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SBA announces streamlined support for local infrastructure contractors

The U. S. Small Business Administration (SBA) announced changes to streamline the submission of Work-in-Process (WIP) information small businesses provide when receiving bonding support through the Surety Bond Guarantee (SBG) Prior Approval Program. Surety bonding is required for any business to bid on most major construction projects.  The SBA Surety Bond Guarantee program backs surety … Read more

ComEd powering a future workforce

ComEd supplies not only electric power for northern Illinois, but also opportunities. Developing the area’s workforce is a prime goal of the company’s philanthropic spending, said Evelyn Rodriguez, senior manager for corporate relations for ComEd. ComEd corporate giving has been focused on four topics: ensuring clean air and water, environmental stewardship, and fighting climate change; … Read more

We Rise seeks economic recovery for everyone

By David Steinkraus, Negocios Now Once the emergency needs of people were being met during the beginning of the COVID-19 pandemic, it became clear that the emergency response was not enough, said Gloria Castillo of The Chicago Community Trust. Leaders of the relief realized they needed to think about helping the whole community recover. Until … Read more

NOVA Driving’s Turnaround 

By Migdalis Perez, Negocios Now- Coronavirus’ impact on small businesses forced Mayra Khan to park her cars, but it didn’t slow her down at all.  The CEO of NOVA Driving School quickly revved up the engine of creativity and launched a temporary business model that is giving the COVID-19 a run: online driving classes with … Read more

City of Chicago launches $5 million grant program for Microbusiness

Mayor Lori E. Lightfoot and Department of Business Affairs and Consumer Protection (BACP) Commissioner Rosa Escareno today announced a new $5 million Microbusiness Recovery Grant Program to provide grants to up to 1,000 microbusinesses in low- and moderate-income neighborhoods that have been impacted by the Coronavirus 2019 (COVID-19) outbreak. Made possible with support from foundations, … Read more

Chicago property tax shifts could ‘shock’ Illinois into recession

The head of the Chicagoland Chamber of Commerce warned that shifting Cook County’s property tax burden to businesses could shock the entire state of Illinois into an economic downturn. From 2018 to 2019, the Cook County Assessor’s office said the northern third of the county’s businesses would see their share of the total property tax … Read more

IHCC names Jaime di Paulo as its new President and CEO

Chicago- The Illinois Hispanic Chamber of Commerce (IHCC) Board of Directors announced today that Jaime di Paulo will serve as the organization’s new President and Chief Executive Officer.  For the past five years, Di Paulo has served as Executive Director of the Little Village Chamber of Commerce (LVCC).  Di Paulo was selected by the IHCC … Read more

Obama Foundation to HACIA: Yes, We Can!

The Obama Foundation assured the Hispanic American Construction Industry Association (HACIA) that it will incorporate Hispanic-owned companies in the Design and Construction the Obama Presidential Center, which is to be built in the south of the city with an investment of $400 million dollars. Michael Strautmanis, Chief Engagement Officer of the Obama Foundation, promised HACIA … Read more

USHCC President and CEO Javier Palomarez resigns

The President and CEO of the US Hispanic Chamber of Commerce (USHCC), Javier Palomarez resigned his position, the organization reported. The resignation takes place after  The New York Time reported an allegation of sexual harassment and alleged mismanagement of funds, which was immediately denied by Palomarez and now confirmed by the USHCC Board of Directors … Read more

$30 Million Funding to Help Train Workforce for Future Energy Jobs

Illinois Commerce Commission filing is first step in developing solar and other renewable energy jobs pipeline Chicago.-  A combination of six business associations and social institutions have been named as recipients of funding for the development and administration of future energy jobs training as a part of the Future Energy Jobs Act (FEJA). Chicago Urban … Read more