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.
City Council Expands Outdoor Dining in Chicago!
Chicago’s City Council passed an ordinance that reinstates policies that expand outdoor dining in Chicago. This ordinance will permit restaurants and taverns to serve customers near the curb, on the sidewalks of adjacent buildings, and in parking areas in proper situations. The ordinance also permits street closures to support local restaurants and taverns should various…
Procurement Bidding Reform Passes both the Illinois House and Senate!
Read S.B. 2192 SB 2192 FACT SHEET Increasing Access to Government Contracts for Small, Minority, and Women-Owned Businesses SB 2192 View the Press Release on SB 2192 The SBAC is excited to announce legislation that will increase access to government contracts for small, minority, and women-owned businesses has passed both the Illinois House and Senate!…
Reduce Recidivism and Grow the Workforce
HB 3418 FACT SHEET Read H.B. 3418 Labor shortage requires unconventional hiring… Expand JPMorgan says labor shortage requires unconventional hiring, including people with criminal records PUBLISHED THU, MAR 10 20224:53 PM EST How hiring individuals with criminal records can benefit workforce… Expand How hiring individuals with criminal records can benefit today’s workforce, according to an…
