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.
SUPPORT NEIGHBORHOOD BUSINESS DISTRICTS
SUPPORT NEIGHBORHOOD BUSINESS DISTRICTS BY REDUCING COMMERCIAL VACANCIES Struggling neighborhood business districts are often plagued by vacant properties. These commercial vacancies impact local economies, foster criminal activity and devastate communities. Local governments can reduce the property taxes owed by commercial property owners when their properties, or a portion of those properties, are vacant. While most…
SBAC Business Buzz – January 2022
SBAC Business Buzz – January 2022 Welcome to the inaugural episode of our new video series, SBAC Business Buzz, featuring Elliot Richardson’s update on SBAC initiatives impacting the Illinois small business community. Today’s 3-minute recap focuses on Back to Business Grants, Workforce, Occupational SPONSORS Fifth Third Bank Saul Ewing Arnstein Lehr Inland Bank Ntiva Daily…
Press Release: Illinois Legislative Leaders Support a Small Business Agenda
JANUARY 18, 2022 FOR IMMEDIATE RELEASE Media Contact: Patti Zikmund // 773-459-3301 // patti@sbacil.org The Small Business Advocacy Council (SBAC), and a coalition of 50 state-wide business organizations, is working with Illinois political leadership on multiple pieces of legislation supporting small business for the upcoming General Assembly. The legislation will foster the recovery of small businesses,…
