SBAC News

Department of Labor Releases Proposed Overtime Rule

DOL Proposes Increase to FLSA Exemption Threshold Contributed by: Jason Tremblay, Saul Ewing Arnstein & Lehr LLP On March 7, 2019, the U.S. Department of Labor released its long-promised proposed rule raising the minimum salary threshold required for workers to qualify for the Fair Labor Standards Act’s exemption threshold to $35,308 annually.  The new rule … more

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SBAC Meet & Greet with Lori Lightfoot

Join the SBAC on March 21st at WeWork-State for a small business focused conversation with mayoral candidate Lori Lightfoot. This is an exclusive opportunity to hear about the issues you care about and network with fellow Chicago business leaders. The event is FREE and includes light refreshments, but space is limited, so register today! You … more

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APPLY NOW – SBAC Venture Pitch Session

Calling all Chicagoland aspiring entrepreneurs – the SBAC Venture Pitch Session is back! Apply today to pitch your company to our expert panel, make key connections and win prizes! The application deadline is April 5th — use this link or the form below to apply – http://bit.ly/SBACPitch2019 This is a great opportunity to showcase your … more

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SBAC Founder on WTTW Chicago Tonight

This week, SBAC Founder & President, Elliot Richardson, appeared on WTTW’s Chicago Tonight. He participated in a panel discussion on what the business community is looking for in the next Chicago Mayor. You can read WTTW’s preview here and view the full segment below.

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ICYMI: SBAC Founder Interview on WVON about 2019 Advocacy Agenda

Last week, SBAC Founder & President, Elliot Richardson, was interviewed for the Perri Small show on WVON. He provided a comprehensive update on our Chicago advocacy agenda and our goals for working with the Pritzker Administration. You can hear the full interview here.

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Top 5 Ways B2B Companies Can Slash Payment Processing Costs in 2019

Top 5 Ways B2B Companies Can Slash Payment Processing Costs in 2019 Contributed By: Andrew O’Connor, Team Merchant If your business does business with other businesses, chances are payment processing makes up a much larger part of your annual expenses than you would like it to. The good news is that “the times, they are … more

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Illinois Minimum Wage Change FAQ

As you know, earlier this month, Governor Pritzker signed a bill into law to increase the minimum wage in Illinois – eventually reaching $15 per hour in 2025. Below is a graphic that outlines the wage increase schedule as well as information about the small business payroll tax credit. If you have any questions, please … more

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Mayoral Candidates Respond on Top Small Business Issue

The Small Business Advocacy Council and our coalition partners are dedicated to making Chicago a better place to own and operate a small business. As Election Day fast approaches, our members are engaged and motivated to elect a candidate that values the small business community. One of the top issues for small businesses and entrepreneurs are the … more

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If Disaster Strikes, Do You Have a Backup Strategy for your Business?

How to plan a reliable backup strategy for your business Contributed By: MXOtech, INC In the event of security breaches or natural disasters that could disrupt your day-to-day operations, all small- and medium-sized businesses (SMBs) should have a reliable disaster and backup recovery plan (DRP). When disaster strikes, how can you ensure that business continues … more

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SBAC Hosts Chciago Mayoral Candidate Forum

The SBAC, along with a robust coalition of Chambers of Commerce and business associations, were proud to host the Chicago Small Business Mayoral Candidate Forum today. With more than 200 attendees on hand, it was the only opportunity to hear the candidates respond directly to questions about the issues impacting the small business community. “The … more

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