Illinois State Treasurer’s Office News Releases

SPRINGFIELD — Illinois State Treasurer Michael Frerichs today encouraged young photographers to submit photos for the 2017 Cream of the Crop Photo Contest. The contest encourages young photographers to share their vision of agriculture in our state. “Illinois continues to be a leader in farming and strives for agricultural diversity,” Frerichs said. “This contest gives students an opportunity to capture the beauty of our state and showcase the importance of agriculture in Illinois.” The treasurer’s office is accepting electronic submissions for the Cream of the Crop Photo Contest from Illinois…

SPRINGFIELD — More women and minorities need to serve on corporate boards, Illinois State Treasurer Michael Frerichs said today. Frerichs will use his role as Illinois’ chief investment officer to encourage greater boardroom diversity. A corporate board without women and minorities typically does not reflect its employees and customers. As such, the likelihood is great for missed opportunities and growth, especially in shareholder value. “We know that diversity is good for business. We also know that change is hard, especially inside our nation’s boardrooms,” Frerichs said. “Many corporate leaders agree…

SPRINGFIELD — President Donald Trump’s administration needs to plainly say if it intends to crack down on the medical marijuana industry in Illinois, State Treasurer Michael Frerichs said today. The administration’s comment of “greater enforcement” of laws that could close banks that have a relationship with the legal medical marijuana trade needlessly injects uncertainty into the industry. The ambiguous “greater enforcement” also could be used to shutter legal cultivators, wholesalers and retailers in Illinois. Finally, it is unclear what enforcement action could be taken against doctors who prescribe medical marijuana…