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.
SBAC Lawyers Community
SBAC Lawyers Community If you’re a lawyer looking to connect with other Illinois-based lawyers, join our SBAC Lawyers Community! The Lawyers Community is a great place meet new people and learn about the ins and outs of various legal fields. Visit the Lawyer’s Corner of our website to find resources on frequently discussed legal…
GCG | Course on Benefits Administration
The Course on Benefits Administration is a 4- week, live, online course created and taught by Marcus Newman, RHU where you will learn the important details of administering insurance benefits. This course makes information accessible and covers best practices, plan implementations, record keeping, state and federal regulations, how to make your insurance plan work for…
SBAC Policy Committee
The SBAC policy committee formulates policies that will support the small business community. Our agenda is HERE, but more will undoubtedly be added! Drop us a line and let us know what policies might support your small business. SPONSORS Fifth Third Bank Saul Ewing Arnstein Lehr Inland Bank Tandem HR Interprenet Signature Bank Lexitas Korey…
