General Assembly Passes Occupational Licensing Reform
Occupational licenses can create unnecessary barriers for Illinois residents looking to start new jobs. Occupational licenses can also create roadblocks for entrepreneurs that would like to start new businesses.
House Bill 5576 unanimously passed the Senate and will go to the Governor!
This legislation builds on the current licensing review process by collecting important information about the requirements associated with obtaining a license, so they can be more comprehensively reviewed by the General Assembly. This legislation will provide crucial information which can help legislators evaluate occupational licenses and eliminate or modify them when appropriate.
Modifying or eliminating overly burdensome or restrictive occupational licenses can support small businesses struggling to hire employees, remove unnecessary or outdated barriers for entrepreneurs, and foster the growth of our economy.
We are thankful to our partners at the IJ Clinic on Entrepreneurship for their collaboration. We are grateful to Representative Ammons and Senator Koehler for their leadership in moving this legislation forward.
Main Street Lending Proposal
SUMMARY The Federal Reserve established the Main Street Lending Program (the “Program“) to help aid small and medium-sized for-profit businesses and nonprofit organizations who were in sound financial condition before the onset of the COVID-19 pandemic and who were unable to get aid under any of the other COVID-19 related relief programs (e.g. under…
PPP Funding for Businesses and Non-Profits Webinar
WATCH: Congressman Brad Schneider from Illinois’ 10th district, Bo Steiner from the Small Business Administration, and Elliot Richardson President of the SBAC spend one hour answering questions about the second round of PPP relief. The SBAC is grateful to have had the chance to participate in this webinar on PPP Funding for Businesses and Non-Profits.…
What 2021 Could Mean for Small Businesses
January 20, 2021 By Elliot Richardson Small Business Advisory Council SBAC President Elliot Richardson’s column discusses the Business and Economic Outlook Forum hosted by the Daily Herald Business Ledger. The piece highlights the need for legislation that provides financial resources for small businesses to retrain and hire Illinoisans who have lost their jobs or businesses…
