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BOS Asset Management has acquired L.A. Burton & Associates

BOS Asset Management, a newly created registered investment advisory firm, has acquired L.A. Burton & Associates following the retirement of owner Larry Burton. “It was an acquisition of his book of business; he was retiring after 27 years,” said Brian Brewer, senior vice president and program manager for BOS Investment Services. Brewer also serves as [...]

By |April 28th, 2021|Categories: Business News|0 Comments

New data tracker shows decline in small business — hospitality businesses experienced largest decrease

By Sarah Mansur, Capitol News Illinois Hospitality jobs in Illinois have declined nearly 52% since the pandemic began, according to new data, as lawsuits continue against the governor’s orders to close nonessential businesses. While leisure and hospitality jobs were hit the hardest, the number of small businesses open in Illinois overall has fallen by about [...]

By |April 21st, 2021|Categories: Business News|0 Comments

CEFCU has acquired four additional branches from Simmons Bank

Citizens Equity First Credit Union (CEFCU) has completed its purchase of four Illinois branches from Simmons Bank, effective March 15. The branch offices are located in Columbia, Edwardsville, Godfrey and O’Fallon, Illinois. CEFCU’s total assets as of the end of January 2021 were more than $7 billion.  The purchase increases CEFCU’s assets by just over [...]

Small business grant program ends, less than 20% of applicants received money

By Sarah Mansur, Capitol News Illinois The grant program for small businesses owners in Illinois who suffered losses during the pandemic has run out of money. Illinois’ Business Interruption Grant program was the largest state program of its kind, but only about 20%, or 8,974 applicants, received a grant. The Illinois General Assembly created [...]

By |January 11th, 2021|Categories: Business News, News|0 Comments

The City of Springfield has announced the recipients of the city's Small Business Assistance Grant program. The Office of Planning & Economic Development awarded $5,000 grants to 126 Springfield businesses through a program that was rolled out in November in response to economic hardships caused by COVID-19. The city made $630,000 in funding available through [...]

By |December 22nd, 2020|Categories: Business News, News|0 Comments

Illinois Presbyterian Home Communities plans new construction in 2021

A significant expansion is planned for the Illinois Presbyterian Home Communities in 2021, utilizing the existing 27-acre campus at the corner of Lawrence Avenue and Chatham Road. Fair Hills Residence and Fair Hills Apartments currently provide assisted and independent living for seniors. Sixteen cottages will be constructed in the next phase, along with Fair Hills [...]

By |December 22nd, 2020|Categories: Business News, News|0 Comments