IL

COVID-19: Illinois Resources

As many of you are aware, the State of Illinois and many municipalities have taken emergency actions to slow the spread of the COVID-19. In addition to closing numerous public venues, and encouraging Illinois residents to practice social distancing, the state is also placing additional requirements on businesses to prioritize the health of employees and the public.

The information and resources provided here includes general state and local guidance for navigating the COVID-19 outbreak, as well as specific information and resources for business owners.

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Illinois

Predatory lending cripples business half a lifetime in the making

While many 13-year-olds dream of becoming firefighters or football players, 13-year-old Johnathon Bush not only dreamed of being an entrepreneur but was already becoming one. While growing up in Toledo, Ohio, he realized the only way he could make money at a young age was through entrepreneurship, so he started baking cookies and selling them to friends and family. But, his bake sales evolved into something bigger than his middle school self could have expected. 

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Rural entrepreneur patches together resources, despite being “sew” remote

When her brother was first deployed to Iraq, Candy Alford embroidered every piece of clothing he owned, from his socks to his washcloths, with his name so his things wouldn’t get misplaced in the group laundry. Not only were the name tags practical, but they garnered quite a few compliments from her brother’s fellow pilots, and he suggested she turn her hobby into a business.

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Chicago esthetician does beauty her way

When Noelle Curtis was working to clear up her acne and hyperpigmentation, she noticed not many spas addressed the specific skincare needs of women of color. So instead of continuing to look for someone else’s solution, she decided to become an esthetician herself. After a whirlwind corporate career Noelle went on to open Pretty Dapper Day Spa, which offers a variety of services to Chicagoland clients of all skin types and skin colors.  

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Healthy Business, Healthy Bottom Line - West Suburban Chicago Toolkit

Introduction: Build your wealth and secure your health

As a small business owner, we know you wear many hats—from running the day-to-day operations of your business, to managing employees, building a brand and much more. And for aspiring entrepreneurs, this can mean juggling a traditional job while navigating the ins and outs of starting a new venture. One thing many entrepreneurs feel unequipped to deal while starting or running a business is how to handle business finances and maintain health. 

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Illinois Secure Choice Savings Program

The Illinois Secure Choice Savings Program, signed into law January 2015, will help small businesses that struggle to offer retirement benefits to their employees and provide retirement security to the 2.5 million Illinoisans who do not have access to an employment-based retirement plan. Below is an overview of what small businesses need to know about the program.

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SomerCor

SomerCor is a non-profit development company certified by the Small Business Administration (SBA) to originate SBA 504 loans in the State of Illinois. Since its inception in 1992, SomerCor has grown to be one of the premier mission-driven small business lenders in the Chicagoland area and expanded its offerings beyond the SBA 504 program. SomerCor is a SBA Community Advantage lender offering loans between $50,000 - $250,000. SomerCor is also the administrator for the City of Chicago's Small Business Improvement Fund program and Neighborhood Opportunity Fund Grant.

Anacostia Economic Development Corporation

The Anacostia Economic Development Corporation (AEDC) is a Community Development Corporation that was established in 1969 to meet the overall economic needs, and to improve the quality-of-life circumstances, of the District of Columbia residents. Over the past 45 years, AEDC and its subsidiaries have been at the forefront of small/minority business development, commercial revitalization, housing development, job creation and venture development to serve residents who live East of the Anacostia River and the District of Columbia at-large. 

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