The Economic Alliance works diligently to report in a timely manner on things like local business expansion, new business development, new and enhanced development incentives, economic news and other items of interest to our community investors and investor prospects.
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Tuesday, November 26, 2024
The U.S. Small Business Administration has declared Kankakee County as a disaster area following storms which occurred July 13-16, 2024. The incidents included severe storms, tornadoes, straight-line winds and flooding. Businesses and residents affected by these storms may be eligible for the Economic Injury Disaster Loans (EIDL).
Wednesday, May 6, 2020
SBA’s EIDL portal reopened May 4 and is accepting new EIDL applications on a limited basis only to provide relief to U.S. agricultural businesses.
Wednesday, April 22, 2020
In a flash poll of Kankakee County lenders on Monday, the Economic Alliance learned that in the federal Paycheck Protection Program’s initial $350 billion round of emergency funding, more than 1,500 regional businesses were served, with approved loans totaling more than $260 million. According to those polled, the majority of businesses had already received a disbursement. In this initial round, businesses served employ more than 30,000 individuals.
Monday, April 6, 2020
The U.S. Small Business Administration’s new programs to help businesses stabilize during the COVID-19 pandemic have brought a number of new issues, questions and frustrations to business owners around the country. The programs were being revised almost hourly prior to their recent launch. We break down some of the frequently asked questions about the Payroll Protection Program (PPP) here.
Tuesday, March 31, 2020
The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was passed by Congress are intended to assist business owners with whatever needs they have right now. When implemented, there will be many new resources available for small businesses, self-employed and independent contractors, franchise owners, as well as certain non- profits and other employers.
