With President Donald Trump once again taking up the mantle of Commander in Chief, we have already seen a flurry of changes in his first few weeks in office. With funding freezes, higher costs, and steep interest rates, it is hard for small businesses to truly flourish. <\/p>\n\n\n\n
We are seeing this now take part in Rockford, Il. Rockford is a very blue collared city filled with many hard workers who own local small businesses. One of them being a favorite Italian market, Ditullio’s. Anthony Ditullio has been the owner of Ditullio\u2019s for over two decades now. Serving the Rockford community with the finest of Italian sandwiches, along with providing a shop full of Italian ingredients, drinks, snacks, etc. \u201cIt\u2019s not about the money for me, it never has been. \u201cI love my job, and I love being able to provide for the people of this city that has given me so much,\u201d said Ditullio. Anthony stated how it has been difficult to keep up with a full stock, as well as ordering new products for his customers with the rising taxes that small businesses are enduring. <\/p>\n\n\n\n
Another small business in Rockford that is taking a hit is Salamone\u2019s. Salamones in a restaurant that offers fine dining, a beautiful bar, and a great atmosphere. With only two locations open in the area, and despite the immense success they have seen, the owners Benny, and Phil Salamone are starting to take hits of their own. \u201cThis hasn\u2019t really affected us yet. We’re looking to be prepared when it does,”said Phil. Benny Salamone also added to this saying that they\u2019ve had to cut a few costs just in case they face any financial difficulties moving forward. The Salamones are looking ahead to the future and are even talking about opening a third location in the Chicago area.<\/p>\n\n\n\n
Some small businesses remain optimistic about the future. They feel as if these high interest rates and taxes will be lowered by the end of 2025. One of these businesses being a local hockey shop by the name of Pete\u2019s Skate shop. Pete\u2019s has been owned by Pete Scordato and has been serving the hockey community in Rockford for over 20 years, and has even ventured into selling lacrosse gear as well. Pete is very passionate about this topic saying, \u201cI don\u2019t think this will last long at all. I think the small businesses, especially in the Rockford area will be just fine.\u201d In addition to this, Scordato thinks with the NHL Four Nations Tournament going on, as well as the \u201chype\u201d surrounding this NHL season that he will see an influx in sales moving forward.<\/p>\n\n\n\n
With the potential threat of decreased wages looming over the head of small business owners, they are taking steps forward to insulate themselves from the negative impacts of recent White House Efforts.<\/p>\n","protected":false},"excerpt":{"rendered":"
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