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.
SBAC Empower’s 2023 Impact Report
Our Impact (Report) SBAC Empower had an incredible year in 2022. We are proud to report our impact in the SBAC Empower 2023 Impact Report. This report is a detailed collection of data from 2019 – 2022 carefully articulated to show the impact we are making in communities throughout Chicagoland. Check out some snippets below…
Ordinance Filed to Reduce Special Use Zoning Fees For Small Businesses
The Small Business Advocacy Council has been working with a strong coalition on efforts to revitalize neighborhood business districts in Chicago. As part of these efforts, we are advocating to reduce fees for small businesses that want to open in Chicago. We are thrilled to report that we have worked with Alderman David Moore to…
Coalition Engagement Sparks New Chicago Zoning Guide
Navigating the zoning rules in Chicago just became easier. The newly released Chicago Department of Business Affairs and Consumer Protection (BACP) Chicago Business Zoning Guide will help small businesses and property owners more easily navigate the zoning process in Chicago. This was crucial as chambers of commerce and small business advocates advised that clear,…
