News & Updates

Update to EIDL

Major enhancements to the COVID Economic Injury Disaster Loan (EIDL) program  have been announced!  EIDLE is a federal disaster relief loan designed to better serve and support our small business communities still reeling from the pandemic, …
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Small Business Employees Can Get Money to Reduce Their Payroll Taxes

Small Business Employees Can Get Money to Reduce Payroll Taxes Through the American Rescue Plan, a number of critical tax benefits are being offered to small businesses to help with employee retention and paid leave credits. …
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Illinois Celebrating Black Business Month in August

BLACK-OWNED BUSINESS MONTH To honor the contributions of Black-owned businesses across the state, the State of Illinois, with the Illinois Department of Commerce and Economic Opportunity (DCEO) announced the celebration of Black Business Month by highlighting …
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PPP Direct Forgiveness Portal: Open Wednesday, August 4, 2021

Forgiveness Portal: Opens Wednesday, August 4, 2021 The U.S. Small Business Administration (SBA) is launching an application portal on Wednesday, August 4, 2021 to allow borrowers with Paycheck Protection Program (PPP) loans $150,000 or less to …
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Optimize the Benefits of Your Social Media

Tips on keeping your post organic• Aim to use 3-5 hashtags per post• Consider the time and day you post Tips for growing your followers• Find people who share your companies values/interests• Comment, like, and share …
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Critical Financial Tips to Maintain Your Business

Categorize expenses as best as possible for budgeting and tax purposesMeet with your accountant at least quarterly to know your numbersUse billing systems to automate and organize your receivablesProactively negotiate terms with vendors to increase …
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Non-Profits: Apply & Help Support Small Business Recovery

***Application for eligibility is now closed. 5/24/21. As part of Cook County's Community Recovery Initiative, Cook County established the Small Business Assistance program in 2020 to help address the impacts of COIVD-19.  Through the program and …
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Paycheck Protection Program – Extended Through May 31, 2021

Paycheck Protection Program ***Closed as of 5/31/21. PPP is working for you.  PPP has been extended through May 31, 2021.  Lenders are open and accepting applications. PPP’s funding formula has been revised for sole proprietors, independent contractors, and …
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Toni’s Tips, Cook County Businesses to Support

It's the most wonderful time of the year - it's Small business Week.  Join Cook County President Toni Preckwinkle as she shares Toni's Tips, a list of Cook County businesses to support. We're inviting small businesses to …
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WBDC: Start Planning Your Business for Recovery in 2021

***Application for eligibility is now closed.  Looking to Pivot Your Business into Recovery for 2021? Most businesses have been negatively affected by the pandemic, especially small businesses. If you are a Solopreneur or a small business (< …
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