US News & World Report

Chicago Attracts Increasing Numbers of Startups and Tech Companies

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CHICAGO, IL (October 3, 2018) - Chicago has proven to be fertile ground for business as growing numbers of tech companies, including Amazon, have recently put down roots in the Windy City.

Chicago mayor Rahm Emanuel launched the ChicagoNEXT program in 2013 to promote the city’s appeal for the tech world, by building relationships and community as well as improving the city’s IT infrastructure and STEM education. In July, the state of Illinois established the Department of Innovation and Technology for similar purposes on a state-wide scale.

"Unlike Silicon Valley, Chicago's startups and other tech companies have been developing new business models from scratch and getting them to thrive on their own without necessarily having them acquired by someone else," said Todd Thibodeaux, CEO of the tech trade association CompTIA.

"It's the Chicago DNA," Andy Cohen, COO of Snapsheet said. "The people here aren't afraid to get their hands dirty and get companies going.”

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North Carolina Business Owners Seek Relief After Hurricane Florence

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WINSTON-SALEM, NC (September 28, 2018) - Small business owners in North Carolina affected by Hurricane Florence face an uncertain path to recovery.

The Small Business Administration offers disaster loans specifically for victims of Hurricane Florence.

"I'm doing some research now about (Federal Emergency Management Agency) grants, disaster loans, and claiming flood insurance so I'll be prepared to advise clients in the aftermath," said financial planner Matt Stevens.

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Banks Eased Business Lending Standards in 2017

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NEW YORK, NY (March 14, 2018) - Good news for business owners: Loan officers reported loosening standards for business loans in 2017, according to a survey by the Federal Reserve.

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