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 Financing Transparency Act
SBAC INITIATIVES PAGE Small Business Financing Transparency Act Find and Contact Your Elected Officials HERE! Resources & Fact Sheets Expand Download Quick Fact Sheet Download One-pager View House Bill Language View Senate Bill Language
Employee Ownership Act
SBAC INITIATIVES PAGE Employee Ownership Act Find and Contact Your Elected Officials HERE! Resources & Fact Sheets Expand Download Quick Fact Sheet Download One-Pager Employee Ownership 101 Employee Ownership Types In The News Expand The Big Benefits of Employee Ownership Building Public Support for Employee Ownership: Lessons from Colorado
Child Tax Credit
SBAC INITIATIVES PAGE Child Tax Credit Find and Contact Your Elected Officials HERE! View an op-ed on the Child Tax Credit by Minna Pomeroy, Leverage People, and Leslee Cohen, All Rise Legal Counsel HERE! Resources & Fact Sheets Expand Download Quick Fact Sheet Download One-Pager View House Bill Language View Senate Bill Language
