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.
Transparency Bill for Government Contracts
View and Download the SBAC FACT SHEET Legislation Focused on Small Businesses Seeking State Contracts Passes! The Illinois General Assembly passed legislation focused on important reforms to the bidding procedures for state contracts. Winning a state contract can be a game-changer for a small business. While much attention is focused on luring large businesses to…
14th Annual SBAC Golf Outing RETURNS
It’s that time of year again! Time to start thinking about the… 14th Annual SBAC Golf Outing 2023 Tuesday, June 6, 2023 The Preserve at Oak Meadows We had such a great turn out last year and made so many fantastic memories with you all (check out pics from last year to the…
Taking Advantage of Your Membership
We want to ensure you are getting the MOST out of your membership at the SBAC. As a member-driven organization, YOU are our top priority, Want to know how to maximize your membership investment? Get involved and join us one Tuesday for our policy committee! Come join us at our Golf outing! Update your information…
