Small Business

  • Sen. Patrick JoyceSPRINGFIELD – State Senator Patrick Joyce (D-Essex) is encouraging restaurants, hotels and other small businesses across the state to take advantage of two new emergency assistance programs.

    “We need our small businesses to persevere, because they are so important to our local economies,” Joyce said. “These loan programs should help them weather this storm.”

  • munoz 022720SPRINGFIELD – Small businesses in need of relief are invited to apply for two new emergency assistance programs, Assistant Majority Leader Tony Munoz (D-Chicago) announced Thursday.

    “My district is home to many small businesses that embody the cultural diversity and pride of our city and state,” Munoz said. “The COVID-19 outbreak has forced many of them to close, and we need to invest in them to preserve the economy and identity of our local neighborhoods.”

    To provide assistance to struggling small business owners, Mayor Lori Lightfoot unveiled the Chicago Small Business Resiliency Fund, a $100 million program that will support low-interest loans of up to $50,000 for small businesses in Chicago.

    Businesses with fewer than 50 employees, have gross revenues of less than $3 million in 2019 and have suffered more than a 25% revenue decrease due to COVID-19 will be eligible to apply.

    Additionally, Gov. JB Pritzker announced the Hospitality Emergency Grant Program. The program offers $14 million in grants to restaurants, bars, hotels and other hospitality businesses to help them make ends meet during the COVID-19 crisis. It will provide up to $25,000 to eligible bars and restaurants and up to $50,000 for eligible hotels.

    Grant funds can be used to compensate employees and pay rent, or to support new practices like expanded pick-up, delivery and sanitation.

    “It’s heartbreaking to see a lot of businesses struggling to stay open or unsure if they will be able to reopen,” Munoz said. “I hope these programs can offer enough support to help them survive this unfortunate crisis.”

    Applications for the Chicago Small Business Resiliency Fund will begin to be accepted on March 31, 2020. Businesses interested in applying for a loan should complete this interest form and they will hear from a representative as soon as possible. 

    The application period for the Hospitality Emergency Grant Program is open now and closes April 1 at 5 p.m. Businesses can find more information on the program here or apply here. A Spanish-language application is available here.

  • closed signAurora, Ill. – Restaurants, hotels and other small businesses across the state are invited to take advantage of two new emergency assistance programs, Senate Assistant Majority Leader Linda Holmes (D-Aurora) announced today.

    “Small businesses are the backbone of our local economies, but the COVID-19 outbreak has hit many of them hard and even forced some to close,” Holmes said. “We must invest in stores, restaurants and hotels that make our communities unique.”

    To provide assistance to struggling small business owners, Gov. JB Pritzker unveiled the Illinois Small Business Emergency Loan Fund, a $60 million program that will support low-interest loans of up to $50,000 for small businesses outside of Chicago. (Small businesses in Chicago can apply for a similar loan program here.)

    Businesses with fewer than 50 employees and less than $3 million in revenue in 2019 will be eligible to apply. Loan recipients will owe nothing for six months and will then begin making fixed payments at 3% interest for the remainder of a five-year loan term.

    Pritzker also announced the Hospitality Emergency Grant Program. The program offers $14 million in grants to restaurants, bars, hotels and other hospitality businesses to help them make ends meet during the COVID-19 crisis. It will provide up to $25,000 to eligible bars and restaurants and up to $50,000 for eligible hotels.

    Grant funds can be used to compensate employees and pay rent, or to support new practices like expanded pick-up, delivery and sanitation.

    “Our beautiful main streets and their shops and restaurants are vital for most of us every day. It’s heartbreaking to see them struggling during this outbreak,” said Holmes. “These programs may offer some help to small business owners and get them through this challenging time.”

    Applications to the Small Business Emergency Loan Fund will be available on the Illinois Department of Commerce and Economic Opportunity’s website by Friday, March 27.

    The application period for the Hospitality Emergency Grant Program is open now and closes April 1 at 5 p.m. Businesses can find more information on the program here or apply here. A Spanish-language application is available here.

  • Sen. Patrick JoycePARK FOREST -To assist local businesses impacted by the outbreak of COVID-19,  State Senator Patrick Joyce (D-Essex) is reminding residents of state and federal programs that may help business owners facing hardship.

    “Small local businesses are the heart and soul of our communities. We must support them during these trying times,” Joyce said. “There are a variety of disaster assistance programs available to help give our local businesses the support they desperately need.”

  • Sen. Suzy Glowiak HiltonWESTERN SPRINGS – With local restaurants and other small businesses closing for COVID-19 State Senator Suzy Glowiak Hilton (D-Western Springs) is sharing resources that will provide economic relief.

    “I’m grateful to the many small business owners who closed to help protect public health,” Glowiak Hilton said. “They are sacrificing a lot right now, so we need to make sure that they have all the resources they need to stay afloat during these unprecedented and difficult times.”

  • Sen. Laura MurphySPRINGFIELD – To provide assistance to the many local restaurants and businesses who have closed their doors due to the outbreak of COVID-19, or the new coronavirus, State Senator Laura Murphy (D-Des Plaines) is sharing information that might help these establishments survive this difficult period.

    “It’s heartbreaking to see so many businesses shuttered and so many working Illinoisans struggling. It’s important that we stop the spread of coronavirus, but the resulting loss of business has been devastating to our communities,” said Murphy. “It’s vital that we offer them resources to provide some help during this uncertain and challenging time.”

  • villivalam 021420

  • Sen. Jennifer Betino-TarrantSPRINGFIELD – State government would be required to study the necessity of new red tape for businesses under a plan by State Senator Jennifer Bertino-Tarrant.

    Bertino-Tarrant (D-Shorewood) passed Senate Bill 1756, which would require the state to assess whether newly proposed regulations on an industry or occupation are necessary for protecting the public.

    “Unnecessary red tape makes it harder for companies and job seekers to do business in Illinois,” Bertino-Tarrant said. “Streamlining the licensure process in our state will promote entrepreneurship in our communities.”

  • jbt 041118 3PLAINFIELD – Illinois veterans are taking advantage of a program championed by State Senator Jennifer Bertino-Tarrant (D-Shorewood) to provide veterans with the tools to launch new businesses.

    Due to a loan from the Illinois business program, Captain Jon Glass, an Army combat veteran paratrooper, recently purchased the iconic Glenwood Oaks restaurant in Glenwood.

    “Veteran-owned businesses are important to our state’s economy,” Bertino-Tarrant said. “This new program will help our veterans get their businesses off the ground by equipping them with the tools to be successful.”

    The Illinois veterans’ business loan program allows the Illinois Finance Authority to offer an increased number of low-interest loans to veterans to create new businesses.

    “Our military veterans have worked hard to protect us,” Bertino-Tarrant said. “Now is the time for us to honor their sacrifices.” 

    Captain Glass is currently the head chef at the Glens restaurant in the northern suburbs. He is married with five children and is active in his church community.

    Bertino-Tarrant’s Senate Bill 324 launched the program through the Illinois Finance Authority, which now allows veterans to apply for and receive business loans.

    She worked on developing this loan program with Lynn Lowder, a former Marine officer and advocate for veterans becoming small-business owners. The program would be similar to agribusiness and farming programs administered by the state treasurer.

    Bertino-Tarrant urges veterans to visit www.il-fa.com to learn more about this veteran loan program or contact her Plainfield office at (815) 254-4211 for more information.

  • The Majority Report - April 27, 2018 - Tobacco 21, bump stock ban pass Senate


  • The Majority Report - April 20, 2018 - Looking out for workers, small businesses and special ed


  • jbt 120817PLAINFIELD- Starting a new business in Illinois will be much more affordable, due to a law championed by State Senator Jennifer Bertino-Tarrant (D-Shorewood).

    Bertino-Tarrant co-sponsored Senate Bill 867, which will reduce startup fees for businesses to register in Illinois and was signed into law today.

    “This new law will assist economic development and job opportunities in our communities,” Bertino-Tarrant said. “Cutting filing fees is a meaningful step in showing Illinois business owners that we want to be partners in growing our economy. Illinois businesses are investing in our communities; we must show them the state is investing in them.” 

    This new law will adjust LLC fees across the board to update charges to bring them in line with what corporations pay in fees.  For example, the current filing fee to create a new LLC in Illinois is $500. SB 867 would fix it at $150. The current annual filing fee for LLCs is $250, and SB 867 would lower it to $75.

    “Small businesses have always played a major role in the Joliet region’s economic growth,” Mary Jaworski, President of the Joliet Region Chamber of Commerce and Industry said. “The new law to lower the startup fees for small businesses is a great step in improving the perception of the business climate in the State of Illinois.  In addition, those who have thought of becoming entrepreneurs now have one more solid reason to consider this region as a place to start up and conduct business.”

    This bipartisan legislation was supported by over 50 chambers and business development organizations throughout the state.

    “Senator Bertino-Tarrant is a true advocate for our community,” Margaret Westlove, President of the Romeoville Area Chamber of Commerce said. “She understands that small businesses are the backbone of our economy and create new jobs every day in our communities. This new law is testament to the Senator’s hard work and dedication to supporting small businesses in Will County.”

    Bertino-Tarrant states this new law will give small businesses in Will County a chance and serves as a symbol of the importance of businesses across the state.

    "This new law will eliminate hurdles and make it more affordable for inspiring first time business owners to start their business in Will County,” Tasha Marsaglia, President of the Plainfield Area Chamber of Commerce said.

    The new law will go into effect immediately.

  • TCullerton biz feesVILLA PARK – Small businesses in Illinois will no longer have to pay excessive startup fees, thanks to Villa Park State Senator Tom Cullerton.

    Cullerton’s bipartisan initiative, Senate Bill 867, decreases the filing fee for small businesses to register in Illinois. 

    “This new law displays our state’s commitment to stimulating and revitalizing Illinois’ economy,” Cullerton said. “Cutting startup fees will help new businesses get off the ground and set up roots here in Illinois. Encouraging economic development in our state will help create new jobs, increase the tax base and grow our economy.”

  • harris 052316SPRINGFIELD- Small businesses may soon have better opportunities at acquiring and maintaining contracts with the Illinois Department of Transportation, thanks to a proposal the legislators approved Thursday.

    House Bill 4477, which passed the Senate 56-0, requires contracts using the services of a subcontractor to include terms for making advanced payments to the subcontractor for preliminary spending purposes, such as purchasing tools and machinery for a project.

    “The goal is to promote small business participation in state contracts,” State Senator Napoleon Harris (D-Harvey) said. “Subcontractors are often in a position where they’re waiting far too long for a payment. That’s unacceptable.”

    Small contracting firms struggle to take on subcontracts due to payment delays from prime contractors. Mobilization payments to a subcontractor would be based on the total value of the subcontract on a tiered scale.

    The legislation was approved in both chambers and will head to the governor.

  • jbtjobfairJOLIET — State Senator Jennifer Bertino-Tarrant (D-Plainfield) partnered with the Illinois Department of Employment Security to hold a successful hiring fair this week.

    “Job fairs are important for connecting employers with community members who are looking for work,” Bertino-Tarrant said. “I enjoyed meeting those who attended, and I look forward to having future events that will help people obtain employment.”

    More than 50 people showed up to meet with representatives from participating businesses. The first hour of the hiring fair catered specifically to veterans.

    “Our veterans have loyally served our nation, and I’m committed to doing what I can to make sure they’re employed,” Bertino-Tarrant said.

    Details on Bertino-Tarrant’s upcoming events are on her website.

  • jbt commutertaxSPRINGFIELD— Small businesses often face too much red tape when dealing with the state.

    With HB 3887, which was signed into law today, State Senator Jennifer Bertino-Tarrant (D-Shorewood) hopes to make that process as efficient as possible and help improve the state’s business climate.

    “Small businesses are the backbone of our communities,” Bertino-Tarrant said. “This law is an important step in helping our business owners cut through the unnecessary red tape.”

    HB 3887, which Bertino-Tarrant sponsored in the Senate, is designed to identify and eliminate state regulations that are unreasonable or overly burdensome to small businesses.

    State agencies will now be required to complete an initial review of rules, regulations and processes related to small businesses within one year of the legislation becoming law. Subsequent reviews would take place every five years thereafter.

    According to the Small Business Administration, small businesses employ 48 percent of the private-sector labor force in Illinois.

    HB 3887 goes into effect on January 1 of next year.

  • silversteins at jobfair"We are happy with the great turnout at our first-ever hiring fair in the 8th District," said Senator Ira I. Silverstein (D-Chicago), after 150 job seekers connected with roughly 40 employers on Thursday.

    The event at West Ridge Elementary School featured a variety of positions available with several different types of employers. Held in partnership with Alderman Debra Silverstein (Chicago-50th Ward) and the Illinois Department of Employment Security, the hiring fair drew small businesses, large corporations and municipal organizations.

    "Our expectations for helping Chicagoans find opportunities for employment were exceeded today," Silverstein said. "We will be assessing our results and how we can improve as we look into future events like this."

     

     

  • 30436737336 4bc59f3a5c bSPRINGFIELD – Out-of-state online retailers will have to pay their fair share of local sales taxes – just like local companies must do – if they want to do business in Illinois, according to a U.S. Supreme Court ruling today that garnered praise from State Senator Cristina Castro.

    “Times are different now, and a lot of people do their shopping online. It is important that out-of-state businesses are held accountable to their share of state revenues,” said Castro, an Elgin Democrat and the sponsor of a successful bipartisan measure that was contingent upon today’s ruling. That plan was incorporated into the state budget that was signed into law June 4.

    Previously, out-of-state e-commerce retailers do not have to collect a sales tax, a practice that undercuts local retailers and denies revenue for local needs, such as road, bridge and sewer repairs.