Join U.S. Senator Ben Cardin (MD), Chairman of the U.S. Senate Committee on Small Business & Entrepreneurship, to hear updates on the Committee's work and the status of key legislation impacting small business.
Illinois Small Business Owner Highlight
As a third generation business owner, Alan Moy has gained significant wisdom and experience from watching his parents and grandparents choose an entrepreneurial journey as a means to provide a brighter future for their children. Today, he’s the proud owner of Viet Nom Nom, a Vietnamese-inspired restaurant, catering and pop-up business in Evanston, Ill. that serves healthy salads, rice bowls, soups and sandwiches.
Policymakers at all levels, from town councils to the halls of Capitol Hill, emphasize the challenges of small businesses as a key talking point during political debates. But new opinion polling in four states—Illinois, Missouri, Virginia and Wisconsin—reveals small businesses feel their government officials don’t actually understand their challenges, and they support a wide array of policies to address their needs, some of which might come as a surprise to their elected officials.
This Chicago-based research explores issues related to small business workforce development, particularly for business owners of color located in low- and moderate-income communities. Small Business Majority interviewed and convened local small business owners and business service organizations for roundtable discussions during a six-month research project to learn about key challenges in hiring and managing employees. Overall, the research indicates that small business owners have limited capacity and resources to improve workforce management.
The economy is improving, but Illinois small business owners and their employees are facing another financial hurdle: retirement security. The U.S. currently suffers from a retirement savings gap of more than $6 trillion, and more than 38 million households do not have any retirement savings at all. Illinois small business owners and their workers are no exception.
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