NW Illinois News

Illinois, Oct 12 2023 - Small and family-owned businesses play a crucial role in the fabric of communities across Illinois. Representative Tony McCombie, who has personal experience growing up in a family-owned restaurant and tavern, understands the significance of these businesses and the impact they have on local economies. As part of her commitment to supporting entrepreneurs, Rep. McCombie frequently visits small businesses to gain insights into their operations and listen to the voices of those driving the entrepreneurial spirit.

One such visit took place recently when Rep. McCombie joined Rep. Jackie Haas on a tour of Embrace Consignment in Bradley, Illinois. During the visit, Rep. McCombie presented a certificate of recognition to owner Julie Jones-Reece and her staff for their positive contributions to the community. Embrace Consignment, founded in 2009, specializes in selling gently used clothing and furniture. Like many small business owners, Julie and her team are deeply connected to their community and take pride in serving local families.

The importance of small businesses cannot be overstated. According to the U.S. Chamber of Commerce, these enterprises have accounted for 63% of all new jobs created in the United States from 1995 to 2021. These jobs not only support working families but also contribute to the overall economic growth of the nation.

Recognizing the significance of small businesses, Rep. McCombie is dedicated to improving state resources for entrepreneurs in Illinois. She supports key state programs that facilitate business growth and provide opportunities for aspiring entrepreneurs to pursue their dreams. These programs include Advantage Illinois, which offers low-interest loans to small businesses seeking medium to long-term financing. Additionally, the Angel Tax Credits initiative encourages investment in innovative, early-stage companies, providing them with the working capital necessary for growth. Investors in new companies can receive a state tax credit of up to 25% of their investment, up to a maximum of $2 million.

Illinois Small Business Development Centers (SBDCs) also play a vital role in supporting entrepreneurs. These centers offer technical assistance and other forms of support to small businesses, including guidance for those looking to launch new ventures. Furthermore, the Economic Development for a Growing Economy (EDGE) program provides corporate tax credits to qualifying businesses, incentivizing job creation, capital investment, and an improved standard of living for Illinois residents.

For entrepreneurs seeking further information on the resources available to them, the Department of Commerce and Economic Opportunity (DCEO) offers comprehensive support through its website. By leveraging these programs and initiatives, aspiring entrepreneurs can navigate the complexities of starting and growing a small business in Illinois.

In the words of Rep. McCombie, "Supporting entrepreneurs is crucial for the prosperity of our communities and the overall economic well-being of our state. By providing the necessary resources and fostering an environment conducive to business growth, we can empower entrepreneurs to thrive and contribute to the success of Illinois."

Through her visits to businesses like Embrace Consignment, Rep. McCombie demonstrates her unwavering commitment to the entrepreneurial spirit that drives Illinois forward. By recognizing and supporting the efforts of small and family-owned businesses, she ensures that Illinois remains a place where entrepreneurs can succeed and communities can thrive.

For additional details, please follow this link: https://repmccombie.com/2023/10/12/supporting-entrepreneurs-rep-mccombie-tours-small-business-in-bradley/