Archive for March 2021
PPP Deadline Extended To May 31st
PPP Deadline Extended To May 31st President Biden Signs PPP Extention Act Attention Small Business Owners: President Biden just signed the PPP Extension Act of 2021 which extends the Paycheck Protection Program an additional two months until May 31st. The Act also provides an additional 30-days for the SBA to process pending applications. Administrator Isabella Casillas Guzman,…
Read MorePRESS RELEASE: BIG Legislation for Small Businesses
PRESS RELEASE: BIG Legislation for Small Businesses BIG LEGISLATION FOR SMALL BUSINESSES March 25, 2021 FOR IMMEDIATE RELEASE Contact: Elliot Richardson // 847-380-4900 // Elliot@sbacil.org Illinois small businesses are fighting to recover from the pandemic. However, the Department of Commerce and Economic Opportunity reports that out of the 40,000 businesses that applied for a Business…
Read MoreBlack And African American Owned Businesses Should Receive Their Fair Share Of State ContractsÂ
Black And African American Owned Businesses Should Receive Their Fair Share Of State Contracts Black And African American Owned Businesses Should Receive Their Fair Share Of State Contracts Illinois has failed many Black and African American owned small businesses because they have been unable to procure their fair share of state contracts or receive a…
Read MoreBIG Legislation for Small Businesses
BIG Legislation for Small Businesses READ H.B 1860 HERE READ S.B 1982 HERE BIG LEGISLATION FOR SMALL BUSINESSES President Biden has signed The American Rescue Plan Act (H.R 1319) into law. Accordingly, the State of Illinois is expected to receive $7.549 billion in funds to foster recovery from the COVID-19 pandemic. A robust coalition of small…
Read MoreAre You Prepared for a PPP Loan Audit?
Are You Prepared for a PPP Loan Audit? Are You Prepared for a PPP Loan Audit? Keeping records related to the PPP funding is two-pronged. First, the organization had to submit the application and supporting records for the PPP application. Second, records must be maintained to prove how those accepted funds were spent to sustain…
Read MoreRebuilding Starts Now
Rebuilding Starts Now REGISTER Rebuilding Starts Now – Register Today! https://growthzonesitesprod.azureedge.net/wp-content/uploads/sites/1735/2021/02/Save-the-Date-RLB.mp4 Insights Archive Insights Archive Select Month April 2024 March 2024 February 2024 January 2024 December 2023 November 2023 October 2023 August 2023 July 2023 June 2023 May 2023 April 2023 March 2023 February 2023 January 2023 December 2022 November 2022 October 2022 August 2022…
Read MorePANDEMIC MAKES STUDENT DEBT RELIEF CRUCIAL
PANDEMIC MAKES STUDENT DEBT RELIEF CRUCIAL Pandemic Makes Student Debt Relief Crucial Over 45 million Americans collectively owe an approximate $1.6 trillion in student loans. This exorbitant debt stifles our economy and impedes the mobility of young Americans who thought going to college would provide financial security. The economic impact of the pandemic has put…
Read MorePress Release – Chicago’s Cut Red Tape Agenda
Press Release – Chicago’s Cut Red Tape Agenda Chicago’s Cut Red Tape Agenda March 2, 2021 FOR IMMEDIATE RELEASE Contact: Elliot Richardson // 847-380-4900 // Elliot@sbacil.org Cutting unnecessary and burdensome red tape will help Chicago’s small and local businesses recover from the pandemic.  Much of this red tape should have been eliminated long ago.   The…
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