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!
CRMIG
Records Management Services CRMIG is based in the Chicagoland area of Illinois. We offer professional services focused on Records Management and Information Governance. With well over 25 years of experience in the records management field. When it comes to records, most organizations are overwhelmed. This is typically due to the fact that they don’t have…
COACHING FINANCIAL CONCEPTS
Smart, observant, objective resources to improve performance, plan strategies – help you reach the top, and stay on top. Teams, of course, also need coaches, to get the best results… and win. Sports is not just a handy metaphor. Winning the game gives us serious lessons to follow in money matters, like the need for…
DAILY HERALD BUSINESS LEDGER
The Daily Herald Business Ledger is the business resource for suburban Chicago. We inform and educate through a distinctive mix that includes print, digital, and events. For the Reader, Daily Herald Business Ledger is the primary source of local business news and information in suburban Chicago. For the Advertiser, Daily Herald Business Ledger provides access to the executive readers…
