
Kane Sheriff's Office center that helps people impacted by criminal legal system start businesses launches independently
The Kane County Sheriff's Office's Entrepreneurship Center, which aims to help individuals impacted by the criminal legal system start businesses, is launching as an independent initiative of the sheriff's office, according to a news release from the office.
Previously, the Honorable William H. Hall Entrepreneurship Center had been a Small Business Development Center satellite, the release said, and was supported by the Illinois Small Business Development Center, U.S. Small Business Administration and Waubonsee Community College.
The transition to an independent center was a result of funding changes, the release said.
Regarding Waubonsee's involvement with the center going forward, a spokesperson from the community college said in an emailed statement to The Beacon-News that 'the initiative grew larger than the budget provided,' and that the satellite 'was just the beginning of the plan to scale.' Waubonsee will be continuing its own SBDC-related work, the spokesperson said.
A spokesperson from the Illinois Department of Commerce and Economic Opportunity, which administers Small Business Development Center funding on behalf of the state, confirmed that the department will not be directly involved with the entrepreneurship center in Kane County going forward.
The county's entrepreneurship center will now be funded through detainee commissary funds, like other programs the sheriff's office runs, and through the office's corrections budget, according to Kane County Sheriff Ron Hain.
The center's programming is meant to help individuals who are 'often excluded from traditional entrepreneurship programs,' the release said.
The Kane County Small Business Development Center opened last September, and was meant to help current and former detainees start businesses, according to the county. It evolved from a program that has given detainees the chance to participate in a business plan and pitch competition. Per the county, two former detainees have since launched a catering company and a trucking business.
The sheriff's office also announced recently that the entrepreneurship center would be hosting a free 'Start Your Business' program for justice-involved individuals in Kane County and surrounding areas, including formerly incarcerated individuals and people on probation or parole, according to the news release. Participants will receive instruction on topics like business planning, marketing, financial management and accessing capital, with classes held remotely and in person.
The goal of these efforts is to reduce recidivism, said Judy Dawson, the Sheriff's Office's director of diversion and reentry programs. She noted that individuals who start businesses as a result of this programming can create more jobs for other people who have been incarcerated, forming a sort of 'employment ecosystem.' Those entrepreneurs can also be mentors to individuals who have been affected by the criminal legal system, because they've had similar experiences.
Individuals interested in the class can contact the Sheriff's Office Small Business Development Center coordinator Rudy Gonzalez at gonzalezrudy@kanecountyil.gov or 331-335-0300.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Insider
4 hours ago
- Business Insider
Why ASML is the Most Important Stock You've Never Owned
In the vast tech ecosystem, one under-the-radar titan powers the future of nearly every major chipmaker: ASML Holding (ASML). Far more than just a semiconductor equipment supplier, ASML is a technological gatekeeper, a geopolitical linchpin, and arguably one of the most overlooked long-term growth stories in public markets. Confident Investing Starts Here: Despite ongoing concerns around industry cyclicality and China-related headwinds, ASML continues to solidify its dominance in a space where it faces virtually no actual competition. As 2026 draws nearer, investors may want to tune out the noise and focus on what's unfolding beneath the surface—a company poised to enter a fresh multi-year growth phase, fueled by its unmatched 'NA EUV' technology and a rising tide of national semiconductor reshoring efforts. I remain bullish on ASML, as the company is still in the early stages of commercializing its core offering. The Monopoly Beneath the Silicon Curtain Let's begin with what might be the most open secret in tech: ASML has no true rivals when it comes to extreme ultraviolet (EUV) lithography. None. It is the sole manufacturer of these incredibly complex machines, which are essential for producing chips at the most advanced process nodes. Whether it's the cutting-edge processors powering AI data centers or flagship smartphones, chances are they were built using ASML's EUV technology. These machines don't come cheap. A single EUV scanner can cost upwards of $200 million, contains over 100,000 precision-engineered parts, and takes more than a year to assemble. Yet, chipmaking giants like TSMC (TSM), Intel (INTC), and Samsung (SSNLF) have no alternatives—they simply queue up and wait. That exclusivity has allowed ASML to build a massive moat, not through pricing power alone, but through an unmatched technological lead. Even deep-pocketed rivals like Nikon ($NINOY, $NINOF) and Canon (CAJPY) have exited the EUV race entirely. ASML doesn't just lead the market—it is the market. Concerns about export restrictions, particularly involving China, have surfaced in recent quarters. While it's true that China accounted for 29% of ASML's 2023 revenue, no EUV machines have ever been shipped there. The tighter Dutch export controls—largely encouraged by U.S. pressure—mainly apply to high-end DUV tools. Though valuable, these sales were never the cornerstone of ASML's long-term strategy. Instead, ASML is increasingly aligned with Western and Taiwanese industrial priorities, shifting its geopolitical exposure toward greater long-term stability. What was once viewed as a liability has now become a strategic recalibration—one that positions ASML to thrive at the intersection of technology leadership and national security imperatives. What remains undercounted and underestimated with ASML is how much their business behaves like a high-end service platform. With over 1,500 tools installed globally, ASML's installed base garners a steady stream of recurring revenues from a combination of long-term service contracts, field upgrades, and performance enhancements. In 2024, approximately 23% of total revenue was generated from these activities, and I anticipate that number to rise. This implies that ASML is no more a cyclical, lumpy machinery business, but rather a capital equipment company with platform-like economics. This means big upfront average selling prices with decades of sticky, high-margin service revenue to follow. That flywheel will only be stronger with High-NA systems in the field. Once ASML's tools are deployed in a manufacturing facility, they become mission-critical and highly profitable to service and maintain. The Market Is Miscalculating ASML The market appears to be pricing ASML as a cyclical capital expenditures name rather than a structural enabler of Moore's Law. Despite a monopoly-like economic structure, ASML currently trades at approximately 30x forward earnings, with a PEG of just under 1.5 and a free cash flow yield of around 3%. Therefore, the stock price is reasonable—and I'd say cheap—for a company with this kind of visibility, pricing power, and strategic relevance. The only thing investors need to make this investment work out is patience, perseverance, and a tolerance to withstand geopolitical risks. I understand that the markets are fraught with tension due to the China-U.S. relationship surrounding semiconductors, but I'm bullish on reconciliation soon and a peaceful path to coexistence. As such, I'm staying invested despite the current market trepidation. Is ASML a Buy, Sell, or Hold? According to analysts, ASML has a consensus Strong Buy rating based on three Buys, zero Holds, and zero Sells. The average ASML stock price target is $905, implying a ~21% upside over the next 12 months. I'm more bullish and could easily see the stock trading at $1,100 as macro strength creates investor confidence. Easing tensions between China and the U.S. would signal to markets that it is safe to begin allocating capital fearlessly again in both the East and the West. ASML: The Silent Powerhouse Driving the Future of Chipmaking ASML is a stealthy compounder with an unbreakable technology moat. While others sell grand visions, ASML builds the reality behind them. It's indispensable in the chipmaking ecosystem, boasting resilient economics and technology that's far ahead of the pack. By 2026, investors are poised to see substantial returns as high-NA EUV moves from pilot to full production, sovereign chip foundries ramp up in the U.S. and Europe, and service revenues continue to scale rapidly. ASML offers a powerful blend of secular growth and strategic tailwinds—yet the market still prices it at a discount, for now. If you haven't been paying attention, now is the time. This is the company that makes the entire chip world possible. Quiet, relentless, and precise, ASML leads the way behind the scenes.
Yahoo
15 hours ago
- Yahoo
Andrew Cuomo the biggest target as New York City mayoral primary shifts into high gear
With just under three weeks to go until primary day in the nation's most populous city, the New York City mayoral race is heating up. Nine Democrats running for mayor in the Democratic-dominated city will face off Wednesday night in the first of two debates ahead of the June 24 primary, with early voting starting 10 days earlier, on June 14. And likely in the political crosshairs in the first in-person clash between the candidates will be former New York Gov. Andrew Cuomo, the polling frontrunner. The former three-term governor, who resigned from office in 2021 amid multiple scandals, is aiming for political redemption as he works to pull off a campaign comeback. Scandal-scarred Cuomo The Polling And Fundraising Front-runner In New York City Showdown Cuomo has spent the past four years fighting to clear his name after 11 sexual harassment accusations – which he has repeatedly denied – forced his resignation. He was also under investigation at the time for his handling of the COVID-19 pandemic amid allegations his administration vastly understated COVID-related deaths at state nursing homes. Read On The Fox News App Feds Investigating Cuomo For Allegedly Lying To Congress About Covid Actions But thanks in part to his near-universal name recognition among New Yorkers, Cuomo was topping the mayoral polls even before he announced his candidacy on March 1. With his lead in both the polls and fundraising, Cuomo is likely to be the top target on the debate stage, as rivals zero in on the harassment allegations and his handling of nursing homes during the pandemic. While all of Cuomo's rivals on the stage are likely to pile on, expect Zohran Mamdani, a state Assembly member from Queens, to try to go toe-to-toe with the former governor. Mamdani, a democratic socialist who is originally from Uganda, has been rising in public opinion polls and is now a clear second to Cuomo in the latest surveys. Also taking the stage will be City Council Speaker Adrienne Adams, city comptroller Brad Lander, former city comptroller Scott Stringer, former state Assemblyman Michael Blake from the Bronx, state Sen. Zellnor Myrie from Brooklyn, state Sen. Jessica Ramos from Queens, and former hedge fund executive Whitney Tilson. Click Here For The Latest Fox News Reporting, Analysis, On Andrew Cuomo Absent from the stage on Wednesday night at a debate organized by the city's Campaign Finance Board will be embattled incumbent Mayor Eric Adams. With his poll numbers plummeting, Adams announced in early April that he would run for re-election as an independent candidate. The winner of the Democratic Party mayoral primary will be seen as the overwhelming favorite to win November's general election in the heavily blue city. The debate comes during reports confirmed by Fox News that the Justice Department had opened a criminal investigation into Cuomo after Republicans accused him of lying to Congress about the decisions he made as governor during the coronavirus pandemic. The push to investigate Cuomo came after the Justice Department made the unusual decision earlier this year to dismiss an indictment against Adams on corruption article source: Andrew Cuomo the biggest target as New York City mayoral primary shifts into high gear


Business Wire
15 hours ago
- Business Wire
Angel or Adversary: Deep Instinct Research Highlights the Double-Edged Sword of AI in Cybersecurity
NEW YORK--(BUSINESS WIRE)-- Deep Instinct, the preemptive data security company built on the first and only AI-based deep learning framework for cybersecurity, today released the sixth edition of its Voice of SecOps Report, which delves into the growing influence of AI in business, with a focus on its impact on Security Operations (SecOps). While AI adoption is accelerating, the findings uncover a more complex reality: security teams are limited by knowledge gaps, inconsistent implementation, and mounting operational pressures as they face an increasingly treacherous, AI-driven threat landscape. The research, ' Cybersecurity & AI: Promises, Pitfalls – and Prevention Paradise,' found that nearly three-quarters (72%) of organizations have revised their cybersecurity strategies over the past year due to AI, and a whopping 86% have increased their use of AI within SecOps. Despite the investments, two-thirds of respondents were confused about fundamental AI definitions, with 38% unable to differentiate between machine learning and deep learning – signaling an alarming knowledge gap in the industry. Additional key findings from the report include the following: AI-Powered Cyber Threats Drive a Focus on Prevention As cybercriminals build and adopt AI tools, the nature and scale of attacks have drastically evolved and expanded. Nearly half (46%) of organizations experienced an uptick in targeted phishing attacks, while 43% reported deepfake impersonation attempts. Attacks on local or cloud storage were also a growing concern, cited as a top risk by 83% of respondents, second only to phishing (84%). In response to these AI-powered attacks, 82% of organizations say they have shifted toward a prevention-first security strategy, with 64% noting a direct push from the C-suite to adopt more proactive defense measures. Benefits of AI in Cybersecurity Roles Are Clear, Yet It Unexpectedly Contributes to Burnout SecOps teams appear to be reaping the benefits of AI, with 76% stating it makes their roles easier while saving security teams an average of 12 hours per week on manual processes. However, while GenAI may be simplifying some aspects of SecOps workloads, nearly 70% of security professionals believe AI also contributes to burnout. Regulatory complexity adds another layer of strain, with 32% citing difficulties in keeping up with increasing AI-related policies, and an additional 37% fearing AI-related regulations are a financial penalty waiting to happen. Preemptive Data Security: The New Imperative In the face of mounting threats, operational burnout, and AI confusion, preemptive data security – a subset of Gartner's recently introduced preemptive cybersecurity market category – offers a definitive path forward. By harnessing the power of deep learning to prevent threats before they execute, organizations will reduce risk, ease the burden on SecOps teams, and stay ahead of relentless adversaries. 'The traditional 'detect and respond' cybersecurity model is broken – it's reactive, expensive, and no match for AI-powered threats,' said Lane Bess, CEO of Deep Instinct. 'To win this fight, cybersecurity teams must shift from chasing threats to preventing them. Preemptive data security – powered by deep learning, the most advanced form of AI – is the only way for SecOps teams to regain control and stay ahead of adversaries.' To get the full report and download past Voice of SecOps reports, please visit s. Then register for our webinar, Cybersecurity & AI: Promises, Pitfalls – and Prevention Paradise (2025 Voice of SecOps Research), to learn about the top findings from this year's report. Survey Methodology Sapio Research surveyed 500 senior cybersecurity experts from companies with 1000+ employees in the U.S. The interviews were conducted online in April 2025 using an email invitation and an online survey. Respondents worked at organizations that operated in either financial services, technology, manufacturing, retail, healthcare, public sector, or critical infrastructure (such as telecoms, energy, utilities, and transportation). For this specific report, the C-suite is defined as those who hold chief, global, head of department, or director roles, while reports are those who hold a manager, administrator, analyst, team lead, or officer role. About Deep Instinct Deep Instinct, the first and only preemptive data security company built on a deep learning cybersecurity framework, prevents unknown threats in <20 milliseconds, 750X faster than the fastest ransomware can encrypt. Deep Instinct Data Security X (DSX) secures data at-rest or in-motion – across cloud, NAS, applications, and endpoints. DSX Brain, Deep Instinct's deep learning framework, prevents zero-day threats that no one else can find, with >99% accuracy and a <0.1% false positive rate. DIANNA, the DSX Companion, leverages GenAI to provide unparalleled explainability into unknown threats in <10 seconds. For more, visit