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Pandemic Makes Student Debt Relief Crucial Over 45 million Americans collectively owe an approximate $1.6 trillion in student loans. This exorbitant debt stifles our economy and impedes the mobility of young Americans who thought going to college would provide financial security. The economic impact of the pandemic has put Americans further into debt and has…
Chicago’s Cut Red Tape Agenda March 2, 2021 FOR IMMEDIATE RELEASE Contact: Elliot Richardson // 847-380-4900 // Elliot@sbacil.org Cutting unnecessary and burdensome red tape will help Chicago’s small and local businesses recover from the pandemic. Much of this red tape should have been eliminated long ago. The Small Business Advocacy Council and a coalition of…
New PPP Rules for Sole Proprietors and Businesses with 20 or fewer Employees From February 24th to March 9th, the Small Business Administration will accept applications for PPP loans for sole proprietors and businesses with fewer than 20 employees. The move is meant to make it easier for businesses with few or no employees –…
Legislation To Get People Back To Work State Representative Gong-Gershowitz has filed the RISE Act. This legislation will get people back to work and support small businesses. The RISE Act (House Bill 0801) creates a tax incentive for businesses that retrain and hire employees who have lost their jobs or businesses because of the pandemic.…
