August 2012 Archives

Small businesses are located in communities of all sizes

Individuals considering forming a small business are likely aware of the important role the location plays. Depending on the type of start-up, it may make sense to base the business in a city such as Chicago rather than a more rural setting. Other times, the opposite may be true. According to a Small Business Administration study done in 2008, rates of both businesses starting and ending are roughly the same.

Caterpillar and striking workers reach employment agreement

Owners of businesses of all sizes are likely aware of the importance contracts play in the life of a business. This is true not only for Chicago companies but those located throughout the entire United States. Contracts arise in a wide variety of contexts including:

Motorola to move to Chicago's Merchandise Mart

After years of businesses fleeing the city for what they saw as greener pastures in the suburbs, commercial real estate in downtown Chicago has started to make a comeback. Several weeks ago we wrote about the planned construction of new commercial properties. The success of those properties will likely depend in part on the return of businesses to the downtown. This week there is news of yet another company abandoning the suburbs for that destination.

Bank adds additional employees to service small businesses

According to one statistic, more than 171,000 small businesses currently call Chicago home. Chicago mayor, Rahm Emanuel has made no secret of his desire to attract even more new small businesses to the city. Perhaps in part due to this mayoral push, Bank of America recently hired more than 30 bankers that will focus on small businesses. So far this year Bank of America has provided $292.1 million to small businesses located throughout the state

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