Black And African American Owned Businesses Should Receive Their Fair Share Of State Contracts
Illinois has failed many Black and African American owned small businesses because they have been unable to procure their fair share of state contracts or receive a fair share of the revenue associated with state contracts. Indeed, the failure of Black and African American owned businesses to receive state contracts is stunning. State Representative Will Davis has filed HB 2629 to rectify this situation. There has never been a more important time to support Black and African American owned small businesses.
HB 2629 establishes as a goal that 40% of state contracts be awarded to minority owned businesses and that 20% of all state contracts be awarded to Black and African American owned businesses. The legislation provides that companies will need to return the funds they receive which are allocated but not used to meet these goals.
Please support Black and African American owned small businesses by taking action so they can receive their fair share of state contracts. You can contact your state representative and ask them to sponsor this legislation by filling out the short form below.
It only takes a moment. Thank You!
Town Halls to Support Local and Small Businesses
We’re excited to announce a series of free community town halls focusing on policies that help revitalize neighborhood business districts and support small businesses. These town halls are designed to be informative, and interactive, and to bring communities together. Members and business owners are encouraged to further learn how the SBAC and a coalition of…
Daily Herald Business Ledger Articles with SBAC President Elliot Richardson
Check out all of SBAC President Elliot Richardson’s Daily Herald Business Ledger articles below 2024 2023 2022 2021 2020 2024 January 14, 2024 Robust engagement by the small business community paved the way for big legislative victories last year. 2023 December 10, 2023 Politicians should remember Small Business Saturday October 15, 2023 How small businesses…
5/3 Bank – Informational Articles
Fifth Third Bank – Commitment to Small Business SBAC partner Fifth Third Bank is committed to the success of small businesses. Because “small” is a misnomer for driving the economy and creating jobs in local communities as they have a “big” impact. Fifth Third partners with small businesses to provide the lending, lines of credit,…