Overview

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Invest in Illinois Overview

 

Three Impact Investment Deposit Programs. Invest in Illinois is a collection of programs offered by the Treasurer’s Office – (1) Community Invest, (2) Ag Invest, and (3) Business Invest – that provide impact investment deposits to lending institutions to provide consumer loans, assist with farm-related expenses, finance business expansion and fund other important economic development activities. By providing access to State investment capital at a lower rate, Invest in Illinois incentivizes financial institutions to lend to groups marginalized by limited loans or high-interest rates at a lower cost to borrowers. 

 

Win-Win Strategy. As the state’s Chief Investment Officer, the Treasurer's Office has a tremendous opportunity to generate investment earnings while simultaneously creating economic growth here in Illinois. The Treasurer’s Office is particularly focused on championing, growing, and investing in underserved areas of Illinois, be it rural small towns, suburban communities, or large city centers. Not only are there excellent investment opportunities in these communities, there are excellent opportunities to create jobs, business growth, and long-term economic prosperity.

 

$500 Million Commitment. The Treasurer's Office has taken bold steps to make targeted investments through Invest in Illinois. In 2018, the Treasurer's Office committed $500 million in impact investment deposit funds to be placed with local financial institutions that seek to provide below-market rate loans in their communities.

 

Community Development Linked Deposit Programs (Linked Deposit).  The suite of Invest in Illinois impact investment deposit programs, including Community Invest CUP, Ag Invest and Business Invest CUP are community development linked deposit programs that provide below-market deposit funds to financial institutions for the purpose of providing low-interest loans to qualified borrowers at the direction of the Treasurer’s Office. Through community development linked deposits, the Treasurer’s Office earns an investment return on the money deposited, participating financial institutions earns interest on their money lent, and qualified borrowers gain access to reduced-cost loans they can use to access capital for personal means. expand their business or improve their farm.

 

Visit the Community Development Linked Deposit Program page for more information.

There are communities throughout Illinois that struggle with unemployment, poverty, affordable housing, and a lack of economic activity. In many instances, individuals, families, and community organizations in these areas can empower themselves- and stimulate economic activity in their communities-with increased access to low-cost loans.

 

Community Invest is a consumer-focused loan impact investment program. Through the Community Invest, the Treasurer's Office partners with approved financial institutions to provide low-costs loans to individuals and families in underserved communities. In doing so, the Treasurer's Office seeks to boost economic activity in Illinois while earning a competitive return for the State.

 

For example, through the Community Invest - Community Uplift Program ("CUP"), the Treasurer's Office partners with approved financial instititions, including community banks, local credit unions, and savings and loan institutions, to provide below-market rate loans to individuals and families in Illinois.  By making it more affordable for financial institutions to offer low-cost consumer loans, such as home mortgages, auto loans, student loans, or personal loans, Community Invest stimulates economic opportunity in underserved areas while earning a competitive return for the State.

 

The Community Invest – Cannabis Banking Program is coming soon! Check back for details.

 

Visit the Community Invest page for more information.

For over 36 years, the Treasurer's Office has provided loan opportunities for Illinois farmers through Ag Invest. Through a commitment to Ag Invest, the Treasurer's Office partners with approved financial institutions to provide qualified farmers, agri-business and agriculture professionals below-market rate loans to start, expand or add value to their farm operations. The loans provided by the financial institution can be used for the purchase of farm equipment, purchase of land, construction-related expenses, provide operating lines of credit or other costs related to conventional or sustainable farming.

 

The Treasurer’s Ag Invest program is the nation’s most expansive agriculture impact investment deposit program. Since 1983, Ag Invest has loaned more than $4 billion in annual and long-term loans.

 

Visit the Ag Invest page for more information about loan opportunities for your farm or agri-business.

 

Business Invest Banner

Businesses in underserved communities often struggle with a lack of access to affordable loan opportunities and financial capital. In many instances, businesses would expand their operations, make business improvements, and hire more workers with increased access to low-cost loans.

 

Business Invest is a business-focused loan impact investment program. Through Business Invest, the Treasurer’s Office partners with approved financial institutions to provide low-cost loans to businesses in underserved communities. This provides an opportunity for the Treasurer’s Office to stimulate business growth and economic activity while earning a competitive return for the State.

 

For example, through the Business Invest –  Community Uplift Program (“CUP”), the Treasurer's Office partners with approved financial institutions, including community banks, local credit unions, and savings and loan institutions, to provide impact investment deposits in order to provide below-market rate loans to businesses in Illinois. By making it more affordable for financial institutions to offer low-cost business loans, Business Invest helps grow companies and create jobs in underserved communities while earning a competitive return for the State.

 

Visit the Business Invest page for more information.

Contact Us

Should you have any questions, please contact us at 866-458-7327 or CommunityInvest@illinoistreasurer.gov.