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SBAC Advocacy Update

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!

Insights Archive

What Chicago Retailers Should Know About The Kiosk Ordinance

By growthzone | May 6, 2024

SBAC INSIGHTS PAGE An ordinance has been filed which will impose a tax on retailers that use automated self-checkout kiosks. This ordinance taxes retailers $20,000.00 for each automated self-checkout kiosk operated at their establishment. The burden for paying this tax cannot be shifted onto customers. There are record-keeping requirements and other rules set forth by…

The Healthcare Protection Act: What Small Business Owners Should Know About the Bill

By growthzone | May 1, 2024

Download PDF here SBAC INSIGHTS PAGE SBAC INSIGHTS PAGE

Small Business Economic Impact Analysis Template

By growthzone | April 30, 2024

Small Business Economic Impact Analysis Template Rule change: ______________________________________________________________________________________________ ____________________________________________________________________________________________________________ ____________________________________________________________________________________________________________   NAICS 2-digit codes of small businesses being impacted: ___________________________________________________ _____________________________________________________________________________________________________________   Estimated number of small businesses being impacted: _____________________________________________________   List how the rule will impact the following categories for a small business:         Hiring and staffing: _____________________________________________________________________________________    …

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