Time “of the essence” in spreading it around.
Top Quinn officials put together the violence prevention program in the months before the governor stood for election in 2010 amid a spate of Chicago shootings. Then-chief of staff Jack Lavin underscored the need to move quickly in a Sept. 2 email to a top deputy, asking whether staff members could work the weekend. “Time is of the essence,” Lavin wrote.
State money that, now we hear of federal money tacked on, a lending program for people deemed bad risks by banks. Couldn’t be trusted.
In the rush to get the program launched, the Quinn administration hired a financially troubled West Side business development group to dole out loans, despite concluding the organization had recently misspent state grant funds.
The group, Chicago Community Ventures did not make a single loan, but was allowed to keep more than $150,000 when the contract was nixed, the Tribune has found.
No wonder they couldn’t be trusted.
End result of loan program?
Less than a year later, the state agency suspended the contract, records show. The group had not issued a single loan, according to a letter the agency wrote to CCV. Officials pointed to the May 2011 firing of CCV President Anita Hollins, who had been accused by her board of directors of misusing about $960,000 from a separate loan program not affiliated with the state.
So much for “job creation” by government agency, especially in Illinois.
Reblogged this on Oak Park Republicans.
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