Illinois Launches Back to Business (B2B) NewBiz Program
The application window for the B2B NewBiz program opens on November 30, 2023, and will remain open until January 11, 2024.
The Small Business Advocacy Council has advocated for a program that provides grant funding to businesses that launched in 2020 (prior to the pandemic) and in 2020 and 2021 after the pandemic began. Governor Pritzker and the Illinois Department of Commerce and Economic Opportunity (DCEO) have launched the Back to Business (B2B) NewBiz program, which allocates $25 million for grants to businesses that launched in 2020 and 2021 in certain industries, or businesses started by people that became unemployed during the pandemic.
Details about the grant program, including eligibility and grant sizes, can be found here.
The SBAC will continue to provide important information about funding opportunities for small businesses.
Check out more small business grant opportunities here!
Saul Ewing Employment Update
SBAC INSIGHTS PAGE January 2024Authored by: David G. Shapiro and Marielle C. MacMinnSBAC Partner, Saul Ewing, provides an update on dubious Employee Retention Credit (ERC) claims – “many of which were made at the urging of aggressive promoters. The IRS is offering a limited-time Voluntary Disclosure Program (VDP) to encourage taxpayers to come forward, allowing…
Chicago Paid Time Off Ordinance Final Rules
SBAC INSIGHTS PAGE Helpful Resources: Chicago Labor Laws Educational Resources: You can find law-specific fact sheets for all Chicago Labor Laws, as well as additional resources focused on Chicago’s Paid Leave and Paid Sick Leave Ordinance. Overview of Chicago’s Paid Leave and Paid Sick and Safe Leave Ordinance Webinar – May 22, 2024 Descripción General…
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