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.

Restaurant dinner table

Local eateries, restaurants, cafes, pubs, and coffee shops are the social and economic lifeblood of many Illinois communities.

Overwhelmed, inundated, backlogged. These are just a few of the words employees, employers, government officials, and community leaders are using to describe working through the COVID-19 pandemic.

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Rural community and economic development professionals are working furiously to share the latest information regarding the COVID-19 pandemic.

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Illinois has announced $14 million for the Hospitality Emergency Grant Program. Grant funds are available to support working capital, such as payroll and rent, as well as job training, retraining, and technology to support shifts in operations, such as increased pick-up and delivery.

What types of businesses are eligible?

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UPDATE:  The State of Illinois has received a federal disaster designation, allowing Illinois businesses affected by the coronavirus crisis to apply for low-interest loans from the US Small Business Administration.

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Many small business owners, especially those required to close, are wondering how to finance their businesses during these difficult times. This series, Financial First Aid, will provide accurate and credible information for small business owners attempting to navigate through hard times.

US Small Business Administration Disaster Assistance Loans