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: City Announces New Ways to Partner with the City on Improving Public Safety
“Through these bold new initiatives, all of our residents can play a critical role in keeping our communities safe,” said Mayor Lightfoot. The City of Chicago on Monday announced new city-led initiatives designed to aid residents and businesses in promoting safety within their communities and the city. The initiatives include a Home and Business Protection…
General Assembly Passes Occupational Licensing Reform!
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…
Regulatory Sunset Act Amendment to Help Local Businesses and Entrepreneurs
We did it! Legislation amending the Regulatory Sunset Act passed the Senate unanimously! This bill lowers barriers for licensed applicants while still addressing genuine public safety concerns. After passing in the House – it now moves on to the Governor. Click here to read more about the bill. SPONSORS Fifth Third Bank Saul Ewing Arnstein…
