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SBAC Advocacy Update

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!

Insights Archive

SBA Press Release: PPP

By growthzone | January 11, 2021

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…

PPP Funding Webinar for Businesses and Nonprofits

By growthzone | January 10, 2021

PPP Funding Webinar for Businesses and Nonprofits SBAC President Elliot Richardson looks forward to participating in a webinar with Congressman Brad Schneider focused on PPP and EIDL funding opportunities for small businesses and nonprofits. Elliot will speak about opportunities and initiatives that can help the small business community recover from the pandemic. Congressman Schneider will have…

Legislation to Help Black Owned Businesses Receive a Fair Share of State Contracts

By growthzone | January 8, 2021

READ H.B 2629 HERE TAKE ACTION Black Owned Businesses Deserve Access to Government Contracts Illinois has failed Black and African American owned businesses by failing to provide them access to state contracts.  For too long, they have been denied a fair share of state contracts and revenue.  Legislation has been filed to ensure Black and…

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