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.
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
Economic Incentives for Small Businesses
SBAC INITIATIVES PAGE Economic Incentives for Small Businesses 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 In The News Expand Illinois should focus on helping small businesses, not giveaways to major corporations Making economic incentives available to…
Small Business Property Tax Relief Act
SBAC INITIATIVES PAGE Small Business Property Tax Relief 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 In The News Expand Time for politicians to tackle property taxes
