Small Business Majority has created a comprehensive state policy agenda to ensure entrepreneurship is at the center of a thriving and inclusive economy in Illinois. It’s critical that state lawmakers enact policies that support and empower these entrepreneurs, guaranteeing they have access to capital to start and grow their business, affordable and quality healthcare and benefits programs that will make it easier for them to attract and retain talented employees.
Illinois Small Business Owner Highlight
John Rood was always a natural test-taker. What dawned on him, though, while training to teach giant prep courses for graduate level exams is that this model of tutoring lacked the detail to help the average student.
Thus came the idea for Next Step Test Prep, an alternative test preparation small business that focuses on individual, one-on-one tutoring for each student. Rood found that his experience with the one-on-one format was “extremely effective.”
Small Business Majority writes in opposition to the Regulatory Sandbox Act (HB 2825), which would permit a range of financial institutions to test unlicensed financial products on consumers, including entrepreneurs. We believe this legislation would open up small business owners and entrepreneurs to predatory lending practices.
Small Business Majority writes in support of the Wholesale Importation of Prescription Drugs Act (HB 1441), which would create a program to provide lower cost prescription drugs from regulated Canadian suppliers to Illinois consumers. We believe this legislation will help millions of healthcare consumers in Illinois, including many small business owners and solo entrepreneurs.
Small Business Majority writes in opposition to HB 2042, which would extend short-term, limited duration health insurance from the current 181 days to 366 days. We believe this legislation would help undermine a robust individual marketplace, which is vitally important for owners and employees of small businesses without group coverage, especially the roughly one million solo-entrepreneurs in Illinois.
The economy is improving, but Illinois small business owners and their employees are facing another financial hurdle: retirement security. The U.S. currently suffers from a retirement savings gap of more than $6 trillion, and more than 38 million households do not have any retirement savings at all. Illinois small business owners and their workers are no exception.
Scientific opinion poll finds small business owners are hiring, but those doing so are having a hard time finding candidates with the right background; they support programs such as apprentice and internships to identify and increase the number of qualified workers.
Small Business Majority's scientific opinion polling shows small business owners often feel disadvantaged by large corporations and the electoral system overall. They believe our current campaign finance system puts large corporations at a competitive advantage and support significant reforms to level the playing field between small employers and large corporations.
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