Investment to Boost Economy in Rural Illinois
to stimulate business growth, job creation and neighborhood revitalization. CUP provides capital to lending institutions at below-market rates so they can increase lending activities, fund local development efforts, and assist local communities and their residents.
About Ag Invest For more than 35 years, the treasurer’s office has partnered with lending institutions to provide below-market loans to start, expand or add value to family farming operations. Ag Invest has provided more than $1 billion in annual and long-term loans. The agriculture industry in Illinois supports one in 17 workers.
About Finally Home The waves of the 2008 recession continue to impact Illinois residents. Finally Home is a program to help individuals purchase a home or help refinance in cases of hardship. Qualified applicants typically have marginal credit scores. The program also helps to stabilize neighborhoods through increased home ownership.
About the Illinois Treasurer The Illinois Treasurer is the state’s chief investment officer and Frerichs is a Certified Public Finance Officer. He protects consumers by encouraging savings plans for college or trade school, increasing financial education among all ages, and removing barriers to a secure retirement. As the state’s Chief Investment Officer, he actively manages approximately $25 billion. The portfolio includes $13 billion in state funds, $7 billion in college savings plans and $5 billion on behalf of local and state governments. The investment approach is cautious to ensure the preservation of capital and returns $28 to the state for every $1 spent in operations. The Treasurer’s Office predates Illinois incorporation in 1818. Voters in 1848 chose to make it an elected office.
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