Investing for a State that has No Money
•February 8, 2017• State treasurer Michael Frerichs gave visitors to the Sullivan Chamber of Commerce round table a chance to find out how he does his job in a state with no money. “As the chief investment officer for a state without money, we were able to generate $68 million in interest for Illinois last year,” Frerichs explained to community leaders gathered at Cathrine’s 5 East Feb. 3. He explained that if the state had a balanced budget, that would have grown another $30 million. “We try to help provide tools for families to help invest,” he continued, noting programs … Read More
