Are you trapped in the cycle of predatory loans, struggling to break free from the financial burden they bring? You aren't alone.
Illinois Small Business Owner Highlight
When her brother was first deployed to Iraq, Candy Alford embroidered every piece of clothing he owned, from his socks to his washcloths, with his name so his things wouldn’t get misplaced in the group laundry. Not only were the name tags practical, but they garnered quite a few compliments from her brother’s fellow pilots, and he suggested she turn her hobby into a business.
Illinois Events
To help prevent and combat money laundering, tax fraud and other financial crimes, a recent bipartisan law requires many companies and small businesses to report beneficial ownership information (BOI) to the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN).
Small Business Majority invites you to an interactive workshop about Verizon's Small Business Digital Ready platform, which was developed in partnership with small business owners who understand what it takes to succeed.
Small business owners often don’t have the resources or legal expertise to fend off the anti-competitive tactics found in concentrated industries.
Illinois Policy
Small Business Majority’s Illinois policy agenda outlines policies that advance and promote equitable pathways for entrepreneurship while centering small businesses as the key to a thriving and inclusive economy. The state’s 1.3 million small businesses employ 2.4 million people (about 44.1% of the private workforce), with firms without employees making up 80% of all owned businesses.
On March 28, Small Business Majority's Illinois Director Tasha Brown testified before the Illinois House Financial Institutions and Licensing Committee on behalf of HB 2234, legislation that would enact critical protections for small business borrowers in Illinois.
On March 28, Johnathon Bush, owner of Not Just Cookies provided testimony before the Illinois House Financial Institutions and Licensing Committee on HB 2234, legislation that would extend consumer protections for small business borrowers.
Small Business Majority wrote to Illinois Governor Pritzker in support of HB117, a measure that would expand Illinois Secure Choice so that employers with at least five or more employees may participate and auto-enroll their employees. This is an important step to supporting very small businesses and their employees who are unable to access traditional retirement programs, particularly those who have been impacted by the COVID-19 pandemic.
Illinois Research
While small businesses employ nearly half (46.4%) of the private workforce in the United States, many are struggling to hire and retain a ready workforce. Our poll of Colorado, Georgia, Illinois, North Carolina, Tennessee, and Texas small business owners reveals strong support for legislative solutions that would remove barriers for justice-impacted individuals by making reforms to occupational licensing and debt-based driver’s license suspensions. These politically diverse small business owners believe these measures would enable employers to tap into an underutilized workforce and open up opportunities for entrepreneurship.
Small Business Majority’s new poll of Illinois small business owners reveals strong support for legislative solutions that would remove barriers for justice-impacted individuals by making reforms to occupational licensing and debt-based driver’s license suspensions. These politically diverse small business owners believe these measures would enable employers to tap into an underutilized workforce and open up opportunities for entrepreneurship.
Small businesses in Illinois are still struggling to hire and retain a ready workforce, persistent challenges in the wake of the pandemic.
El programa de ahorros para la jubilación Illinois Secure Choice, que fue comulgado como ley en enero de 2015, ayuda a las pequeñas empresas que luchan por ofrecer beneficios de jubilación a sus empleados y brinda seguridad de jubilación a los 2.5 millones de habitantes de Illinois que no tienen acceso a un plan de jubilación en conexión con su empleo. A continuación se muestra una descripción general de lo que las pequeñas empresas deben saber sobre el programa.