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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 smansur@capitolnewsillinois.com 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

CWLP to begin accepting applications for small business utility rebate

On Dec. 1, the Springfield City Council passed an ordinance to provide utility rebates to small businesses that have been impacted by COVID. The COVID Relief - CWLP Small Business Program uses money from the Environmental and Regulatory Initiatives and Relief Fund (ERIRF) to assist eligible small businesses with utility rebates of up to $3,000 [...]

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

New jobless claims surge in Illinois

By Peter Hancock, Capitol News Illinois More than 107,000 Illinois workers filed first-time unemployment claims last week, a 45% increase over the week before as the COVID-19 pandemic continued to wreak havoc on the state and national economies. The Illinois Department of Employment Security reported that there were 107,616 new claims filed during the week [...]

By |December 11th, 2020|Categories: Business News, News|0 Comments