What is ILOVE LOCAL?! This is a weeklong, statewide initiative to encourage shopping and supporting our local businesses! All across the State of Illinois, Chambers of Commerce are rallying together to champion small businesses. Join in on April 11th-18th to shop, eat, and support DeKalb County local businesses. Visit the DCEDC Resource Page to find the links to Chambers of Commerce.
DeKalb County Business-Whiskey Acres Restarts Production!
DCEDC is happy to share such terrific news during an unprecedented time of challenge.
After halting production last weekend due to a few changes in the federal regulations, Whiskey Acres has resumed making hand sanitizer for those in the front line. They’ve already distributed the first batch through the DeKalb County Health Department, to area hospitals, to first responders and other organizations in need. They’ll soon be able to distribute bottles to Hy-Vee as well. They are on track to produce 1,000 gallons per week, with the intention of expanding to 1,000 gallons per day.
Jamie Walters, CEO of the company, said they were very happy to supply the vital item to the community and even larger regions. In this way, they will be able to keep the business operational.
Whiskey Acre’s main ingredient in their Spirits is seed corn. Known for their tag line “Seed to Spirit” one may also think “Seed to Sanitizer” for an additional tag line.
This is a “Win-Win” for not only those in the front lines and consumers in need of this high demand product but for this successful business to remain profitable. An excellent example of diversifying your business plan and thinking outside the box.
Speaker: Cohen Barnes, DeKalb County Economic Development Corporation Summary: Watch our video to listen to Cohen Barnes, President of the DeKalb County Economic Development Corporation, discuss DeKalb County UNITES- a new task force focused on small businesses during the COVID-19 crisis.
To better serve you, DCEDC pledges to keep our dedicated resource page current, with timely updates during this challenging time that we are now facing. As soon as information is shared with us, we will post the information to this dedicated page, to better assist DeKalb County residents and businesses.
DeKalb’s New Signage Changes – 3/19/2020 Speaker: Dan Olson, City of DeKalb Summary: Watch our video to listen to Dan Olson, Principal Planner for the City of DeKalb, discuss the new signage changes that are coming to a vote Monday, March 23rd and how they will affect businesses
Input Needed for Illinois Economic Injury Disaster Declaration
SBA to Aid Small Business/Not-For-Profits Impacted by Coronavirus:
As small businesses and not-for-profits are impacted by social distancing to keep employees, customers and themselves healthy, the U.S. Small Business Administration (SBA) has been authorized to work directly with state Governors to provide targeted, low-interest loans to small businesses and non-profits that have been severely impacted by the Coronavirus (COVID-19).
The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.
To secure access to resources for small businesses throughout the State of Illinois, the Department of Commerce & Economic Opportunity (DCEO) is collecting information and data to use in requesting an economic injury disaster declaration from SBA.
To assist DCEO and the SBA in serving small business and not-for-profits, those impacted by COVID-19 are encouraged to complete this form–COVID-19 Impact Form
Responses to the questions will assist in evaluating a request for an economic injury disaster declaration from the U.S. Small Business Administration.
Once a declaration is made for designated areas within Illinois, information on the application process for Economic Injury Disaster Loan assistance will be made available to all affected communities, businesses, and not-for-profits.
According to the SBA website, “these loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. The interest rate is 3.75% for small businesses without credit available elsewhere; businesses with credit available elsewhere are not eligible. The interest rate for non-profits is 2.75%.”
ComEd has announced plans to help its customers by “suspending service disconnects and providing resources and payment accommodations for those who may have challenges paying their monthly energy bill.”
According to the ComEd press release, the electric utility is providing “payment assistance programs and imposing a moratorium on service disconnections and waiving new late payment charges through at least May 1. This action is being taken as many businesses and institutions are following guidance from the Centers for Disease Control and Prevention by taking temporary measures to shut down or limit operations to control the spread of COVID-19.”
ComEd is also taking steps to increase “awareness of the programs in place to help customers through temporary or extended financial hardship and will be working with customers on a case-by-case basis to establish payment arrangements and identify energy assistance options.”
DCEDC adopted a Comprehensive Economic Development Strategic Plan in 2018-“DeKalb County Thriving!”. One of the five goals in the CEDS Plan is to ensure that DeKalb County has a Talent Pipeline to meet the needs of Employers and Workers.
This complimentary workshop is a result of an Industry Hiring Survey conducted in the summer of 2019.
The Agenda can be viewed on the attached documents (JPEG/PDF).
There is no charge to attend the event, however, a reservation is required to ensure available seating.
To secure a reservation, please email email@example.com, or before March 27th.
On behalf of DCEDC, we are thrilled with Ferrara Candy Company’s selection of the City of DeKalb and DeKalb County for this new distribution complex.
DeKalb’s abundant utility capacity and congestion-free access to the Midwest transportation network and are essential to large scale industrial development and national distribution operations.
DeKalb County’s sizable labor market extending throughout northern Illinois supports the development of new business operations and creates the opportunity to attract employees to live in our rich, dynamic communities.
DCEDC commends the City of DeKalb and DeKalb taxing bodies for expediting development and delivering prudent incentives that will expand the city’s economy for years to come.
Likewise, DeKalb County and the communities and taxing bodies that participate in the DeKalb County Enterprise Zone are to be commended. The Enterprise Zone is critical to attracting major development projects.
Finally, Jerry Krusinski’s diligent and resourceful investment in making the ChicagoWest Business Center “shovel ready” for mega-developments like the Ferrara Candy Company was critical to today’s commitment to the DeKalb County economy.