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Connecting the Business People of Southwestern IllinoisSouthwestern Illinois Charitable Giving GuideHomeAbout UsEditorial CalendarAdvertising InfoOnline AdsPrint AdsSubscribeContact UsPast Issues2013 Issues June 2013July 2013August 2013September 2013October 2013 November 2013 December 2013 January 2014 February 2014 March 2014 April 2014 May 2014 June 2014 Local Business Headlines TriStar, partnership begin construction of $25 million spec building in Gateway Quinn signs bill to expand access to medical marijuana in Illinois $266,000 awarded to Murphysboro Fire Department going to truck SIUE's Furst-Bowe named to Malcolm Baldrige Overseers Dentist honored as Doctor of Excellence Sales tax goes up in areas of Edwardsville The Hett's next season: Lithgow, Russian ballet, more Officials applaud Senate panel's vote on Growler production (previous local headlines) Debt program aims to help more students Written by ALAN ORTBALS Local colleges say the key to a move by President Obama to rein in college debt is to get more students aware of the action. Five million young Americans got good news on June 9 when the president announced an executive order expanding the Pay as You Earn program. PAYE is a voluntary college loan repayment program that limits the debtor’s monthly payments to no more than 10 percent of their discretionary income for 20 years. Click Here for Full Story The Road Ahead Written by DENNIS GRUBAUGH Illinois Business Journal photoTrucks pass each other at the Illinois Route 255 southbound merger ramp leading from Gateway Commerce Center in Edwardsville. Resignation clouds plans for IDOT Schneider The sudden resignation of the head of the Illinois Department of Transportation, coming even as she was planning for massive revamps at the agency, puts plans for the department into question. Ann L. Schneider’s resignation was announced June 30 after longtime anti-patronage crusader Michael Shakman called for a federal judge to order an investigation into government hiring following a Better Government Association probe that revealed Schneider’s stepdaughter had been put on the payroll and promoted at the agency, according to the Chicago Sun Times. Click Here for Full Story Retiring boomers seeking help to unload their businesses Written by DENNIS GRUBAUGH Baby boomer business owners are beating a path to the retirement door, and it’s causing a surge of interest in the field of succession planning. Attorneys who specialize in estate work are seeing or expecting to see a marked upswing in clients wanting to transition from active owner to retiree. The national trend suggests some 60 percent of small businesses are going to be affected in the next few years. Click Here for Full Story Share Federal judge appoints Alton attorney interim co-lead for AIG fraud lawsuits ST. LOUIS — A federal judge has appointed Simmons Firm Shareholder Derek Brandt as interim co-lead class counsel in a pending national multidistrict litigation proceeding
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