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!
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…
