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.
Small Business Mayoral Forum Recap
The Small Business Advocacy Council and a robust number of chambers and organizations hosted a small business mayoral forum. This was a lively discussion about each candidate’s visions for supporting small businesses and neighborhood business districts. We want to thank all of the local chambers of commerce that partnered with us on this important forum.…
SBAC Women in Business: Roundtable on Small Businesses and Child Care
The SBAC Women in Business hosted a virtual roundtable with Chairman Edgar Gonzalez Jr. to discuss accessibility to affordable child care and small businesses. It was an insightful conversation and we sincerely thank Chairman Gonzalez for taking the time out of his busy schedule to join us and for championing this legislation! We look forward…
Welcome Our New BOD Member!
Welcome Sherry Jursa! We’re happy to welcome Sherry Jursa from PNC‘s Business Banking wing to the Empower Board. Sherry holds an MBA from Northern Illinois University and a BA from North Central College in Political Science. With over 15 years’ experience in banking, Sherry is a proven professional who strives to provide excellence while meeting…
