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.
Our Annual SBAC Golf Outing is BACK!
IT’S OFFICIAL! WE’RE GOING GOLFING! We are thrilled to announce that registration for the 13th Annual SBAC Golf Outing is NOW OPEN! The annual golf outing is a chance to relax and have fun with fellow SBAC members and guests! And it’s in-person! So invite your golf buddies and join us on Wednesday, June 29, 2022…
Legalization of Sandwich Signs to Help Local Businesses
After persistent support from the SBAC to legalize sandwich signs, in June 2021, Chicago Alderman voted to adopt a new policy on sandwich signs, which will go into effect NEXT WEEK. On March 1, 2022, Chicago small businesses can officially use “A-frame” or sandwich signs on the sidewalk to drive foot traffic into their stores.…
REVITALIZATION IN THE NEWS: Two Locally Owned Grocery Stores Underway on West Side
This comes after decades of disinvestment. After decades of disinvestment, two new grocery stores are being built on Chicago’s West Side – something residents have long awaited as other grocery store chains close up shop. The SBAC and our robust collation of partners are committed to revitalizing, empowering, and connecting local business districts across…
