Month: April 2018

News from the Research Desk Blog

New Web Resource: National Geographic Virtual Library

The Library now subscribes to National Geographic Virtual Library and National Geographic Kids (brought to you by the incredible database company, Gale Cengage). The Virtual Library contains every single page of every issue of National Geographic since it began publication in 1888, all issues of National Geographic Traveler, published since 2010, and over 300 books.

The incredible photography takes on an amazing glow. Take a look at the about the Photo Ark article for proof of that. Every Last One. 

All articles can be saved to your computer, Google Drive, or saved to your folder in a Gale account. You can print them or email them to yourself or others.

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Investing in Illinois

Did you know that the Illinois Treasurer serves as the state’s chief investment officer? It invests approximately $25 billion on behalf of the state, units of local government, and families saving for college. Illinois State Treasurer Michael W. Frerichs maintains, however, “that we must also invest in people. The best way to do that is to provide people the tools to invest in themselves.”

One way is to capitalize local banks and lending institutions. The Treasurer’s office provides money at below‑market rates in return for their commitment to loan that money to individuals and businesses trying to better themselves and, by extension, their community. Farmers are familiar with their popular Ag Invest program which has provided more than $1 billion in loans over the years. Some homeowners are familiar with the Finally Home program that helps homebuyers who barely miss qualifying for a conventional mortgage. This year, it has added a new program to the portfolio to help small businesses still wading through the ripple effects of the recession. The Community Uplift Program commits $500 million in new money to flow through local banking institutions to help individuals obtain loans at below-market rates to fund business growth or expansion. The program provides capital in a manner that supports community development while meeting primary investment objectives of safety, liquidity, and return on investment.

Currently, 300 lending institutions are qualified to participate. Growing the number of institutions willing to participate in just one of these loan programs will help strengthen Illinois. If you are a business owner, farmer, or potential homeowner, click here for more information. Bankers and other lending institutions can click here.