Baking Good Legislation
On August 27, Governor Pritzker signed into law the Home-to-Market Act. The Home-to-Market Act allows producers of home-based food products to sell their goods directly to customers. This new law goes into effect on January 1, 2022. This will foster the growth of home-based entrepreneurs, known as the cottage food businesses.
Prior to the passage of the Home-to-Market Act, cottage food producers were only allowed to sell their products at farmer's markets. They were prohibited from selling at fairs or festivals, and online. Compared to other states, Illinois has one of the most restrictive regulations governing the cottage food industry. This new act will open the door for a vast increase in sales and provide cottage producers the opportunity to start or grow their businesses. The Home-to-Market Act comes at the perfect time as many of these home-based food businesses and farms were hit hard by the pandemic. During the pandemic, many farmer's markets delayed their openings, leaving cottage food producers unable to sell their products. The new bill will especially benefit women-owned businesses, as 77% of cottage food businesses are owned by women.
The SBAC is a strong advocate for home-based businesses. Check out our most recent win regarding HBBs.
SBAC PPP Townhall
Wondering what the new PPP stimulus entails and if you can apply? Does it include 501c6s? How is EIDL factored into the PPP this round? This SBAC Townhall answers these questions and more. Click on the youtube timestamp in the description below for a direct link to the answer to the question. Please translate…
SBA Press Release: PPP
The Small Business Association and Treasury have provided important information about the next round of PPP loans. More information from the SBA about the second round of PPP is here. Please translate this page to the language of your choice. Supporters Fifth Third Bank Saul Ewing Arnstein Lehr Inland Bank Ntiva UPS…
PPP Funding Webinar for Businesses and Nonprofits
PPP Funding Webinar for Businesses and Nonprofits SBAC President Elliot Richardson looks forward to participating in a webinar with Congressman Brad Schneider focused on PPP and EIDL funding opportunities for small businesses and nonprofits. Elliot will speak about opportunities and initiatives that can help the small business community recover from the pandemic. Congressman Schneider will have…
