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February 14, 2020

 

 
 

Illinois Manufacturers’ Association President and CEO Mark Denzler wants to showcase the wide range of items made in the state. Manufacturing accounts for 12% of Illinois’ gross domestic product and a $304 billion economic output — the largest of any industry in the state, according to the IMA. More than 592,000 people are employed in the industry. The IMA’s contest, “Coolest Thing Made in Illinois,” is accepting nominations until February 24. Denzler admitted the word “cool” can be open to interpretation, so he pointed to the many manufacturing sectors across the state. “We have such a diverse manufacturing space, so we’re going to let Illinoisans decide what they think the coolest thing made in Illinois is,” Denzler said. Product nominations can be submitted to makersmadnessil.com through February 24. IMA will review all submissions for accuracy to confirm whether a product is manufactured in the state. A company’s headquarters could be out of state, Denzler said, but the product must be made in Illinois.

 

 
 

A study by the Natural Resources Defense Council (NRDC) estimated nearly a quarter of all household electricity use in the United States is consumed by appliances and other equipment in standby mode. These “always on” devices include things like wireless internet routers, which need electricity to maintain a constant connection, or televisions, which take a long time to power up and need some juice in order to respond when you push the remote control. But there are dozens of other culprits — including computers, printers, rarely used DVD players and anything with a DC power converter — sucking up power around the clock. A study by Alliant Energy found the average Wisconsin household could save $90 a year by targeting "always on" electronics. Using off-the-shelf Sense home monitoring devices powered by artificial intelligence, the Madison-based utility and the consulting firm Cadmus determined most customers can cut their overall use by 9% just by tracking down and eliminating some of this phantom load. Alliant customers discovered things like an attic fan, a baby monitor that fell behind a dresser and cell phone chargers.

 

 
 

The Illinois Main Street program, in partnership with the Office of Lt. Governor Juliana Stratton and the Illinois Department of Commerce and Economic Opportunity, is hosting the 2020 Illinois Main Street Conference: Downtown Dialogues, March 18-20, 2020 in Springfield. Across Illinois, Main Street districts are centers of economic and social opportunity and essential to a thriving community. From rural downtowns to urban neighborhood corridors, revitalization is powered by dedicated professionals, volunteers, and civic leaders. The 2020 Illinois Main Street Conference: Downtown Dialogues is an opportunity for all those involved in Illinois commercial districts to learn from experts in the field and each other through best practices and engaged conversation. If you're interested in a healthy, thriving commercial district, this conference is for you. This  Illinois Main Street program has a 25 year history of creating prosperity in commercial corridors, and we seek to create awareness of downtown development as a tool for economic impact and community betterment across the state.

 

 
 

Join us on February 20 at Noon CST for Using a “Stress Testing” Approach to Measuring the Fiscal Sustainability of Local Governments, featuring Kenneth A. Kriz, Ph.D., University Distinguished Professor of Public Administration at the University of Illinois at Springfield. Dr. Kriz conducts research focusing on subnational debt policy and administration, public pension fund management, government financial risk management, economic and revenue forecasting, and behavioral public finance. Measuring the fiscal sustainability of local governments is an important component of understanding the challenges in delivering public services. Dr. Kriz builds on the work of the Federal Reserve Bank and other central banks in building “stress testing” models. The model is based on a full simulation of the economic and financial condition of a jurisdiction. The results allow officials to not only get an early warning about future financial stress but to better understand the forces creating the stress.

 

UPCOMING EVENTS

February 20 (LGE Webinar) - Using a “Stress Testing” Approach to Measuring the Fiscal Sustainability of Local Governments

February 20 (Small Farms Webinar) - Soil Organic Matters

February 26-27 (Springfield) - Annual Rural Community Economic Development Conference 

February 27 (Small Farms Webinar) - Saturated Media Extract

March 1 (Deadline) - Illinois 2020 Conservation Achievement Scholarship

March 3-4 (Springfield, IL) - RTAC Conference

March 5 (Small Farms Webinar) - Selling through Food Hubs and Co-ops: A Growers Perspective

March 12 (Small Farms Webinar) - Getting Started in Drip Irrigation

March 18-20 (Springfield) - 2020 Illinois Main Street Conference

March 20 (Small Farms Webinar) - The Basics for Goats and Sheep

 
 
 
 
 

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