City Council has passed a PTO ordinance that provides greatly expanded paid and sick leave for Chicago employees. The ordinance, however, subjects small businesses to crushing penalties and lawsuits. Many small businesses will also be unable to comply with the mandates of the ordinance by the end of the year. This is an open letter sent to Chicago City Council members asking that amendments be made that protect small businesses and provide a reasonable grace period before the implementation of the ordinance.
Small businesses drive Chicago’s economy and neighborhood businesses create jobs for local residents. We are asking alders to make amendments to the PTO ordinance that provide necessary safeguards to protect Chicago small businesses.
Business Interruption Insurance
WHAT IS BUSINESS INTERUPTION INSURANCE? The COVID-19 pandemic has had a devastating impact on individuals, families and communities. The pandemic is also causing tremendous financial hardship on small and local businesses. Typically, businesses will carry business interruption insurance to cover for potential extended closures caused by extraordinary circumstances. Competent business owners have done their due…
SBAC PPP Townhall
Wondering what the new PPP stimulus entails and if you can apply? Does it include 501c6s? How is EIDL factored into the PPP this round? This SBAC Townhall answers these questions and more. Click on the youtube timestamp in the description below for a direct link to the answer to the question. Please translate…
SBA Press Release: PPP
The Small Business Association and Treasury have provided important information about the next round of PPP loans. More information from the SBA about the second round of PPP is here. Please translate this page to the language of your choice. Supporters Fifth Third Bank Saul Ewing Arnstein Lehr Inland Bank Ntiva UPS…
