Illinois Rises from Last Year's Ranking; Governor Highlights Growth at Small Businesses Like Punchkick

CHICAGO - Governor Pat Quinn today announced that Illinois has moved up to third in the nation?and the Chicago area is now the number one metro market in the country for new and expanded corporate facilities. Illinois moved up two spots from last year's fifth place ranking and the Chicago region went from second place last year to first place this year, according to the annual analysis by Site Selection magazine, one of the nation's premier corporate real estate and economic development publications. Today's announcement is part of Governor Quinn's commitment to economic development and job creation in Illinois.

"Illinois is on a roll and these new rankings are proof we are making a comeback," Governor Quinn said. "With our ideal central location, our commitment to building a world-class infrastructure and recent reforms to strengthen our business climate, Illinois is near the top of the list when it comes to choosing a place to do business."

In 2013, Illinois had 383 corporate facilities locate or expand in the state, including Catamaran, Century Aluminum, Coeur d'Alene Mines Corp., CPG International, CVS Caremark, Durata Therapeutics, FER-PAL Construction, Home Depot, Mike's Hard Lemonade, Rittal Corp. and Univar. The Chicago-Naperville-Elgin metro area had 373 new or expanded corporate locations, more than any other major city in the country. Chicago had ranked second on the list the past two years.

As an example of local economic growth, Governor Quinn also announced that Punchkick Interactive Inc., a mobile commerce firm that works for many large corporations, will expand its Chicago operations and has committed to creating at least 60 new jobs within two years.

Founded in 2006, Punchkick now has about 55 employees but needs larger offices due to growth. Punchkick co-founder Ryan Unger said the company considered expanding in the Washington D.C. area to be near a major customer but chose Chicago instead. The company qualified for a tax credit under the state's Economic Development for a Growing Economy (EDGE) program.

"For Punchkick, this was about finding the best location to expand our company and serve our customers," Unger said. "The talent we need and the access to markets nationwide is right here in Illinois. Having such a wonderful culture of innovation in the Chicago region just reinforces the decision for us."

Punchkick showcases the support Illinois can provide small businesses and the company's success also represents the growth in Illinois' technology sector. Venture capital funding for technology startups rose 169 percent in the Chicago region last year, to $1.06 billion, according to the group Built In Chicago.

The new Site Selection rankings follow last week's announcement that the $320 million Digital Manufacturing and Design Innovation Institute, the first-of-its-kind digital hub with the capability to transform American manufacturing, is being established in Illinois.

To be included in the Site Selection rankings, new corporate facilities and expansions had to meet at least one of three criteria: Involve a capital investment of at least $1 million, create at least 50 jobs or add at least 20,000 square feet of new floor area. The rankings are regarded by corporate real estate analysts as "the industry scoreboard." Site Selection, published by Conway Data, Inc., is the senior publication in the corporate real estate and economic development field. The magazine's circulation base consists of 49,000 executives involved in corporate site selection decisions, most at the CEO/President/COO level.

The new rankings follow other recent data that document vitality in the Illinois economy. These reports include :

  • A study by CareerBuilder and Economic Modeling Specialists International that placed Illinois third among states in growth of business establishments. It said total establishments in Illinois rose by 18,222, or five percent, to 383,103, from 2009 to 2012.
  • The Flash Index published by the University of Illinois, measuring trends in the state's economy, stands at 107.2, its highest point since April 2007.
  • Independent analyses show that values of residential and commercial real estate are rising steadily and vacancy rates in commercial property are declining, sometimes to lows not seen in years.

"Illinois has what corporations want?a strong economy, first-rate logistics network, a highly trained and skilled workforce and a proven track record of fostering innovation," Illinois Department of Commerce and Economic Opportunity Director Adam Pollet said. "Moving up to third place in the Site Selection standings is great, but we aren't going to be satisfied until Illinois is number one on the list."

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

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By Jason Alderman

We all love a good bargain, no matter what our age. But if you're a senior citizen on a fixed income, finding discounted goods and services can mean the difference between making ends meet and going without.

The good news is that tons of senior discounts are available - often for people as young as 50. One caveat right up front: Although many senior discounts are substantial, you sometimes can find better bargains - especially on travel-related expenses like airfare, hotels and rental cars. So always do your research first before requesting the senior rate.

Here's a roundup of some of the best senior discounts I've found:

An AARP membership costs only $16 a year for anyone over age 50, including free membership for spouses or partners (www.aarp.org). AARP's discounts website features discounts on dozens of products and services including rental cars, hotels, restaurants, clothing and department store chains. AARP also offers an inexpensive driver safety course for drivers over 50 (members and nonmembers alike) that can lower auto insurance premiums by up to 10 percent or more.

Popular AARP discounts include :

  • 20 percent discount on installation or upgrades to ADT home security systems.
  • 45 percent off membership to Angie's List.
  • 20 percent off purchases from 1-800-FLOWERS.com.
  • Up to 25 percent off car rentals from Avis and Budget.
  • Up to 20 percent discount at many hotel chains including Hyatt, Hilton, Wyndham, Best Western, Days Inn and Ramada, among others.
  • 10 to 20 percent off at many restaurant chains, including Claim Jumper, Denny's and Outback Steakhouse.
  • 15 percent off many Geek Squad services from Best Buy.
  • A free 45-minute consultation with an Allstate Legal Services Network attorney, as well as 20 percent off member attorneys' fees.

A quick Google search will uncover numerous other senior discount resources. One popular site is SeniorDiscounts.com, an online directory of more than 220,000 U.S. business locations that offer discounts to people over 50. Registration is free, although they also offer a $12.95/year premium that offers members-only discounts and other perks. Other good sites include Brad's Deals, Sciddy.com and Savvy Senior.

Other commonly available senior discounts include :

  • A 15 percent discount on the lowest available rail fare on most Amtrak trains for travelers over age 62.
  • Greyhound offers a 5 percent discount on unrestricted fares (over 62).
  • Southwest Airlines offers senior fares (over 65). Although not necessarily their lowest available rates, Southwest's senior fares are fully refundable.
  • The U.S. Geologic Survey senior pass (over 62) provides free lifetime access to more than 2,000 government-managed recreational sites (including national parks), as well as discounts on camping and other amenities. Senior passes cost $10 in person or $20 by mail (http://store.usgs.gov/pass/senior.html).
  • Verizon Wireless offers discounted mobile phone service for subscribers over 65.
  • Both Walgreens and Rite Aid offer monthly senior discount days for members of their rewards programs when most non-prescription items are 15 to 20 percent off. Ask your neighborhood pharmacy if they offer similar programs.

In addition, many restaurants, department stores, movie theaters, museums, theme parks, banks, credit card issuers, utilities (including gas and electric, water, garbage, telephone and cable) and other businesses offer special discounts or promotions for seniors. Always ask before your purchase is rung up.

Bottom line: Abundant resources are available to help seniors save money on purchases large and small. You just have to do a little research - and ask whether senior discounts are available. Remember, 10 percent here and 20 percent there can really add up.

The Next Phase of the American Dream:
Growing & Preserving Your Wealth
Financial Planner Shares 3 Smart Tips for Retirement

Ever since the financial crisis of 2008, many pundits and experts have openly doubted the viability of achieving the American dream.

With homeownership, job opportunity and retirement security in decline, an Allstate/National Journal Heartland Monitor poll shows that most Americans agree with what the experts have said. Seven in 10 think that tomorrow's adults - today's kids - will have less financial security than adults today.

"There are several long-term issues we need to address, including our estimated $17.3 trillion debt, a legacy that our children are poised to inherit; but I think the United States will be stable for the next 10 years, and maybe longer if we get our financial house in order," says Stephen Ng, founder and president of Stephen Ng Financial Group, (www.stephenngfg.com).

"Many Americans who've worked their entire lives for a comfortable, if not luxurious, retirement want to know their money will be there - that's their dream."

Ng is an international financial planner with certifications in 19 states. He's passionate about teaching sound wealth practices to both clients and his community. Here are three important tips every pre-retiree and retiree should know to help preserve their wealth.

• Go to an independent retirement-planning advisor. Financial planning can be confusing. For most retirees who are not professionals, the numbers, rules and terminology can seem like a foreign language. An independent advisor, who is licensed in multiple products - insurance, annuities and more - allows for a higher degree of objectivity, tailoring options for a client's specific needs. He or she will not be bound to a corporate agenda or limited in their knowledge. Also, talk to the person who will be the architect of your financial future. Find out his or her values. How do they feel about their job? Are they patient in explaining your options? Do you trust your advisor?

• Pre-retirees: know your start-date options for retirement. Be aware that in most cases, withdrawals from tax-deferred retirement plans before age 59½ may be subject to a 10 percent federal income tax penalty. The latest date to begin required minimum distributions is usually April 1 of the year after you turn age 70½. In most cases, withdrawals are taxed as ordinary income. There are 10 common planning options, some of which are funded by employers. They are the defined benefit pension; money purchase pension; profit-sharing plan; savings plan; employee stock ownership plan; tax-sheltered annuities, or 403(b) plans; individual retirement accounts; self-employed plans; simplified employee pensions; Savings Incentive Match Plans for Employees; and annuity contracts.

• Make sure you feel good about your annuity. An annuity is a contract with an insurance company in which you make one or more payments in exchange for a future income stream in retirement. The funds in an annuity accumulate tax-deferred, regardless of which type of annuity you choose. Fixed annuity contracts are issued with guaranteed minimum interest rates. Although the rate may be adjusted, it should never fall below a guaranteed minimum rate specified in the contract. Keep in mind that annuity guarantees are subject to the claims-paying ability of the insurance company and contain fees and charges which are not limited to sales and surrender charges. All withdrawals of tax-deferred earnings are subject to current income tax, and, if made prior to age 59½, may also be subject to a 10 percent federal income tax penalty. Additionally, if purchased within a qualified plan, an annuity will provide no further tax deferral features. The contract, when redeemed, may be worth more or less than the total amount invested.

"This may be plenty of information to take in for now, but this is only the tip of the iceberg," Ng says. "Don't be afraid to ask questions. And, the more education you have about your own money, the better."

About Stephen Ng

Stephen Ng is the founder and president of Stephen Ng Financial Group™ (www.stephenngfg.com). Since 1992, he has helped pre-retirees and retirees preserve and increase their wealth by, in part, helping them avoid common mistakes. He regularly holds financial management, retirement investing and insurance planning seminars at businesses, churches and non-profit organizations. Ng is a Chartered Life Underwriter, Chartered Financial Consultant and a Certified Estate Planner. He is also an Investment Advisor Representative offering securities and advisory services through SagePoint Financial, Inc., member FINRA/SIPC. Stephen Ng Financial Group and SagePoint Financial, Inc. are unaffiliated entities. Stephen brings a national and international perspective to his financial advice, with professional and educational roots in Australia and Asia, and certifications in 19 states.

DAVENPORT, IOWA - The 2nd retailer to join Elmore Marketplace, Pier 1, opened on Tuesday, February 25, 2014. The new Pier 1 location is more centrally located, easily accessible to both the Iowa and Illinois Quad Cities, and a welcome addition to the neighborhood.

With Phase 1 of the project nearing completion, the remaining retailers are scheduled to open throughout the month of March. Heart of America Group Company officials indicated the retail line up will be completed with the opening of Banana Republic Factory Stores, Carter's, Charming Charlie, DSW, Gap Outlet, and Lane Bryant. While retailers are busy preparing for their upcoming openings, Heart of America Group is busy working on the construction of their Holiday Inn & Suites and newest creation---The J Bar, featuring high end bar fare and specialty drinks. The duo is located at the apex of Elmore Marketplace. Heart of America Group anticipates an early August opening for the hotel and restaurant.

Heart of America Group is a thirty-six year old development company headquartered in Moline, Illinois with a knack for conceptualizing, designing, developing and managing some of the most exceptional hotel, restaurant and retail developments in the Midwest.

www.heartofamericagroup.com

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-Fabulous @ 40-

MOLINE, Illinois, Feb 27, 2014 - South Park Mall is not only celebrating 40 years, it is solidifying its commitment and reinvestment into the future of the center. This key milestone is the perfect segway to not only celebrate the past but to prepare for the future enhancements for the residents in the Quad City area.

SouthPark Mall officially opened on February 27, 1974. SouthPark Mall was home to three anchors; Montgomery Ward, Petersen Harned Von Maur, and Younkers and over 65 additional retailers and restaurants. SouthPark has been expanded twice: JCPenney was added in 1978, while Sears and a food court were added in 1990. Over the years, SouthPark Mall has provided thousands of jobs to local employees, new products to the increasing shopper base and a convenient place where families could get all their shopping completed in one stop.

Today SouthPark Mall is home to over one million square feet of shopping, dining and entertainment and employs hundreds of Moline-area residents. The center is anchored by JCPenney, Von Maur, Younkers and Dillard's and offers guests over 100 retailers. Since the mall opened the community has been an integral part to the success of the shopping center and that holds true today.

The future is bright for SouthPark Mall. Recently the property shared reinvestment plans that include the removal of the food court as well as the former Sears department store. Construction is set to start in April with a formal grand opening set for November.

"We are committed to the future of South Park," said Kathy Jurgens, Property Manager, SouthPark Mall. "A fresh look, new concepts and enhanced amenities are all part of the plan to build a better shopping experience."

The community is invited to celebrate the mall's 40th anniversary with a formal ribbon-cutting that will take place on March 6, 2014, at 2:00 p.m., refreshments will be provided inside Younkers Court. Local city officials, including the Chamber of Commerce will be attending. Included in this ribbon-cutting, SouthPark representatives will display renderings of the proposed redevelopment and ask for public support of the project.

This project entails collaboration with the City of Moline and IDOT for an access ramp off of John Deere Expressway along with two new exterior entrances, plus a full scale pylon signage platform. Renewed national retailer commitment includes brand-new prototype designs of Claire's, Christopher & Banks, Spencer's Gifts, MasterCuts, Journey's, Sprint, Payless, Lenscrafters, Dairy Queen, Bath & Body Works and Shoe Dept Encore.

"This is extremely positive for SouthPark as it shows continued national retailer commitment to the center. There have been eleven remodels to date and many of these have long term commitments to SouthPark," said Aleshia Chiesa, Marketing Manager, SouthPark Mall. "SouthPark is a staple of the community and we expect to keep it an invigorating shopping experience for everyone."

For a complete listing of family-friendly activities at SouthPark Mall, visit www.shopsouthparkmall-il.com or follow us on Facebook and Twitter to receive the most up-to-date information.

Macerich is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States. Additional information about Macerich can be obtained from the Company's website at www.macerich.com.

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Washington, D.C. - Congressman Dave Loebsack today met with senior Army leaders, including General Dennis Via, Commanding General of Army Materiel Command which oversees Army arsenals, ammunition plans, and depots. Attendees also included Brigadier General John Wharton, Commanding General, Army Sustainment Command and Lieutenant General Patricia McQuistion, Deputy Commanding General, Army Material Command. They discussed the importance of maintaining a strong industrial base at the Rock Island Arsenal. The senior Army leaders joined a bipartisan group of Representatives at a breakfast meeting and discussion led by Loebsack and hosted by the House Military Depot, Arsenal, Ammunition Plant and Industrial Facilities Caucus. Loebsack, along with Congressman Walter Jones (NC-03), serve as Co-Chairmen of the Caucus.

"I was pleased to be able to host these key Army leaders this morning to continue our discussion about how to best position the Rock Island Arsenal and its critical role in equipping our troops and spurring economic development in the Quad Cities region. I will continue to advocate for the Arsenal and its workforce with Army leaders and continue to work to strengthen it for the future," said Congressman Loebsack.

The Quad City International Association of Administrative Professionals (IAAP) will be presenting a FREE Seminar on Monday, March 3, 2014 at the Western Illinois University River Drive Campus, 330 River Drive in Moline, Illinois.  The speaker will be John Sample and he will be presenting "Staying Motivated and Keeping Positive in the Workplace".  

Networking/Gathering begins at 5:30 PM, Dinner at 6:00 PM (reservation is required - meal cost is $8.00) and the speaker will begin at 6:30 PM. A short chapter business meeting will be held following the installation.

To register, please contact Marilyn McVietty by 11:00 AM by Friday,February 28, 2014 at (309) 944-6494 or email her at mcviettym@yahoo.com.

 

For more information, go to our website at www.iaap-quadcity.org/quadcity/meetingsevents

 

IAAP is the world's largest international association of administrative professionals. IAAP offers professional development, leadership training and networking opportunities for administrative professionals. IAAP is a non-profit, volunteer association.

Joining a professional organization demonstrates your commitment to your career. Work is most rewarding when we do it with enthusiasm and give it our best. Through IAAP you will gain knowledge, confidence and contacts that will help you advance professionally. IAAP works to build a professional image of administrative professionals in the workplace.

IAAP membership is open to all persons working in the administrative field, along with business educators, students, firms and educational institutions. There is no test of sponsorship required. Through IAAP qualified professionals can test for the certification rating, the benchmark of excellence in the administrative profession.

For more information please contact Kathy Riley at (309) 489-6122.

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Quinn Administration Helped Lead Application and Funded Key Components That Will Make Digital Hub Possible

WASHINGTON - Governor Pat Quinn today joined President Barack Obama to formally announce that Illinois had won a new digital manufacturing hub, supported by funding from state and federal governments and corporate partners. The hub will have a far-reaching impact on jobs across many industries and benefit small businesses across the nation. The White House announced a $70 million Department of Defense award for the Digital Manufacturing and Design Innovation (DMDI) Institute, which UI Labs will operate in Chicago. The support from President Obama, coupled with $16 million from the Quinn Administration, gives the institute the necessary funds to build partnerships with manufacturers and strengthen Illinois' economic comeback.

"Illinois is at the forefront of a high-tech manufacturing revolution that will make our state the center of high-tech job creation," Governor Quinn said. "This first-of-its-kind digital hub will make companies more competitive and stronger by providing them with the most cutting edge tools and technologies. It will be the birthplace for innovations that will change the world in which we live, work and play."

Earlier support from the Quinn Administration was essential to the launch of DMDI. In March 2013, Governor Quinn approved the investment of $60 million in Blue Waters at the University of Illinois, which provides the supercomputing power for this initiative. Blue Waters is the core of the DMDI, the key engine to generate new design, simulation and testing innovations. Blue Waters set Illinois' application apart from the other contenders for DMDI.

The Governor personally petitioned the Secretary of Defense twice and made the case to key White House officials about the benefits and importance of DMDI. The Governor brought key private sector partners into the initiative, including CAT, Deere & Company, Lockheed Martin, Boeing and many more.

Last December, the Governor joined UI Labs in announcing $5 million in state funding to support the Illinois Manufacturing Lab, a key first step in DMDI's development that helps small- to mid-sized manufacturers across the state.

Governor Quinn's administration - working with UI Labs and World Business Chicago - assembled the broad support for DMDI and directed the application for federal funding. Both the state and city of Chicago are expected to have representation on the initiative's governing board. The Illinois Science & Technology Coalition (ISTC) - a member-driven not-for-profit that serves as the state's technology advisor - also assisted with the proposal.

"We put together a powerful proposal that demonstrated DMDI's value to the federal government and to job creation throughout a broad region of the country," Adam Pollet, Director of the Illinois Department of Commerce and Economic Opportunity said. "We're going to change the face of American manufacturing and we're proud that our strategic investment in a public university is what set our application apart."

"The DMDI institute provides a strong platform to connect Illinois manufacturers with the newest digital tools and provide them the know-how to build things faster, better and cheaper than China and the rest of the world," Mark Harris, president and CEO of the ISTC said. "The vision of Governor Quinn and his leadership in connecting Illinois' world-class research, technology and manufacturing strengths around initiatives like the Illinois Manufacturing Lab were instrumental in positioning the state as the hub for this Presidential initiative."

The $320 million DMDI, with $70 million funding from the Department of Defense and $250 million from other public and private partners, will apply the newest technologies to help manufacturers try and use new innovations in digital manufacturing and design, with an emphasis on defense manufacturers. This will mean better products, faster production and lower costs for U.S. manufacturers. The $16 million state investment in DMDI includes the launch of the Illinois Manufacturing Lab, additional equipment and workforce training, and providing Illinois companies with the assistance they need to utilize the DMDI. The DMDI was made possible by a strong partnership between state, federal and city officials.

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Join the new Francesca's and Yankee Candle as they celebrate their new stores!

WHO: Yankee Candle will host a ribbon cutting and a grand re-opening in style with fun promotions, new sales and spectacular savings in their newly remodeled location at NorthPark Mall on February 28 at 10:00am. Francesca's will host a ribbon cutting and a grand opening on March 8 at 10am.

WHAT: Yankee Candle has moved and remodeled a new location next to Complete Nutrition. Yankee Candle is also celebrating their 10 year anniversary of being in the Quad Cities. They employ a team of 9 and invite the public to the open house to enjoy coffee and doughnuts in the new store immediately following the ribbon cutting.

Francesca's is in a new location across from Tilly's. Francesca's opened in 1999 in Houston, Texas and has grown to 350 boutiques in 45 states across the country. Francesca's offers an eclectic mix of carefully-curated clothing, bright baubles, bold accessories, and playful gifts that are as fun to give as they are to receive. Boutiques reveal an array of new arrivals almost daily, so you'll always discover something special and amazing on every visit.

Follow us on Twitter @NorthParkMallIA and like us on Facebook at www.facebook.com/NorthParkMallIA.

WHERE: NorthPark Mall in between Younkers and JCPenney.

Larry L. Schreiber, Davenport, Iowa, will retire from Modern Woodmen of America's board of directors effective Feb. 28, 2014.  He will remain with the financial services organization as its chief risk officer. Jerry J. Lyphout, East Moline, Ill., has been appointed to fill the board position effective March 1.

Larry has served on Modern Woodmen's board of directors since January 2011. He joined Modern Woodmen in 1984 as its chief actuary and was appointed its chief risk officer in September 2011.

Jerry joined Modern Woodmen in 1983 in the Issue Department and was promoted to systems supervisor in the department in 1985. He was named manager of the Qualified Plans Department (now Advanced Sales Department) in 1997 and president of MWA Financial Services, Modern Woodmen's broker/dealer, in 2013.  Jerry brings extensive experience working with operations, marketing and the sales force at Modern Woodmen to the board position.

Founded in 1883, Modern Woodmen touches lives and secures futures. The fraternal financial services organization offers financial products and fraternal member benefits to individuals and families throughout the United States.

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