recovery

DOWD: Mattoon businesses encouraged to apply for Back to Business recovery program | Local



The Mattoon Arts Council has a new feature artist display area in the north entrance corridor at the Cross County Mall.











The state of Illinois and the Department of Commerce and Economic Opportunity have created a new program to help businesses which were hit the hardest by the pandemic.

The Back to Business (B2B) economic recovery program provides grants for businesses that were adversely affected by the pandemic with grants from $5,000 up to $150,000 to cover operating costs, staffing and/or overhead costs.

The B2B grants are to be focused on the hardest-hit businesses, including entertainment venues, salons, hotels, fitness centers, bars and restaurants. However, other businesses are welcome to apply as well. DIA’s, or Disproportionately Impacted Communities, which include all of Coles County, are also given priority.

To assist

Read More

Downtown retail growth seen as goal in economic recovery

May 21—A plan to recruit and grow retail business in downtown Rochester is part of the Destination Medical Center Economic Development Agency’s response to recovery from the COVID-19 pandemic.

“This has always been on our radar screen, but never more important than coming out of the pandemic,” DMC EDA Executive Director Patrick Seeb told the DMC Corp. board on Thursday.

He pointed to similar efforts earlier in the first five years of the DMC initiative that helped attract hotels to the DMC district and said the hope is to have similar success in growing retail opportunities.

How long will it take Rochester economy to recover from pandemic?

Chris Schad, director of business development for DMC’s Discovery Square District, said efforts will range from creating opportunities for pop-up businesses to temporarily occupy vacant storefronts to encouraging retailers to eventually set up shop permanently in those locations.

“There is a

Read More

Women entrepreneurs are the engine that drives the post-pandemic economic recovery in Latin America, according to study

The 2020 edition of the Mastercard Index of Women Entrepreneurs (MIWE) reveals that clearing the way for female entrepreneurship contains the economic and cultural keys to resurgence.

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!


5 min read

This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.


By Janet Rivera – Hernández, Vice-president of Communications for Mastercard Latin America and the Caribbean.

  • The COVID-19 pandemic negatively affected 87% of the world’s companies led by women.
  • 42% of female entrepreneurs moved their business models to the online universe this year, while 37% are developing new businesses that respond to the needs of the place and the moment, and 34% identified new business opportunities during the pandemic.

The myth of Theseus and the Minotaur tells the story of the hero who defeated the monster

Read More

UK government holds ‘recovery roundtables’ to save jobs

The UK government has stepped up its efforts to involve business leaders in policymaking, as officials look at how to stimulate the economy amid the coronavirus crisis.

With the pandemic and lockdown battering UK firms and warnings of the steepest recession in decades, ministers have asked business chiefs to help shape recovery planning.

The government announced on Monday it will hold the first of a series of “recovery roundtables” including officials, business leaders and academics. Their remit will be to consider how to support recovery and ensure the “right skills and opportunities are in place for our workforce over the next 18 months.”

Analysts increasingly expect recovery to be weak with demand subdued and social distancing curbing activity. Some expect the tapering off of government support as lockdown restrictions ease to spark job losses among workers currently protected through employment schemes.

READ MORE: UK government cuts furlough aid for firms

Read More