October Voice 2021

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the October 2021 | Volume 34 | No. 10

SMART BUILDING FOR SCHOOLS

ENERGY LAWS FIRE UP

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of the rockford business community

SUPPORTING WORKING WOMEN:

A talent retention strategy It could improve your company’s profitability

By Caitlin Pusateri, Rockford Chamber

Looking to increase the profits of your organization? Check your Executive Team. If you see nothing but suits and ties, your organization is likely lacking gender diversity – and the benefits that come with it. According to McKinsey & Company’s January 2018 Delivering Through Diversity, “Companies in the top-quartile for gender diversity on executive teams were 21% more likely to outperform on profitability and 27% more likely to have superior value creation. The highest-performing companies on both profitability and diversity had more

women in line (i.e., typically revenuegenerating) roles than in staff roles on their executive teams.” But creating an environment that supports working women is more than just promoting them through the ranks (though that doesn’t hurt). For much of the United States’ corporate history, (continued on page 25)

New Chamber Board Members Slated

THE VOICE IS PUBLISHED BY

The Chamber’s nominating committee, headed by board member Michele Petrie, presented a slate of nominees for the Chamber Board of Directors at its September 28 meeting. In announcing the slate of candidates, Chamber President Einar Forsman noted that there were many qualified candidates for each position on the board. “We’re confident those members nominated will represent the Rockford area business community with distinction.” New Board members are recommended to be nominated for a three-year term to begin January 1, 2022 are: Peter Schmeling, Schmeling Construction Co. Christina Valdez Peacock, Prairie Street Brewing Co./CMM & Associates Brent Scott, Wintrust Financial Carol Freisen, OSF HealthCare Saint Anthony Medical Center Dustin Vock, Meiborg, Inc.

Join the Chamber on Social Media

The Voice is online at rockfordchamber.com

Nicole Radford, UW Health Northern Illinois Region For

an

additional

three-year

terms, the following individuals are recommended for reappointment under our bylaws: Denise Sasse, RSM US LLP Alex Stagnaro-Green, University of Illinois College of Medicine Rockford Theresa Sharp, American Precision Supply, Inc. Jean Crosby, Berkshire Hathaway HomeServices Crosby Starck Real Estate Kris Machajewski, YWCA Northwestern Illinois Don Daniels To be elected as an officer for the coming 1-year term, to begin January 1, 2022 and expire December 31, 2022: Chair Elect, Jean Crosby, Berkshire Hathaway HomeServices Crosby Starck Real Estate To be elected as an officer for the coming 2-year term, to begin January 1, 2022 and expire December 31, 2023: Treasurer, John Schuster, Rosecrance Health Network Amy Ott will complete her service on the board on December 31, 2021

FUNDS AVAILABLE THROUGH REBUILD ILLINOIS MAIN STREET AND DOWNTOWN The Illinois Department of Commerce and Economic Opportunity announced the $50 million Rebuild Illinois Main Street and Downtown Capital program to revitalize commercial corridors and main street areas statewide. With the passage of Illinois’ fiscal year 2022 budget, nearly $1.5 billion in American Rescue Plan Act funds will go out to support Illinois’ continued economic recovery, including $250 million in Back to Business grants and $10 million in Tourism Attraction and Festivals Grants. Projects must be located in a commercial center or downtown area. They may include roadways, parking and public way improvements, parks and venues or plazas for public use, sustainability upgrades, structural repairs and mixed-use or transitoriented development. Awards will range from $250,000 to $3 million. Deadline to apply is Jan. 10, 2022. Visit www2.illinois.gov/dceo/ Pages/default.aspx

MARK YOUR CALENDAR!

POW(H)ER

THURSDAY, OCTOBER 28, 8:30a-4:30p

Embassy Suites by Hilton Rockford Riverfront & Rockford Conference Center For more information, see page 31 SPONSORED BY

MILLIONS TO GO OUT IN WORKFORCE RECOVERY ACT GRANTS The DCEO invites eligible organizations to apply for the first round of funding for training programs to prepare Illinois residents for future careers. Through the Job Training and Economic Development program, the DCEO will connect the unemployed, underemployed and underrepresented with employers in need of skilled workers. It also will upskill employers’ existing workers with funding for accessible equity-driven services to those in disadvantaged communities. Eligible entities include private nonprofit organizations (including faith-based organizations), Federal Workforce Innovation and Opportunity Act administrative entities, community action agencies, industry associations and public or private educational institutions. The schedule for technical assistance sessions related to this funding opportunity is available at illinoisworknet.com/JTEDNOFO2021. Application deadline is 5 p.m., on Oct. 29, 2021.


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