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First Illinois business sues insurer over ‘business disruption’ claim

Chicago tavern sues insurer over ‘business disruption’ claim Lawsuit illustrates how COVID-19 could be devastating for insurance industry By Peter Hancock, Capitol News Illinois phancock@capitolnewsillinois.com A Chicago tavern that has been closed since March 16 due to the COVID-19 outbreak in Illinois filed a lawsuit this week against an insurance company for refusing to pay [...]

By |April 16th, 2020|Categories: Business News, News|0 Comments

Another 200,000 Illinoisans file for unemployment claim

Economists forecast potential major hit on state’s economy revenues By Peter Hancock, Capitol News Illinois phancock@capitolnewsillinois.com More than half a million Illinois workers have filed first-time unemployment claims in the four weeks since the COVID-19 outbreak first hit the labor market. Economists at the University of Illinois are now forecasting a major economic downturn that [...]

By |April 10th, 2020|Categories: Business News, News|0 Comments

Chamber Business Relief Fund provides quick assistance to small business owners

While small business owners scramble to apply for the various loan programs and grants now being offered at the state and federal level, the Greater Springfield Chamber of Commerce is trying to help bridge the gap for those waiting for financial assistance. On March 20, the Chamber Business Relief Fund was created to assist businesses [...]

By |April 7th, 2020|Categories: Business News, News|0 Comments

Need help navigating the assistance options for small businesses?

Now that both the state and federal government have rolled out programs to assist small businesses who have suffered economic losses as a result of the COVID-19 pandemic, many small business owners are trying to determine their eligibility and how to apply. The Illinois Small Business Development Center (ISBDC) at Lincoln Land Community College is [...]

By |April 1st, 2020|Categories: Business News, News|0 Comments

State, national unemployment spikes amid COVID-19 outbreak

More than 114,000 Illinoisans file new claims in one week By Peter Hancock, Capitol News Illinois phancock@capitolnewsillinois.com More than 114,000 workers in Illinois filed first-time unemployment claims in the week ending March 21 as the United States saw its biggest one-week spike in recorded history, with 3.2 million workers filing for benefits. The U.S. Department [...]

By |March 26th, 2020|Categories: Business News, News|0 Comments

Chamber Business Relief Fund launched

The Greater Springfield Chamber of Commerce (GSCC) has created the Chamber Business Relief Fund to provide timely and meaningful financial resources to businesses significantly impacted by the COVID-19 crisis. GSCC has seeded the fund with $15,000, and members of its board of directors have contributed more than $10,000 in less than 24 hours to establish [...]

By |March 20th, 2020|Categories: Business News, News|0 Comments

Business as usual?

SpringfieldZoom.com displays current status of businesses in Sangamon county By Michelle Ownbey A new website, SpringfieldZoom.com, will consolidate business information across Sangamon county to keep consumers apprised of the status of their favorite local businesses and their services in one, easily searchable place. Mark Roberts III, owner of GoWeb1 and AlertsMadeEasy.com, said the idea came [...]

By |March 19th, 2020|Categories: Business News, News|0 Comments

Leaders urge shoppers to stop panic-buying, hoarding items

By Ben Orner, Capitol News Illinois As store shelves across Illinois empty of key products during the COVID-19 pandemic, public and private-sector leaders are urging shoppers to put less stress on the supply chain by not hoarding items. Since the pandemic intensified in Illinois last week, customers have been panic-buying and hoarding products like toilet [...]

By |March 17th, 2020|Categories: Business News, News|0 Comments

Christian Horizons to acquire River Birch Senior Living

Effective Feb. 1, Christian Horizons will be acquiring River Birch Senior Living, located at 4012 Cockrell Lane in Springfield. The transaction will also include 19 acres of land for potential future growth, according to Ray Dickison, chief operating officer for Christian Horizons. However, he said the company is “currently considering different options” and doesn’t have [...]

By |January 27th, 2020|Categories: Business News, New Businesses|0 Comments