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!
Conversation on Property Taxes with Commissioner Cabonargi
Conversation on Property Taxes with Cook County’s 2nd District Board of Review Commissioner Michael Cabonargi The SBAC hosted Cook County’s 2nd District Board of Review Commissioner Michael Cabonargi and his Chief of Staff Roland Lara to discuss property assessments and tax appeals. It is important to remind small business owners of their right to appeal…
Thank you to all Participants at the SBAC Golf Outing!
Thank you to all who came out to celebrate the SBAC on August 18th, 2021 at Cog Hill. We all had a great time. Miss it? Or just want to relive some memories? Take a gander at our lovely Digital booklet highlighting our volunteers and sponsors. AND – Check out our FB page for all…
The Delta Variant and the Small Business Community
The small business community was increasingly optimistic this summer. The pandemic was waning, restrictions disappeared and customers were coming back in droves. Vaccinated individuals gathered without masks. While many businesses struggled to find qualified employees, their prospects for recovery looked good. Then the Delta variant came and COVID cases started to significantly increase. That optimism…
