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.
Hear From our NRC Coalition Partners
The Small Business Advocacy Council and a coalition of engaged stakeholders have come together to revitalize, empower, and connect commercial corridors in the Chicagoland area. This is a collaborative effort involving grassroots engagement, policy advocacy, and educational initiatives. Our coalition looks to address the vacant property crisis in Cook County, cut red tape that burdens…
SBAC Mentoring Program
We are thrilled that one of our very own Mentees is the recipient of such an award! We are so proud of you Walter Mendenhall IV and wish you continued success!! #sbacempower #smallbuisness #sbacempowermentoring #MaleMogul And check out Walter’s Linked In Post: https://www.linkedin.com/feed/update/urn:li:activity:6999124047074648064 Learn more about the SBAC Empower Mentoring Program by clicking here. SPONSORS…
New SBAC Empower Educational Webinars
SBAC Empower strives to provide up to date resources to assist in your small business growth. We are proud to announce new Educational Webinars viewable at your leisure focused on helping small businesses open brick-and-mortar establishments in underserved communities. These webinars review programming that pertains to navigating the process of zoning, licensing, and leasing space…
