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 Advocacy Council Applauds Niles Township Job Skills Development Grant Program
Small Business Advocacy Council Applauds Niles Township Job Skills Development Grant Program “It is uplifting to see Niles Township take a proactive approach to help their businesses and residents recover from the pandemic. This program is an excellent example of how local governments can help spark economic development by supporting small businesses and creating good…
The REST Act Supports Small Businesses! (H.R.3725)
The REST Act Supports Small Businesses! (H.R.3725) The SBAC is strongly supporting legislation filed by Representative Newman designed to cut taxes on entrepreneurs and small businesses across the country. The Relief and Equity for Small Businesses through Tax (REST) Act adjusts Section 199A of the Internal Revenue Code to increase the deduction of qualified business…
SBAC Sponsors Run to End Homelessness
July 17th – July 25th The SBAC is proud to sponsor A Safe Haven’s Run/Walk to End Homelessness! This is a virtual event where you can Run or Walk and choose your distance. We would love for you to join the SBAC Team and run/walk with us. Help us raise money to fight to end…
