CBS 2 Chicago wbbm7801059 670 The Score

Local

Chicago Lags Behind Small-Business Hiring Trend

View Comments
Business is booming at Teresa Ging's Sugar Bliss cupcake shop. (CBS)

Business is booming at Teresa Ging’s Sugar Bliss cupcake shop. (CBS)

Don't Miss This

CHICAGO (CBS) — Nearly one out of every four small businesses plan to hire in the next six months, a new survey says. But that’s not necessarily the case here in Chicago.

Teresa Ging’s cupcake business is cooking.

“Since I’ve opened, every month has been better than the next month,” she told CBS 2’s Dana Kozlov.

That’s no small feat, considering Ging opened her Sugar Bliss storefront in the Loop in January 2009, right after the U.S. economy collapsed. And the icing on the cupcake? She expects the business to grow even more this year.

“When we started we had seven employees. Right now we have 13, and we’re probably going to add two more people in the next six months,” Ging said.

One new survey suggests Ging is among a group of small business owners who expect to hire more workers this year. But the same survey shows that while 24 percent nationwide expect to add jobs, only 15 percent in Chicago share the same optimism.

“There are a number of different factors that make the Chicago market unique for small business owners and entrepreneurs,” says Rod Shrader, a professor of entrepreneurship at University of Illinois at Chicago. “One is the fact that there is a bit of economic uncertainty as well as political uncertainty.”

The uncertainty includes questions about a new mayor’s policies and concerns over higher taxes in Illinois. 

“The small business owners that I’ve been talking to for the last couple of years have all said that they are in classic wait-and-see mode,” said Raman Chadha, executive director of the Coleman Entrepreneurship Center at DePaul University. “They are also, by the way, looking for other means to grow their business without adding staff.”

Still, experts say, some job additions are better than none at all. Ging’s happy she’s part of it.

But there may be a downside to the upside. That same PNC survey shows more small business owners expect to raise prices this year, too, to keep their profit margins intact.

View Comments
  • Ryan

    I’m a big fan of Sugar Bliss, their cupcakes are fancy but still maintain that comfort food feel to it so glad to see they’re doing great. The perfect Chicago cupcake compared to the NY and LA styles which try to make cupcakes into something a cupcake isn’t supposed to be.

  • http://anyt.limewebs.com/archives/2011/04/04/chicago-lags-behind-small-business-hiring-trend-%c2%ab-cbs-chicago/ Chicago Lags Behind Small-Business Hiring Trend « CBS Chicago | Anything You Want

    [...] more from the original source: Chicago Lags Behind Small-Business Hiring Trend « CBS Chicago Categories: Business Tips, Entrepreneurship Click here to cancel reply. Name [...]

blog comments powered by Disqus
Listen Live!

RSS Most Popular News

Follow CBS Chicago

Like us on foursquare

RSS Contests & Promotions

  • Marquette County Convention & Visitors Bureau Post Game Show Giveaway May 10, 2013
    Listen to The Score’s Baseball Post Game Show for your chance to win a $100 lodging gift certificate from the Marquette County Convention & Visitors Bureau!
  • OREO Text-In Giveaway May 6, 2013
    The OREO King Size single serve packs are ideal for on the go snacking and sharing. To celebrate OREO King Size packs, text the keyword “OREO” to 67011 to enter for your chance to win a $250 Visa gift card!
  • Enjoy Golf’s Best Round With GREY GOOSE Vodka May 1, 2013
    Enjoy Golf’s Best Round this season with GREY GOOSE Vodka! Visit your participating retailer today and purchase one 750 mL or larger bottle of GREY GOOSE Vodka to receive one free round of golf!
  • Rivers Casino’s Baseball Fever Giveaway May 1, 2013
    Get Baseball Fever at Rivers Casino Sundays & Tuesdays in May! You could win great prizes and up to $25,000. Plus print out the WILD CARD that can help you win even more!
WBBM Newsradio 780, Radio Stations & Broadcast Companies, Chicago, IL

Twitter Updates