Supporting Struggling Small Businesses
The pandemic and Covid-19 mitigations began inflicting immense damage to many small businesses in March of 2020. Thousands of small businesses initially applied for Illinois Business Interruption Grants. While these grants helped some small businesses, approximately 80% of eligible small businesses which applied were not awarded a grant.
Subsequently, Illinois received over 8 billion dollars in American Rescue Plan Act funds. However, only $250 million were allocated for Back to Business grant program. These funds will likely be exhausted before many struggling and eligible businesses receive grants.
Illinois still has billions of federal funds and should replenish the Back to Business grant program with an additional $300 million. Our policymakers should not pick winners and loses when there is adequate funding to support the struggling small businesses.
House Bill HB5489 will allocate an additional $300 million for the Back to Business grant program. Please ask your legislators to support this legislation so that struggling small businesses can receive the support they need to recover from a pandemic, and associated mitigations, which they could not control.
Back to Business Grants Action Call
Illinois Policymakers Should Support Small Businesses The pandemic and COVID-19 mitigations began inflicting immense damage to small businesses in March 2020. Thousands of small businesses initially applied for Illinois Business Interruption Grants. While these grants helped some small businesses, approximately 80% of applicants were not awarded a grant. Illinois then received over $8 billion in…
Cutting Red Tape in Zoning: Neighborhood Revitalization Coalition
How can we cut red tape for small businesses through zoning? In the City of Chicago, every business license, location expansion and change of location application needs to be reviewed and approved by the Zoning Board of Appeals before a business license application can be processed. For a business owner to submit proper documentation, they…
Neighborhood Development and Investing with Community Investment Corp. & Woodlawn
Please join the Woodlawn Chamber of Commerce and the Community Investment Corporation (CIC) via Zoom to discuss targeted investments and working with the organization. Hear about community investment ideas. Learn about the Woodlawn – specific lending program. Understanding steps to work with CIC. Register here: https://www.ticketfalcon.com/e/cic/ SPONSORS Fifth Third Bank Saul…
