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Chicago could soon benefit from Business Improvement Districts, thanks to Feigenholtz

Details
Monday, April 15, 2024 09:49 AM

Sen. Feigenholtz

SPRINGFIELD — To give downtown Chicago business owners a concrete path to address the needs of their communities and generate revenue that can be used to revitalize business corridors across the city, State Senator Sara Feigenholtz advanced legislation that would allow for the creation of Business Improvement Districts.

“After three years of work, we are giving Magnificent Mile business owners the freedom to chart their own path on a downtown revitalization plan,” said Feigenholtz (D-Chicago). “Through Business Improvement Districts, our vibrant city centers will have the flexibility and authority to direct their own spending, development and revival.”

Senate Bill 3679 would set the foundation for Chicago businesses to form a Business Improvement District – or BID – and collectively fund improvement projects. Business owners would have direct oversight on how the funds are utilized for projects within the district. BIDs only apply to commercial properties, meaning homeowners and residential properties would not pay any additional fees.

Read more: Chicago could soon benefit from Business Improvement Districts, thanks to Feigenholtz

Feigenholtz seeks to modernize oversight of financial institutions

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Thursday, March 21, 2024 11:50 AM

feig 032024SPRINGFIELD — State oversight authorities could soon have clarity in order to hold financial institutions accountable for deceptive practices under legislation sponsored by State Senator Sara Feigenholtz.

“Throughout my career, I have prioritized strengthening corporate and consumer transparency,” said Feigenholtz (D-Chicago). “Taking on the financial sector is the next step to continue fostering a fair and equitable business environment in Chicago and throughout the state.”

Feigenholtz’s measure seeks to modernize the law regulating entities like credit unions, currency exchanges, pawnbrokers, collection agencies and payday lenders in Illinois. The legislation would provide the Division of Financial Institutions at the Department of Financial and Professional Regulation with more substantial enforcement authority so the agency can investigate complaints against the entities it licenses.

Read more: Feigenholtz seeks to modernize oversight of financial institutions

Feigenholtz advances Business Improvement District legislation

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Friday, March 08, 2024 03:03 PM

Sen. FeigenholtzFor Michigan Avenue and downtown revitalization

SPRINGFIELD — State Senator Sara Feigenholtz passed Senate Bill 3679 — a bill three years in the making — out of the Senate Executive Committee on Wednesday with bipartisan support, meaning Illinois could soon join 45 states with permissive language to establish Business Improvement Districts.

“The pandemic dealt a blow to downtown business districts across the country. Illinois businesses are recovering, but they need the right tools to succeed,” said Feigenholtz (D-Chicago). “BIDs allow businesses to set their own agenda and reinvest 100% of funds they have contributed into safety and other improvements. BIDs are a huge win for retail, hospitality and tourism sectors.”

Read more: Feigenholtz advances Business Improvement District legislation

Feigenholtz measure creating new license plate camera privacy protections signed into law

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Monday, August 14, 2023 01:55 PM

lpreader 081123SPRINGFIELD – People seeking reproductive and gender-affirming health care in Illinois can now count on additional privacy protections, thanks to legislation spearheaded by State Senator Sara Feigenholtz that was signed by Governor JB Pritzker on Friday.

“In Illinois, we will not let this technology be abused and weaponized as a tool to hunt people down based on a lawful decision that took place during an appointment with their doctor,” said Feigenholtz (D-Chicago). “We have a long history of welcoming those seeking refuge in our state – and this law will help protect that important aspect of our history.”

Read more: Feigenholtz measure creating new license plate camera privacy protections signed into law

More Articles …

  1. Comprehensive plan to improve services for children with behavioral and mental health needs signed into law, thanks to Feigenholtz
  2. Illinois Senate Democrats celebrate record-breaking tourism growth
  3. Feigenholtz law alleviates barriers to accessing records for adopted adults
  4. Feigenholtz extends cocktails to-go through 2028
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