Illinois Treasurer Visits Alton to Promote Innovation, Start-Ups in Alton and the Region ย
ALTON – On Wednesday, August 7, Illinois State Treasurer Michael W. Frerichs met with nearly two dozen regional leaders and business professionals to promote economic prosperity, innovation, and job growth in the southern Illinois region. Frerichs shared information about the Illinois Growth and Innovation Fund (ILGIF), which is an evergreen, $1.5 billion impact investment fund that invests in ways to attract, retain and assist quality technology-enabled businesses in Illinois. The treasurer’s office does this by making targeted investments with venture capital (VC), growth equity, and private credit firms with a nexus to the State of Illinois. “A key component to my job as Illinois State Treasurer is to bring government and business leaders together to inspire and invest in opportunity and economic growth in the State of Illinois,” said Frerichs. “I’m hoping this visit will help lay a solid foundation in southern Illinois that we believe
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