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.
OpEd: Crains Chicago Business
February 08, 2022 11:34 AM A Labor Shortage Creates an Opportunity to Help the Homeless Illinois politicians should engage those leading the fight against homelessness and also engage small-business advocates to explore how to prepare homeless individuals for a return to the workforce. NELI VAZQUEZ ROWLAND ELLIOT RICHARDSON Read the FULL OpEd HERE SPONSORS…
Revitalization in the News: Chicago Recovery Plan Funding Available!
There’s still funding bids available through the City of Chicago and the Chicago Recovery Plan. “The Chicago Recovery Plan invests over $1.2 billion in new and existing initiatives. Over the lifespan of the Chicago Recovery Plan, there will be frequent opportunities to partner with Chicago organizations and we look forward to these partnerships.” The…
NRC Community Survey Has Been Extended!
Thriving commercial corridors and neighborhood business districts can support local communities across Chicago and Cook County. However, many commercial corridors are struggling. We are looking for your feedback and insight on how to revitalize and empower commercial corridors. Please take a moment to fill out this short survey so we can better understand the needs…
