Illinois quick hits: Pritzker praises credit upgrade; Cook County approves $20M quantum grant

Illinois quick hits: Pritzker praises credit upgrade; Cook County approves $20M quantum grant

October 23, 2025/
Spread the love

By Jim Talamonti | The Center Square
The Center Square

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.

Leave a Comment





Latest News Stories

Illinois lawmakers grill diversity commission over lack of progress

By Jared Strong | The Center SquareThe Center Square (The Center Square) -- State lawmakers expressed public, bipartisan concern again Wednesday over an Illinois commission's efforts to increase access to...
U.S. House vote on spy powers extension delayed due to bipartisan pushback

U.S. House vote on spy powers extension delayed due to bipartisan pushback

By Thérèse BoudreauxThe Center Square U.S. House Speaker Mike Johnson, R-La., is postponing a vote on a clean extension of the federal government’s electronic surveillance powers due to member pushback....
Auditors praise Trump anti-fraud healthcare proposal

Auditors praise Trump anti-fraud healthcare proposal

By Andrew RiceThe Center Square A coalition of 14 state financial leaders across the country backed a Trump administration policy to reduce fraud in health-care systems. The group of state...

WATCH: Gun owners rally at Illinois Statehouse against more gun regulations

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – Illinois gun owners are pressing their legislators to oppose gun regulations and some elected officials are on...
GOP seeks probe of $180B in fraud with taxpayers' money

GOP seeks probe of $180B in fraud with taxpayers’ money

By Madeline ShannonThe Center Square California’s Assembly Republican Caucus on Wednesday called for a special legislative session to investigate an estimated $180 billion in fraud in taxpayer-funded programs. “Fraud absolutely...
Bill advances to prevent local governments from clearing homeless camps

Bill advances to prevent local governments from clearing homeless camps

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – State law may soon restrict local governments from clearing homeless encampments from parks and other public spaces....
Bonta’s anti-Exxon emails may have run afoul of CA corruption law: Claim

Bonta’s anti-Exxon emails may have run afoul of CA corruption law: Claim

By Michael Carroll | Legal NewslineThe Center Square A Texas federal judge’s decision to allow ExxonMobil’s defamation lawsuit against California Attorney General Rob Bonta to move forward could ensnare Bonta...
Expulsion votes for two members of Congress could happen next week, Luna says

Expulsion votes for two members of Congress could happen next week, Luna says

By Bethany BlankleyThe Center Square Two more members of Congress may be forced to resign next week or face votes for their expulsion, U.S. Rep. Anna Paulina Luna, R-Florida, says....
NAACP sues xAI over air pollution near Memphis data center

NAACP sues xAI over air pollution near Memphis data center

By Alton WallaceThe Center Square The NAACP filed a lawsuit in federal court Tuesday against Elon Musk’s xAI, saying the company is illegally operating 27 methane gas turbines in Mississippi...
Trump says he's ready to nominate up to three Supreme Court justices

Trump says he’s ready to nominate up to three Supreme Court justices

By Brett RowlandThe Center Square President Donald Trump said Wednesday he is "prepared" to nominate another Supreme Court justice to the bench, should a vacancy arise. No justice has publicly...
Military hostilities in Iran continue after Senate tanks War Powers Resolution

Military hostilities in Iran continue after Senate tanks War Powers Resolution

By Thérèse BoudreauxThe Center Square For the second time in the U.S. Senate, Republicans tanked a War Powers Resolution that would have halted the ongoing U.S. military operations in Iran....

WATCH: Detransitioner battles to revive landmark malpractice and fraud lawsuit

By Carleen JohnsonThe Center Square A woman at the center of the detransition movement is waiting to find out if a North Carolina appeals court will let her case proceed...
Iran economic fallout is temporary, Hassett says

Iran economic fallout is temporary, Hassett says

By Andrew RiceThe Center Square The economic fallout of the U.S. conflict in Iran will be temporary, National Economic Council Director Kevin Hassett said on Wednesday. Hassett touted the Trump...
Illinois Quick Hits: NFIB says biz deduction will bring jobs, benefit to Illinois

Illinois Quick Hits: NFIB says biz deduction will bring jobs, benefit to Illinois

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – The National Federation of Independent Business says Illinois is projected to gain 48,000 new jobs each year...
Soaring costs and short supply shut millennials out of housing market

Soaring costs and short supply shut millennials out of housing market

By Brett RowlandThe Center Square Baby Boomers continue to dominate the U.S. housing market, buying and selling more homes last year than any other generation, while homeownership remains out of...