Pictured above is Federal Reserve Chairman Jerome Powell, in June 2022, announcing the first in a series of 75 basis point interest rate increases. These were bold steps taken by the Federal Reserve to help tame inflation and preclude a recession in the U.S.
Earlier this Summer, Illinois Governor JB Pritzker signed into law “Rebuild Illinois,” the state’s first capital plan in nearly a decade. The $45 billion plan appropriates funds for a comprehensive range of vertical and horizontal construction projects, statewide, over the next six years.
Next time you travel past apartments and homes in the city and suburbs, note the number of lights on from early morning to late at night.
Mellody Hobson, chairman of the Board of Trustees of the Ariel Investment Trust was recently appointed vice chair of World Business Chicago (WBC) by Chicago Mayor Lori E. Lightfoot.
Rebuild Illinois also authorizes Gaming Expansion in Illinois. SR 690, one of three bills that compose Rebuild Illinois, legalizes sports wagering and expands gaming, which will generate the funding for the plan’s vertical projects, primarily those for affordable housing, hospitals, universities, and state facilities.
Illinois’ Business Enterprise for Minorities, Women, and Persons with Disabilities Act (30 ILCS 575/) establishes, as an aspirational goal, that not less than 20% of the total dollar amount of State contracts be awarded to businesses owned by minorities, females, and persons with disabilities.
Pictured above is former U.S. President Barack Obama with England’s Prince Harry at the Inaugural Obama Foundation Summit, which kicked off construction of the Obama Presidential Library in Chicago.