Illinois quick hits: Pritzker praises credit upgrade; Cook County approves $20M quantum grant
Pritzker praises credit upgrade
Moody’s Investors Service has upgraded Illinois’ credit rating to A2 for the state’s general obligation bonds.
Gov. J.B. Pritzker celebrated the news, saying it reflected the state’s continued commitment to growing the economy and maintaining fiscal stability.
News of the upgrade comes exactly one month after Pritzker ordered state agencies to identify efficiencies and reductions.
Cook County approves $20M quantum grant
The Cook County Board of Commissioners have approved a $20 million grant to the University of Illinois Board of Trustees to fund costs associated with the purchase and installation of a cryogenic facility at PsiQuantum, the anchor tenant of the Illinois Quantum and Microelectronics Park.
PsiQuantum has received hundreds of millions of dollars in tax incentives from Illinois, Cook County and city of Chicago governments.
Building initiative applications open
The Illinois Housing Development Authority and the Local Initiatives Support Corporation announced that individuals may now apply to be part of the 2026 class of the Next Gen Capacity Building Initiative.
The program is designed for emerging developers to gain knowledge in the Low-Income Housing Tax Credit industry. Next Gen applications will be accepted through Dec. 4.
Showers And Thunderstorms Likely
Latest News Stories
Analysts: Redistricting to cost taxpayers, while slowly shifting election outcomes
Trump honors fallen service members, vows Iran will not obtain nuclear weapon
Stephen Colbert returns to community show after final ‘Late Show’ appearance
Illinois dual office holding debate intensifies amid Calumet funding, ethics concerns
School choice Yass Prize awards continue, $20M worth of grants awarded nationwide
U.S. sees progress in Iran talks, Tehran says no deal yet
Frankfort Fire District Approves $260,517.79 in Bills, Reappoints Fire Commissioner Dauber
Frankfort Park District Updates Vehicle Policy on Take-Home Use
Frankfort Approves $1.1 Million in Fleet Upgrades and Sewer Infrastructure Contracts
Everyday Economics: History doesn’t repeat, but the Fed Is hearing an echo
Illinois DHS appointment sparks backlash over alleged voter registration mailer practices
Arctic defense begins in Galveston after Memorial Day
Illinois Quick Hits: Pritzker urges megaprojects support for Bears
