Kelly Shine buys lunch at a Farmer's Fridge vending machine kiosk in the Merchandise Mart on April 30, 2019.When I became state treasurer, I quickly decided that in addition to delivering strong investment earnings, the office also needed to help grow jobs. Investing in people and ideas creates better jobs and stronger communities.
So far, the fund’s investments have been a catalyst for creating at least 19,000 jobs, according to 50 South Capital, a Northern Trust subsidiary that administers the program for our office. For every direct job created, another 2.2 jobs are indirectly created through a multiplier effect, according to a study conducted by the Illinois Venture Capital Association. By that group’s metric, our investments have resulted in 36,000 indirect jobs through suppliers and service providers.
Not only is there economic impact, but also, we continue to generate competitive returns for taxpayers. For every dollar we have invested, our dollars are now worth more than 1.4 times what our original investment was worth. This is money we can reinvest in our schools, our universities, and our roads and infrastructure.
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