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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.

Insights Archive

Main Street Lending Proposal

By mrevis@sbacil.org | January 2, 2021

 SUMMARY   The Federal Reserve established the Main Street Lending Program (the “Program“) to help aid small and medium-sized for-profit businesses and nonprofit organizations who were in sound financial condition before the onset of the COVID-19 pandemic and who were unable to get aid under any of the other COVID-19 related relief programs (e.g. under…

PPP Funding for Businesses and Non-Profits Webinar

By mrevis@sbacil.org | January 1, 2021

WATCH: Congressman Brad Schneider from Illinois’ 10th district, Bo Steiner from the Small Business Administration, and Elliot Richardson President of the SBAC spend one hour answering questions about the second round of PPP relief. The SBAC is grateful to have had the chance to participate in this webinar on PPP Funding for Businesses and Non-Profits.…

What 2021 Could Mean for Small Businesses

By patti@sbacil.org | January 1, 2021

January 20, 2021 By Elliot Richardson Small Business Advisory Council SBAC President Elliot Richardson’s column discusses the Business and Economic Outlook Forum hosted by the Daily Herald Business Ledger.  The piece highlights the need for legislation that provides financial resources for small businesses to retrain and hire Illinoisans who have lost their jobs or businesses…

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