Supporting Struggling Small Businesses
The pandemic and Covid-19 mitigations began inflicting immense damage to many small businesses in March of 2020. Thousands of small businesses initially applied for Illinois Business Interruption Grants. While these grants helped some small businesses, approximately 80% of eligible small businesses which applied were not awarded a grant.
Subsequently, Illinois received over 8 billion dollars in American Rescue Plan Act funds. However, only $250 million were allocated for Back to Business grant program. These funds will likely be exhausted before many struggling and eligible businesses receive grants.
Illinois still has billions of federal funds and should replenish the Back to Business grant program with an additional $300 million. Our policymakers should not pick winners and loses when there is adequate funding to support the struggling small businesses.
House Bill HB5489 will allocate an additional $300 million for the Back to Business grant program. Please ask your legislators to support this legislation so that struggling small businesses can receive the support they need to recover from a pandemic, and associated mitigations, which they could not control.
PNC Bank – Insights
Insights from PNC Bank We all need more “Insight” into what makes a business successful and how to get there. We are proud to highlight our partner, PNC Bank, and their professional insight into achieving financial success. Follow this link to view all of PNC Bank’s Insights or view snippets of the three most relevant…
Byline Bank – Insights
Byline Bank’s Insights We all need more “Insight” into what makes a business successful and how to get there. We are proud to highlight our partner, Byline Bank, and their professional insight into achieving financial success. Follow this link to view all of Byline Bank’s Insights or view snippets of the three most relevant and…
Chicago Small Business Package: Eliminate Barriers & Streamline Processes
SBAC INSIGHTS PAGE Find and Contact Your Elected Officials HERE! Fact Sheets & Resources Expand Download Quick Fact Sheet Download PDF Fact Sheet in Spanish Fact Sheet in Polish Fact Sheet in Arabic Fact Sheet in Chinese Fact Sheet in Vietnamese Endorsed By: Alderman Anthony Beale Alderman Felix Cardona Alderman Peter Chico Alderman Angela Clay…
