October 10, 2023
The SBAC continues fighting for policies that will support small businesses and neighborhood business districts. Here are some updates on our efforts!
Health Insurance
The rising cost of health insurance continues to be a challenge for the small business community. Last spring the SBAC championed legislation focused on reducing premiums for small businesses and increasing transparency so policymakers, and the public, can better understand what drives the costs of health insurance. This legislation passed and will apply to health insurance plans in 2026. This is a big win for small businesses struggling to provide affordable, quality health insurance to employees. Learn more about the bill here.
You can hear SBAC President Elliot Richardson speak about the legislation here!
Property Taxes
The SBAC is formulating its 2024 state agenda and property taxes will be a big priority. We will be advocating for legislation focused on reducing property taxes and providing relief for small businesses. More to come shortly!
Neighborhood Revitalization Caucus
Neighborhood business districts are struggling in Chicago’s disadvantaged communities. We can revitalize neighborhoods by reducing barriers for small businesses and improving the process for entrepreneurs who want to open or grow a business in Chicago.
We are forming a legislative caucus focused on neighborhood revitalization and asking every politician in Chicago to participate. To see which policymakers have already expressed an interest in the caucus click here!
This caucus will focus on revitalizing underserved neighborhoods, supporting local businesses, and fostering economic growth in Chicago.
Please reach out to get involved in the SBAC!
Small Business Grants in Illinois
Financial Growth Opportunities Running a business is hard and small business owners often do not have time to navigate grants, tax credits, and other funding opportunities. We are excited to help. While we cannot cover everything, we will do our best to keep you current on economic incentives that may be available for your business…
SBAC on the Move: Advocating for the Small Business Community
SBAC INSIGHTS PAGE SBAC on the Move: Advocating for the Small Business Community At the SBAC, we’re committed to ensuring that small businesses have a seat at the table regarding policymaking. Over the last few months, the SBAC has heavily engaged with policymakers and community leaders to advocate for small businesses. From forums to roundtables,…
Third Fair Chance Cohort
SBAC INSIGHTS PAGE Calling all employers: Third Fair Chance Hiring Cohort launching in Winter 2025! Join the Fair Chance movement and a growing network of business leaders that recognize the benefit of hiring justice-impacted individuals. What we do: We work with companies to hire, retain, and advance justice-impacted talent (who represent 1 in 3 working-age Americans). We get to…
