News - Cook County Small Business Source

Check Your Certificate of Good Standing Status Today!

As the year ends, we want to remind you that having a Certificate of Good Standing is important for Small Businesses. Your business may need to get a copy of your certificate to: Open a business bank account Apply for…
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Make your final preparations for Small Business Saturday!

Saturday, November 26 is Small Business Saturday, is a day designed to promote the importance of small businesses for the local economy on one of the biggest shopping days of the year! Take action now to prepare yourself and your…
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The Source Grow Grant

The Source Grow Grant provides $10,000 grant funds to small businesses, coupled with advising and coaching services, to foster their recovery and resiliency from the pandemic, scale their operations and thrive in Cook County. Now accepting applications. Your business is…
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Cook County: Manufacturing Reinvented

Ready to take your business to the next level? On August 11, 2022, Cook County launched Manufacturing Reinvented, a $5 million grant program to support suburban Cook County manufacturers. This program reimburses manufacturers for implementation of projects designed to improve productivity, develop future leaders, train…
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The Berwyn Shops Launch

Congratulations to our partners at the Berwyn Development Corporation for launching Berwyn Shops, a new business incubator supported by the Cook County Small Business Source. The Berwyn Shops, features 12 women-owned (11 Latina-owned) 12’x15’ cottage-style shops and provides vendors with the…
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Allies for Community Business Loan Opportunity

Take advantage of our discounted 3% interest rate by applying for a small business loan today! This special offer will apply to all applications received by June 30, 2022. Applications received on July 1, 2022 or after will be subject…
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Cook County Small Business Source Launch

The Cook County small business community thanks President Toni Preckwinkle along with Cook County Commissioners Frank Aguilar, Alma Anaya, Kevin Morrison, and Xochitl Flores, Chief of the Bureau of Economic Development, for their efforts in establishing the Cook County Small…
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Webinar Series: State of Illinois’ Child Care Grant

Join our webinar series to learn more about the State of Illinois’ Strengthen and Grow Childcare Grants Provided by the State of Illinois, these new grants give licensed and eligible childcare centers access to quarterly funding to help maintain and grow…
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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, especially hard-hit sectors such…
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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. Available to small businesses…
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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 a series of events…
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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 apply for forgiveness directly…
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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 their posts• Follow them…
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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 cash flowsReview your financial statement…
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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 its 35+ partners, thousands…
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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 self-employed individuals…
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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 (< 2 years), and…
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EIDL Overview: What you need to know

Economic Injury Disaster Loan EIDL Advance funds were originally calculated based on the number of employees on an applicant's COVID-19 EIDL application: $1,000/employee, up to a maximum of $10,000. The Targeted EIDL Advance provides businesses in low-income communities with additional…
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Be a Small Business Vaccine Leader: Join Us 4/6/21

On Tuesday, April 6th at 2:00 PM EDT, Reimagine Main Street will host a launch event regarding the important role small business owners can play in promoting vaccine access, confidence, and equity. As part of the event, we will: Release results of…
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Restaurant Revitalization Fund FAQs

***Application for eligibility is now closed. 5/24/21. UPDATE (5/21): Final Call! SBA announced that businesses have until Monday, May 24, 8 p.m. ET, to submit applications to the Restaurant Revitalization Fund The SBA still has potential set-aside funding available for…
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Guidance on Grant Funds & Taxes

As a recipient of Cook County COVID-19 Recovery Grant Recipient/Coronavirus Relief Funds (CRF) through the county, you should have received a 1099-MISC Form from the WBDC. If you have not received your form please email COVID19Help@wbdc.org. Please include the name of your business,…
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PPP Updates: Feb 22, 2021

Delivering equitable relief to hard-hit small businesses is a top priority. On February 22, some critical reform was announced to build on the success of PPP. These changes are designed to improve equity and access to the smallest business owners,…
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Small Business Owners: PPP Eligibility

In 2020 small businesses around the world were stunned by the economic impact of COVID-19. The paycheck protection program (PPP) was created to offer financial relief to small businesses owners, specifically to cover monthly payroll costs, rent, interest and utilities.…
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What You Need to Apply for PPP, Forms & Documents

Small businesses are often passion projects that started to turn a profit. There are endless tales of small businesses owners who can’t manage the books. If this resonates with you, you aren’t alone. During the first round of PPP many…
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Inductor of Healing

Shortly after beginning his business, Inductor of Healing, Malike Ayouba signed up to receive business advising. He was able to gain invaluable guidance in how to best develop and market his business. He accredits his successful journey to the skills…
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The Escape Factor

Dexter Cura, co-owner of The Escape Factor in Forest Park, IL, shares his best advice for business owners: Don't be afraid to ask for help. You can find mentors, support and connections in many places, including the Cook County Small…
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Moreno’s Shoe Repair

Ernesto Moreno signed up for business advising from Cook County Small Business Source to help grow his family business, Moreno's Shoe Repair in Berwyn. Through the program, he also learned about available grants and received assistance with marketing. Best of…
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UP CLOSE | Small Business Spotlight

UP CLOSE | Small Business Spotlight Meet Aida Flores and Eduardo Duarte of Total Nutrition Belmont LLC 5550 W. Belmont Ave. Chicago, IL 60641 (773) 757-4420 How long have you been in business? I started in 2008 learning about wellness…
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ON THE FRONTLINES

Meet the Business Support Organization — Illinois Hispanic Chamber of Commerce Tell me about the Illinois Hispanic Chamber of Commerce and your participation in the Small Business Source We were one of the first organizations to happily join this program…
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Small Business Profile: Oak Lawn-based Juicy Luzy Sangria

The thought of the uncertainty and fear the COVID-19 pandemic introduced to Luz Cavazos’ life and livelihood still brings tears to her eyes. The owner of Juicy Luzy Sangria poured her savings, heart and soul into her business when she…
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