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or restrictive occupational licenses can support small businesses struggling to hire employees, remove unnecessary or outdated barriers for entrepreneurs, and foster the growth of our economy.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.
Support Small Business and Prevent Foreclosures
The COVID-19 pandemic continues to have a devastating impact on the small business community. Many small businesses are struggling to pay their employees and rent. Commercial property owners cannot pay their mortgage when their small business tenants cannot pay rent. Without swift action, small businesses will fail and foreclosures will skyrocket. Federal Legislation Needed The…
SBAC’s Elliot Richardson on WGN Radio
SBAC’s Elliot Richardson talks with Anna Davlantes on WGN Radio about the impact the pandemic has had on the small business community. There has never been a more important time to stand with small business than right now! Listen to the whole 8-minute interview here: Listen to the Interview Here
Restart Act
THE RESTART ACT The RESTART Act provides a new loan program to fund six (6) months of payroll and fixed operating expenses. Some, or the entirety of the loan, is eligible for forgiveness. The amount that is not forgiven is to be repaid over seven years with favorable interest rates. The loan is 100% guaranteed…
