As economy looks to re-open, region-wide business recovery program launches to connect businesses with local recovery experts

[June 18, 2020]   This week marks the launch of the Business Recovery Program, a unique collaboration between the Greater Peoria Economic Development Council, Tada Cognitive Solutions, regional Chambers of Commerce, and regional economic development professionals to create a coordinated case management system to support local businesses meet their most pressing needs as they begin to reopen.

Whether it’s payroll stabilization, questions around public health regulations, business development, workforce needs, or other technical assistance, the Business Recovery Program provides a single entrance point for businesses to share their most critical needs and get connected with a local recovery specialist to find solutions.

"For most businesses, getting to reopen signals the beginning of their efforts to recover and return to better than before the pandemic. The Business Recovery Program was built for businesses that have struggled to find help, as well as businesses beginning to reopen, as there will be new challenges to address in the coming months” said Chris Setti, CEO of the Greater Peoria Economic Development Council. “We also know time is of the essence, so we’ve been privileged with the support of Tada Cognitive Solutions to help us create a more coordinated, streamlined, and efficient system to help businesses meet their most pressing needs.”

Tada Cognitive Solutions is a Peoria based software company founded in 2016. The business intelligence company synthesizes an organization’s business model, operating model, and data from disparate sources to create a Digital Duplicate® of the business. This Digital Duplicate®, or digital replica of the business, allows users to traverse freely through the organization’s data silos and make better, more strategic business decisions. Tada’s platform and expertise forms the backbone of the GPEDC Business Recovery Program designed to help Peoria-area businesses quickly connect with local economic development professionals and resources to help them get on track to recovery.

While the Business Response Program is led by Tada Cognitive Solutions and the Greater Peoria Economic Development Council, it is supported by over 30 unique organizations who are providing the capacity to respond to businesses, providing them the support needed to stabilize and recover over the summer months. “This is a great example of our community's ability to pull together and collaborate on how we can best serve our region. It also underlines the importance of locally-owned companies like Tada Cognitive Solutions and their incredible capacity to reinvest in the community in a very difficult time,” states GPEDC CEO Chris Setti.

Participation in the Business Recovery Program is free, and any information shared with case managers will be kept confidential, never to be shared publicly. Businesses can access the BRP and request aid by visiting the following link: www.gpcovid.com.
 

About Greater Peoria Economic Development Council

The Greater Peoria Economic Development Council serves Logan, Mason, Peoria, Tazewell and Woodford counties, a federally designated five-county Economic Development District. In collaboration with our local economic and workforce development partners, we drive economic growth in Greater Peoria through targeted business and talent development and attraction.

About Tada Cognitive Solutions

Founded in 2016, Tada Cognitive Solutions was born out of CGN Global, a Management Consultancy firm specializing in supply chain optimization and digital transformation. Tada helps executive leadership of complex organizations to make better operational decisions by providing them visibility across all the data silos of their business. By creating a digital replica of the organization, Tada users can begin to explore and exploit connections between previously siloed pieces of data. A business user can now navigate their entire business ecosystem by utilizing Tada’s suite of prefabricated,
purpose-built applications ten times faster than traditional IT methods. With Tada, leaders can drive digital transformation and operational change throughout their enterprise.

Partnering Organizations and Agencies

• TADA Cognitive Solutions

• Greater Peoria EDC

• CEO Council

• Peoria Area Chamber of Commerce

• City of Peoria Economic Development

• Morton Chamber & EDC

• City of Washington

• City of Chillicothe

• Village of Elmwood

• Pekin Chamber of Commerce

• City of Pekin

• City of Peoria

• City of Lincoln

• Village of Havana

• Village of Metamora

• University of Illinois Extension

• Illinois Central College

• Career Link

• Tri-County Regional Planning Commission

• Illinois Department of Commerce and Economic Opportunity

• Illinois Small Business Development Center at Bradley

• Minority Business Development Center

• HR Fit

• Anderson HR Consulting

• Illinois Manufacturing Excellence Center

[Brent Baker, Director Workforce Solutions, Greater Peoria EDC]

GPECD and Lincoln Business Recovery Program Buisiness Owners Instructions for the Tada Platform - pfd