metra's West Line. Each will invest $45 million for the construction of a new third main line track on the UP/Metra's West Line, from River Forest to Melrose Park and then from West Chicago to Geneva. The announcement is part of Governor Quinn's agenda to create jobs and build a 21st century infrastructure that will drive Illinois' economy forward.

"Today we are investing in jobs that will help solidify Illinois' status as the premier rail center of the nation," Governor Quinn said. "This final piece of the West Line improvement program will enhance commuter and freight travel on one of our state's busiest rail lines. Building world-class infrastructure is vital to a healthy economy and today's investment will help get us there."

The West Line improvements are designed to ensure smoother traffic flow and reduce conflicts between the commuter and freight trains that share the line. Earlier projects completed by Metra and UP modernized the signal system and added crossovers to make freight movement more efficient.  A third phase on the West Line - improving the Lombard and Wheaton Metra stations - will be finished in 2015. The West Line third track construction announced today is the final step that will allow the 59 Metra trains and 70 freight trains that use the line each day to operate at the same time, a critical step to improving the line's reliability and efficiency.

The announcement was made during a celebration to mark the completion of a CREATE rail project that included the construction of a rail overpass, the rehabilitation of two passenger stations and the addition of pedestrian tunnels in Bellwood and Berkeley, and signal and track improvements along the UP/Metra West Line. The project created and supported 1,000 jobs and was funded primarily through a $52 million TIGER grant, a $27 million commitment from UP and other freight railroad partners, other federal funding of $3 million, and a $615,000 investment by the state of Illinois.

The CREATE program has completed a total of 21 projects and generated 10,000 jobs and has caused a 30 percent improvement in passenger and freight reliability. The program has been supported by a total of $500 million from the state, $450 million from the federal government, $325 million from the railroad industry and $30 million from the city of Chicago.

"Our nation's system of bridges, rail, and roads is the strength of the nation, tying us together and giving us access to the world," U.S. Senator Dick Durbin said. "Chicago remains the busiest rail hub in the United States, with more than 1,000 trains passing through the region every day. Protecting and investing in our nation's infrastructure, and specifically in Illinois' transportation network, is one of my top priorities. The CREATE project we're celebrating the completion of today created and supported 1,000 jobs while relieving congestion and delays on the most frequently used UP rail line into Chicago. As additional CREATE projects are completed, we'll see the full economic impact of the federal investments in infrastructure for which I've fought and will continue to support."

"In addition to our investments in CREATE projects, Union Pacific has invested $1 billion in private funding in our infrastructure improvements in Illinois during the past five years," Union Pacific President and COO Lance Fritz said. "The additional joint investment in the West Line improvement project - $45 million each from IDOT and Union Pacific - is critical to train operations, since the line accounts for 70 freight and 59 passenger trains a day. When completed, operations will be smoother for our customers and Chicagoland commuters, and I know outlying communities will appreciate not having freight trains staged until the morning or afternoon commuter rush hours are over."

In Chicago, Union Pacific's 2,900 employees move two million freight cars each year and serve more than 100,000 passengers each day.

"This is a new day for Metra, one in which we want to ensure that every project we execute puts commuters first," Metra Chairman Martin Oberman said. "We are confident the West Line improvements will greatly improve the commuter experience."

Chicago is the busiest rail hub of the nation, handling 1,300 freight and passenger trains every day. CREATE was started in 2003 to attract and invest funds in the infrastructure necessary to maintain Chicago's leading rail status. The rail industry has invested an additional $2 billion in capital improvements that complement its investment in CREATE.

The state of Illinois' portion of the third track project is part of Governor Quinn's $31 billion Illinois Jobs Now! program, which is supporting more than 439,000 jobs over six years. Illinois Jobs Now! is the largest construction program in Illinois history, and is one of the largest construction programs in the nation.

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Veteran Entrepreneur Shares Tips for Balancing Business and Family

Being young and inexperienced can be intimidating for stay-at-home entrepreneurs, but it doesn't mean you're making mistakes, says veteran businesswoman Renae Christine.

Fresh out of college at 23, she thought she'd done something wrong when the wholesaler for her stationery company assigned her a personal representative.

"In reality I was doing so much business with them that they wanted to ensure my satisfaction," says Christine, a serial entrepreneur who has created dozens of successful home-based businesses for herself and others. She shares practical how-to advice in her new book, "Home Business Startup Bible," (http://richmombusiness.com/).

She was the busy mother of a 2-year-old and she'd just returned home - to the mess left in the wake of last-minute packing -- when the rep showed up, she says.

"I was mortified when he walked into my home/business and he was shocked, but the experience marked my first success as an official business," she says. "It was actually the beginning of a great relationship."

Though it turned out well, Christine says her first years in business would have been much happier if she hadn't had to deal with her own painful feelings of self-doubt, embarrassment, guilt, etc.

"The good news is - no stay-at-home entrepreneur needs to feel that way," she says.

She offers these tips for maintaining professionalism in business without sacrificing - or feeling guilty about -- family.

•  Don't apologize for your kids. We need to stop apologizing for our kids' squawks and energy while we're on the phone or in meetings. Kids are kids and to them, Mommy is Mommy and their home is their home 24/7. If anything, we can all learn from our children and lighten up during business chats.

•  Don't pick up the phone when you're not ready. I used to think I had to say yes to everyone, including the telephone whenever it rang. Don't answer the phone if you're not ready to speak; if it's important, the caller will leave a message. Consider an online chat system for your website; I use a free one via craftysyntax.com.

•  Add a disclosure message to your call-answering service. My disclosure indicates the quickest way to reach me, which is chat or email. Email is quickly becoming everyone's preferred method of communication anyway, and this way, we all have a digital trail that will help us stay organized.

•  Say no and don't apologize for it. You can say no to lots of things, like PTA meetings and extra bake sales for your kids' school. When you say yes to those things, you are saying no to your business. You have to think of your new business as if you are your own boss. Would you ask your boss for a day off so you can sell cupcakes? Probably not.

•  Pick a neutral location. If you need to have business meetings in person, I suggest choosing a neutral place like a coffee shop. Don't allow them to come to your home and, if you can avoid it, don't go to their office. If you're negotiating, this can give them a home-field advantage.

•  Just say it. I continue to attend trade shows. When I tell companies that I work from home, they might give me an indifferent attitude and hastily move on to chat up a brick-and-mortar owner. I simply take my business elsewhere; I know the value of my business, and so will another vendor.

About Renae Christine

Renae Christine is the owner of by Renae Christine, a company that has launched several successful businesses and has helped launch dozens more for others. A journalist, she's known for her popular YouTube videos (search Rich Mom Business channel), which use humor and pragmatism to advise others who want to launch home-based businesses. She recently published "Home Business Startup Bible," (www.richmombusiness.com), a comprehensive how-to guide. Christine is also the founder of the Rich Mom Business University and has come into popular demand as a speaker.

CHICAGO - Governor Pat Quinn today issued the following statement on the anniversary of the Fair Labor Standards Act of 1938. President Franklin D. Roosevelt signed the landmark law on June 25, 1938, which banned oppressive child labor, set a maximum hourly workweek and established the nation's first minimum wage at 25 cents an hour. If the minimum wage had kept pace with inflation, it would be at $10.75 today.

"When President Roosevelt signed the Wages and Hours Bill into law, he gave workers benefits and protections that no other country had seen before, and put Americans on a path toward a fair standard of living.

"What was landmark legislation then is common-sense today. We know that children shouldn't be abused and forced to work. We know there should be limits on how many hours a week someone works. And we know that no one should work 40 hours a week and live in poverty.

"If the minimum wage had kept pace with inflation it would be $10.75 today. Raising the minimum wage is good for workers and good for growth. It puts purchasing power back into the hands of hardworking Americans, helps reduce poverty and strengthens the economy.

"As we work to build a majority to raise the minimum wage in Illinois, let's remember this is about dignity and decency.

"The hardworking people of our state deserve the opportunity to earn a decent living. Building an economy that works for everyone makes our state stronger and more competitive, not the other way around."

Governor Quinn first proposed raising the minimum wage to at least $10 an hour in his 2013 State of the State address. Studies conducted by the Federal Reserve Bank of Chicago show that an increase of $1 in the minimum wage generates approximately $3,000 in household spending per year, greatly improving purchasing power and strengthening our economy. Six out of every 10 minimum wage workers are female, including many single parents. Additionally, nearly two-thirds of small business owners support raising the federal minimum wage because they believe it will help the economy and in turn enable them to hire more workers, according to a recent survey conducted by the Small Business Majority.

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Bipartisan, bicameral legislation includes Loebsack's SECTORS Act

Washington, D.C. - Congressman Dave Loebsack released the following statement today urging Speaker of the House, John Boehner, to swiftly bring up and pass the Workforce Innovation and Opportunity Act (WIOA). This legislation, which would improve the nation's workforce development system, passed the Senate today by a vote of 95-3. It also includes large portions of Loebsack's SECTORS Act that links together businesses, labor organizations, local stakeholders, and education and training providers connected to a particular industry.

"The Senate did their part and now it is time for the House to do the same. Speaker Boehner needs to step up and allow a vote on the Senate passed Workforce Innovation and Opportunity Act so that it can go to the President and be signed into law. From the overwhelming bipartisan passage in the Senate, it is clear that this legislation would have the votes to pass the House. It has been over 10 years since the Workforce Development Act has been reauthorized and now is the time to give workers the kind of skills they need and employers want."

The Workforce Innovation and Opportunity Act represents a compromise between the SKILLS Act (H.R. 803), which passed the House of Representatives in March of 2013 with bipartisan support, and the Workforce Investment Act of 2013 (S. 1356). It has been over a decade since the Workforce Investment Act has been reauthorized.

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ICS Nett Inc. (ICS), an established Washington D.C. consulting firm, has launched a new division that takes a fresh approach towards Human Capital Management. David Thielen recently joined ICS and was tasked with developing and launching a service that offers small businesses, mid-size and large enterprise customers credible and qualified talent. In just two months, Thielen, with a depth of skill and experience in Human Capital Management, helped create Customer Oriented Enterprise Resources (COER). COER is a practice that has been developed based on a combination of proven industry expertise and critical success factors that have enabled ICS to exceed its goals over the last decade. By combining proprietary technology built on data analytics with deep customer and mission success knowledge, COER achieves with its approach what no other firm has been able to realize with human capital management solutions.

"We wanted to make a statement not only with what we're launching but also by how we're launching it", says Thielen, Director of COER. "COER has developed a video announcing the launch of an ideology within the corporate arena. This is something that hasn't been seen before in our space and we hope it communicates at every level our commitment to innovation, our dedication to quality, and our position as a trendsetter in human capital management."

Watch the video here: http://www.ics-nett.com/coer

The video outlines how COER takes a unique approach by focusing on the client's enterprise and by targeting companies of any size and virtually every industry including energy, healthcare, media, legal and manufacturing. "The response to the video has thus far been fantastic", says ICS Founder and CEO Khurram Shah. "It has generated a buzz internally and I'm hopeful it will generate a similar buzz nationally as clients and customers begin to realize the unique benefits of this new service."

One such benefit of COER is its proprietary tracking software that matches the candidate's skill set with the client's requirement and environment. Additionally, every candidate is interviewed by COER's Subject Matter Experts (SMEs) to ensure they meet every requirement. "Our solution is based on the needs of our partners" says Becky Lewis, VP of Human Capital Management. "We interview our partners to understand not only their specific skill set in their industry but also to learn about their unique environment to ensure our candidates will be an ideal fit for their organization long-term."

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About ICS Nett Inc.

ICS is a leading provider of innovative technologies and solutions within Intelligence, IT, ICT, Transit, Defense and Logistics markets located in Vienna, VA. ICS is an experienced company that is able to demonstrate significant expertise by partnering with its clients and by reducing the risks associated with traditionally long-term and large mission critical projects. ICS delivers success for its customers by combining carefully selected best practices and a refined agile methodology, with a mission-driven management approach. COER is the new Human Capital division targeting the entire United States to companies of all sizes. More information about ICS can be found at www.ics-nett.com

'You Need to Learn Enough to be Dangerous,' says P2P Pioneer

After the economy crashed in December 2007, nascent online peer-to-peer lending platforms quickly grew. They've since evolved into an increasingly popular investment alternative to Wall Street and other traditional options.

Peer-to-peer lending isn't new and it's no passing fad, says P2P pioneer Brendan Ross, president of Direct Lending Investments LLC, (www.dirlend.com), which runs a short-term, high-yield small business loan fund.

"It's a rebirth of the simplest and oldest way of making money: one individual loaning money to another and getting paid back with interest," Ross says.

What makes this new incarnation different is accessibility.

"Online lenders like IOU-Central and Prosper.com make it easy for prospective lenders to find and fund borrowers through a website," Ross says. "These platforms have automated the underwriting process, including checking credit and looking at applicants' bank accounts, so they can vet borrowers based on reliable information."

Each online lending platform operates differently, but all vet applicants. The lender posts qualifying requests on its website, and private investors decide which to fund, either in their entirety or in part. At Lending Club, for instance, investors can choose to lend the entire amount requested by a borrower, or as little as $25 to multiple borrowers, which adds protection if one defaults.

Investors can manually choose which loans to fund, or they can ask the platform to choose within certain parameters. Yields on a portfolio of loans can be 10 percent or more, Ross says.

He offers these tips for investors in three tiered financial levels:

•  Investing $10,000 to $24,000: Visit the Lending Club and Prosper.com websites, and choose the one that most appeals to you, Ross says.

"Open an account in a tax-deferred IRA and shift a portion of your investments out of stocks and into lending," he says.

The reason for that is interest income is taxed at a higher rate than the capital gains from stocks. Deferring those taxes until you begin spending from the IRA will help keep a lid on your current tax bill.

•  Investing $25,000 to $100,000: At $25,000, you have enough money to start getting professional advice about which loans to choose and how much to invest in each.

"I recommend going to www.lendacademy.com/invest because it's run by Peter Renton, who's very knowledgeable," Ross says. "You choose between a conservative or balanced portfolio - I recommend balanced for higher yield -- and they'll choose the loans for you and put them in your account."

The fee is just 0.95 percent.

•  Investing more than $100,000: Accredited investors have privileged access - they can shop around for private fund pools, Ross says.

"As P2P matures, borrower categories that have always had the highest yields, such as small businesses, become available as private fund pools that are managed to deliver the highest yields," he says.

These pools form mutually beneficial relationships with the P2P lending platforms, allowing the platforms to serve a larger volume of borrowers. The private funds get well-vetted borrowers from the platforms and manage the funds to the maximum benefit of all their investors.

"Everybody wins," Ross says, "including the borrowers, who get fast loans at reasonable rates."

About Brendan Ross

Money manager Brendan Ross is a peer-to-peer lending first adopter who has become an expert in this non-traditional transaction. The president of Direct Lending Investments LLC, (www.dirlend.com), which runs a short-term, high-yield small business loan fund, he previously ran a number of other companies, including ReserveAmerica, the world's largest outdoor recreation reservation company.

Since Taking Office Governor Quinn Has Achieved $220 Million in State Savings by Eliminating More Than 2.5 Million Square Feet of Leased Space - Equivalent to Emptying Out Chicago's Trump Tower

CHICAGO - As part of his ongoing budget review, Governor Quinn today announced that the state of Illinois had again cut property leases to save an additional $55 million by continuing to downsize the space it leases in the upcoming fiscal year. This brings the total savings accomplished since the Governor took office to $220 million in property leases through consolidation, elimination or negotiation - roughly the equivalent of space in Chicago's Trump Tower.

Today's announcement is part of Governor Quinn's agenda to make state government efficient and accountable to taxpayers.

"Making government more efficient and doing more with less each year is always a priority," Governor Quinn said. "That's why as part of my ongoing budget review, we are continuing to downsize and eliminate space that the state leases, which will save taxpayers an additional $55 million this year alone."

When Governor Quinn took office, he directed the state to undertake a comprehensive effort to negotiate better lease rates for offices, and to close or consolidate duplicative, outdated or unnecessary space. That effort has resulted in $220 million in savings to date, including this year's additional $55 million, and cleared out 2.5 million square feet of leased space, roughly the equivalent of Chicago's Trump Tower. In addition, state facility closures are saving taxpayers an additional $100 million annually.

Moving offices of the Illinois Department of Healthcare and Family Services (HFS) - from 32 W. Randolph St. in downtown Chicago to significantly less expensive space at 33 S. State St. saved taxpayers more than $4 million and eliminated 142,643 square feet of leased space.

Other recent lease cost-saving moves include :

·         The state is vacating two Illinois Department of Human Services (DHS) offices on Chicago's North Side, consolidating the offices into new space at 5040-5060 N. Broadway to save state taxpayers about $118,000 a year.

·         The DHS is moving from the Hay Edwards Building into the Harris Building in Springfield, saving taxpayers $1.4 million a year in lease costs.

·         Five DHS offices in Charleston, Tuscola, Shelbyville, Paris and Effingham are moving into one new office in Charleston, saving state taxpayers $119,000 a year.

Since taking office and inheriting decades of mismanagement, Governor Quinn has enacted major reforms that are saving taxpayers billions of dollars. The Governor has saved taxpayers more than $3 billion by overhauling Illinois' Medicaid system, cutting Medicaid spending and rooting out waste, fraud and abuse. He also passed comprehensive pension reform that will save taxpayers more than $140 billion over the next 30 years.

Additionally, the Governor negotiated a historic contract with Illinois' employee unions that includes $900 million in savings for Illinois taxpayers. The Governor also enacted comprehensive worker's compensation reform that has saved state taxpayers more than $40 million to date. The state workforce is the smallest it has been in decades, with 4,000 fewer state employees than we had five years ago. All things included, over the last five years, Governor Quinn has cut state spending by more than $5.7 billion.

To build on this progress, Governor Quinn is proposing a five-year blueprint to secure the state's finances for the long-term and invest like never before in education and early childhood. The blueprint includes a historic $6 billion increase in classroom spending over the next five years, doubling the investment in college scholarships for students in need and increasing access to higher education through dual enrollment and early college programs. The Governor's plan was lauded by all three bond-rating agencies for its comprehensive approach to paying down bills, stabilizing the state's finances and enacting spending restraints.

For more information on Governor's Quinn's budget cuts please visit:

http://www2.illinois.gov/gov/budget/Documents/Cuts_to_Budget_FY09-FY15.pdf

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Washington D.C. - Congressman Dave Loebsack (IA-02) and Congresswoman Cheri Bustos (IL-17) today announced that the Bi-State Regional Commission based in Rock Island will receive $169,884 for regional economic development planning. The Bi-State Regional Commission is comprised of Muscatine and Scott Counties in Iowa and Henry, Mercer, and Rock Island Counties in Illinois. The funds come from the Economic Development Administration's (EDA) Partnership Planning grant program.

"I am pleased that the Bi-State Regional Commission received this funding to continue their important work of developing and implementing a comprehensive economic development strategy for the region," said Congressman Dave Loebsack. "We must focus on growing our economy and putting folks back to work. Investing in economic development planning, rural development and supporting public-private partnerships will both help strengthen the regional economy and promote job creation."

"I'm pleased to announce this important investment in the economy of our region," said Congresswoman Cheri Bustos. "Today's investment will continue our goal of fostering collaboration to create jobs, bolster our manufacturing sector, grow our economy and contribute to a thriving middle class."

Specifically, this funding will support the development and implementation of a comprehensive economic development strategy (CEDS) in the region. The CEDS process is designed to bring together the public and private sectors in the creation of an economic development roadmap to diversify and strengthen the regional economy.

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Pilot Program Has Resulted in 18 Startups Actively Pursuing Partnerships with Five Leading Illinois Corporations

CHICAGO - Governor Pat Quinn today was joined by CEOs from some of Illinois' top companies and rising startups to announce the successful results of the inaugural "Corporate-Startup Challenge" program. The pilot program, conceived by the Illinois Innovation Council and managed by the Illinois Science & Technology Coalition (ISTC), has resulted in 18 startups actively pursuing partnerships with leading Illinois corporations. The partnerships vary by company, but include investments, contracts and mentorships. These partnerships with leading corporations are critical to the long-term success of the startups. The initiative is part of Governor Quinn's agenda to drive innovation and create jobs throughout Illinois.

"This innovative challenge is helping solve an important piece of the entrepreneurship puzzle - connecting startups with often inaccessible large corporations," Governor Quinn said. "This gives the startups important experience and business, while helping these large corporations continue to innovate and stay competitive in the global marketplace. This will create jobs and drive innovation throughout Illinois."

Participating corporations Allstate, John Deere, Molex Inc., Motorola Mobility and Walgreens first identified areas for potential collaboration. Then, they examined startups that had been referred through a network of more than 30 universities, incubators, accelerators, associations and not-for-profits. Connections were created between the corporations and promising entrepreneurs during "Demo Day" events.

On the heels of this successful pilot program that was launched last summer, Governor Quinn announced the kickoff of the second round of the Challenge with corporations ADM, Exelon Corporation and Hyatt Corporation.

"Illinois corporations are relying more than ever on technology and innovation to stay relevant and globally competitive," Illinois Innovation Council Chairman Brad Keywell said. "Connecting corporate leaders with innovative entrepreneurs helps those leaders address their own challenges, and opens the door for these emerging companies to gain feedback and expand their businesses."

More than 200 startups were referred to the program, and 62 of them were matched to at least one corporation. Of the 45 that were selected to present at one or more of the Demo Day events, 50 percent received engagement beyond the Demo Day and 18 remain in some form of ongoing partnership, including startups Servabo and SimpleRelevance with Allstate, Ploughman Analytics with John Deere and SiNode Systems with Motorola Mobility.

"A start-up like SiNode Systems can learn and grow from an introductory pitch to a corporation, but the Corporate-Startup challenge provided us with a much more meaningful gateway," SiNode Systems co-founder and CEO Samir Mayekar said. "Thanks to our participation in this effort, SiNode has had the opportunity to learn directly from Motorola Mobility's top battery engineers and we have now established key relationships to help us build value and create more high technology jobs in Illinois."

"As part of our global product development efforts and interest in supporting Illinois economic growth, Molex was a natural fit for the inaugural Corporate-Startup Challenge program," Molex Inc. Vice President of Marketing and Communications Brian Krause said. "The program team did an outstanding job at the front end, understanding our technology requirements and innovation direction and marrying those with entrepreneurs and startup companies - including those from the state's research universities - who were looking for a compatible growth strategy. We are very optimistic that the partnerships developed will prove valuable to Molex and the startup organizations."

"Illinois' differentiator is our diverse corporate community, which plays a central role in driving and supporting innovation, especially as customers to emerging Illinois businesses," ISTC President and CEO Mark Harris said. "The Corporate-Startup Challenge demonstrated the mutual value of better connecting the state's entrepreneurial community with these corporations and we look forward to continue growing the program with even greater participation and engagement."

Corporations and startups interested in learning more about the Corporate-Startup Challenge should visit IllinoisInnovation.com.

About the Illinois Innovation Council

The Illinois Innovation Council (IIC) is a diverse group of leaders convened by Governor Quinn to promote engagement, innovation and economic development. Its mission is to identify and advance strategies that foster and accelerate the innovation and economic growth that will create the jobs of today and tomorrow. For more information, visit illinoisinnovation.com/illinois-innovation-council.

About the Illinois Science & Technology Coalition

The ISTC is a member-driven, non-profit organization that harnesses the power of research and innovation to grow the state's economy. Created by the state of Illinois more than 20 years ago and with the support of the Illinois Department of Commerce and Economic Opportunity, the ISTC drives public-private partnerships between industry, research universities, federal labs and government to increase research and technology-based investment, talent, awareness and job growth in Illinois. For more information, visit istcoalition.org/.

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Iowans are no strangers to working hard. We have a deep history of working full-time, labor intensive jobs in order to provide for ourselves and our families.

The minimum wage has been hotly debated in recent years, but the simple truth is that if the minimum wage was restored, 300,000 hard-working Iowans would receive a pay raise ? a statistic that's more than just a number. It's stability for Iowa families and economic growth for our state.

[...]

For generations, American workers have believed that hard work pays off. Today, unfortunately, many of those who work the hardest are living paycheck to paycheck. That's why I am calling on my colleagues on both sides of the aisle to work together and pass the Fair Minimum Wage Act, which restores the minimum wage to $10.10, and gives America's working class a better chance at improving the lives of themselves and their families.

Full article: http://www.press-citizen.com/story/opinion/contributors/guest-editorials/2014/06/23/hard-working-iowans-deserve-pay-raise/11244909/

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