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Caterpillar CEO Doug Oberhelman at a panel at the U.S. Export-Import Bank in Washington, D.C., March 31, 2011. (Andrew Harrer/Bloomberg)
Caterpillar Inc. leader Douglas Oberhelman emerged from a one-hour meeting with Gov. Pat Quinn Tuesday morning, assuring that the Peoria-based manufacturing titan intends to stay put and help push for improvements in the state’s business climate. Get the full story »
Illinois lawmakers are taking a new look at expanded gambling as a way to reduce the state’s massive budget deficit.
Lawmakers have talked for years about adding new casinos or putting slot machines at racetracks, but the proposals have always fallen apart. They’re getting more serious attention now, with the state facing a roughly $15 billion deficit. Get the full story »
Illinois companies are having a good year when it comes to venture capital firms investing in their businesses.
Venture-capital investors put $123 million into 10 Illinois-based businesses in the third quarter of 2010, according to figures released Wednesday by Dow Jones VentureSource. That compares with $15 million invested in five businesses in the same period in 2009.
The third quarter’s investment total was helped by a $65 million deal for Skokie-based NanoInk, a nano tech firm. Its backers included Lurie Investments. Get the full story »
From Crain’s Chicago Business | Metropolis 2020, a report on fixing the state’s economy due out Monday, recommends an increase in the gas tax to aid ailing transportation and abolishing townships to save money among its conclusions.
