John Schmeltzer

Archibald Candy Corp. on Monday announced it will sell its Fannie May and Fanny Farmer stores and shut down its West Loop factory--putting 625 employees out of work and ending...

The number of microloans given to businesses by U.S. banks rose 45 percent in the 2001-02 fiscal year, according to a report by the U.S. Small Business Administration's Office of...

The Air Force has gone online in its efforts to attract small and minority-owned businesses interested in doing work for the military. The effort to expand suppliers serving the Air...

ECONOMIC GROWTH 3rd-quarter sizzle Economic output in the third quarter might have grown even faster than the red-hot 7.2 percent originally estimated by the Commerce Department. The revised figures, to...

Thomas Sullivan, 37, the fifth chief counsel for advocacy since Congress created the Small Business Administration's Office of Advocacy in 1976, admits that never having owned or worked for a...

More than 40 angel funds, including two from Chicago, banded together last week to form the Angel Capital Alliance, an organization that backers hope will lead to more investment money...

Chicago's procurement department will host women and minority-owned firms in its seventh annual conference intended to expand the list of companies qualified to do business with the city. At McCormick...

U.S. Rep. Donald Manzullo (R-Ill.), whose proposal stem the tide of job losses to overseas markets is bottled up in the House Ways and Means Committee, said the legislation could...

Small-business owners can now turn to the Web to measure the risk of expanding their operations overseas. American International Group Inc., in cooperation with the U.S. Chamber of Commerce and...

Federal officials recently issued new rules to open the federal procurement process to more small businesses. Many small businesses have been prevented from bidding on federal projects because agencies would...