Stadelman’s legislation to spur construction spending signed by governor

• SB 117
• Infrastructure
• State Treasurer

SPRINGFIELD – State Senator Steve Stadelman’s (D-Rockford) legislation to help the state invest in construction projects throughout Illinois was signed into law on Friday.

The legislation allows the state treasurer to invest up to 5% of the state’s investment portfolio into Illinois infrastructure development companies. This change in the law would allow up to $700 million in financing.

“Funding construction projects allows us to invest in our infrastructure and workers at the same time,” Stadelman said. “This law will generate good-paying jobs throughout Illinois.”

The legislation encourages more businesses to locate, expand, and remain in Illinois by investing in quality construction development firms with a significant presence within state borders.

“Construction projects create new economic opportunities,” Stadelman said. “The construction industry plays a massive role in our state’s economy. It makes sense to allow the treasurer to invest in these infrastructure projects.”

The law, originally Senate Bill 117, has been signed into law by the governor and is effective immediately.

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Stadelman: Increased broadband access good for the greater Rockford area

• Rockford
• Broadband Access
• Broadband Grants

ROCKFORD – State Sen. Steve Stadelman (D-Rockford) congratulated the Region 1 Planning Council on winning an important grant to help expand broadband access throughout the Northern Stateline region, which includes the Rockford area.

The Illinois Department of Commerce and Economic Opportunity and Gov. JB Pritzker recently announced the first list of grant recipients for the Broadband Regional Engagement for Adoption + Digital Equity (READY).

“Internet access is becoming as important as telephones and electricity for many citizens, and Illinois is looking to get them connected with better speeds,” Stadelman said. “High speed internet will help many people in the Rockford area work and search for work, connect families, and help students who need access to educational information.”

The inaugural READY program is a first of its kind, with $200,000 already awarded to four regional entities to accelerate progress in eliminating the digital divide. The program is meant to fuel local efforts to increase digital equity for homeowners and citizens who lack access to high-speed internet.

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Stadelman: $9 million investment in Community Navigator Program to benefit Rockford area businesses

• Small Business
• Navigator Outreach Program
• DCEO

ROCKFORD –State Senator Steve Stadelman (D-Rockford) wants Rockford area small businesses to know that an expanded state service is available to help them access economic recovery grant programs.

The Illinois Department of Commerce and Economic Opportunity has invested an additional $9 million in its community navigator outreach program, with new partners serving the Rockford area.

“Our local businesses are working hard to rebuild financial stability as we move out of the pandemic,” Stadelman said. “I urge owners and managers to work with a navigator if they need help finding funding to help them return to normalcy.”

This expansion to the existing community navigator program leverages 13 organizations that will provide support for small businesses who require assistance navigating the billions of financial assistance dollars that are available. Community navigators will perform intensive outreach to ensure that small and hard-to-reach businesses are aware of economic relief funds.

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Stadelman hosts successful webinar on cable savings and options

• CUB
• Citizens Utility Board
• Facebook

ROCKFORD –Tuesday, State Senator Steve Stadelman (D-Rockford) hosted an online webinar with the Citizens Utility Board on how people can reduce cable costs and the options available for streaming and cable services.

"I hope the people who attended this event learned about ways to save money on their cable bills and the use of streaming services," Stadelman said.

Stadelman hosted an informational webinar in conjunction with CUB on cutting the cable cord and exploring options in satellite or cable television. There was a question and answer session where the senator was able to help the community get their questions answered about streaming services and cable options.

A recording of this event is available on Stadelman’s Facebook page.

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