QUOTE OF THE DAY
JS Online: Illinois-based Quest Products moving to Pleasant Prairie
An Illinois-based packaged consumer goods producer is moving its headquarters to Pleasant Prairie’s LakeView Corporate Park.
Quest Products is moving its headquarters, as well as its assembling, packaging and warehousing operations, from Gurnee, Ill., and Independence, Iowa, to a 44,398-square-foot building at 8201 104th St., which the company purchased Monday, according to the Kenosha Area Business Alliance.
Quest’s $3.6 million investment will bring 28 jobs, according to an alliance statement, with another 28 employees and $1.5 million in additional investment expected within the next three years. The alliance provided a $1.3 million low-interest loan to help Quest purchase its building and equipment.
Chicago Tribune: Feds subpoena emails of Quinn’s ex-chief of staff
A federal grand jury subpoenaed emails of Democratic Gov. Pat Quinn’s former chief of staff and two other onetime top aides as a criminal probe into a botched $54.5 million anti-violence grant program continues ahead of the November election.
The subpoenas, disclosed by the Quinn administration in response to a Tribune open records request, shows the grand jury asking the state for the emails of Jack Lavin, who served as Quinn’s chief operating officer and later as his chief of staff until departing state government last September.
The July 28 subpoenas were requested by Timothy Bass, an assistant U.S. attorney in Springfield who has prosecuted government grant fraud cases. In May, Bass used a subpoena to request the emails of five other key players in the anti-violence program, including the now-retired aide who ran it for Quinn.
Five Thirty Eight: It Only Seems Like Politics Is More Corrupt
Friday is former Virginia governor Bob McDonnell’s third day on the witness stand in his public corruption trial. Friday also marks one week since Texas Gov. Rick Perry was indicted on abuse of power charges.
It may seem that corruption in American politics is on the rise.
The public sees it that way. According to Gallup, Americans think that political corruption has become more widespread over the past several years.
Crain’s: Money talks and it says: Chicago’s still a good bet
It’s going on right in front of our faces, but it’s still a surprise: Despite the near certainty of hefty property tax increases, real estate investors are pouring big bucks into Chicago.
Earlier this year, one company spent $3,000 per square foot for a small Gold Coast commercial building. In May, another announced it would pay $850 million for a River North office tower. New apartment buildings and hotel projects are being announced almost every week. That’s not political hot air or happy talk from business boosters. It’s real money and lots of it.
These companies are placing substantial, long-term bets that there’s still good money to be made here despite the city’s horrific financial condition. And those wagers are being placed on buildings that can’t be picked up and moved to Texas if Rick Perry shows a little leg.
CARTOON OF THE DAY
