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jerseydeanne · 2 years

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All countries are bankrupt. It's not sustainable anymore.

Corrupt people spend your money. It's not your fault so why should we the plebs suffer?

We do need a reset but not the kind the WEF/the great reset is selling.

When you file bankruptcy, you get a second chance to start over again. IMO that's where we are at.

All of these Elites know what they have done. Do you think they will give up the corporate jets and mega yachts? No, they won't.

You, the great unwashed serf, peasant, must be punished and start obeying the hardline sell. The sky is falling! Obey or die!

Is anyone human more important than another? No

I get why Elon said a recession would be good to weed out useless companies. I'm sorry, stakeholders.

Kitty linked everything back to China. Why would you trust them with the Earth's precious environment? They are the number one consumers of elephant tusks and other rare animals.

Sergey ate snow leopard paw in China! One of the most endangered species on the planet!

#info wars #banned video #kim dotcom #the great reset #WEF #China #Elon Musk #stakeholder capitalism #crimes against humanity

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americanmysticom · 9 months

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Former Marxist Turned Trump Voter Explains How to Defeat the Globalists | Zero Hour | Ep 9

ADMINISTRATIVE STATISM [STAKEHOLDER CAPITALISM] AND ITS FAVORED ELITES ARE THE ENEMY

FOUGHT NOT BY MIRRORING COLLECTIVISM, HOW DO YOU TAKE OVER ROT?

FOUGHT BY WITHDRAWAL, SECESSIONiSM AND DECENTRALIZATION, PARALLEL STRUCTURES

ANYTHING THAT TRIES TO WITHDRAW FROM THE [TOTALITARIAN] STATE, IS A THREAT TO THE [TOTALITARIAN] STATE - THE REASON FOR THE WALL AROUND THE SOVIET UNION

GENEVA IS THE EPICENTER

CHINA IS THE MODEL, CORPORATE OLIGARCHY WITH MARXIST COLLECTIVISM FOR THE PHEASANTS

IT TAKES PRINCIPLES TO RESIST

GLOBALISM IS TOTALITARIAN https://www.youtube.com/watch?v=uKiFXHOpuxk

youtube

BREAK THRU THE PSYOP! - INFORMATION CONTROL IS MIND CONTROL! - LEARN ABOUT CRIMINAL HYPNOSIS!

https://www.secretdonttell.com/shop pdf&mp3 available

#Youtube #Michael Rectenwald #Stakeholder Capitalism #UN Economic Goals #Statism #Totalitarian Statism

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allenporte · 1 year

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Don’t change the purpose of corporations

This article originally appeared here in 1819 News. The Business Roundtable is a national association of influential CEOs from numerous fields, industries, and publicly traded companies. It lobbies for policies that allegedly generate jobs and economic growth. In 2019, it issued a controversial statement purporting to redefine the purpose of corporations. What, historically, was the purpose of…

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#1819 News #FTX Trading #shareholder capitalism #Silicon Valley Bank #stakeholder capitalism #stakeholder versus shareholder #SVB #The Business Roundtable

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garyh2628 · 2 years

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Rooted explicitly in notions of functioning.

A different reading of the Rolls Royce of SUCCESS would yield a different agenda for the global household landscape.

The Rolls Royce of SUCCESS underpinned by its sheer Efficacy is today the decisive factor in the Selfcare, Human Development Prosperity, Life Science, Complementary and Integrative Health (New Consumer/Retail Health and Development) landscape. The Global Structure Network Group will use part of its platform to inform and upkeep the ideals of the new global household landscape and also serve as a normative framework for evaluating Dignity, Value and Full Worth against the Selfcare, Human Development Prosperity, Life Science, Complementary and Integrative Health background without losing sight of the Rolls Royce of SUCCESS, its History, Stature, Performance, Practice, Operational Resilience, Agenda and Vision.

Almost all of the Group's work will be purely commercial against a backdrop of making the Selfcare, Human Development Prosperity, Life Science, Complementary and Integrative Health economy robust for unleashing the innovation, growth and job creation envisioned. However, the world will be able to access the Selfcare, Human Development Prosperity, Life Science, Complementary and Integrative Health economy Charitable Foundation at https://www.gsdiandadvocacy.co.uk/ which will be reflective of the values proposed as fundamental underpinning the Triumphant Living, the Quantified Self, the Institution of Household efficiency assets.

Gary is preparing to ramp up the Rolls Royce of SUCCESS presence and to extend the influence of the Human Person environment by building bonds because the renewed interest in households and by households will be best explained in the scale of Selfcare, Human Development Prosperity, Life Science, and Complementary and Integrative Health (New Consumer/Retail Health and Development), Triumphant Living, the Quantified Self and the Institution of Household efficiency, ESG and stakeholder capitalism.

Together with the Group’s global Brands, Corporate Partners and Corporate Alliances they will execute, and scale critical initiatives to transform Selfcare, Human Development Prosperity, Life Science, Complementary and Integrative Health (New Consumer/Retail Health and Development) intensive products, services and processes.

The Global Structure Network Group, the Group that is the ESSENCE of YOU! The best science must lead to better lives. We can do this! Join millions who value our perspective. Diamonds are Forever.

The Founder’s Gallery (Global Freedom and Personal Health and Wellbeing Prosperity Policy Chair)

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meusclones · 2 years

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World Economic Forum Annual Meeting por World Economic Forum Via Flickr: Christophe Deloire, Secretary-General, Reporters Without Borders, France speaking in the Freedom of the Press at the World Economic Forum Annual Meeting 2022 in Davos-Klosters, Switzerland, 26 May. Congress Centre – Aspen 2, Copyright: World Economic Forum/Walter Duerst

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mostlysignssomeportents · 7 months

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Union pensions are funding private equity attacks on workers

On October 7–8, I'm in Milan to keynote Wired Nextfest.

If end-stage capitalism has a motto, it's this: "Stop hitting yourself." The great failure of "voting with your wallet" is that you're casting ballots in a one party system (The Capitalism Party), and the people with the thickest wallets get the most votes.

During the Cultural Revolution, the Chinese state would bill the families of executed dissidents for the ammunition used to execute their loved ones:

https://www.quora.com/Is-it-true-the-Chinese-government-makes-the-families-of-executed-people-pay-for-the-cost-of-bullets

In end-stage capitalism, the dollars we spend to feed ourselves are used to capture the food supply and corrupt our political process:

https://pluralistic.net/2023/10/04/dont-let-your-meat-loaf/#meaty-beaty-big-and-bouncy

And the dollars we save for retirement are flushed into the stock market casino, a game that is rigged against us, where we are always the suckers at the table:

https://pluralistic.net/2020/07/25/derechos-humanos/#are-there-no-poorhouses

Everywhere and always, we are financing our own destruction. It's quite a Mr Gotcha moment:

https://thenib.com/mister-gotcha/

Now, anything that can't go on forever will eventually stop. We are living through a broad, multi-front counter-revolution to Reaganomics and neoliberal Democratic Party sellouts. The FTC and DOJ Antitrust Division are dragging Big Tech and Big Meat and Big Publishing into court. We're seeing bans on noncompete clauses, and high-profile government enforcers are publicly pledging never to work for corporate law-firms when they quit public service:

https://pluralistic.net/2023/09/09/nein-nein/#everything-is-miscellaneous

And of course, there's the reinvigoration of the labor movement! Hot Labor Summer is now Perpetual Labor September, with 75,000 Kaiser workers walking out alongside the UAW, SAG-AFTRA and 2,350 other groups of workers picketing, striking or protesting:

https://striketracker.ilr.cornell.edu/

But capitalism still gets a lick in. Union pension plans are some of the most important investors in private equity funds. Your union pension dollars are probably funding the union-busting, child-labor-employing, civilization-destroying Gordon Gecko LARPers who are also evicting you from the rental they bought and turned into a slum, and will then murder you in a hospice that they bought and turned into a slaughterhouse:

https://pluralistic.net/2023/04/26/death-panels/#what-the-heck-is-going-on-with-CMS

Writing for The American Prospect, Rachel Phua rounds up the past, present and future of union pension funds backing private equity monsters:

https://prospect.org/labor/2023-10-04-workers-funding-misery-private-equity-pension-funds/

Private equity and hedge funds have destroyed 1.3 million US jobs:

https://united4respect.org/press-release/people-who-work-at-walmart-sears-amazon-formerly-toys-r-us-more-join-forces-together-as-united-for-respect-2-2-2-2-5-3/

They buy companies and then illegally staff them with children:

https://www.dol.gov/newsroom/releases/whd/whd20230217-1

They lobby against the minimum wage:

https://pestakeholder.org/wp-content/uploads/2021/04/Insire-Brands-memo-on-15-wage.pdf

They illegally retaliate against workers seeking to unionize their jobsite:

https://www.hoteldive.com/news/dc-hotel-workers-enlist-us-representatives-to-fight-sofitel-union-busting/650396/

And they couldn't do it without union pension funds. Public service union pensions have invested $650 million with PE funds. In 2001, the share of public union pensions invested in PE was 3.5%; today, it's 13%:

https://docs.google.com/spreadsheets/d/1B0vv26VEFmwtfw5ur6dSDMY8NftvZKij/

Giant public union funds like CalPERS are planning massive increases in their contributions to PE:

https://www.calpers.ca.gov/page/newsroom/calpers-news/2023/calpers-preliminary-investment-return-fiscal-year-2022-23

This results in some ghastly and ironic situations. Aramark used funds from a custodian's union to bid against that union's members for contracts, in an attempt to break the union and force the workers to take a paycut to $11/hour:

https://www.bloomberg.com/news/articles/2012-11-20/pension-fund-gains-mean-worker-pain-as-aramark-cuts-pay

Blackstone's investors include the California State Teachers Retirement System (CalSTRS). The PE ghouls who sucked Toys R Us dry were funded by Texas teachers.

Then there's KKR, one of the most rapacious predators of the PE world. Half of the investors in KKR's Global Infrastructure Investors IV fund are public sector pension funds. Those workers' money were spent to buy up Refresco (Arizona Iced Tea, Tropicana juices, etc), a transaction that immediately precipitated a huge spike in on-the-job accidents as KKR cut safety and increased tempo:

https://www.osha.gov/ords/imis/establishment.inspection_detail?id=1675674.015

Petsmart is the poster-child for PE predation. The company uses TRAPs ("TrainingRepaymentAgreementProvision") clauses to recreate indentured servitude, forcing workers to pay thousands of dollars to quit their jobs:

https://pluralistic.net/2022/08/04/its-a-trap/#a-little-on-the-nose

Why would a Petsmart employee want to quit? Petsmart's PE owner is BC Partners, and under BC's management, workers have been forced to work impossible hours while overseeing cruel animal abuse, including starving sick animals to death rather than euthanizing them, and then being made to sneak them into dumpsters on the way home from work so Petsmart doesn't have to pay for cremation. 24 of BC Partners' backers are public pension funds, including CalSTRS and the NYC Employees' Retirement System:

https://prospect.org/culture/books/2023-06-02-days-of-plunder-morgenson-rosner-ballou-review/

PE buyouts are immediately followed by layoffs. One in five PE acquisitions goes bankrupt. Unions should not be investing in PE. But the managers of these funds defend the practice, saying they "facilitate dialog" with the PE bosses on workers' behalf.

This isn't total nonsense. Once upon a time, public pension fund managers put pressure on investees to force them to divest from Apartheid South Africa and tobacco companies. Even today, public pensions have successfully applied leverage to get fund managers to drop Russian investments after the invasion of Ukraine. And public pensions pulled out of the private prison sector, tanking the valuation of some of the largest players.

But there's no evidence that this leverage is being applied to pensions' PE billions. It's not like PE is a great deal for these pensions. PE funds don't reliably outperform the market, especially after PE bosses' sky-high fees are clawed back:

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3623820

Pension funds could match or beat their PE returns by sticking the money in a low-load Vanguard index tracker. What's more, PE is getting worse, pioneering new scams like inflating the value of companies after they buy and strip-mine them, even though there's no reason to think anyone would buy these hollow companies at the price that the PE companies assign to them for bookkeeping purposes:

https://www.institutionalinvestor.com/article/2bstqfcskz9o72ospzlds/opinion/why-does-private-equity-get-to-play-make-believe-with-prices

To inject a little verisimilitude into this obvious fantasy, PE companies sell their portfolio companies to themselves at inflated prices, in a patently fraudulent shell-game:

https://www.ft.com/content/646d00f4-af5d-4267-a436-54fb3bc1697b

What's more, PE funds aren't just bad bosses, they're also bad landlords. PE-backed funds have scooped up an appreciable fraction of America's housing stock, transforming good rentals into slums:

https://pluralistic.net/2022/01/27/extraordinary-popular-delusions/#wall-street-slumlords

PE is really pioneering a literal cradle-to-grave immiseration strategy. First, they gouge you on your kids' birth:

https://pluralistic.net/2021/10/27/crossing-a-line/#zero-fucks-given

Then, they slash your wages and steal from your paycheck:

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3465723

Then, they evict you from your home:

https://pluralistic.net/2023/06/05/vulture-capitalism/#distressed-assets

And then they murder you as part of a scam they're running on Medicare:

https://pluralistic.net/2023/08/05/any-metric-becomes-a-target/#hca

As the labor movement flexes its muscle, it needs to break this connection. Workers should not be paying for the bullet that their bosses put through their skulls.

If you'd like an essay-formatted version of this post to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

https://pluralistic.net/2023/10/05/mr-gotcha/#no-ethical-consumption-under-capitalism

My next novel is The Lost Cause, a hopeful novel of the climate emergency. Amazon won't sell the audiobook, so I made my own and I'm pre-selling it on Kickstarter!

#pluralistic #labor #pensions #finance #private equity #toys r us #Rachel Phua #kkr #bain capital #calpers #aramark #Private Equity Stakeholder Project #RefrescoArizona Iced Tea #CalSTRS #Roark Capital #child labor #blackstone #PSSI

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vaspider · 5 months

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While I'm writing things that I've been intending to write for a while... one of the things that I think that a lot of people who haven't been involved in like... banking or corporate shenaniganry miss about why our economy is its current flavor of total fuckery is the concept of "fiduciary duty to shareholders."

"Why does every corporation pursue endless growth?" Fiduciary duty to shareholders.

"Why do corporations treat workers the way they do?" Fiduciary duty to shareholders.

"Why do corporations make such bass-ackwards decisions about what's 'good for' the company?" Fiduciary duty to shareholders.

The legal purpose of a corporation with shareholders -- its only true purpose -- is the generation of revenue/returns for shareholders. Period. That's it. Anything else it does is secondary to that. Sustainability of business, treatment of workers, sustainability and quality of product, those things are functionally and legally second to generating revenue for shareholders. Again, period, end of story. There is no other function of a corporation, and all of its extensive legal privileges exist to allow it to do that.

"But Spider," you might say, "that sounds like corporations only exist in current business in order to extract as much money and value as possible from the people actually doing the work and transfer it up to the people who aren't actually doing the work!"

Yes. You are correct. Thank you for coming with me to that realization. You are incredibly smart and also attractive.

You might also say, "but Spider, is this a legal obligation? Could those running a company be held legally responsible for failing their obligations if they prioritize sustainability or quality of product or care of workers above returns for shareholders?"

Yes! They absolutely can! Isn't that terrifying? Also you look great today, you're terribly clever for thinking about these things. The board and officers of a corporation can be held legally responsible to varying degrees for failing to maximize shareholder value.

And that, my friends, is why corporations do things that don't seem to make any fucking sense, and why 'continuous growth' is valued above literally anything else: because it fucking has to be.

If you're thinking that this doesn't sound like a sustainable economic model, you're not alone. People who are much smarter than both of us, and probably nearly as attractive, have written a proposal for how to change corporate law in order to create a more sensible and sustainable economy. This is one of several proposals, and while I don't agree with all of this stuff, I think that reading it will really help people as a springboard to understanding exactly why our economy is as fucked up as it is, and why just saying 'well then don't pursue eternal growth' isn't going to work -- because right now it legally can't. We'd need to change -- and we can change -- the laws around corporate governance.

This concept of 'shareholder primacy' and the fiduciary duty to shareholders is one I had to learn when I was getting my securities licenses, and every time I see people confusedly asking why corporations try to grow grow grow in a way that only makes sense if you're a tumor, I sigh and think, 'yeah, fiduciary duty to shareholders.'

(And this is why Emet and I have refused to seek investors for NK -- we might become beholden to make decisions which maximize investor return, and that would get in the way of being able to fully support our people and our values and say the things we started this company to say.)

Anyway, you should read up on these concepts if you're not familiar. It's pretty eye-opening.

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imrovementcompany · 3 months

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The Pillars of Corporate Success: Key Responsibilities of Top Executives

Understanding the Dynamics of Corporate Leadership In the complex world of corporate governance, the CEO, CFO, COO, and CHRO each play a vital role in the success of a company. These high-level executives bring unique skill sets to the table, and their responsibilities are crucial in shaping a company’s culture, growth, and stability. Understanding these roles can help us appreciate how they…

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#business processes optimization #C-suite dynamics #CEO responsibilities #CFO role #CHRO importance #company culture #COO duties #corporate leadership #executive collaboration #financial planning #human capital management #operational strategy #stakeholder relations #strategic vision

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capsulelabs08 · 7 months

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Metrics for HEI Intellectual Capital Assessments

In Higher Education Institutions (HEIs), gauging Intellectual Capital (IC) isn’t just essential—it’s imperative. Simply tallying publications or leaning on generic commendations barely scratches the surface. A deeper exploration into the alchemy of intellectual capital creation is essential because it empowers HEIs to create an additional revenue stream and dominate their domain. Deciphering…

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#Academic Excellence #Academic Innovation #Assessment Methodology #Deciphering Intellectual Capital #HEI Evaluation #Higher Education Metrics #Human Capital #Improved Stakeholder Engagement #Institutional Supremacy #Intellectual Capital #Knowledge Management #Relational Capital #Structural Capital #Tangible Benefits

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colitcomedia · 11 months

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Arrow Smith and VRX Silica: Pioneering Sustainable Silica Sand Mining

Arrow Smith and VRX Silica have emerged as industry leaders in the field of sustainable silica sand mining. With a strong commitment to environmental responsibility and innovative practices, they are revolutionizing the way mining operations impact the ecosystem. In this article, we explore the accomplishments and milestones of Arrow Smith and VRX Silica's Arrowsmith North Silica Sand Project, shedding light on their sustainable initiatives and the path they are paving for the future.

Environmental Review Document Approval: A Turning Point for Arrowsmith North Project

DWER's approval of the Environmental Review Document (ERD) marks a significant milestone for Arrow Smith and VRX Silica.

The commencement of the Public Environmental Review (PER) period reflects their commitment to transparency and environmental responsibilities.

VRX Silica's proposed unique rehabilitation method for the mined area showcases their dedication to native vegetation regeneration.

Milestones in the Approvals Process: Demonstrating Dedication and Compliance

VRX Silica's previous confirmation from the Commonwealth Department of Climate Change, Energy, the Environment, and Water highlights their commitment to meeting regulatory standards.

The Environmental Protection Authority's assessment and approval of the Environmental Scoping Document (ESD) indicate the project's progress.

The introduction of the Vegetation Direct Transfer (VDT) rehabilitation methodology underscores VRX Silica's innovative approach to site restoration.

Moving Forward: Public Environmental Review and Response

The completion of the four-week PER period initiates the collection and review of public submissions by the Department of Water and Environmental Regulation.

VRX Silica's diligent response to the submissions demonstrates their commitment to engaging with stakeholders and addressing concerns.

The compilation of an assessment report by the Environmental Protection Authority, containing recommendations for the Western Australian Environment Minister's decision, represents a crucial milestone.

Investor Outlook: Transparent and Responsible Development

VRX Silica's achievements in the approvals process for the Arrowsmith North Silica Sand Project reinforce their dedication to responsible development.

The significant increase in VRX Silica's share price and its market capitalization exemplify investor confidence in the company's sustainable practices.

VRX Silica's focus on four Western Australian silica sand projects, including the Arrowsmith North and Arrowsmith Central projects, highlights their commitment to long-term growth and positive environmental impact.

Conclusion:

Arrow Smith and VRX Silica are leading the charge in sustainable silica sand mining, setting new industry standards through their commitment to environmental responsibility. With their innovative practices, engagement with regulators, and dedication to stakeholder satisfaction, they are reshaping the future of mining. As the Arrowsmith North Silica Sand Project progresses, their achievements serve as a testament to the transformative power of sustainability in the resource extraction sector.

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viljaangelica · 1 year

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Anybody feeling like voting "progressive" after this conotation?

#justsayin'#wef #stakeholder #capitalism #worldwide #university memes

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jamztudioz · 2 years

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7. DATA INTELLIGENCE Intelligent data processing provides a strong data foundation, restructuring and enhancing big datasets that AI uses; cleanses and transforms data into information that is valuable. Using data intelligence, organizations have the ability to adapt more quickly to industry trends. Not to be confused with business intelligence, data intelligence is the ability of organizations to understand and use their data in an effective and beneficial way to optimize output, increase efficiency and be an industry leader. If you’re a business experiencing a downturn in sales, data intelligence can help you identify why. If you’re a subscription service with a surge in memberships, data intelligence can tell you why - and maybe even how to capitalize on it.It takes a lot of coordination and cooperation from numerous departments, buy-in from senior stakeholders, and a good foundation in the form of a well-established data governance initiative which JAM can provide our customers effectively. . . 🚫 No repost without any permission or credits🚫. . . 🔴 Follow @jam_ztudioz for more such amazing content. . . #itservices #mediaservices #consultingservices #itcompany #technologies #informationtechnology #techworld #businessgrowthstrategy #innovations #dataanalytics #dataanalyst #artificalintelligence #organizationideas #businessintelligence #optimize #industryleaders #capitalize #customersupport #customerfirst #stakeholders (at Mumbai, Maharashtra) https://www.instagram.com/p/CgQ5uFTv-g0/?igshid=NGJjMDIxMWI=

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dusk82 · 2 years

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Cooperation and reciprocity are the new economics. Let's choose to build better, more inclusive narratives and enaction of economic regulation policies.

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adsvibeonline · 2 years

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garyh2628 · 2 years

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To be heard is to be seen, and to be seen is revolutionary!

To be heard is to be seen, and to be seen is revolutionary; that sums up "households" today! Households in every corner of the world are set to be fully heard and to be seen by the world but most importantly households are beginning the process of seeing themselves, their worth and their value. The Founder continues the work of shaping the Global Structure Network Group to be in a position to continue providing a strong foundation for this global revitalized effort across the Dignity and Full Worth of the Human Person landscape and ecosystems.

The sheer history that underpins these efforts (The Rolls Royce of SUCCESS) will ensure the conceptualisation of the Institution of Household's efficiency ASSET will not have a short shelf life i.e providing only glimpses of insights for narrowly defined purposes. The Global Structure Network Group is the essence of Selfcare, Human Development Prosperity, Life Science, Complementary and Integrative Health (New Consumer/Retail Health and Development), Triumphant Living, the Quantified Self and the Institution of Household efficiency and together with the Group's Corporate Partners, Corporate Alliances and Brands it will continue to be the reassurance and consistency that households need as they put the pieces back together.

Gary is preparing to ramp up the Rolls Royce of SUCCESS presence and to extend the influence of the Human Person environment by building bonds because the renewed interest in households and by households will be best explained in the scale of Selfcare, Human Development Prosperity, Life Science, and Complementary and Integrative Health (New Consumer/Retail Health and Development), Triumphant Living, the Quantified Self and the Institution of Household efficiency, ESG and stakeholder capitalism.

Together with the Group’s global Brands, Corporate Partners and Corporate Alliances they will execute, and scale critical initiatives to transform Selfcare, Human Development Prosperity, Life Science, Complementary and Integrative Health (New Consumer/Retail Health and Development) intensive products, services and processes.

The best science must lead to better lives. We can do this! Join millions who value our perspective. Diamonds are Forever.

The Founder’s Gallery (Global Freedom and Personal Health and Wellbeing Prosperity Policy Chair)

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dontmeantobepoliticalbut · 10 months

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Illinois Governor JB Pritzker has signed a bill that is aimed at fighting homelessness.

Called “Home IL,” it will bring state agencies, nonprofit organizations and other advocates together. The bill focuses on an equity-based approach, which includes the voices and contributions of those who have experience homelessness.

It codifies the collaboration to move Illinois to “functional zero” homelessness by bolstering the safety net, targeting high-risk populations, expanding affordable housing, securing financial stability for unhoused individuals and closing the mortality gap.

“Every person deserves access to safe shelter and the dignity that comes with housing,” Pritzker said. “This is a first-of-its-kind multi-agency cooperative effort — bringing together state agencies, nonprofit organizations, advocates, and people with lived experience to prevent and end homelessness. I’m grateful for their dedication and believe that together, we can prevent and end homelessness once and for all.”

Rockford has already taken strides in this aspect. In 2017, it became the first community to reach “functional zero” levels among veterans and the chronically homeless.

Illinois’ Interagency Task Force and Community Advisory Council works across 17 state departments and agencies, as well as over 100 processes, programs and policies, to develop a comprehensive plan to combat homelessness.

The goal of the plan is to prevent shelter entry or ensure that shelter stays are limited and lead to quick transitions into stable living situations.

Pritzker has also committed about $360 million for the initiative in his FY24 budget. These investments include:

• $118 million to support unhoused populations seeking shelter and services, including $40.7 million in the Emergency and Transitional Housing Program.

• $50 million in Rapid ReHousing services for 2,000 households, including short-term rental assistance and targeted support for up to two years.

• $40 million in Permanent Supportive Housing (PSH) Capital funds to develop 90+ new PSH units providing long term rental assistance and case management.

• $37 million in Emergency Shelter capital funds to create more than 460 non-congregate shelter units.

• $35 million for supportive housing services, homeless youth services, street outreach, medical respite, re-entry services, access to counsel, and other shelter diversion supports.

• $21.8 million to provide homelessness prevention services to approximately 6,000 more families.

• $30 million for court-based rental assistance.

• $15 million to fund Home Illinois Innovations Pilots.

• $12.5 million to create 500 new scattered site PSH units.

“People experiencing the trauma of housing instability are our neighbors and community members who deserve to be treated with humanity and dignity. With this cooperative effort, Illinois is ensuring our state agencies can continue to collaborate, and that stakeholders are at the table with us, to support our most vulnerable in living healthy, well, and with dignity.” Lieutenant Governor Juliana Stratton said. “Our state is making it clear that we will continue to work together so we can all move forward, and we will focus on holistic strategies that bring us closer to ending homelessness in our state.”

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