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Business Interruption Insurance

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

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

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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R.I.S.E. Act

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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