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 President: Chicago Politicians Must Choose Small Business Over Politics
SBAC President Elliot Richardson writes in Crain’s Chicago Business that Chicago politicians must choose small businesses over politics and cut needless red tape now. Please translate this page to the language of your choice. Supporters Fifth Third Bank Saul Ewing Arnstein Lehr Inland Bank Ntiva Daily Herald…
Post Pandemic Real Estate Trends
The SBAC presents a webinar on Post-Pandemic real estate trends. Elliot Richardson, President, SBAC Frank Binetti, Inland Bank Steve Horvath, Conlon Commercial Anthony Zeoli, Freeborn & Peters, LLC Please translate this page to the language of your choice. Supporters Fifth Third Bank Saul Ewing Arnstein Lehr Inland Bank Ntiva Daily Herald Tandem HR Interprenet…
SBAC Action Call – Urge Chicago Aldermen to Cut Unnecessary Red Tape
Urge Chicago Aldermen to Cut Unnecessary Red Tape! Chicago politicians must put small businesses and Chicago’s economic recovery over politics. There has never been a more important time for policymakers to work together to cut unnecessary red tape that hurts small businesses and local communities. Small businesses presently need Chicago’s City Council to approve their…
