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R.I.S.E. Act

Recovery Initiative to Support Employment

Small businesses in many industries are struggling and as a result, have no choice but to layoff valued employees. Entrepreneurs and independent contractors in the fields most impacted by the pandemic are also losing their businesses. The COVID-19 pandemic has been unforgiving this winter with more businesses on the brink of failure, and potentially more jobs to be lost.

The Small Business Advocacy Council and Representative Jennifer Gong-Gershowitz have worked to file H.B 0801 that will provide a tax incentive to businesses that retrain and hire new employees. This legislation will help both Illinois workers and employers get back to work after the global slowdown. Small businesses in the technology, healthcare, and manufacturing spaces, as well as other small businesses may be in the position to train and hire unemployed individuals. This proposed tax incentive will help small businesses transition potential employees into new fields.

THE LEGISLATION

This proposed legislation will provide:

 

  • Businesses with under 500 employees, a $2,500.00 tax credit for each net new employee it retrains and hires.
  • Businesses with under 100 employees, a $5,000.00 tax credit for each net new employee it retrains and hires.
  • An additional tax incentive of $500.00 if the business is located in a disproportionately impacted area (DIA,) or if the person being hired resides in a DIA.

 

These tax credits will provide a significant return on investment while putting people safely back to work. The tax revenue generated by getting people back to work and the money saved by reducing unemployment makes this a fantastic investment for Illinois.

SWIFT ACTION REQUIRED

We must pass this jobs act now. With the resurgence of the pandemic, many small businesses will continue to struggle and more people will lose their jobs. By incentivizing job growth through the RISE Act, we can get people safely back to work and rebuild local economies.

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ACTION CALL! Legislation To Get People Back To Work

By mrevis@sbacil.org | February 19, 2021

Legislation To Get People Back To Work State Representative Gong-Gershowitz has filed the RISE Act.  This legislation will get people back to work and support small businesses.  The RISE Act (House Bill 0801) creates a tax incentive for businesses that retrain and hire employees who have lost their jobs or businesses because of the pandemic.…

Business Interruption Grant Program

By mrevis@sbacil.org | February 15, 2021

IL – Many small and local businesses were devastated by the pandemic but only 20% of applicants received Illinois Business Interruption Grants.  Watch coverage of SBAC President Elliot Richardson testifying before the Illinois Senate Commerce Commission about the need for an improved and more inclusive process in the future.   Please translate this page to…

Minority Contracting Reform

By mrevis@sbacil.org | January 8, 2021

QUICK FACT SHEET RECOMMENDATION FOR LEGISLATION Illinois has failed many Black and/or African American owned businesses because they have been unable to procure their fair share of government contracts or receive a fair share of the revenue associated with government contracts. This proposed legislation makes the reforms necessary to ensure that Black and/or African American…

Property Tax Reform Platform

By patti@sbacil.org | December 1, 2020

QUICK FACT SHEET The state of Illinois has the second highest property taxes in the nation. Illinois has 6,918 local units of government as of the latest Census Bureau data, more than any state in the nation. Redundant government entities and a flawed assessment model contribute disproportionately high property taxes. The Small Business Advocacy proposes…

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