Back to Business Grant Program
AUG 13th - The Illinois Department of Commerce and Economic Opportunity launched the Back to Business grant program for struggling small businesses on Wednesday. On August 12th, the SBAC participated in a joint Illinois Senate hearing to learn more about the program. We explained how important it is for the program to be transparent and promptly provide funds to as many small businesses as possible. We appreciated the opportunity to engage with Senators and DCEO on this crucial grant program.
Please visit DCEO’s website to learn more about the program. We are glad to answer questions as well. https://www2.illinois.gov/dceo/SmallBizAssistance/Pages/B2B.aspx
The SBAC will be closely watching how the program is implemented.
Restart Act
THE RESTART ACT The RESTART Act provides a new loan program to fund six (6) months of payroll and fixed operating expenses. Some, or the entirety of the loan, is eligible for forgiveness. The amount that is not forgiven is to be repaid over seven years with favorable interest rates. The loan is 100% guaranteed…
R.I.S.E. Act – A Word from RISE Fest Performers
COVID19 has had a devastating impact on many gig workers and independent contractors. During our SBAC Rise Fest, we had a chance to speak candidly with our local performers on how they’ve been affected by the pandemic. They explain the loss in their community, in their work, and how their jobs have shifted. Their stories…
Recommendation for Legislation on Minority Contracting
Illinois has failed to ensure that Black owned businesses procure their fair share of government contracts and revenue from government projects. Loopholes must be closed and reforms be made now! Read the SBAC’s recommendations for legislation to reform the process. Read the Recommendations here
