Board of Commissioners of Cook County - File #: 22-4706

• File #: 22-4706
• Version: 2
• Name: REQUESTING A MEETING OF THE COOK COUNTY FINANCE COMMITTEE TO DISCUSS POTENTIAL OPPORTUNITIES TO ADDRESS ACCESS TO CAPITAL CHALLENGES FOR SMALL BUSINESSES IN COOK COUNTY
• Type: Resolution
• Status: Committee Reports
• File created: 7/28/2022
• In control: Finance Committee
• On agenda: 7/28/2022
• Final action: 9/22/2022
• Title: PROPOSED SUBSTITUTE TO FILE 22-4706 Sponsored by: KEVIN B. MORRISON, Cook County Board of Commissioners PROPOSED RESOLUTION REQUESTING A MEETING OF THE COOK COUNTY FINANCE COMMITTEE TO DISCUSS POTENTIAL OPPORTUNITIES TO ADDRESS ACCESS TO CAPITAL CHALLENGES FOR SMALL BUSINESSES IN COOK COUNTY WHEREAS, the Cook County Policy Roadmap, presented by President Preckwinkle in 2018, emphasizes creating Vital Communities through a goal of pursuing inclusive economic and community growth by supporting residents, growing businesses, attracting investment, and nurturing talent; and WHEREAS, the Cook County Policy Roadmap section on Vital Communities contains the objective to, support expanded opportunities for local businesses, women or Black, Brown, Indigenous Nations, and Asian American-owned businesses and firms owned by people living with disabilities and a goal to expand Cook County's toolbox of available resources for small- and medium-sized businesses and entrepreneurs; and WHEREAS...
• Sponsors: KEVIN B. MORRISON, ALMA E. ANAYA, FRANK J. AGUILAR, LUIS ARROYO JR, SCOTT R. BRITTON, JOHN P. DALEY, DENNIS DEER, BRIDGET DEGNEN, BRIDGET GAINER, BRANDON JOHNSON, DONNA MILLER, STANLEY MOORE, SEAN M. MORRISON, TONI PRECKWINKLE (President), PETER N. SILVESTRI, LARRY SUFFREDIN

Date	Ver.	Action By	Motion	Result
9/22/2022	1	Board of Commissioners	approve as substituted	Pass
9/21/2022	1	Finance Committee	accept as substituted	Pass
9/21/2022	2	Finance Committee	recommend for approval as substituted	Pass
7/28/2022	1	Board of Commissioners	refer	Pass

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PROPOSED SUBSTITUTE TO FILE 22-4706


Sponsored by: KEVIN B. MORRISON, Cook County Board of Commissioners

PROPOSED RESOLUTION REQUESTING A MEETING OF THE COOK COUNTY FINANCE COMMITTEE TO DISCUSS POTENTIAL OPPORTUNITIES TO ADDRESS ACCESS TO CAPITAL CHALLENGES FOR SMALL BUSINESSES IN COOK COUNTY

WHEREAS, the Cook County Policy Roadmap, presented by President Preckwinkle in 2018, emphasizes creating Vital Communities through a goal of pursuing inclusive economic and community growth by supporting residents, growing businesses, attracting investment, and nurturing talent; and

WHEREAS, the Cook County Policy Roadmap section on Vital Communities contains the objective to, support expanded opportunities for local businesses, women or Black, Brown, Indigenous Nations, and Asian American-owned businesses and firms owned by people living with disabilities and a goal to expand Cook County's toolbox of available resources for small- and medium-sized businesses and entrepreneurs; and

WHEREAS, the Board of Commissioners supports that goal and seeks to see greater opportunity for small businesses and entrepreneurs to thrive in their districts; and

WHEREAS, in 2020, the Board of Commissioners passed a resolution calling for an outside evaluation of the suburban Cook County small business ecosystem and the needs of those small businesses; and

WHEREAS, Cook County retained Next Street to conduct this evaluation and present the findings to the Cook County Economic Development Advisory Committee's Small Business sub-committee; and

WHEREAS, the resulting report and data from Next Street's evaluation led to recommendation and launch of several programs including small business grant programs, manufacturing grant programs, and the Cook County Small Business Source; and

WHEREAS, the Cook County Equity Fund Report released in 2022 includes a policy recommendation to develop the small business and entrepreneurship ecosystem, especially for Black and Latine residents, to...