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Illinois Gov. Bruce Rauner names private equity exec to oversee economic development

Feb 17, 2015 - Chicago Business Journal

Illinois Gov. Bruce Rauner has tapped Jim Schultz to run the key Department of Commerce and Economic Opportunity, effective immediately. Like Rauner, Schultz comes from a background as a private equity executive.

Schultz's appointment lays to rest speculation in recent weeks that Rauner might - as a cost-cutting move - outsource the Department of Commerce and Economic Opportunity. But Rauner apparently decided he needs to have a DCOE functioning at full tilt if he is to achieve his goal of...