October 23, 2025/

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

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 leaders sweat over tight budget; GOP wants more cuts

Illinois leaders sweat over tight budget; GOP wants more cuts

By Sean Reed | The Center SquareThe Center Square (The Center Square) – State legislative leaders from both parties spoke to the Illinois Chamber of Commerce about the broad state...
Pritzker: Swipe fee ban works, banking groups, feds push for repeal

Pritzker: Swipe fee ban works, banking groups, feds push for repeal

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Gov. J.B. Pritzker says he hopes the federal government does what’s best for consumers and businesses as...
Illinois Quick Hits: State unemployment rate hits 5%

Illinois Quick Hits: State unemployment rate hits 5%

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – The Illinois Department of Employment Security says the state’s unemployment rate reached 5% in February, up 0.1...
Pritzker wants Bears legislation to move faster; tax questions loom large

Pritzker wants Bears legislation to move faster; tax questions loom large

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Gov. J.B. Pritzker says he would like the General Assembly to move faster on legislation for the...
Illinois Quick Hits: Chicago charter schools CEO charged

Illinois Quick Hits: Chicago charter schools CEO charged

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – A federal grand jury has indicted a former Chicago charter school network CEO for allegedly misappropriating more...
FTC takes action against ad giants for avoiding certain sites

FTC takes action against ad giants for avoiding certain sites

By Jay Brown | Legal NewslineThe Center Square WASHINGTON - The Federal Trade Commission and eight states have sued three of the country’s largest advertising agencies for allegedly conspiring not...
Illinois Quick Hits: Feds put card swipe fees prohibition on hold

Illinois Quick Hits: Feds put card swipe fees prohibition on hold

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – The U.S. Treasury Department’s Office of the Comptroller of the Currency has released notice of a pending...
Calif. climate change lawsuits paused during SCOTUS review

Calif. climate change lawsuits paused during SCOTUS review

By John O’Brien | Legal NewslineThe Center Square Lawsuits over climate change in California will be on hold while the U.S. Supreme Court decides whether they can be pursued. San...
U.S. will strike Iran infrastructure with no deal, Hegseth warns

U.S. will strike Iran infrastructure with no deal, Hegseth warns

By Andrew RiceThe Center Square The U.S. military is prepared to strike Iran's energy infrastructure if it does not agree to a peace deal, War Secretary Pete Hegseth said on...
New North Carolina law, question on facts pivotal to Mosley appeal

New North Carolina law, question on facts pivotal to Mosley appeal

By Alan WootenThe Center Square Action by North Carolina’s General Assembly has changed the timing for medical malpractice, and enough evidence to ask a jury to resolve contested facts favor...

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...
Casey Westfield Softball Graphic

Goble’s 12 Strikeouts, Early Run Support Lift Casey-Westfield Past Arthur-Okaw Christian 7-4

A disastrous first inning proved too much for the Arthur-Okaw Christian varsity softball team to overcome, as visiting Casey-Westfield capitalized on early errors and rode a 12-strikeout complete game from...
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...