IVCA Provides Updates for State Legislative Issues – 11/29/2023
Illinois Venture Capital Association Illinois Legislative Report
David Stricklin / Stricklin & Associates
Wednesday, November 29, 2023
CANDIDATES FILE
A ritual of Illinois politics is candidates driving (usually) from across the state to Springfield to be part of the hoopla of filing petitions on the first day possible to run for nomination in March. And for it is usually a brisk to bitterly cold day which adds to the theater.
It appears we will see a few competitive races for U.S. Congress, highlighted by a primary downstate between Republican incumbent U.S. Rep. Mike Bost and former gubernatorial candidate Darren Bailey. In the Chicago TV market, a primary is also being assembled featuring incumbent U.S. Rep. Danny Davis and Chicago City Clerk Melissa Conyers Ervin.
Based on candidate filings there will also be a dozen or so competitive primary races for the Illinois House and Senate in March.
WEATHER IS NOT THEIR PRIMARY CONCERN
GOVERNOR ARGUES ILLINOIS SUCCESS
Illinois Governor JB Pritzker recently contributed to and supported several progressive ballot measures in other states, while also touting the economic progress the state has made since 2019 while he’s been governor. Reporters and pundits add two and two and get the answer that this has a broader audience in mind. Analysis and a link to the interview:
WILL IT PLAY IN PEORIA AND BEYOND?
ILLINOIS FISCAL AND ECONOMIC ANALYSIS
PRITZKER FAMILY LAUNCHES VC FUND
* Crain’s | Pritzker family office launches $190 million venture capital fund:
The idea to launch a venture fund came up at a corporate strategic retreat a few years ago, Jason Pritzker says. “We’re good at late-stage investing, and if we could get good at early-stage investing, that would be differentiated and allow us to participate in the full life cycle of a company from seed to scale,” he says.