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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 American Rescue Plan Act funds.  However, only $250 million was allocated to the new grant program for struggling small businesses.  These funds will likely be exhausted before many eligible businesses receive grants.  With billions of ARPA funds remaining, policymakers should allocate an additional $300 million for grants to struggling small businesses.

Illinois politicians should finish what they started.  They should replenish the Back to Business grant program and promptly get funds to struggling small businesses, some of whom have waited almost two years for a grant to help offset the damage caused by the pandemic and mitigations established to curb the spread of COVID-19.

Please fill out the call to action below and ask your legislators to support struggling small businesses.  Thank you for supporting the small business community!

Insights Archive

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By growthzone | July 10, 2024

DONATE Congrats Patti! Patti is one of the recipients of the Best Networking Mentor award from Networlding! From their LI post: These mentors will now join a vibrant community focused on aiding new adults in kick-starting their careers. Building on the success of my 2002 networking contest, we aim to recreate that magic. Stay tuned…

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DONATE Congrats Scott! Scott has been appointed to the Illinois Health Benefits Exchange Advisory Committee: a committee charged with helping implement the Illinois Health Benefits Exchange to provide affordable health care options for individuals and small businesses. This is due to Scott and the SBAC’s hard work passing a law about this back in 2023.…

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