October 10, 2023
The SBAC continues fighting for policies that will support small businesses and neighborhood business districts. Here are some updates on our efforts!
Health Insurance
The rising cost of health insurance continues to be a challenge for the small business community. Last spring the SBAC championed legislation focused on reducing premiums for small businesses and increasing transparency so policymakers, and the public, can better understand what drives the costs of health insurance. This legislation passed and will apply to health insurance plans in 2026. This is a big win for small businesses struggling to provide affordable, quality health insurance to employees. Learn more about the bill here.
You can hear SBAC President Elliot Richardson speak about the legislation here!
Property Taxes
The SBAC is formulating its 2024 state agenda and property taxes will be a big priority. We will be advocating for legislation focused on reducing property taxes and providing relief for small businesses. More to come shortly!
Neighborhood Revitalization Caucus
Neighborhood business districts are struggling in Chicago’s disadvantaged communities. We can revitalize neighborhoods by reducing barriers for small businesses and improving the process for entrepreneurs who want to open or grow a business in Chicago.
We are forming a legislative caucus focused on neighborhood revitalization and asking every politician in Chicago to participate. To see which policymakers have already expressed an interest in the caucus click here!
This caucus will focus on revitalizing underserved neighborhoods, supporting local businesses, and fostering economic growth in Chicago.
Please reach out to get involved in the SBAC!
Phil Gafka – Insights & Blogs
Phil has been a mentor with us for a minute now and he’s always willing to help where there is need. Perhaps you joined us last summer when he hosted our first ever Lunch-and-Learn on leadership, a quality he demonstrated well then. Phil’s also a writer, and he frequently updates his website with blogs he’s…
Saul Ewing Employment Update
SBAC INSIGHTS PAGE January 2024Authored by: David G. Shapiro and Marielle C. MacMinnSBAC Partner, Saul Ewing, provides an update on dubious Employee Retention Credit (ERC) claims – “many of which were made at the urging of aggressive promoters. The IRS is offering a limited-time Voluntary Disclosure Program (VDP) to encourage taxpayers to come forward, allowing…
Chicago Paid Time Off Ordinance Final Rules
SBAC INSIGHTS PAGE Helpful Resources: View the first English webinar on Chicago’s Paid Leave and Paid Sick and Safe Leave Ordinance HERE. View the first Spanish webinar on Chicago’s Paid Leave and Paid Sick and Safe Leave Ordinance HERE. Frequently Asked Questions (FAQs) Flyer Informational Flyer The Department of Business Affairs and Consumer Protection (BACP)…
