business

senatorjuliemorrison.com

The Illinois Senate may vote on a plan this week to create a "one-stop shop" for people wanting to set up businesses in the state.

The measure would require the state to set up a website that provides details on the costs and links to the forms and information for setting up a business in Illinois. 

Small business owners are hoping shoppers aren’t too fatigued to participate in Small Business Saturday. The retail day was a promotion started by American Express in 2010, and it’s made modest growth since. Teresa Kirschbraun is the owner of City Lit Books in Chicago’s Logan Square neighborhood. She says sales definitely increased during Small Business Saturdays in the past. 

Illinois Board of Higher Education

New legislation could help give veterans a leg up in securing a contract with an Illinois university or college. 

The measure does not put restrictions on the vendors universities can choose. But it does require they report how much they spend on veteran owned businesses, as well as those run by minorities and women.

Dan Johnson, who represents the Federation of Women Contractors, says many institutions already have diversity goals for their procurement programs.

IMDb.com

This week, Michelle Obama and Gloria Steinem are scheduled to campaign for Illinois Governor Pat Quinn. But over the weekend, actor Martin Sheen lent a hand.

According to the trade magazine "Variety," Sheen made as much as 300-thousand dollars an episode for his role as Democratic Pres. Jeb Bartlet in the show "West Wing." He says he was paid nothing fundraise for Quinn and call for an increase in minimum wage.

Simon Cunningham, licensed under CC BY 2.0 / lendingmemo.com

Big companies will continue to receive a tax break for moving to DeKalb after the city agreed to extend a tax agreement through next year. It provides incentives for large businesses that come to or expand in DeKalb as long as they follow certain criteria on building size, jobs and wages.

The Daily Chronicle reports the tax abatement has been critical in attracting more than 1,200 new jobs and millions of dollars in revenue since 2006. Local officials expect state designations to be awarded by next year and go into effect in 2016.

Simon says today is ‘The Onion Day’

Jul 31, 2012
iilinois.gov

Praising The Onion for uniting its business and editorial operations in Chicago, Lt. Gov. Sheila Simon has declared today “The Onion Day” to celebrate the digital media company’s consolidation of its headquarters in Illinois.

Formerly based in Madison, Wis., with its editorial staff headquartered in New York City, The Onion consolidated its media operations in Chicago this month, which will include a new studio for digital video production.

Developers of an Asian carp-processing plant in the Mississippi River town of Grafton are getting $1.9 million in help from the Illinois Department of Commerce and Economic Opportunity for the project.

That includes a $1.4 million low-interest loan to American Heartland Fish Products, with the remaining money for infrastructure improvements related to the plant.

Grafton, with about 700 residents, is located about 40 miles northeast of St. Louis.