The RISE Grant Program
The pandemic has had a significant impact on the Illinois workforce. Small businesses are still struggling to hire qualified employees which has greatly impacted their operations. Illinois policymakers will need to promptly pass forward-thinking policies to help get folks back into the workforce.
The SBAC is advocating for the passage of The RISE Grant Program - HB4455. This legislation connects those interested working in a new field or industry with small businesses struggling to hire new employees. Importantly, HB4455 offsets the costs associated with on-the-job training at the inception of the employer-employee relationship. The legislation provides funding for $5,000 grants which can be awarded to businesses that (1) retrain and hire employees that lost their jobs or businesses because of the pandemic; (2) employ less than 50 employees; and (3) create a new net job.
Illinois received over $8 billion from the American Rescue Plan Act funds. The SBAC contends a responsible portion of those funds should be used to support small businesses struggling to hire new employees. This legislation allocates $250,000,000 in funding for this new grant program. This legislation connects those interested working in a new field, in part, facilitated by the pandemic, with small businesses that are struggling to hire new employees. HB4455 creates opportunities for small businesses, while helping get people back into the workforce.
Ordinance Makes It Easier for Entrepreneurs to Operate Home-Based Businesses in Chicago
The pandemic has cost Chicagoans jobs and recently unemployed individuals may explore starting their own business. However, these budding entrepreneurs may not have the funds to rent space. Indeed, even more established entrepreneurs may need to consider moving their businesses into a residence for the time being given the economic impact of the pandemic. This is…
Crucial Legislation Filed to Get People Back to Work
RISE Action Call – SIGN HERE PRESS RELEASE: CHICAGO, ILLINOIS, UNITED STATES, February 22, 2021 /EINPresswire.com/ — Representative Jennifer Gong-Gershowitz has filed the RISE Act in the General Assembly. The Small Business Advocacy Council (SBAC) urges legislators to pass the RISE Act (Recovery Initiative to Support Employment) to get people back to work and support…
Business Interruption Insurance
WHAT IS BUSINESS INTERUPTION INSURANCE? The COVID-19 pandemic has had a devastating impact on individuals, families and communities. The pandemic is also causing tremendous financial hardship on small and local businesses. Typically, businesses will carry business interruption insurance to cover for potential extended closures caused by extraordinary circumstances. Competent business owners have done their due…
