Illinois Policymakers Should Support Small Businesses
The pandemic and COVID-19 mitigations began inflicting immense damage to small businesses in March 2020. Thousands of small businesses initially applied for Illinois Business Interruption Grants. While these grants helped some small businesses, approximately 80% of applicants were not awarded a grant.
Illinois then received over $8 billion in American Rescue Plan Act funds. However, only $250 million was allocated to the new grant program for struggling small businesses. These funds will likely be exhausted before many eligible businesses receive grants. With billions of ARPA funds remaining, policymakers should allocate an additional $300 million for grants to struggling small businesses.
Illinois politicians should finish what they started. They should replenish the Back to Business grant program and promptly get funds to struggling small businesses, some of whom have waited almost two years for a grant to help offset the damage caused by the pandemic and mitigations established to curb the spread of COVID-19.
Please fill out the call to action below and ask your legislators to support struggling small businesses. Thank you for supporting the small business community!
SBAC Lawyers Community
SBAC Lawyers Community If you’re a lawyer looking to connect with other Illinois-based lawyers, join our SBAC Lawyers Community! The Lawyers Community is a great place meet new people and learn about the ins and outs of various legal fields. Visit the Lawyer’s Corner of our website to find resources on frequently discussed legal…
GCG | Course on Benefits Administration
The Course on Benefits Administration is a 4- week, live, online course created and taught by Marcus Newman, RHU where you will learn the important details of administering insurance benefits. This course makes information accessible and covers best practices, plan implementations, record keeping, state and federal regulations, how to make your insurance plan work for…
SBAC Policy Committee
The SBAC policy committee formulates policies that will support the small business community. Our agenda is HERE, but more will undoubtedly be added! Drop us a line and let us know what policies might support your small business. SPONSORS Fifth Third Bank Saul Ewing Arnstein Lehr Inland Bank Tandem HR Interprenet Signature Bank Lexitas Korey…