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.
The SBAC Heads to Springfield to Fight for the Small Business Community
The SBAC Heads to Springfield to Fight for the Small Business Community The Small Business Advocacy Council (SBAC) is heading to the capitol on Tuesday, November 15, 2022. We will be focused on procuring relief for local chambers of commerce devastated by the pandemic during the short legislative session this fall. It is imperative our…
SBAC 2022 Legislative Agenda
SBAC 2022 Legislative Agenda The Small Business Advocacy Council (SBAC) is laser-focused on formulating and fighting to pass policies that support small businesses and local communities. Learn more about our 2022 Legislative Agenda here: Legislative Agenda SPONSORS Fifth Third Bank Saul Ewing Arnstein Lehr Inland Bank Tandem HR Interprenet Signature Bank Lexitas Korey Richardson Open…
*CLOSED* the Cook County Small Business Source Grow Grant Program!
Apply for the Cook County Small Business Source Grow Grant Program! The SBAC advocates for the small business community in numerous ways, including by disseminating important information about programs that will support small businesses. The Cook County Small Business Source Grow Grant program will provide grants to certain small businesses still struggling to recover from the pandemic.…
