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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

Property Tax Reform

By growthzone | December 1, 2020

Citizens Empowerment Act The state of Illinois has the second highest property taxes in the US. Property taxes are a huge burden on Illinois residents and small businesses, and often drive people out of the state. Illinois also has 6,918 local units of government, according to the latest Census Bureau data, which is more than…

Make Minority Contracting Reforms Now

By growthzone | November 25, 2020

The COVID-19 pandemic has had a devastating impact on the small business community. With businesses struggling, government contracts are even more important to many small businesses, including minority owned businesses with limited cash reserves and access to capital. The failure of governmental entities at all levels to ensure that minority businesses receive a fair share…

Urge Politicians to Make PPP Loans Deductible

By growthzone | November 24, 2020

ACTION CALL: Urge Politicians to Make PPP Loans Deductible to Support Small Businesses The Paycheck Protection Program Flexibility Act of 2020, or PPP, was passed in order to provide small businesses across the United States crucial relief during widespread government shutdowns due to the COVID-19 pandemic. These loans can be forgivable when proceeds are used…

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