Events

Mayor Lightfoot Awards Grants To Nearly 1,000 Microbusinesses Impacted By COVID-19

Mayor Lightfoot Awards Grants To Nearly 1,000 Microbusinesses Impacted By COVID-19

CHICAGO (WBBM NEWSRADIO) — Mayor Lightfoot and Business Affairs and Consumer Protection (BACP) announced Thursday that $5,000 grants have been awarded to nearly 1,000 microbusinesses that have been impacted by the COVID-19 outbreak through the $5 million Microbusiness Recovery Grant Program. According to the Mayor’s Office, through this program, 959 microbusinesses from across 36 low- and moderate-income community areas … Continued



City of Chicago Microbusiness Recovery Grant program

The City of Chicago recognizes that COVID-19 has put a difficult burden on our business and non-profit communities. While there are many loan opportunities available on the local, state and federal level, the City understands that not all businesses are able to take on debt during this challenging time. To learn more and apply, please … Continued



Cook County Board President Toni Preckwinkle Aannounces Relief Efforts for Small Businesses and Independent Contractors

Cook County’s Bureau of Economic Development has launched The Community Recovery Fund as part of the Community Recovery Initiative. This loan fund offers one-time, zero-interest loans of up to $20,000 for small businesses and $10,000 for independent contractors in suburban Cook County. Loans will be administered by the Chicago Community Loan Fund and provided by … Continued



The Census Bureau is required by law to finish the 2020 Census by December 31, 2020

The Census Bureau (Bureau) is required by law to finish the 2020 Census and deliver the count of the population to the President by December 31, 2020. At the same time, the Bureau must address the risks presented by the global spread of COVID-19.  On March 18, the Bureau announced it would suspend field operations … Continued



CORONAVIRUS Emergency Loans Small Business Guide and Checklist

CORONAVIRUS Emergency Loans Small Business Guide and Checklist

Prepared by the U.S. Chamber of Commerce The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program, the  initiative provides 100% federally guaranteed loans to small businesses who maintain their payroll during this emergency. … Continued



Gov. Pritzker Announces Income Tax Filing Extension, More Than $90 Million in Small Business Aid

Gov. Pritzker Announces Income Tax Filing Extension, More Than $90 Million in Small Business Aid

 Governor, Office of the   Chicago — Building on measures designed to address the unprecedented economic challenges facing Illinois families during the COVID-19 pandemic, Governor JB Pritzker announced a three-month extension of the income tax filing deadline and several new programs to provide more than $90 million in financial relief to small businesses across the state. … Continued



The Minnesota Department of Employment & Economic Development (DEED) Small Business Emergency Loan Program

The Minnesota Department of Employment & Economic Development (DEED) Small Business Emergency Loan Program

The Minnesota Department of Employment & Economic Development (DEED) has established a Small Business Emergency Loan Program to assist small businesses directly impacted by the COVID-19 pandemic. The goal is to provide a source of working capital to help small businesses sustain operations during this difficult time.  For additional details about the program and information … Continued



Women’s Business Development Center Seeks to Help South Suburban Entrepreneurs Through Coronavirus Closings

Women’s Business Development Center Seeks to Help South Suburban Entrepreneurs Through Coronavirus Closings

By  FRANCINE KNOWLES,  Chicago Tribune Olympia Fields resident Bianca Robinson is among small and microbusiness owners in the south suburbs feeling the pain from the coronavirus. She’s watched revenues take a hit at her Flossmoor-based operational management consulting company, Cayden Cay Consulting, which she started in 2012 and grew from roughly $9,000 in revenues her … Continued



IRS Relief: New COVID-19 information

IRS Relief: New COVID-19 information

Filing season extension: The federal income tax filing due date is automatically extended  from April 15, 2020, to July 15, 2020. News releases in English & Spanish are attached and also on the special coronavirus page. Payment extension: We have also updated the payment extension statement to July 15, 2020. New business refundable credits: Small … Continued



State of Illinois Bridge Loan Program

State of Illinois Bridge Loan Program

SPRINGFIELD – Illinois small businesses can tap into $250 million in low-interest bridge loans as soon as this week to help push through the COVID-19 pandemic, Illinois State Treasurer Michael Frerichs said today. The state treasurer’s office will make $250 million available to Illinois banks and credit unions that wish to participate. The financial institutions … Continued



Helping Small Businesses Navigate the Loan Process During this Pandemic

Helping Small Businesses Navigate the Loan Process During this Pandemic

The average small business in Chicago has less than 28 days of cash on hand. For businesses in low- and moderate-income communities, this number is even smaller. Small businesses here in Chicago and throughout the nation are looking for fast acting federal loan support. We hear your frustration and we are doing everything in our … Continued



Governor Pritzker’s Stay at Home Order

Governor Pritzker’s Stay at Home Order

It is our responsibility to keep our network up to date on all city, state, and federal mandates that affect the operation of your business. Over the weekend, several states across the country, including Illinois, determined that statewide stay at home orders were the best method to halt the spread of COVID-19. Governor Pritzker ordered … Continued



Mayor Lightfoot – COVID-19 Address

COVID-19 State of the City March 19, 2020 Our Department of Public Health started tracking this virus when the first reports started coming from China in December, almost four months ago. As we prepared for this virus coming to the U.S. and specifically Chicago, our Public Health and emergency management teams drew upon lessons learned … Continued



The Families First Coronavirus Response Act: Requirements and Considerations

The Families First Coronavirus Response Act: Requirements and Considerations

By  Pamela Abbate-Dattilo, Emily S. Pontius  and Erin M. Edgerton The Act provides that covered employers may exclude health care providers and emergency responders from taking emergency paid sick time and emergency FMLA leave provided by the Act, although of course they remain eligible for traditional, unpaid FMLA leave if they meet the other eligibility requirements. … Continued



Tax Filing and Payment Deadlines

Tax Filing and Payment Deadlines

By Mark A. Thomson As  ORBA reported, the Internal Revenue Service has postponed the tax filing and payment deadlines for calendar year taxpayers until July 15, 2020. Revised guidance has now been issued which expands the provisions to remove the dollar limitation on the amount of the payment that may be postponed until July 15. … Continued



Chicago Hopes to Make Small Business Loans Quickly

Chicago Hopes to Make Small Business Loans Quickly

Crain’s Chicago Business Chicago officials have already received a deluge of demand from small businesses interested in applying for loans of up to $50,000 from the city’s  Small Business Resiliency Fund.   “Over 300 businesses have expressed interest overnight,” deputy mayor Samir Mayekar told reporters today. “We have a duty to try and help them … Continued



WBDC Program Helps WBEs Reach Top-Shelf Status

WBDC Program Helps WBEs Reach Top-Shelf Status

By Genny Hom-Franzen Small-business owners who want to learn the ins and outs of selling products to national retailers should take advantage of a free program at the Women’s Business Development Center in Chicago. Called “Top Shelf: High Volume Retail Growth Insights,” the eight-week program incorporates into its curriculum expert lectures, group discussions and the … Continued



Buying a Home in the Gig Economy: How to Beat Lenders’ Skepticism Without a Salary

Buying a Home in the Gig Economy: How to Beat Lenders’ Skepticism Without a Salary

By  JOANNE CLEAVER CHICAGO TRIBUNE    Often, aspiring entrepreneurs take on side hustles to learn the entrepreneurial ropes and gain enough income to achieve major financial milestones, including homeownership, said Lotika Pai, managing director of the access to capital program at Chicago’s Women’s Business Development Center. “If your side work becomes more continuous, you might … Continued



CDC fact sheet

The virus is thought to spread mainly from person-to-person. Between people who are in close contact with one another (within about 6 feet). Through respiratory droplets produced when an infected person coughs or sneezes. These droplets can land in the mouths or noses of people who are nearby or possibly be inhaled into the lungs. … Continued