Legislation To Get People Back To Work
State Representative Gong-Gershowitz has filed the RISE Act. This legislation will get people back to work and support small businesses. The RISE Act (House Bill 0801) creates a tax incentive for businesses that retrain and hire employees who have lost their jobs or businesses because of the pandemic.
Businesses with under 500 employees will receive a $2,500.00 tax credit for retraining and hiring a new employee. Businesses with under 100 employees will receive a $5,000.00 tax credit. An additional tax incentive of $500.00 will be provided if the business is in a disproportionately impacted area (DIA) or if the person being hired resides in a DIA.
Getting people back to work will replace unemployment payments with tax revenue. It will support small businesses and stimulate the economy. Most importantly, this will get people back to work.
Please take action below to contact your legislators and ask them to sponsor the RISE Act! It only takes a moment!
Transforming Vacant Properties into Thriving Small Businesses
SBAC INSIGHTS PAGE The SBAC is thrilled to announce an innovative and important program that will support small businesses and revitalize disinvested Chicago communities. Partnering with Allies for Community Business (A4CB), and with support from We Rise Together: For an Equitable & Just Recovery, we have launched a program that will connect the owners of…
The SBAC Heads to Springfield to Fight for the Small Business Community
Download SBAC Lobby Day Brochure here SBAC INSIGHTS PAGE The Small Business Advocacy Council (SBAC) is gearing up for a crucial visit to the capital on Wednesday, April 10, 2024, as the legislative session commences in our state capital. Building upon the successes of the previous year, we are determined to make significant strides for…
WGN News Highlights Policy Change for Vacant Storefronts
Help Us Reduce Vacancies in Local Communities! SBAC INSIGHTS PAGE WGN News Highlights Policy Change for Vacant Storefronts Vacant storefronts litter neighborhood business districts in disinvested communities, causing blight, impacting safety, and depressing economic activity. Because of the negative impact of vacant properties in neighborhoods across the city, a robust coalition of chambers and place-based…