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Big Win for Chicago Home Based Businesses Big Win for Chicago Home Based Businesses “This is a crucial time to support entrepreneurs with the dream of launching and growing their businesses in Chicago. This ordinance will unleash Chicagoans looking to build a business that will support local communities,” said SBAC co-founder and President Elliot Richardson.…

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The SBAC is Fighting to Help the Small Business Community Recover from the Pandemic and Thrive ADVOCACY The SBAC is fighting to help the small business community recover from the pandemic and thrive.  Learn about our legislative agenda here:   SBAC – Legislative Agenda Categories Action Calls Advocacy Events Information Member Benefits Member Relations Premier…

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Press Release – Chicago’s Cut Red Tape Agenda 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…

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ACTION CALL! Legislation To Get People Back To Work 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…

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Rebuilding Lives and Businesses Hard-working Americans had no idea what was coming in February of 2020.  It seemed unfathomable that many small businesses would face the possibility of permanently closing or their employees would be without jobs in the spring.   With the resurgence of Covid-19 cases, the situation for both small businesses and their…

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Business Interruption Insurance WHAT IS BUSINESS INTERUPTION INSURANCE? The COVID-19 pandemic has had a devastating impact on individuals, families and communities. The pandemic is also causing tremendous financial hardship on small and local businesses. Typically, businesses will carry business interruption insurance to cover for potential extended closures caused by extraordinary circumstances. Competent business owners have…

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Legislation to Help Black Owned Businesses Receive a Fair Share of State Contracts READ H.B 2629 HERE TAKE ACTION Black Owned Businesses Deserve Access to Government Contracts Illinois has failed Black and African American owned businesses by failing to provide them access to state contracts.  For too long, they have been denied a fair share…

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Main Street Lending Proposal  SUMMARY   The Federal Reserve established the Main Street Lending Program (the “Program”) to help aid small and medium-sized for-profit businesses and nonprofit organizations who were in sound financial condition before the onset of the COVID-19 pandemic and who were unable to get aid under any of the other COVID-19 related…

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RISE Act 2020

R.I.S.E. Act READ HB-0801 HERE READ SB-2490 HERE TAKE ACTION Recovery Initiative to Support Employment Small businesses in many industries are struggling and as a result, have no choice but to layoff valued employees. Entrepreneurs and independent contractors in the fields most impacted by the pandemic are also losing their businesses. The COVID-19 pandemic has…

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