The RISE Grant Program
The pandemic has had a significant impact on the Illinois workforce. Small businesses are still struggling to hire qualified employees which has greatly impacted their operations. Illinois policymakers will need to promptly pass forward-thinking policies to help get folks back into the workforce.
The SBAC is advocating for the passage of The RISE Grant Program - HB4455. This legislation connects those interested working in a new field or industry with small businesses struggling to hire new employees. Importantly, HB4455 offsets the costs associated with on-the-job training at the inception of the employer-employee relationship. The legislation provides funding for $5,000 grants which can be awarded to businesses that (1) retrain and hire employees that lost their jobs or businesses because of the pandemic; (2) employ less than 50 employees; and (3) create a new net job.
Illinois received over $8 billion from the American Rescue Plan Act funds. The SBAC contends a responsible portion of those funds should be used to support small businesses struggling to hire new employees. This legislation allocates $250,000,000 in funding for this new grant program. This legislation connects those interested working in a new field, in part, facilitated by the pandemic, with small businesses that are struggling to hire new employees. HB4455 creates opportunities for small businesses, while helping get people back into the workforce.
WE’RE IN IT WITH YOU Those are powerful words coming from the people you know and trust. The people who’ve earned your respect and believe in you. With that as our measuring stick, at Inland Bank we’re in it with you too. It is in the way we listen, the way we ask questions and…
Stellar Customer Service. World-class Interpreters. Innovation and Technology. Flexible Pricing. Interprenet provides customized language solutions with a personable human touch coupled with advanced technology. Reach out to us today to learn more about the Interprenet advantage.
Korey Richardson LLP is a full-service law firm with a particular focus on representing businesses in commercial litigation disputes. Our goal is to provide aggressive representation for our clients at the lowest possible cost. We also strive to counsel our clients through the litigation process to help to remove as much anxiety and uncertainty as…