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.
REVITALIZATION IN THE NEWS: Chicago Recovery Grants
“City funding will support more than $137 million in neighborhood investments.” Twenty-six new and expanded restaurants, health centers, cultural institutions and other neighborhood improvement projects will move forward through more than $33.5 million in Chicago Recovery Plan (CRP) grants announced by Mayor Lori E. Lightfoot and City officials. This funding is all available through…
Illinois Republican Gubernatorial Meet the Candidates Series
The SBAC hosted a meet the candidate series for the republican candidates running for Illinois Governor. You can listen to the discussions here! Mayor Richard Irvin Senator Paul Schimpf Max Solomon Jesse Sullivan Gary Rabine Senator Darren Bailey The primaries will be held on June 28th. SPONSORS Fifth Third Bank Saul Ewing Arnstein Lehr Inland…
Secretary of State Candidate Forum
Thank you State Representative Brady, City Clerk Anna Valencia, and Alderman David Moore for joining us last week at our Illinois Secretary of State Candidate’s Forum! The Secretary of State’s office provides important services to small businesses and can help improve the confidence the small business community has in our government. Hear opening statements from…
