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!
SBAC EMPOWER
SBAC Empower rebuilds economically challenged communities by supporting the establishment of new businesses that create employment opportunities, destination branding, and goodwill across Chicago’s business community.
SIGNATURE BANK
Signature Bank was founded in 2006 for one reason: We knew there was a better way to help mid-sized businesses grow, thrive, and succeed-on both a business level and a personal level. As a mid-sized business owner, you don’t have time to worry about every financial detail to keep your business running smoothly. That’s what…
STEADFAST
Let Us Support Your Digital Transformation A Simpler Way to Get Into the Cloud We know it’s hard to believe. But, it’s true. There is a much simpler way to embark on your cloud journey. While there are many well-known cloud providers, most offer off-the-shelf packages that either don’t address your specific needs or “package” in a…
