Streator Incubator Blog with business icons

Streator is a forward thinking city. Successful incubation programs operate like the businesses they help launch, whether they’re located in rural areas or more urban areas. When budgets are tight, best practice programs identify efficiencies to conserve scarce resources. But they also develop new programs and implement innovation ideas that can bring additional revenue.

Business owner wearing a mask with an open store sign

You have worked hard to stay in business and prepare to reopen during this pandemic. Now, you are challenged with the fact that many customers are nervous about returning to their favorite restaurants and retail stores.

Community leaders across Illinois are working hard to adapt to and overcome challenges posed by the coronavirus pandemic, according to a new survey conducted by University of Illinois Extension. Town, city, and county leaders across the state are concerned about the health of residents and economic impact on local businesses, employers, and local governments.

During the past several weeks, families and businesses around the country have endured tragic loss of human life, modified their way of life, and lost vital economic resources. Many of us stay at home “doing our part” not to risk exposure and illness that might further burden our hospitals, as others work to save lives and provide needed food and products.

Global business traditionally evolved from successful domestic ventures. Today, global strategies just might be the start of a business. Either way, risk management is a core issue. Since traders encountered one another on border paths, establishing trust and minimizing risk have been central to commerce. Domestic infrastructure for minimizing risk evolved much faster since challenges presented by differing laws, standards, customs and languages were minimal. International trade adds interpretations, time delays and uncontrollable events.