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!
Common Sense Licensing Reform
SBAC INSIGHTS PAGE COMMON-SENSE LICENSING REFORM There are 132 occupational licenses in Illinois. Let’s reflect on that for a moment and consider whether there are ways to protect the safety, welfare, and health of the public without needlessly hurting entrepreneurs and small businesses. The red tape associated with monitoring and enforcing all these licenses also…
Former SBAC ACTION CALL: Contact Your Legislators on Economic Incentives
SBAC INSIGHTS PAGE SBAC ACTION CALL: Contact Your Legislators on Economic Incentives Please consider reaching out to your legislators and asking them to sponsor the Small Business Job Creation Tax Credit Act and Small Business Property Tax Relief Act. Below are current sponsors of this legislation, so if you reach out to them, it can…
Small Business Impacts of New Rules
SBAC INITIATIVES PAGE Small Business Impacts of New Rules Find and Contact Your Elected Officials HERE! Resources & Fact Sheets Expand Download Quick Fact Sheet Download One-Pager
