'It's a Relationship That's Not Going Away,' Advises Female Financial Expert

If you're a woman, chances are good that in the years ahead, it will be you and you alone who's responsible for managing your money.

That could be a problem: Even among the very affluent, many women admit they know little to nothing about bigger-picture money concerns such as financial planning and investment management, according to a recent survey.

"A lot of women cede those responsibilities to their husbands or partners because they say they don't have the time, interest or opportunity to learn," says Luna Jaffe, Certified Financial Planner™, psychotherapist, and author of the new "Wild Money: A Creative Journey to Financial Wisdom" and its companion workbook, "Wild Money: A Financial Field Guide and Journal," (www.lunajaffe.com).

"Things are changing- more women are choosing not to marry or have been devastated by divorce or death of a loved one.  They recognize they can't ignore money any more, but don't know where to turn or who to trust."

But even women with a net worth of at least $1 million concede they aren't especially knowledgeable about money management. In the Women & Wealth Study sponsored by GenSpring Family Offices, only a third said they know a lot about financial planning, and 30 percent said the same for investment management.

Part of the problem is that financial education is male-oriented, catering to how men's brains are wired and what appeals to them, Jaffe says.

"When we approach it creatively and from a more emotion-based perspective, women are not only drawn to learning about it, they have no trouble getting it," Jaffe says.

She offers these three things every woman should know about their relationship to money:

• Your investment decisions are influenced by your emotional baggage.
We all bring baggage into our relationships, and it's no different with money, Jaffe says. When you're not aware of the baggage operating quietly in the background, you may think you're making smart decisions when you're actually simply reacting to past experiences. And those might not have been even your own experiences! "Whether you or a loved one suffered the consequences of a bad financial investment, it can color your thinking in many ways, from destroying your confidence in your judgment to writing off all similar investments as 'bad.' '' Take time to reflect on the experiences you've had with investing, the decisions you made, and the conclusions you made as a result. What stories do you tell yourself because of these experiences?

•  Understand the emotional response with which you receive money, whether a paycheck, a gift or an inheritance. It's important to receive money with grace - to savor it, to be grateful for it, to be at peace with it. But depending on the circumstances by which it arrives, and lingering emotions from past experiences, we sometimes receive money with anger, guilt, resentment, greed, entitlement or any of a host of other negative emotions. This can lead to self-destructive actions. Jaffe shares a story about receiving a small inheritance from her father at a time when she had no money. She loaned the whole sum to a friend, who promptly vanished. "I was still grieving his death, and I received money that represented his legacy, yet it was only a tiny fraction of his estate - his second wife got everything else. Deep inside, I felt ripped off. Perhaps I thought by loaning my inheritance, I could wash the confusion and grief out of the money making it clean and safe to use. "

• Know your Comfort Zone for risk and stay within it. Investment comes with risks; you can assume a lot for potentially greater returns, or less for lower returns. Understanding your Comfort Zone and staying within it will help you stay committed to your financial plan. Would your best friend describe you as a risk taker? If you got $100,000 with instructions to invest it all in just ONE of these options - stocks, a savings account, a mutual fund portfolio of stocks and bonds, or your best friend's start-up - which would you choose? Knowing whether you're very conservative; happy with a little growth; comfortable with some ups and downs; or in for adventure will help you avoid taking financial advice that makes you uncomfortable.

About Luna Jaffe

Luna Jaffe is a Certified Financial Planner™ and Accredited Asset Management Specialist with more than 10 years of financial advising experience. She holds a master's degree in Depth Psychology and a bachelor's in Bilingual Education. Jaffe is a popular speaker whose creative compassionate approach to financial guidance differs sharply from male-oriented approaches. Securities and advisory services offered through KMS Financial Services, Inc.

Corporate Thought Leader Architect Shares Tips

Plug "thought leader architect" into the title field of a LinkedIn search and only one name pops up: Mitchell Levy, CEO of THiNKaha and author of the new book, "#Creating Thought Leaders Tweet," (www.thinkaha.com/experts2gurus).

"The truth is, a lot of people are trying to become viewed as 'thought leaders' because they recognize that being a well-publicized, well-respected expert in their field is good for business," Levy says.

"But most people have a hard time figuring out how to do it on their own."

Levy, who works with corporations to develop thought leaders among employees, says CEOs recognize that the wide availability of information on the internet has changed how customers do business.

"Customers are quite knowledgeable, and they get that way by using the resources available online," Levy says. "It doesn't take long before they know enough to spot a true expert - someone with vision; someone with a strong track record of success; someone who knows their field so well, they can tell you where it's going, and where it should go."

When we had only the traditional media and its well-guarded access, our thought leaders tended to be people who were already in vaulted positions, such as elected officials, CEOs of major corporations and entertainment personalities, Levy notes.

Today, thanks to the egalitarian nature of social media, anyone can become one. But many people don't know where to begin.

Levy offers these suggestions for developing your reputation as a thought leader.

• Start by zeroing in on an area of your field in which you excel. Focus on one area of your business or profession that excites you. Rather than stepping out as the consummate expert on a broad range of topics, choose one slice of your expertise that you enjoy - that you love to talk about. The beautiful thing about social media is that it caters to niche interests, which is a great way to start building your following. The more focused you can make the space you want to be a thought leader in, the easier it will be for you to reach your audience.

• Develop your own message and share it in a distinctive style. Think about who your audience is and what they want and need - remembering that they don't care about you, they care about themselves. Are there better ways to do something that everyone has been doing the same way for years? Can you solve problems or foresee trends that others seem to be blind to? Craft a message that will resonate with your audience. Share it in a distinctive, authoritative voice. Don't be afraid to show some personality. Do you need to be bigger, tougher, louder, stronger, wiser? You don't need it all, but you do need to set yourself apart.

• Create useful, valuable content that people can use. Online, you can write a blog; create video tutorials on YouTube; share nuggets of information on the various social media sites. Write a book on your topic! By constantly sharing information that solves problems for users and readers, you begin developing a reputation as knowledgeable, helpful and reliable. This should be an ongoing process - which is why you need to be passionate about it! Thought leaders make it look easy, but they work at it every day.

About Mitchell Levy

Mitchell Levy, Thought Leader Architect and CEO at THiNKaha, has created and operated 15 firms and partnerships since 1997. Today, he works with companies who are active in social media to leverage their IP and unlock the expertise of their employee base to drive more business. He is also an Amazon best-selling author with 18 business books, including the new "#Creating Thought Leaders Tweet." Levy is a frequent media guest and a popular speaker. In addition to the companies and joint ventures he has started, he has provided strategic consulting to more than 100 companies, has advised more than 500 CEOs on critical business issues through the CEO networking groups he's run, and has been Chairman of the Board of a NASDAQ listed company.

Mother of Re-Invention Shares Tips for Finding Work
that Feeds the Soul

They're called second acts, encore careers or reinventing yourself - they're the completely new and different jobs people take in midlife or later.

Today, making that jumpis more likely to be a matter of following the heart than it was during the throes of the economic recession, whenprofessionalscaught up in corporate layoffs discovered they were too old to find jobs in a poor market and too young to retire. They started second careers not to follow a vocation but to pay the bills.

"I'm glad to see the tide turning again - especially for all the baby boomers who don't want to  retire but do want to do something gratifying," says Betty Hechtman (http://BettyHechtman.com), who was on the eve of her 60th birthday when her first mystery series prompted a bidding war between St. Martin's Press and Berkley Books.

She has since published eight "cozy mysteries," including her newest, "Yarn to Go" - the first in her Berkley Prime Crime Yarn Mystery series.

Hechtman has had a lot of practice reinventing herself. She has volunteered as a farmworker on a kibbutz in Israel, waitressed and worked in retail sales, and made connections as a telephone operator, among a host of jobs.

"I've held jobs just for the paycheck and I've pursued my passions, so I know how profoundly different it is to do one versus the other," she says. "No matter what age you are, if there's work you feel called to, you should most definitely give it a try -- you may well experience a joy unlike any you've ever known."

Hechtman offers these tips for people considering an encore:

• Do your homework. There's nothing more disappointing them jumping in to something new only to become disillusioned and frustrated because you didn't take the time to prepare. If your dream is to open a particular business, research the market. Is there a demand for what you hope to sell? Should you give it a trial run as an online business before investing in shop space and other overhead? Start by checking the resources at Score.org, a nonprofit supported by more than 12,000 volunteers dedicated to helping small businesses off the ground. For other encore pursuits, you might take classes or spend a few hours a week working as a volunteer to learn the ropes.

• Join a group of like-minded people. This is particularly helpful for aspiring artists who want to paint, play music, write a book or indulge some other creative talent. You can brush up on your skills and make valuable contacts by becoming a part of a community theater, joining a writers circle, or finding a group of hobbyists. You may find your skills develop much more quickly with the support and guidance of collegial peers who are all helping one another achieve a dream.

• Consider working in one of the five most popular encore fields. Most people seek second their careers in health, education, government, environment and non-profits -- all fields expected to provide abundant job opportunities in the next couple of years, according to Encore.org, a non-profit that supports second careers "for the greater good." If you need training to qualify, now is the time to get it, Hechtman says. "Invest now in the education, and you can soon have a job that feeds the heart, the mind - and the body!"

About Betty Hechtman

Betty Hechtman is the author of "Yarn to Go," the first book in the Berkley Prime Crime Yarn Retreat mystery series, as well as the author of the best-selling Berkley Prime Crime Crochet  mystery series. The eighth book, "For Better or Worsted," comes out in November.  She has also written newspaper and magazine pieces, short stories and screenplays as well as a children's culinary mystery. She has a bachelor of fine arts degree and has been active in handicrafts since she was a small child. Hechtman divides her time between Los Angeles and Chicago.

Bipartisan amendment introduced by Loebsack added to Defense Appropriations bill

Washington, D.C. - Late last night, Congressman Dave Loebsack's bipartisan amendment to prohibit furloughs of civilian employees like those at the Joint Manufacturing and Technology Center who are funded through Defense Working Capital Funds (WCF) was added to the 2014 Department of Defense Appropriations Act. WCF employees are not directly funded by the Department of Defense.  Instead, they are funded through sales revenue, including revenue from prior years. As a result, furloughing these employees does not create direct savings for the Department of Defense. Loebsack's amendment would address the situation of men and women working at the Joint Manufacturing and Technology Center at Rock Island Arsenal who are WCF employees. Loebsack has long opposed all furloughs and voted against sequestration, which created these pay cuts. He has pushed Congress and the Administration to find a balanced, commonsense way to replace sequestration and responsibly deal with the fiscal situation facing the nation. He also supported an amendment that was included in the legislation to ban all furloughs for Department of Defense employees.

"It is unconscionable that the dedicated men and women who work at Rock Island Arsenal are being forced to take a pay cut because of Washington's dysfunction. I opposed the creation of sequestration and I oppose the decision to furlough any dedicated individuals who work every day on behalf of our troops and national security," said Loebsack. "What's more, furloughing folks like those at the Joint Manufacturing and Technology Center doesn't even create direct savings for the Department of Defense. I am opposed to all furloughs and will continue to fight to eliminate them. I am glad my bipartisan amendment was supported by the House to address the unique situation of folks like those at JMTC and to send a strong signal of support to all Rock Island Arsenal employees."

Video of Loebsack speaking on his amendment can be found here.

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DES MOINES - Senator Tom Harkin (D-IA) announced today that his aide, Alison Hart, will host a mobile office in Scott County, on Wednesday, July 31, 2013 for local residents. This event will focus on The Healthy Families Act - an effort by Senator Harkin that would allow workers to earn paid sick leave. The event is part of a statewide tour Harkin staff will host to share ideas on how to improve economic security. The mobile office tour began last month in Indianola.

Senator Harkin's staff will visit all 99 counties during this tour.  The media is invited to attend.

"Congress has the ability through meaningful policies to improve economic security for working families in Iowa and across the country," said Harkin. "Throughout the summer, my staff will visit each county and talk to Iowans about the ideas I am promoting to shore up retirement security, rebuild our manufacturing base, and ensure workers have access to paid sick leave and to a fair wage. I hope that Iowans will attend these events and share their ideas for policies that would help their families."

Senator Harkin, Chairman of the Senate Health, Education, Labor and Pensions Committee, has introduced four initiatives his staff will discuss during the tour:

Real Retirement Security: The Universal, Secure, and Adaptable ("USA") Retirement Fund. USA Retirement Funds combine the advantages of traditional pensions - e.g., lifetime income benefits and pooled, professional management - with the portability and ease for employers of a 401(k).  That will give middle class families the opportunity to earn secure retirement benefits that they take with them as they change jobs and that they cannot outlive.  Importantly, USA Retirement Funds also make it simple for employers to offer a benefit without having to take on all of the risk and administrative burden.

Allowing Workers to Earn Paid Sick Leave: The Healthy Families Act. The proposal would allow workers to earn up to 56 hours (7 days) of paid sick time per year, by earning 1 hour of paid sick time for every 30 hours worked. Workers can use this time to stay home and get well when they are ill, to care for a sick family member, to obtain preventative or diagnostic treatment, or to seek help if they are victims of domestic violence.

Raising the Federal Minimum Wage: The Fair Minimum Wage Act. The proposal would raise the minimum wage to $10.10 an hour from its current $7.25?in three steps of 95 cents?then provide for automatic annual increases linked to changes in the cost of living. The bill would also gradually raise the minimum wage for tipped workers?which currently stands at just $2.13 an hour?for the first time in more than 20 years, to 70 percent of the regular minimum wage.

Bolstering American Manufacturing: The Rebuilding American Manufacturing Act of 2013. The proposal requires the President to establish a National Manufacturing Strategy to better our resources and effectively support American manufacturing.  Senator Harkin also supports President Obama's call to create a National Network for Manufacturing Innovation, a public-private partnership to help manufacturing companies innovate, create new products, and improve the manufacturing process.

Details of the event are as follows:

Wednesday, July 31, 2013
10:00 AM - 11:00 AM
Davenport Public Library
3000 N. Fairmount Street
Davenport, IA 52804

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PLAINVIEW, NY July 24, 2013 - CSC ServiceWorks (CSC), the industry leader for multi-family laundry services and the largest provider of Pay Air Services for automobile tire inflation in North America (Coinmach and AIR-serv, respectively), announced today that it is merging its interests with Sparkle Solutions Corp. (Sparkle), Canada's third-largest laundry route operator. The merger provides CSC with a laundry-equipment presence in Canada and enables Sparkle to grow by leveraging AIR-serv's Canadian footprint.

CSC will provide its exceptional service backbone and the capital to make the investments necessary to grow Sparkle's route operations nationally. Sparkle will expand its service by opening offices in all major Canadian cities.

Regarding the merger, CSC CEO Bob Doyle stated, "I'm excited about the prospect of entering a new market in Canada. Sparkle's management team and existing knowledge of the Canadian market combined with our capital and service support, will truly make Sparkle a competitive national laundry route operator."

Sparkle COO Ray Helwig agreed: "The CSC management team has been in the industry for over 65 years and has a track record of successful expansions in new markets. They have the same core competencies as we do and are willing to go the extra mile for their clients as we have done over the last eight years."

 

About CSC ServiceWorks

CSC ServiceWorks is the leading provider of multi-family housing and commercial laundry solutions and the industry leader in air-vending services at convenience stores and gas stations. CSC's family of businesses includes Coinmach Corp., ASI Campus Laundry Solutions, SDI Laundry Solutions, Appliance Warehouse of America, AIR-serv, AirValet, and Super Laundry. CSC ServiceWorks employs more than 2,250 dedicated professionals and provides services for nearly one million air and laundry systems throughout the U.S., Canada, and Europe.

About Sparkle Solutions Corp.

Sparkle Solutions Corp. manages more than 12,500 machines in Ontario and Quebec and provides laundry equipment sales.

Sparkle is the only multi-family laundry route provider with a real-time integrated WebXpress Card System that allows landlords to view their income online, providing 100% transparency. The company is also launching its new Sparkle SINC web system : a cardless, cashless activation system.

DES MOINES, IA - Yesterday, at the 18th Biennial Convention of AFSCME Iowa Council 61, Danny Homan was re-elected as President of AFSCME Iowa Council 61 by acclamation.

"I am honored by the trust and confidence placed in me by AFSCME Iowa's members. AFSCME Iowa will continue to strongly advocate on behalf of our members, their families, and the services we provide to our communities," said Homan.

"Our Union has accomplished much on behalf of our members over the last two years. AFSCME Iowa has successfully negotiated many contracts on behalf of the employees it represents. AFSCME Iowa prevented Governor Branstad from unconstitutionally expanding his item-veto power by taking him to the Iowa Supreme Court, where AFSCME Iowa prevailed in a unanimous decision. AFSCME Iowa also successfully defended the health care benefits earned by state and judicial employees by winning a historic arbitration decision in March 2013," added Homan.

Homan was first elected in 2005 and will now begin his 5th term. Danny Homan was born and raised in Sioux City, Iowa. Homan proudly served in the United States Army from October 1971 until August 1973 as an Atomic Weapons Specialist. Danny Homan started his public employee career in June, 1984 with the Third Judicial District, Department of Correctional Services as a Residential Advisor at the Residential Treatment Facility in Sioux City.

Danny Homan started his career with AFSCME Iowa Council 61 in December 1987 as a Political Organizer. In February 1988, Homan was hired as a Union Representative serving AFSCME members in Northwest Iowa until July of 2005. In July 2005, Homan was elected President of AFSCME Iowa Council 61.

Susie Baker, a Drafter at the University of Northern Iowa, was re-elected as Executive Vice President by acclamation. Jerry Jones, a Correctional Officer at the Newton Correctional Facility, was re-elected as Secretary-Treasurer by acclamation.

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By: Marsha Friedman

Recently, a colleague asked me, "What was the most rewarding mistake you ever made in business?"

It's a great question, and I quickly had an answer for him because it was an incredibly painful mistake. However, it proved to be an invaluable lesson that has served me well in the years since. I'm sharing so perhaps you can learn it the easy way.

The lesson: Don't ever stop marketing because you think you've reached the point where you don't need to. And, secondarily, believe the old adage that warns, "Don't put all your eggs into one basket."

There's a story, of course!

Years ago, my public relations company connected with a large publishing house that served many prestigious authors. The first few of its authors we accepted as clients had such successful campaigns, we quickly became the publicity firm of record for this publisher. I thought we'd tapped the mother load! The publisher kept a steady stream of clients flowing to us, and eventually, they became about 80 percent of our business.

We were so focused on delivering for these authors that we became much less focused on getting our company name out to prospective new clients. We slowly stopped marketing. Our newsletters ground to a halt. We didn't waste time networking. We quit our efforts to get the same publicity for our company that we get for clients. Why bother? We didn't need new clients!

We had a whole basket full of beautiful perfect eggs and we were happily skipping along with it.

And then ... it broke.

The publisher ran into some serious problems with its investors and the business came crashing down. And guess who almost went with it?

Our eggs were cooked.

Faced with only a few clients and no prospects, we got busy fast and cranked up the marketing department (me!) again. It took awhile to regain the momentum we'd lost but, thankfully, we had a side business that could help pay the bills in the interim. Slowly but surely (this was before the age of social media, which really speeds things up), we built up a new list of prospects and clients - only this time from a diverse array of sources.

It was a terrible but powerful experience that demonstrated very clearly: No matter how great things seem to be going, you never stop marketing. It needs to be a constant hum because if that hum stops, you know there will be a big problem ahead.

I stopped marketing because I thought I had all the clients I needed. Over the years I've seen others make the same mistake but for different reasons. Here are a few:

One great publicity hit is a really bad reason to stop marketing. I've talked to people who believed if we could just get them on "The Oprah Winfrey Show" (before 2011) or "The Ellen DeGeneres Show," that was all they'd need. They'd be done. Yes, a big national show can give you a tremendous launch, but you won't keep soaring unless you do something to stay in the public eye. I guarantee you, there are plenty of people you never heard of who got their "big break" and then disappeared because they stopped marketing.

Most of us won't get those huge hits - and that's not a reason to stop, either. I haven't been on "Oprah" but I often hear from prospective clients that I or my business was recommended to them by someone I've never met and don't know. That's what good, sustained marketing does. It may not always create fireworks, but that doesn't mean it's not working for you.

Yesterday's story is old news. Look for fresh new ways to stay in the public eye. The publicity you get today can continue to work for you online, but eventually, it's going to be old news. We encourage our clients to post links to their publicity on their websites; it shows visitors that they have credibility with the media. But if those visitors see only publicity and testimonials that are five or 10 years old, they're going to wonder why no one's been interested in you more recently.

Just as I put all my eggs in one basket by relying on one source for clients, it's also a mistake to rely on just one marketing tool. Maximize the reach of the publicity you get in traditional media by sharing it on social media. Put a blog, or other content you can renew and refresh, on your website. Write a book. Do speaking engagements (for free, if necessary). Your audience is likely not all huddled together in one corner of the world. To reach them, use a variety of marketing tools.

Whatever it is you're promoting - your business, your product, your book, yourself - keep the momentum going. If you want people to know you're out there, you have to stay out there.

About Marsha Friedman

Marsha Friedman is a 23-year veteran of the public relations industry. She is the CEO of EMSI Public Relations (www.emsincorporated.com), a national firm that provides PR strategy and publicity services to businesses, professional firms, entertainers and authors. Marsha is the author of Celebritize Yourself and she can also be heard weekly on her Blog Talk Radio Show, EMSI's PR Insider every Thursday at 3 p.m. EST. Follow her on Twitter: @marshafriedman.

(DES MOINES) - In an effort to strengthen Iowa's trade and investment relationship with one of the world's fastest growing economies, Iowa Governor Terry E. Branstad today announced that he will lead a delegation of business leaders on a six-day trade and investment mission to India September 10-16.  The announcement was made today during a webinar on opportunities and challenges in entering the Indian market that featured the governor and U.S. Ambassador to India, Nancy J. Powell, a native of Cedar Falls.

"India's economy has transformed in the last couple of decades and is forecasted to be one of the world's largest economies in coming years," said Gov. Branstad.  "With India's tremendous growth and a burgeoning young and career-oriented middle class, it is an excellent opportunity to promote Iowa as a U.S. headquarters for Indian companies, particularly those in biotech, information solutions and advanced manufacturing, and also open new trade doors for Iowa small and mid-sized businesses."

The trade mission is being organized by the Iowa Economic Development Authority (IEDA), with support from various organizations including the U.S. Department of Commerce's Commercial Service and the Confederation of Indian Industry.  Iowa mission delegates will visit Mumbai, Hyderabad and Chennai, the country's major business and industry centers.

As part of the mission, the Governor, IEDA director Debi Durham and delegation will meet with potential investment and trade partners and government leaders in each of the cities.

While the itinerary is still being developed, Gov. Branstad is also scheduled to meet with business leaders who have expressed an interest in establishing an Iowa location and representatives from existing industry.  Iowa companies will participate in meetings specific to their market entry or expansion needs and attend daily briefings on doing business in India.  Prior to joining the mission in Mumbai, Gov. Branstad will make a brief stop in New Delhi to attend a luncheon hosted by the U.S. Embassy.

The IEDA works to stimulate foreign direct investment in the state, offers export assistance for small and mid-sized Iowa companies and coordinates international trade and investment missions and trade show opportunities for Iowa companies. Iowa companies interested in participating in the trade mission can contact Ms. Victoria Nwasike at victoria.nwasike@iowa.gov.

For more information on resources available to Iowa businesses that want to market their products or services globally, visit www.iowaeconomicdevelopment.com.

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Illinois Clean Water Initiative Will Invest Nearly $13 Million to Rehabilitate and Modernize Decatur Sewer System and Wastewater Treatment Plant

DECATUR - Governor Pat Quinn today announced $13 million in low-interest loans to update the Decatur sewer system and wastewater treatment plant. Funded through Governor Quinn's $1 billion Illinois Clean Water Initiative (CWI), the projects will help meet the clean water needs of nearly 90,000 are residents and create 160 direct and indirect jobs. This announcement is part of Governor Quinn's agenda to drive Illinois' economy forward and protect the environment by modernizing Illinois' water infrastructure.

"A region's economic and environmental strength is based on the availability of clean water," Governor Quinn said. "By making critical infrastructure investments now, we can create jobs and make sure that every person and business in the area can have the clean water access they need to live and work."

The city of Decatur will receive an $8.6 million low-interest loan to rehabilitate portions of its sewer system that have been determined to be most at risk of causing: loss of service for a large number of customers, high volumes of untreated discharges to Lake Decatur (the city water supply), significant property damage and very high repair costs in the event that they fail. Many of these critical portions of the overall 2.2 million foot sewer system were constructed very deep and are located in highly developed areas, including Lake Shore Drive.

"These loans will help city taxpayers avoid expensive emergency repairs and protect residents from harmful effects should these sewers fail," said Decatur Mayor Mike McElroy. "These are responsible investments that will pay off for Decatur for years to come."

The Sanitary District of Decatur will receive a $4.1 million low-interest loan to make a number of critical upgrades to its wastewater treatment facility located on the Sangamon River. The project will include replacing the primary digestor, which has experienced mechanical problems and surpassed its useful life, with a new digestor that will also meet new employee safety standards while increasing the plant's efficiency and further protecting the area's water supply from pollutants.

"Loans like these have been an important financing tool for the Sanitary District of Decatur for many years," Dan Smallwood, president of the Board of Trustees, said. "This investment will help us continue to update our facilities while keeping costs to residents at a reasonable level."

Together, these projects are estimated to create approximately 113 direct construction jobs for area trade union members, including laborers, plumbers, pipefitters, Teamsters, electricians, carpenters and operating engineers, as well as about 48 indirect jobs related to purchase of services, supplies and equipment. The CWI provides a local economic boost across the state by insuring adequate water and sewer infrastructure for residents and business alike and supports an estimated 28,000 jobs throughout Illinois.

"These projects will improve the quality of life for tens of thousands of residents in the Decatur area and will support the quality of life and business climate for years to come," Lisa Bonnett, director of the Illinois Environmental Protection Agency (EPA), said. "Our agency is proud to work with so many of our local government partners to protect the environment and we want to encourage more communities to get more information about the CWI and how it could help their residents."

"Governor Quinn's Clean Water Initiative is a win-win-win," Chris Meister, executive director of the Illinois Finance Authority, said. "Taxpayers save money from low-interest rate loans and thousands of men and women in the unionized buildings and trades will go to work on projects that will ensure clean safe water for their communities. On behalf of our Chairman Bill Brandt and our entire volunteer board, the Illinois Finance Authority is excited to partner with IEPA on financing these vital water infrastructure projects."

Governor Quinn launched the $1 billion Illinois Clean Water Initiative in his 2012 State of the State address to overhaul aging drinking water and wastewater treatment plants and distribution and collection systems. The CWI is funded with annual federal grants, funds from the American Recovery and Reinvestment Act and additional principal and interest from loan repayments. No new state tax dollars are used.

According to the U.S. EPA it is estimated the total water infrastructure needs in Illinois over the next 20 years total $32 billion, including $17 billion in wastewater projects (which is the 6th highest among the states) and $15 billion in drinking water projects (4th highest need in the nation).

To learn more about Governor Quinn's Illinois Clean Water Initiative, visit CleanWater.Illinois.gov.

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