2007 Volume I
  Agriculture
IFA recognizes Agricultural Lenders committed to promoting Agri Industry throughout their community. The Illinois Finance Authority's Second Annual Outstanding Ag Lender Award recipient is Mr. Dana Wiegand, Senior Vice President of Goodfield State Bank in Goodfield, IL.
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  Healthcare
The Sedgebrook full-service Retirement Community located in Lincolnshire, IL, recently expanded with the assistance of a $137 million bond financing through IFA. This expansion, which created 1900 new jobs, provided senior living facilities for up to 2000 residents.
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  Business & Industry
Rupari Food Services, Inc., a major wholesale supplier of processed ribs to the foodservice industry, is expanding its operation with a new 60,000 square foot production and cold storage facility and a 10,000 square foot expansion/renovation of Rupari's ready-to-eat production area. This project is supported by the issuance of $10 million in tax-exempt industrial revenue bonds by the Illinois Finance Authority. The expansion is expected to create over 170 jobs.
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IFA supported the development of Firefly Energy's innovative battery technology with $975,000 in equity using a Technology Development Bridge. IFA was one of the early investors in Firefly Energy, Inc., a spin-off company from Caterpillar. IFA congratulates Firefly Energy, Inc. for winning a prestigious 2007 Wall Street Journal "Technology Innovation Award."
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  Higher Education
The Leadership in Energy and Environmental Design (LEED) Green Building Rating System is the nationally accepted benchmark for the design, construction and operation of office, manufacturing, and other types of green buildings. IFA Funding Managers are working with universities to assist with project financings for the development of Green Buildings. We recently financed projects for McKinley Foundation at the University of Illinois, Elmhurst College, and Loyola Academy.
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  Community & Culture
Urban Innovations recently celebrated the completion of a renovation project at Van Buren Place in Chicago. This project involved the acquisition and rehabilitation of a 124-unit apartment building for low-income seniors. The project was funded by $8 million in tax-exempt bonds issued by the Illinois Finance Authority as well as funds from the sale of low-income housing tax-credits.
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  IFA Events

Annual Great Lakes Public Finance Conference
November 15-16 - Westin Chicago River North
Register now!

Financing Community Projects Roundtable
November 29, 2007 - Scott County U of I Extension Office in Winchester
Register now!

Tax-Exempt Financing Workshop for Schools
December 4, 2007 - Elmhurst College
Register now!

  About IFA

  • The Illinois Finance Authority (IFA) is a self-financed, state authority principally engaged in issuing taxable and tax-exempt bonds, making loans, and investing capital for businesses, non-profit corporations, agriculture and local government units statewide.

  • IFA staff offer extensive expertise in markets and financing structures, assisting with projects where affordable access to capital makes the difference in financial feasibility.
    Click here to get in touch with our IFA team.

"We help finance initiatives throughout Illinois that stimulate the economy, create jobs and make a better Illinois for all."



Visit our website to learn more about IFA and the industries we serve!
www.il-fa.com
Business & Industry | Healthcare | Higher Education | Local Government |
Not-For-Profit | Agriculture

Illinois Finance Authority


Chicago
180 N. Stetson Ave.
Suite 2555
Chicago, IL 60601
Phone: 312.651.1300
Fax: 312.651.1350
 Mount Vernon
2929 Broadway St.
Suite 7B
Mt. Vernon, IL 62864
Phone: 618.244.2424
Fax: 618.244.2433 		Peoria
124 SW Adams St.
Suite 300
Peoria, IL 61602
Phone: 309.495.5959
Fax: 309.676.7534 		Springfield
427 E. Monroe St.
Suite 202
Springfield, IL 62701
Phone: 217.782.5792
Fax: 217.782.3989