the January 2020 | Volume 33 | No. 1
2020 VISION FOR ROCKFORD
SPX: 40 YEARS OF KEEPING THE FLOW
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of the rockford business community
Small business owners
PARK DISTRICT TO HOST HEARING FOR PROPOSED 2020 BUDGET
RECORD
The Rockford Park District Board of Commissioners voted in November to hold the line on property taxes for the sixth year in a row. Heading into 2020, the district faces another $1.4 million deficit and is working on a number of options to reduce it. The proposed budget, which includes new levy figures, was presented on Dec. 10, 2019. The public has been given 30 days to review it before a public hearing on Jan. 14, 2020 at 5:00. Formal approval of the 2020 budget will take place at that board meeting.
CONFIDENCE
“Although we hear media reports of many larger businesses retrenching, in most industries, small business continue to thrive.” JESSICA MOSER, SENIOR VP, SMALL & SPECIALTY BUSINESS, METLIFE
Employers are experiencing record high levels of confidence about their businesses and financial future, according to data from the 2019 Q4 MetLife & U.S. Chamber of Commerce Small Business Index. The survey of 1,000 small business owners shows that 71.3 percent currently have a “strong outlook” on the small business environment and optimism about their own business health in the fourth quarter; up 0.6 points from the third quarter, and the highest since the index’s inception. Small business owners with a positive outlook on their local economies also increased three percentage points from the third quarter to 59 percent. More than half
(57 percent) believed the U.S. economy to be in good health. In first quarter of 2019, only 53 percent did. Midwest small businesses ranked the most optimistic concerning the national economy at 62 percent. “This quarter’s findings emphasize that small businesses are one of the backbones of our economy,” said Jessica Moser, senior vice president, small & specialty business, MetLife. “Although we hear media reports of many larger businesses retrenching, in most industries, small businesses continue to thrive, and many indicate plans to expand, whether by increasing headcount, increasing investment in the business, or both.” Continued on page 3
Rockford Chamber welcomes new board members
Brent Bernardi, Alpha Controls & Services LLC
THE VOICE IS PUBLISHED BY
Eric Fulcomer, Ph.D. Rockford University
The Rockford Chamber welcomed the following new board members for three-year terms beginning on Jan. 1. ■ Brent Bernardi, Alpha Controls & Services LLC
The Voice is online at rockfordchamber.com
Rob Young, Midwest Packaging and Container
■ LaVonne Brown, Savant Capital Management ■ Paula Carynski, OSF Saint Anthony Medical Center
■ Eric Fulcomer, Ph.D., Rockford University
■ Sam Castree, Staff Management, Inc.
■ Carly Lamonica, LaMonica Beverages, Inc.
Network
■ Rob Young, Midwest Packaging and Container Join the Chamber on Social Media
Carly Lamonica, LaMonica Beverages, Inc.
A number of board members also were reappointed for additional threeyear terms:
■ John Schuster, Rosecrance Health ■ Karl Swanson, Illinois Bank & Trust ■ Michael Iasparro, Hinshaw & Culbertson LLP Dan Ross, Fehr Graham, was named chair elect for a one-year term.
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MARK YOUR CALENDAR!
ANNUAL
Chamber Dinner THURSDAY, JAN 23 GIOVANNI’S
For more information, see page 23 SPONSORED BY
TAKE THE UNIFIED STATE PLAN BUSINESS COMMUNITY SURVEY Illinois Governor J.B. Pritzker seeks your feedback on a brief survey. Every four years, the governor is required to submit a state workforce development plan to release funds under the federal Workforce Innovation & Opportunity Act. This Unified State Plan outlines a four-year strategy for coordinating all of the state’s workforce development programs. A full draft of the 2020 plan is available for review at www.illinoisworknet.com/ wioastateplan. The survey outlines the plan’s economic analyses and strategies and seeks your reactions. Take it at www.surveymonkey.com/r/USPBIZ.
NEW ALL-DAY BUS PASS Rockford Mass Transit District now offers passengers an adult all-day pass option for $3, valid for unlimited rides on the day the fare is purchased. RMTD heard this request numerous times from customers as a part of its Comprehensive Mobility Study. A half-fare, all-day pass also is available for students and persons with disabilities with appropriate ID for $1.50. This is a substantial discount when riding the bus more than twice on the day of purchase, and avoids the need for transfers and restricted time limits. Visit rmtd.org.