“A strong pandemic economic recovery includes recognizing that some communities have long been denied their fair share of resources,” said Governor JB Pritzker.
The Illinois Department of Commerce and Economic Opportunity has announced on Monday, January 10th that $8.4 million in new additional grants will be available to small businesses and commercial corridors. This is a part of the final round of the Rebuild Destressed Communities Program.
Black And African American Owned Businesses Should Receive Their Fair Share Of State Contracts
Black And African American Owned Businesses Should Receive Their Fair Share Of State Contracts Illinois has failed many Black and African American owned small businesses because they have been unable to procure their fair share of state contracts or receive a fair share of the revenue associated with state contracts. Indeed, the failure of Black…
BIG Legislation for Small Businesses
READ H.B 1860 HERE READ S.B 1982 HERE BIG LEGISLATION FOR SMALL BUSINESSES President Biden has signed The American Rescue Plan Act (H.R 1319) into law. Accordingly, the State of Illinois is expected to receive $7.549 billion in funds to foster recovery from the COVID-19 pandemic. A robust coalition of small business advocates are asking that…
Are You Prepared for a PPP Loan Audit?
Are You Prepared for a PPP Loan Audit? Keeping records related to the PPP funding is two-pronged. First, the organization had to submit the application and supporting records for the PPP application. Second, records must be maintained to prove how those accepted funds were spent to sustain the business or the purpose of the funding.…
