\ SMALL BUSINESS TAX BREAK
Video: Page (1) of 1 - 03/17/17

SMALL BUSINESS TAX BREAK

By Clip Syndicate

THRIVE program will extend a tax break to small businesses.

http://eplayer.clipsyndicate.com/view/12513/6834259 Video: SMALL BUSINESS TAX BREAK
THRIVE program will extend a tax break to small businesses.
http://chic.clipsyndicate.com/video/playlist/12513/6834259?cpt=8&wpid=2637 Fri, 17 Mar 2017 22:21:05 +0000 SMALL BUSINESS TAX BREAK THRIVE program will extend a tax break to small businesses. http://chic.clipsyndicate.com/video/playlist/12513/6834259?cpt=8&wpid=2637 WCIA ((aaron))the clock is ticking for illinois' leading tax break system.the edge program gives tax breaks for large businesses that create and keep jobs here in illinoisand by the end of april it may be gone..wcia 3's raquel martin tells us about a new plan to get small businesses involved for nearly two decades big businesses across illinois have reaped the benefits of the edge programwhen a company hires more employees they get a tax break .in total the program's offered 1.3 million dollars in tax credits .but small businesses were left out the equation... now -- a possible replacement called thrive could soon change that. linda renehan- springfield antique store owner:"the idea that it wouldn't be quite as difficult to hire somebody gives me the ability to go to the next level and that's what all business owners want"lina renehan just opened an antique shop in november and has big plans. linda renehan- springfield antique store owner:"the idea of having a second store or just being so good that i would be open 7 days of week not 5"and she says thrive could do just that. the program has gained the support of governor rauner and several lawmakers. the idea is to also give small businesses the tools to grow.melissa hamilton- your corner office president:"one small challenge business have when they're starting up is whne is that great time to hire on more staff and acquire more taletnt i think that would be a win win both for the state and for companies.melissa hamilton is a small business consultant in downtown springfield . melissa hamilton- your corner office president:"alot of time it's hard for small business to get resources for themselves she says this could give owners struggling to grow the momentum to succeed.linda renehan- springfield antique store owner:"help all of us, not just help the big guys not just the people that help you but the people that help all of us"- antique store ownerin springfield, raquel martin, wica 3, your local news leader. ((aaron))its important to note another major difference of the thrive program. the tax break is cut in half....from 100 percent to 50 percent



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