Prioritizing Illinois Businesses
The Treasurer’s Office has made it a priority to transform the office’s policies and operations to increase opportunities available to businesses headquartered in the State of Illinois.
Illinois is home to a vast array of highly talented, highly capable businesses that offer top-level financial services.
On the investment front, this includes brokerage firms, securities dealers, asset managers, banks, investment consultants, and other financial institutions.
The Treasurer’s Office seeks a wide variety of financial services and products from Illinois firms, including, but not limited to:
Investment Management Services
||Cash & Cash Equivalents
|Custody and Safekeeping
|Cash and Check Processing
||Credit and Debit Card Processing
Other Investment Services
For non-investment related opportunities, including RFPs, RFIs, invitations to bid, and other related areas, please visit our Procurement Opportunities page.
Contact the Treasurer’s Investment Team
Illinois-based firms are encouraged to download and submit this Capabilities Questionnaire, which provides the Treasurer's Office with a resource to be proactive in identifying business opportunities with Illinois-based firms. For other questions on business opportunities, Illinois-based firms can contact IllinoisFirms@illinoistreasurer.gov.
- RFP Process – All RFPs now provide points in the scoring process to Illinois-based applicants.
- Preference for Illinois-Based Investment Firms – Policies and procedures establish uniform operating processes across investment divisions for the allowance of preference to qualified Illinois-based firms.
- Illinois Growth and Innovation Fund – Launched the Illinois Growth and Innovation Fund to invest $222 million in venture capital firms with a track record of investing in Illinois technology companies.
- Investing in Illinois Communities through Municipal Bonds – The Treasurer’s Office seeks to purchase high-rated bonds from Illinois municipalities, thereby giving communities the funds they need to grow while generating added yield for the State.
- Investing in Illinois Businesses through Corporate Securities – The Treasurer’s Office actively purchases various securities issued by Illinois-based companies, including, but not limited to, corporate bonds, commercial paper, and repurchases agreements. This enables the State to invest in businesses with operations in Illinois while earning a high-yielding return.
- Illinois Business Liaison – Staff are specifically deployed to assist Illinois firms in doing business with the Treasurer’s Office. Contact IllinoisFirms@illinoistreasurer.gov.
- Illinois-Based Asset Managers – Increased from $406 million in January 2015 to $1.5 billion in January 2020. That’s a 285% increase. Track these results on The Vault.
- Illinois-Based Broker/Dealers – Illinois-based firms brokered $75 billion on behalf of the Treasurer’s Office in FY 2019. Track these results on The Vault.
- Illinois Growth and Innovation Fund – The Illinois Growth and Innovation Fund (ILGIF) invests in ways that attract, assist and retain quality tech-enabled businesses in Illinois. ILGIF aims to invest more than $700 million on a recurring basis, creating an estimated 60,000 jobs per investment cycle. The investment is expected to attract more than $2 billion in additional private-sector money. Since inception, ILGIF has already supported over 5,200 jobs, generated over $2.5 billion of invested capital in Illinois companies, and contributed to $22.3 billion in GAAP revenues.
- Purchased approximately $103 million in municipal bonds from Illinois communities (as of February 2020)