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The small business community was increasingly optimistic this summer. The pandemic was waning, restrictions disappeared and customers were coming back in droves.
Vaccinated individuals gathered without masks. While many businesses struggled to find qualified employees, their prospects for recovery looked good.
Then the Delta variant came and COVID cases started to significantly increase. That optimism that defined the small business community has been replaced with concern and uncertainty.
How significant will the spike in Illinois be? What, if any, mitigation measures will be put into place? How will the resurgence of the pandemic impact consumer behavior?
The trajectory of the pandemic may shift again before this article is published. It seems the only thing that remains certain during this pandemic is uncertainty.
Policymakers must be ready to support the small business community should the new surge threaten the viability of small businesses. This includes promptly getting Back to Business grants to as many struggling small businesses as possible. Policymakers have allocated about $300 million for these grants. The onset of the Delta variant makes it crucial to swiftly provide this funding to as many small businesses as possible.
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SIGNATURE BANK
Signature Bank was founded in 2006 for one reason: We knew there was a better way to help mid-sized businesses grow, thrive, and succeed-on both a business level and a personal level. As a mid-sized business owner, you don’t have time to worry about every financial detail to keep your business running smoothly. That’s what…
STEADFAST
Let Us Support Your Digital Transformation A Simpler Way to Get Into the Cloud We know it’s hard to believe. But, it’s true. There is a much simpler way to embark on your cloud journey. While there are many well-known cloud providers, most offer off-the-shelf packages that either don’t address your specific needs or “package” in a…
TANDEM HR
Tandem HR helps our clients focus on mission-critical business objectives by outsourcing the transactional aspects of human resources, workers’ compensation, risk management, employee benefits, and payroll administration. As the largest privately-held Chicago PEO, we pride ourselves on our ability to customize HR solutions. Tandem HR offers a variety of carve-out options and flexible human resource…
