Investment Announcements

Read Illinois Treasurer investment announcements about new investments, partnerships and opportunities that support the state’s financial goals and economic growth.

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Treasurer Frerichs Bill to Help Nonprofits Increase Investment Opportunities Is Now Law

Bipartisan support in House & Senate, Governor’s input and signature helped make this legislation possible SPRINGFIELD – Illinois State Treasurer Michael Frerichs’ measure to expand investment opportunities for non-profit organizations across the state is now law after Gov. JB Pritzker recently signed the bill. Senate Bill 2968 creates the Non-Profit Investment Pool, a safe and efficient investment option allowing eligible nonprofits to make the most of available funds while reducing administrative burdens. The law is intended to help nonprofits strengthen…

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Shermann Dilla Thomas speaks at a microphone as Treasurer Frerichs and another man watch

Illinois Treasurer Michael Frerichs Unveils New Investment Program to Build Affordable Housing

$10 Million Partnership with IFF Helps Nonprofits, Generates Investment Returns for State Illinois Treasurer Michael Frerichs today unveiled a new community investment program designed to build affordable housing, help nonprofits, and generate returns for the state. Frerichs invested $10 million with IFF, a Chicago-based Community Development Financial Institution that promotes economic development by providing financing and real estate consulting across the Midwest to nonprofits and people underserved by traditional financial institutions, particularly in low-income communities. On Tuesday, Frerichs highlighted one…

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Treasurer Frerichs Wins Approval of Bill to Help Nonprofits Increase Investment Opportunities

Bipartisan support in both chambers and thoughtful input from the Governor’s Office helped make this legislation possible SPRINGFIELD – Illinois State Treasurer Michael Frerichs thanked members of the General Assembly today for passing Senate Bill 2968 and expressed gratitude to Governor JB Pritzker’s office for its collaboration in advancing legislation that expands investment opportunities for non-profit organizations across Illinois. The legislation creates the Non-Profit Investment Pool, a safe and efficient investment option allowing eligible nonprofits to make the most of…

Read MoreTreasurer Frerichs Wins Approval of Bill to Help Nonprofits Increase Investment Opportunities
Aerial view of Frerichs family farm

Investing in Farmers

I enjoy driving through downstate Illinois this time of year when farmers are planting in the fields. It means spring has arrived and reminds me of riding on my grandfather’s tractor as a kid. It gives me a sense of optimism. Farming is an annual gamble. A lot of time and money goes into putting a crop in the field. There could be a drought, or a flood, or tariffs could drive down the price of corn and soybeans, and…

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Treasurer Frerichs smiles as he speaks from a podium. Backdrop has the Bright Start logo

Treasurer Frerichs Clinches 7th Gold Rating for Bright Start College Savings Plan

Bright Directions Receives Sole Morningstar Upgrade Illinois State Treasurer Michael Frerichs announced today that Illinois’ Bright Start 529 College Savings Plan has earned its 7th Gold rating from independent analyst Morningstar, firmly placing the plan among the best in the nation. “To be touted as one of the nation’s best by Morningstar for the seventh time under my watch confirms from an independent source that Illinois’ 529 College Savings plans are a great investment for Illinois families,” Frerichs said. “Since…

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Illinois government offices building in Springfield Illinois

Treasurer Michael Frerichs Statement on the $1.5 Billion Transit Package Approved by the Illinois General Assembly

Before they adjourned for the year, Illinois state lawmakers approved a $1.5 billion funding package to reform and rebuild public transit. Part of the plan is to earmark money that the Illinois Treasurer’s Office earns from investing revenues from the Road Fund and another transportation-related fund. I appreciate the Governor and General Assembly coming together to address mass transit needs, as well as their confidence in me. But it is unlikely we can continue to generate $200 million in annual…

Read MoreTreasurer Michael Frerichs Statement on the $1.5 Billion Transit Package Approved by the Illinois General Assembly
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Illinois State Treasurer Michael Frerichs Announces $50 Million Loan Program to Help Federal Workers During Shutdown

Illinois State Treasurer Michael Frerichs Announces $50 Million Loan Program to Help Federal Workers During Shutdown An estimated 153,000 Federal Workers in Illinois Illinois State Treasurer Michael Frerichs is committing $50 million to fund zero-interest and low-interest loans to unpaid federal workers during the government shutdown. The loans will be issued through participating banks and credit unions across Illinois, with money made available through the Treasurer’s linked-deposit program. An estimated 153,000 federal employees live and work in Illinois. It is…

Read MoreIllinois State Treasurer Michael Frerichs Announces $50 Million Loan Program to Help Federal Workers During Shutdown