City Club of Chicago: Jim Schultz
January 10, 2017
Jim Schultz – CEO – Intersect Illinois
Jim Schultz is the Co-Founder and CEO of Intersect Illinois. Prior to becoming the CEO of Intersect Illinois, Gov. Bruce Rauner named Schultz Director of the Illinois Department of Commerce in February 2015. He is a fifth-generation Illinoisan, agribusiness entrepreneur, and private equity executive.
In the most pioneering fashion, Schultz and his family have farmed and built businesses throughout the state since 1840. In his hometown of Effingham, Schultz invested in a network center that created over 1,500 professional jobs for college graduates. He gained extensive leadership experience with early-stage capital expansion during his time at Open Prairie Ventures and Telemind Capital Corporation. As Chairman and Founder of Open Prairie Ventures, Schultz ran private equity funds with investments in innovative technologies for agriculture, medical devices, and information systems. As President of Telemind Capital, Schultz served as the financial expert on mergers and acquisitions for clients in software development, banking, manufacturing, retail, healthcare, and entertainment.
Schultz is a recognized leader throughout the state of Illinois. He has served as Chairman of the Board for Prime Banc Corporation, the Illinois Chamber of Commerce, the Southeast Illinois Community Foundation, and the Effingham County Community Foundation. Schultz also served on the Advisory Board for the Chicago Federal Reserve.
Schultz earned his MBA in Finance and Entrepreneurship from Northwestern University, a Juris Doctor Degree in Corporate Finance from DePaul University, and a Bachelor of Science Degree in Business Administration from Southern Methodist University. Schultz was born in Teutopolis, Illinois, and he currently lives in Effingham, where he and his wife Laura raised their three sons.