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November 5, 2021

 

 
 
Flash Index  
 

The University of Illinois Flash Index in October fell to 105.4 from its 106.0 level last month. This decline in Illinois followed the broader national pattern of a slowing recovery from the short, but sharp COVID-19 recession of 2020. The small recovery the index made in September was wiped out, but the reading remains above the 100-level dividing line between economic growth and decline. “This drop is likely the result of the return of some restrictions because of the emergence of the Delta variant, along with supply chain bottlenecks that have slowed the economy,” said University of Illinois economist J. Fred Giertz, who compiles the monthly index for the Institute of Government and Public Affairs. “While the short-term outlook remains clouded, there is still optimism for 2022. This is based on the apparent receding of the Delta variant surge and the strong pent-up demand from consumers whose spending has been limited during the COVID-19 crisis.” Giertz said that supply chain problems are also expected to ease, although more slowly than anticipated. Growth rate expectations, while still positive, have been tempered somewhat by these recent developments. 

 

 
 
  Development Grant
 

The Rural Business Development Grant (RBDG) is a competitive grant designed to support targeted technical assistance, training, and other activities leading to the development or expansion of small and emerging private businesses in rural areas that have fewer than 50 employees and less than $1 million in gross revenues. Programmatic activities are separated into enterprise or opportunity type grant activities. Rural Business Development Grant money must be used for projects that benefit rural areas or towns outside the urbanized periphery of any city with a population of 50,000 or more. Learn more about eligible areas here. For more information, visit the website.

 

 
 
Rural Partners  
 

Are you a Rural Partners member? We’d love for you to join! As a member, you can network with government agencies, utilities serving rural areas, rural healthcare organizations, financial institutions, private businesses, other rural community leaders and many critical resources. You can gain access to practical, ‘take it home and use it’ information, education and networking. Rural Partners membership represents the diverse population of rural Illinois. Members include local, state and federal governments and agencies; non-profit organizations; private businesses; and dynamic individuals. Due to the representative membership and non-partisan status, Rural Partners is viewed as a significant voice for rural residents in Illinois. Your voice needs to be included! Become a Rural Partners member!

 

 
 
  Broadband
 

Illinois Extension’s Local Government Education program is hosting four webinars in November to provide communities with knowledge and resources for community-driven broadband development. On November 5, 12, and 19, the Illinois Office of Broadband will present a three-part program to introduce local government leaders and staff to a key component of the community-driven broadband expansion process: integration of broadband consultant support. Other subjects to be covered include application processes, planning, public-private partnerships, and current and pending funding opportunities. On November 16, technology experts with the Benton Institute for Broadband and Society will cover access by highlighting various technologies with a focus on fiber optic and fixed wireless networks. This session will be the first in a three-part series on broadband access, adoption, and use. For more information, visit Illinois Extension’s Community Broadband website.

 

 
 

UPCOMING EVENTS

November 5 - Illinois Office of Broadband: Application Processes, Planning, and Preparation (Pt 1)

November 9 - Energy Transitions: Climate and Equitable Jobs Act (CEJA)

November 9 - Geothermal Illinois Resiliency Series: Federal Sustainability Models

November 12 - Illinois Office of Broadband: Application Processes, Planning, and Preparation (Pt 2)

November 16 - Illinois Connected Communities Series: Broadband Access (Pt 1)

November 19 - Illinois Office of Broadband: Application Processes, Planning, and Preparation (Pt 3)

 
 
 
 
 

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