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The small business community was increasingly optimistic this summer. The pandemic was waning, restrictions disappeared and customers were coming back in droves.
Vaccinated individuals gathered without masks. While many businesses struggled to find qualified employees, their prospects for recovery looked good.
Then the Delta variant came and COVID cases started to significantly increase. That optimism that defined the small business community has been replaced with concern and uncertainty.
How significant will the spike in Illinois be? What, if any, mitigation measures will be put into place? How will the resurgence of the pandemic impact consumer behavior?
The trajectory of the pandemic may shift again before this article is published. It seems the only thing that remains certain during this pandemic is uncertainty.
Policymakers must be ready to support the small business community should the new surge threaten the viability of small businesses. This includes promptly getting Back to Business grants to as many struggling small businesses as possible. Policymakers have allocated about $300 million for these grants. The onset of the Delta variant makes it crucial to swiftly provide this funding to as many small businesses as possible.
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Press Release – Chicago’s Cut Red Tape Agenda
Chicago’s Cut Red Tape Agenda March 2, 2021 FOR IMMEDIATE RELEASE Contact: Elliot Richardson // 847-380-4900 // Elliot@sbacil.org Cutting unnecessary and burdensome red tape will help Chicago’s small and local businesses recover from the pandemic. Much of this red tape should have been eliminated long ago. The Small Business Advocacy Council and a coalition of…
New PPP Rules for Sole Proprietors and Businesses with 20 or fewer Employees
New PPP Rules for Sole Proprietors and Businesses with 20 or fewer Employees From February 24th to March 9th, the Small Business Administration will accept applications for PPP loans for sole proprietors and businesses with fewer than 20 employees. The move is meant to make it easier for businesses with few or no employees –…
ACTION CALL! Legislation To Get People Back To Work
Legislation To Get People Back To Work State Representative Gong-Gershowitz has filed the RISE Act. This legislation will get people back to work and support small businesses. The RISE Act (House Bill 0801) creates a tax incentive for businesses that retrain and hire employees who have lost their jobs or businesses because of the pandemic.…
