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.
Businesses with under 500 employees will receive a $2,500.00 tax credit for retraining and hiring a new employee. Businesses with under 100 employees will receive a $5,000.00 tax credit. An additional tax incentive of $500.00 will be provided if the business is in a disproportionately impacted area (DIA) or if the person being hired resides in a DIA.
Getting people back to work will replace unemployment payments with tax revenue. It will support small businesses and stimulate the economy. Most importantly, this will get people back to work.
Please take action below to contact your legislators and ask them to sponsor the RISE Act! It only takes a moment!
Relief for Small Businesses
The Back to Business (B2B) Grant: The Small Business Advocacy Council fights for legislation that will support the small business community and neighborhood business districts. We also understand the importance of providing information about programs that can benefit entrepreneurs and small businesses. Illinois policymakers have launched another round of Back to Business grants (B2B) that…
Small Business Grants for Minority Owned Businesses
It’s tough to run a small business. We know that funding is always top of mind at all times. In an effort to keep our small business owners informed of possible grants as they become available, we will list some as they become available and the criteria for applying. We encourage you to take advantage…
Daily Herald Business Ledger Articles with SBAC President Elliot Richardson
Check out all of SBAC President Elliot Richardson’s Daily Herald Business Ledger articles below 2023 2022 2021 2020 2023 March 5, 2023 Transparency will empower the small business community February 5, 2023 Making economic incentives available to small businesses January 8, 2023 Small business advocacy in 2023: Hitting the ground running 2022 December 11, 2022…
