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.
Chicago Paid Leave and Paid Sick and Safe Leave Ordinance
A press conference was held at City Hall to highlight concerns with the PTO ordinance and ask that changes to the ordinance be made. Hear from business owners, community advocates, and local chambers who passionately discussed their concerns and suggested possible improvements to the ordinance below. Over 30 chambers of commerce and place-based organizations sent…
GRCC & SBAC Empower | Business Development Program
A New Program w/ The Greater Roseland Chamber of Commerce Just this morning – as of writing – SBAC Empower, Andrea Reed of The Greater Roseland Chamber of Commerce, and Chris Lautenslager of Get Looped LLC finalized our discussion on the future Mentoring and Business Building program coming to the GRCC in the Near Future!…
SBAC Advocacy Update
October 10, 2023 The SBAC continues fighting for policies that will support small businesses and neighborhood business districts. Here are some updates on our efforts! Health Insurance The rising cost of health insurance continues to be a challenge for the small business community. Last spring the SBAC championed legislation focused on reducing premiums for small…
