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Revitalize Local Businesses and Neighborhoods

Thriving commercial corridors support local communities across Chicago and Cook County.  Prior to the pandemic, however, many corridors struggled.  As Chicago emerges from the pandemic and local communities confront a new economic landscape, a strong coalition of stakeholders is needed to advocate for policies and initiatives which will revitalize, empower and connect commercial corridors and neighborhoods.

  • Advocacy Initiatives:
    • Reduce Commercial Vacancies:  We are advocating for an ordinance that will reduce commercial vacancies in struggling Cook County commercial corridors.  One line and the ordinance
    • Encourage Local Investment: We are researching and formulating policies that will encourage local investment in local businesses and neighborhoods
    • Reduce Red Tape:  We are formulating policies to reduce red tape which impacts small businesses in struggling commercial corridors

Check out the full Neighborhood Revitalization Coalition (NRC) website here.

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prevent foreclosures 2020

Support Small Business and Prevent Foreclosures

By steve@sbacil.org | November 9, 2020

The COVID-19 pandemic continues to have a devastating impact on the small business community. Many small businesses are struggling to pay their employees and rent. Commercial property owners cannot pay their mortgage when their small business tenants cannot pay rent. Without swift action, small businesses will fail and foreclosures will skyrocket. Federal Legislation Needed The…

SBAC’s Elliot Richardson on WGN Radio

By steve@sbacil.org | November 9, 2020

SBAC’s Elliot Richardson talks with Anna Davlantes on WGN Radio about the impact the pandemic has had on the small business community. There has never been a more important time to stand with small business than right now! Listen to the whole 8-minute interview here: Listen to the Interview Here

Restart Act

By steve@sbacil.org | November 9, 2020

THE RESTART ACT The RESTART Act provides a new loan program to fund six (6) months of payroll and fixed operating expenses. Some, or the entirety of the loan, is eligible for forgiveness. The amount that is not forgiven is to be repaid over seven years with favorable interest rates. The loan is 100% guaranteed…

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