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, head of the U.S. Small Business Administration, states: “More than 8.2 million PPP loans have provided struggling small businesses with the relief they need to keep workers employed and make ends meets during this pandemic. The SBA remains dedicated to reaching the heart and soul of the nation’s urban, rural, and low-income communities – the smallest businesses – and removing barriers to access this vital relief.”
You now have until May 31st to apply for your first or second round of PPP funding. For more information, see the SBA’s full release here.
General Assembly Passes Occupational Licensing Reform!
General Assembly Passes Occupational Licensing Reform Occupational licenses can create unnecessary barriers for Illinois residents looking to start new jobs. Occupational licenses can also create roadblocks for entrepreneurs that would like to start new businesses. House Bill 5576 unanimously passed the Senate and will go to the Governor! This legislation builds on the current licensing…
Regulatory Sunset Act Amendment to Help Local Businesses and Entrepreneurs
We did it! Legislation amending the Regulatory Sunset Act passed the Senate unanimously! This bill lowers barriers for licensed applicants while still addressing genuine public safety concerns. After passing in the House – it now moves on to the Governor. Click here to read more about the bill. SPONSORS Fifth Third Bank Saul Ewing Arnstein…
REVITALIZATION IN THE NEWS: West Garfield/Chatham Pop!
“The activation of underutilized West and South side properties is a key strategy to revitalize neighborhood commercial corridors with active, people-oriented activities,” Commissioner Cox said. The City of Chicago announced on Thursday, the creation of two new public plazas located in West Garfield Park and Chatham. These projects are a part of the Department of…
