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!
Welcome Our New BOD Member!
Welcome Sherry Jursa! We’re happy to welcome Sherry Jursa from PNC‘s Business Banking wing to the Empower Board. Sherry holds an MBA from Northern Illinois University and a BA from North Central College in Political Science. With over 15 years’ experience in banking, Sherry is a proven professional who strives to provide excellence while meeting…
Small Business Mayoral Forum
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Many chambers of commerce were devastated by the pandemic. However, this did not stop them from providing crucial support to local businesses. The SBAC is thrilled to report that Illinois politicians have provided 5 million dollars to support the recovery of chambers of commerce in Illinois. The SBAC has been working to procure this funding…
