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Hispanic Business TV > Chicago > How are rising costs impacting Chicago businesses
Chicago

How are rising costs impacting Chicago businesses

HBTV
Last updated: May 18, 2026 8:50 pm
HBTV
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If it feels like your money just isn’t stretching far these days, you’re definitely not imagining it. From the gas pump to restaurant menus to everyday items, the costs just keep on climbing. And new inflation data not only mirrors what we’re feeling in our wallets, it’s also showing the sharpest increase in three years.

For small businesses, those higher costs can hit from every angle. We talk with local business owners about how they’re adjusting, what they’re cutting back on and what they want customers to understand about this moment.

GUESTS: Elliot Richardson, president of Small Business Advocacy Council

Michael Salvatore, founder, Heritage Hospitality Group

Julie Horowitz, owner of Virtu



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