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!
REVITALIZATION IN THE NEWS: 51st Corridor Development
Vacant land being transformed to a multi-purpose unit! A development duo on the South Side of Chicago is bringing more restaurants, retail and housing to 51st Street Corridor. This multi-purpose unit will be built on a vacant space. Developments such as this are perfect examples of what can be done with the large number of…
Thank you for attending Rebound on the Rooftop!!
THANK YOU for attending our Rebound on the Rooftop on May 11, 2022!! It was such a beautiful evening, the weather was PERFECT, and we are so glad we got to see so many of you in person again! If you weren’t able to make it, we missed you! And we hope we’ll see you…
SBAC Empower Presents: What to Ask Before Opening Your Doors
What to Ask Before You Open Your Door SBAC Empower partners with Logan Square Chamber of Commerce to present a Q&A session on Zoning, Real Estate and Funding aimed at small business owners looking to open a new business in the city of Chicago. Click on the Video to open in YouTube and jump to…
