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SBA proposal would increase defined size of small businesses in two categories

Submitted by the  U.S. Small Business Administration WASHINGTON – Proposed rules published today for comment in The Federal Register by the U.S. Small Business Administration would adjust the size definition of small businesses in 52 industries in two broad categories of businesses, ranging from travel agencies and movie production to waste management. The proposed adjustments […]

Chicago tech firm receives state energy grant

Submitted by AllCell Technologies — AllCell Technologies LLC today announced receiving a $460,433 grant as part of Illinois’ State Energy Plan. “Creating jobs is priority number one, and the growing green sector is supporting our economic recovery,” said Gov. Pat Quinn. “I am committed to doing all I can to ensure that Illinois will continue to […]

State announces capital-access program for Illinois businesses

By the Illinois Department of Commerce and Economic Opportunity — CHICAGO – Oct. 5, 2011. Gov. Pat Quinn today launched the Advantage Illinois program that is designed to provide Illinois businesses and entrepreneurs with access to the capital they need to start new companies and expand existing business. Advantage Illinois will leverage $78 million in federal […]

Online disaster preparedness resources aim to help businesses plan for worst

Nine out of 10 companies impacted by a disaster fail within a year unless they can resume business operations within five days, the U.S. Small Business Administration reported. Due to recent hurricanes, floods and wildfires, insured catastrophic losses for the first half of 2011 totaled more than $17 billion, surpassing the $13 billion in insured losses […]

Jane Adams Hull House receives funding for microentrepreneurs

The Jane Adams Hull House Association in Chicago is one of 100 nonprofits throughout the United States to receive a grant this year from the U.S. Small Business Association’s Program for Investment in Microentrepreneurs (PRIME). The grants, which total $7.6 million nationally, are designed to help the nonprofits provide business training and technical assistance to low-income entrepreneurs […]