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SBAC News

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…

Occupational Licensing Reform

By growthzone | November 9, 2020

READ H.B 4012 Why Occupational Licensing Needs Reform Occupational licenses are issued to protect the public’s health, safety and welfare. The number of required licenses in Illinois has grown from a handful in the 1950’s to over 430 today. Policymakers across the political spectrum are challenging states to examine occupational licensing and its impact on…

Recommendation for Legislation on Minority Contracting

By growthzone | November 9, 2020

Illinois has failed to ensure that Black owned businesses procure their fair share of government contracts and revenue from government projects. Loopholes must be closed and reforms be made now! Read the SBAC’s recommendations for legislation to reform the process. Read the Recommendations here

SBAC and Fifth Third Bank Present: Post Election Commentary by Jeff Korzenik

By growthzone | November 9, 2020

A Post Election Commentary Presented by: Jeff Korzenik Managing Director, Chief Investment Strategist,  Fifth Third Investment Management Group Discussion Points: Post-Election Policy and Market Implications Current State of the U.S. Economy: Differences and Similarities with Past Downturns The Impact of Monetary and Fiscal Intervention Health Risks and Unintended Consequences The Post Pandemic Economy: Disrupted Industries, Disrupted…

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