The $100,000-to-$500,000 opportunities outlined in the announcement are working-capital loans, not grants. Specific interest rates, repayment schedules and an overall funding total for the partnership were not provided in the announcement or interview. #sda #steansfamilyfoundation #southlanddevelopmentauthority
It cited limited access to capital, lengthy permitting processes and other bureaucratic barriers as obstacles that prevent businesses from surviving or expanding. #alexigiannoulias #chicago
State officials said the project reflects broader economic momentum, noting Illinois’ $1.2 trillion gross domestic product and improved business climate rankings in recent years. #laboratory #investments #ribboncutting
“It's extremely difficult to start and grow a new business in Illinois because everything that the Democrat majority does leads to higher costs, more regulation and more restriction,” Halbrook, R-Shelbyville, told The Center Square. #business