President Biden Signs PPP Extention Act
Attention Small Business Owners: President Biden just signed the PPP Extension Act of 2021 which extends the Paycheck Protection Program an additional two months until May 31st. The Act also provides an additional 30-days for the SBA to process pending applications.
Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration, states: “More than 8.2 million PPP loans have provided struggling small businesses with the relief they need to keep workers employed and make ends meets during this pandemic. The SBA remains dedicated to reaching the heart and soul of the nation’s urban, rural, and low-income communities – the smallest businesses – and removing barriers to access this vital relief.”
You now have until May 31st to apply for your first or second round of PPP funding. For more information, see the SBA’s full release here.
Legislation Focused on Reducing Health Insurance Premiums of Small Businesses
View and Download the SBAC FACT SHEET Legislation Focused on Reducing Health Insurance Premiums of Small Businesses Passes! Governor Pritzker signed legislation focused on protecting small businesses from excessive premium increases and increasing transparency so that consumers can understand the cost drivers of health insurance. This legislation will apply to health insurance plans beginning in…
SBAC Legislative Agenda 2023
2023 SBAC Lobby Day in Springfield SBAC Legislative Agenda 2023 The Small Business Advocacy Council (SBAC) is laser-focused on formulating and fighting to pass policies that support small businesses and local communities. The SBAC’s 2023 agenda includes legislation that will support small businesses struggling to hire and retain employees and stabilize the costs of health…
Procurement Bidding Reform
View and Download the SBAC FACT SHEET Legislation Focused on State Procurement Contracts Passes! The Illinois General Assembly passed legislation focused on helping small businesses receive their fair share of state procurement contracts. This legislation is important for job creation and the success of the state’s small businesses. This legislation will: Require the chief procurement…
