Less than two weeks after J. B. Pritzker was inaugurated as Illinois’ 43rd governor, he guided a review to be conducted by the Department of Commerce and Economic Opportunity (DCEO) on the enhanced efficiency of the use of state funds for workforce training. The DCEO has 90 days for this project. Pritzker said:
“It is critical that state resources are being used to meet
the demands of the 21st Century,”
The idea is to offer new businesses capital, technical support and
mentorship. To date, 1871 – the nonprofit
Business Incubator that Pritzker helped establish in 2012 – has already generated
approximately 7,000 jobs as well as 400+ digital startups which are now in
place in Chicago’s Merchandise Mart.
And then there is the
Illinois solar revolution that is taking place throughout various parts of
the state’s open land. Various communities
are getting on board to use solar power in an effort to meet renewable energy
goals. One example of this is Aurora
which is seeking to turn half of all energy to renewable within the next
decade. Will County’s Energy and
Conservation Specialist, Sam Bluemer has described what is happening as “an
The initiator for this was the 2017 Future Energy Jobs Act
which was established – and has successfully – set up new solar programs and
incentives. One of these is the lottery
whereby developers can apply in January for renewable energy credits often
needed for viability of the projects and can be used for:
large, utility-scale solar arrays
small-scale solar projects known as
Keep posted for more exciting developments in 2019 in Illinois.
If you’re in Chicago looking to network, connect and join
others in business-related summits, where should you go next month? One place for those with green fingers is the
meeting Adding Value: Back to our
Roots. Hosted by the National Floriculture Forum on 16-17 February, click here for
On February 14 to 17th, the United States Hispanic Leadership Institute
(USHLI) is hosting its 37th annual national conference. This year’s theme is “Defend Democracy: Aquí
y Ahora” and will take place at 301 E. North Water Street, at the Sheraton
Grand Chicago Hotel. Congressman Joaquin
Castro will be one of the keynote speakers and Luis V. Gutierrez, a former
congressman, will be a speaker for the Latino Leaders Recognition and
USHLI. For registration, click here.
On March 28, there
is the Family Office Deal Flow Summit organized by ResearchandMarket.com. This is an amalgamation of family investors,
dealmakers, private businesses and more.
At the one day summit they can all work on getting a mutually beneficial
deal completed. Discussions and presentations that will take place will be on
the following subjects:
It’s amazing how much of real estate, environment and
infrastructure changes over time…and yet stays very much the same. At the moment one example of this is what has
evolved over the years at West Oakdale Avenue.
In 2005, a new landmark was designated in Chicago
within the Lakeview neighborhood. the
area between Seminary and Sheffield Streets for locals and tourists alike to check
out historical buildings. Many years ago
these were home to the Northwestern Terra Cotta Company officers founded in
1878 by John True and others which became the name in terra cotta
one of those houses – completed in 1887 – was given
the name the Henry Rokham House. that
became known as The
Queen of Terra Cotta Row and in
2012 had a market value of nearly $2.5million.
Featuring stained glass windows, brick etchings of a woman on a spinning
wheel, unique tile work, original coach house and more, it was designed by
now, for the first time in six decades one of these
properties is for sale!!! The two floor building with four bedrooms, three and
a half bathrooms, and two kitchens has a 1970s vintage feel to it. back in its day it
was known as “the absolute crème de la crème.” now
it can be yours for $699,000 to enjoy leopard print carpeting, condo sports and
more. It may be somewhat outdated and in
need of some modernization but the location and the story it tells brings it
more than charm.
can find it challenging to get back into the workforce after they have had
children. It was found that 34 percent choose
not to return to their jobs. An endeavor
in Chicago is now aiming to fix that issue.
The Mom Project – a Chicago-based
startup – is trying to reduce that figure by bringing moms to employers looking
to hire who understand and appreciate the value a mom can bring to their firm and
who will work with them to alleviate mom-based pressures.
startup is currently working with 75,000 women in this position. To date, they
have gotten 1,000 companies internationally to see if they can make a fit with
moms returning to the workforce. The mission
of the project is: “helping women remain active in the workforce in every
stage in their journey.”
of the companies the project works with include: JLL, Sapient Razorfish,
Georgia-Pacific, Miller-Coors and more.
At a recent meeting held by members of the West Garfield
Park Youth Council, a discussion took place on how to give people from impoverished
community a second chance; a subject that has traditionally been swept under
the carpet. The need to empower formerly incarcerated individuals from the
community was the focal point of the discussion.
Mark your calendars. On January 17, 2019, the Economic Outlook conference – hosted by the University of Chicago Booth School of Business – will take place. The title of the conference is ‘Trade Wars, Deficits and Inflation: Rhetoric or Reality.’ Discussion participants include: Austan D. Goolsbee, Randall S. Kroszner, and Raghuram G. Rajan who will be talking about the state of the global economy and look at what might be happening for 2019. The event is being moderated by Bloomberg’s Global Economics and Policy Editor, Kathleen Hays.
Areas of discussion include: tax cuts, deregulation, America’s approach to China trade, growth, deficits, inflation, corporate profits and more.
Even if you still haven’t gotten all your Christmas gifts, there are some great last minute opportunities for Chicago Christmas shopping. Thankfully, someone else has done the work for us on Urban Matter’s webpage, which has the ultimate guide for last minute Christmas shoppers.
Struggling to think of the perfect gift for the one who has it all? Look no further (but book quickly!) than booking a Scenic ride in Chicago’s Santa’s “Sleigh.” The Chicago Helicopter Experience this year is offering “a one-of-a-kind opportunity to take flight over the city on a panoramic Holiday Lights Tour exploring Chicago’s best destinations from thousands of feet above.”
This year’s Leapfrog Group list of 118 America’s Highest Quality Hospitals features 7 from Illinois. Chicago has four:
Northwestern Memorial Hospital,
University of Chicago Medical Center,
Amita Health Saints Mary & Elizabeth Medical Center
Amita Health Resurrection Medical Center
To gain the results the following was measured: efficiency, management structure, patient safety and quality. Performances areas investigated were: infection prevention; limiting C-sections; using technology for improved care; leadership policies and practices.
Meanwhile,efforts are being made to enhance education in the state. According to a recent statement put out by JB Pritzker, a new committee has been put in place to bolster “the educational standards for every student in Illinois from kindergarten through 12th grade up through college.
The establishment of the new committee – Educational Success Transition Committee – was announced last month at the Genevieve Melody STEM Elementary School. CEO and co-Chair of Chicago Public Schools Janice Jackson said:
“We must acknowledge the fact that not every single student in every community has access to the same education. And we intend to fix that–not only in our city–but throughout the great state of Illinois.”
At the 2018 EY Strategic Growth Forum, the advice given to the invite-only annual conference for leading US-executive leaders was based on the following key elements:
Establish a purpose
Create a solid foundation
Contemplate the future
Steve Costello summed up some more of the outcomes of the conference. He speaks about the advice given from jewelry designer Kendra Scott on the importance of setting up an advisory board. This is important, not necessarily for advice but to maintain a strong system of checks and balances. She advised:
“Report to them quarterly like a public company and have biannual planning meetings with them. We all have biases, so select balanced, deep thinkers who’ve known you a long time and can easily identify your blind spots.Like your best mentors, they’ll give you the perspective you don’t want to hear.”
co-founder of the organic baby food brand Once Upon a Farm Jennifer Garner advises using the business you establish to help fund causes dear to your heart. She explained:
“I’m in business because I’m sick of asking people for money. I … generate money by getting people to buy a product that helps them and can help someone else.” And she has proceeds of her company donated to the Ron Finley Project which provides healthy food and access to urban gardens in underserved LA communities.
Regarding stocks,it is anticipated that there will be a “modest recovery” next year mainly due to “pressure from higher interest rates and concerns about peaking earnings growth. Investing in smaller, domestically focused companies had been among the most popular strategies in 2018, as tariff tensions and a fiscal stimulus boost made them into safe havens.”
In fact, many economic experts anticipate a And in general, US economic growth is expected to be very small next year, with an even deeper drop in growth levels in the second quarter. Thankfully few believe that it is likely to result in a huge recession.
Illinois is increasingly moving toward solar power for its energy sources. The costs of the equipment used is significantly lower and the state of Illinois is so encouraging of the transition, that it offers many attractive incentives to move over.
One of the most popular solar markets today in Illinois are those that are in conjunction with farmers. In these cases, the farmers benefit too. They lease the solar companies some of their property which is used to cultivate solar energy and they get money for this as it is in place of crop growing.
The agrarians are needed to facilitate this process as they are the ones lining up the solar panels in the most efficient way to absorb the sun’s rays. The energy then gets transported to the closest power substation, being absorbed into the power supply. Ultimately this is a good business deal for landowners and solar companies.
Within Chicago itself, a recent statement given by the Sierra Club promised that they will be conjoining into a “new community coalition working to move Chicago to a 100 percent clean, renewable energy future. The Club’s Ready for 100 Action Campaign organizer Krya Woods added:
“The Ready for 100 Chicago Collective stands ready to advocate for bold policy that will bring the greatest economic, environmental, and social benefit to communities across Chicago. A new energy economy can create jobs, save money through energy efficiency and phasing out fossil fuel, and empower our residents to participate in the planning, implementation, and evaluation of strategies that will most effectively address our communities’ needs. We are here to address how we power this city and who has power in this city.”