the
EBISS GETS CREATIVE
NEW YEAR FOR NEW MARKETING
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January 2021 | Volume 34 | No. 1
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of the rockford business community
Regional business organizations form partnership Combining resources and fast-track goals
THE GREATER ROCKFORD GROWTH PARTNERSHIP — that’s the name of a new organization that has long-term implications for the future success of our region. For two years, members of the boards of the Rockford Area Economic Development Council (RAEDC) and the Rockford Chamber of Commerce (Rockford Chamber) have worked to unify their organizations under the same roof with a common voice for business in the region. Board members of both organizations joined forces to develop values and goals for the new “umbrella” partnership under which the RAEDC and Chamber will retain their individual organizational status. The Greater Rockford Growth Partnership will align the organizations toward the goal of making the Rockford region the number one mid-sized market in the nation for a strong workforce, innovative companies, business startups and leadership development. “Our consultant, Ernst & Young, tells us what we began doing two years ago has quickly become national best practice, and we are on the leading edge of that,” said Committee Co-Chair, Jeff Hultman. “Our research and evaluation
looked at ten models for unification of Chambers and Economic Development organizations nationwide. In studying those, the state of the Rockford region, and where we want to go as a community moving forward, we know now is the time to unify to ensure our community’s success.” Nearby cities are following the trend. St. Louis just announced the unification of five community groups, and the Quad Cities recently moved its economic development council together with its chamber. In working together under one partnership organization, the RAEDC and Rockford Chamber will retain their separate boards and individual focus. Continued on page 6
CHAMBER ANNOUNCES
Manufacturing award winners Photo features large 3D printer built for a customer.
UPDATED ROAD CONDITIONS DURING SNOW-AND-ICE SEASON The Illinois Department of Transportation has available GettingAroundIllinois.com for continually updated information on road conditions for use on computers and optimized for smartphones. The site includes the ability to identify and zoom in to a location, travel route or destination on a state map. Road conditions are recorded by plow drivers out in the field and relayed to GettingAroundIllinois.com through a cloud-based system to provide a general overview on IDOT-maintained highways.
MARK YOUR CALENDAR!
BREAKFAST BUZZ WEDNESDAY, JANUARY 13, 8-10 AM VIRTUAL PLATFORM For more information, see page 8 SPONSORED BY
$300 CASH DEDUCTION FOR 2020 TAXES The Internal Revenue Service issued a notice to remind taxpayers to deduct cash donations when they file their taxes in 2021 of up to $300 they made before Dec. 31, 2020 to qualifying organizations. The CARES Act in 2020 included several temporary tax changes to help charities, including the special $300 deduction for those who take the standard deduction. Nearly nine in 10 taxpayers now take the standard deduction. Individual taxpayers claim an “above-the-line” deduction, which lowers both adjusted gross income and taxable income.
NEW MINIMUM WAGE RATES NEW YEAR’S DAY
THE VOICE IS PUBLISHED BY
The Rockford Chamber is happy to congratulate the 2020 Manufacturer of the Year & Individual Business Catalyst of the Year honorees. This year’s honorees were announced at our 2020 Virtual Celebration of Manufacturing, presented by Illinois Bank & Trust. Join the Chamber on Social Media
Manufacturer of the Year: Ingersoll Machine Tools
The Voice is online at rockfordchamber.com
The Rockford Chamber of Commerce Manufacturer of the Year Award is presented
Chip Storie, CEO of Ingersoll Machine Tools receives the Manufacturer of the Year Award from Chamber CEO Einar Forsman. annually to recognize an outstanding manufacturing company that has used technology to remain competitive and grow. Ingersoll Machine Tools has been a Rockford mainstay for more than 125 years. After reorganizing in 2003, the company developed a mission to be a Continued on page 4
Illinoisans ring in the New Year with a minimum wage of $11 an hour. It will continue to increase $1 an hour each Jan. 1 until it reaches $15 an hour in 2025. The new law maintains provisions for employers to count gratuities to offset wages for workers who regularly earn tips. Tipped employees may be paid 60 percent of the hourly minimum wage. These workers must still earn the minimum wage after receiving tips or the employer must make up the difference. Workers under 18 years old and working fewer than 650 hours a year will earn a minimum wage of $8.50 per hour beginning Jan. 1. The youth minimum wage rate will gradually rise to $13 an hour by 2025.