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.
FY2025 Chicago Budget Hearing Schedule
SBAC INSIGHTS PAGE COMMITTEE ON THE BUDGET & GOVERNMENT OPERATIONS FY2025 Budget Hearing Schedule – Amended Nov 14, 2024 6th Amended Agenda Amended Nov 14, 2024 Download Schedule NOVEMBER Wednesday, November 13th at 10AM NO COMMITTEE MEETING Thursday, November 14th at 10AM NO COMMITTEE MEETING Friday, November 15th at 10AM Chicago Police Department Saturday, November…
Majority of City Council Members Endorse the Chicago Small Business Package
Download Press Release SBAC INSIGHTS PAGE NOVEMBER 20, 2024 FOR IMMEDIATE RELEASE Media Contact: Patti Zikmund // 773-459-3301 // patti@sbacil.org Elliot Richardson // 312-548-8608 // elliot@sbacil.org Majority of City Council Members Endorse the Chicago Small Business Package The Small Business Advocacy Council (SBAC), in collaboration with a robust and diverse coalition of 37 organizations, has secured 30 aldermanic endorsements for…
5/3 Bank – Insights
5/3 Bank – Insights We all need more “Insight” into what makes a business successful and how to get there. We are proud to highlight our partner, 5/3 Bank, and their professional insight into achieving financial success. Follow this link to view all of 5/3 Bank’s Insights or view snippets of the three most relevant…
