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Illinois small business - News


Small Businesses vs. Bailed-Out Banks
Angry workers staged a six-day sit in, and then-Illinois Gov. Rod Blagojevich threatened to stop doing business with the bank. The bank produced an additional $1.35 million for final wages and unused vacation pay. Republic later filed for bankruptcy

Another Chicagoan, Laurie Mikva (Abner's daughter) joins the Obama ... - Chicago Sun-Times
Another Chicagoan, Laurie Mikva (Abner's daughter) joins the Obama From 1998 through 2001, he served as deputy then acting administrator of the Small Business Administration (SBA), an agency elevated to cabinet rank by President Bill Clinton, with more than 4000 employees and 100 offices across the country.

Illinois: Admissions Q&A
Illinois: Admissions Q&A An edited excerpt of the conversation follows. Illinois' graduating class size of 100 students is relatively small compared with other business schools. What do you get out of a small class size that you don't get at other top schools?

Illinois Republicans blast Obama policies on Cuba - Bloomington Pantagraph
Illinois Republicans blast Obama policies on Cuba - Bloomington Pantagraph Progress IllinoisIllinois Republicans blast Obama policies on CubaAaron Schock of Peoria and John Shimkus of Collinsville were in Springfield Tuesday to talk to small business owners. Afterwards, both told reporters they didn’t agree with Obama’s recent decision to ease restrictions on travel to Cuba for people with Shinkus and Schock rip Obama, Dems over economy

Annie's Project: Educating women on farm - and weather
Annie's Project: Educating women on farmMaking sure they add some business sense and marketing savvy is the goal of Annie's Project, an education program for farm women offered by the University of Illinois Extension. "The wife needs an understanding of the farming operation,

Small Businesses vs. Bailed-Out Banks

The Mexican-food maker, calling itself David in a struggle against a banking Goliath, lined up support from local politicians, a pastor, the local Hispanic chamber of commerce and the League of United Latin American Citizens. It also organized a prayer vigil outside Bank of America's Chicago headquarters with marchers clutching portraits of La Guadalupana's immigrant founders and the Catholic Patron Saint of Mexico, inspiration for the company name.

After weeks of public heat, La Guadalupana agreed to end its campaign, and Bank of America began talks with the company for a financial settlement, according to people familiar with the process. Whatever the outcome, the episode underscores how vulnerable large banks have become to public-relations campaigns and political pressure mounted by troubled small-business borrowers. This is especially so for institutions that have received billions of dollars in federal bailout money.

As banks pull back on lending and work to cleanse their balance sheets of loans that probably never should have been made, some borrowers are attacking the banks for their own difficulties, filing lawsuits, putting out news releases, holding protests and rallying politicians to their defense.

How do I go about opening a small business in Illinois?

I am a single mother of two, and I am interested in opening a small business for infants and children's items. What is the process to do this, and about how much does it cost excluding my inventory? I already know how much that will be. Do I need a business license? And how do I get a tax ID certificate for the business? I really want to do this and any help would be greatly appreciated!


Contact the Small Business Development Center. There's an office in every county. Use the following website to find the Center nearest you ...

http://www.sba.gov/aboutsba/sbaprograms/sbdc/sbdclocator/SBDC_LOCATOR.html

Where do I get a grant to start a small business in Illinois?

Single mother of one needing grants to start a small business and doesn't know where to get a grant for help. Low income. Great idea. No direction.
Someone told me my bank would help or a city official. I live in a small town that is rapidly growing due to location.


Go to http://www.grants.gov for a list of government grants and how you can apply for them. However, there are no grants for a for profit business unless you are opening a daycare and then it is a minimal amount. If you need money, you will need to apply for a loan. No lender will talk to you unless you provide them with a valid business plan. Go to http://www.sba.gov , http://www.score.org or http://www.bplan.com for sample business plans and instructions on how to write a business plan.

Then, go to http://www.score.org/ and in the upper left hand corner, enter your zip code. On the next screen, you will get information on the nearest SCORE chapter. Call them and arrange for a free meeting with a SCORE counselor to review your business plan and discuss various loan options available to you.

SCORE is a nonprofit association dedicated to entrepreneur education and the formation, growth and success of small business nationwide. SCORE is a resource partner with the U.S. Small Business Administration (SBA).

SCORE has 389 chapters in locations throughout the United States and its territories, with 10,500 volunteers nationwide. Both working and retired executives and business owners donate time and expertise as business counselors.

Can I start a small business in Illinois without paying for incorporation fees and still be legal?



The reason you incorporate or become a LLP is for protection against lawsuits. A client can sue the corp but you do not lose personally; and for other tax benefits. There are places that are set up to answer questions for small business owners, free of charge; city hall might be able to steer you. Good luck

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For the year 2009 Grant Money is available!
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State of Illinois Business Portal - Business Start-Up Guides
To make government resources more convenient and accessible, we have ... Developing Your Small Business. Organizing Not-For-Profit Corporations (PDF 212 KB) ...

Free Advice for Government Help with Mortgages for homeowners

Small Business Administration - Illinois
Illinois Small Business Economic Recovery Forum - March 24, 2009 ... 2009 Small Business Week Awards Nomination Guidelines (PDF) ...

State of Illinois Business Portal
To make government resources more convenient and accessible, we have created a site that puts the information you need in one place.

Department of Commerce and Economic Opportunity - Entrepreneurship and ...

Illinois Small Business Guide | Business.gov
Explore Illinois' small business resources and get information about paying Illinois state taxes and getting an Illinois business license.