HR1316

LRB096 22503 GRL 41806 r





  
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HOUSE RESOLUTION

  
 
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    WHEREAS, The current recession has heavily impacted the 
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small businesses in our nation through decreased sales and 
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difficulties in obtaining small business financing; and
  
 
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    WHEREAS, The National Bureau of Economic Research 
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determined that the current recession began in December 2007; 
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as of December 2008, the current recession is the longest 
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downturn in the last 25 years; and
  
 
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    WHEREAS, The National Federation of Independent Business 
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(NFIB) has collected small business economic trends data with 
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surveys since 1973; in November 2008, the NFIB reported that 
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its Index of Small Business Optimism fell to its third-lowest 
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reading in the 35-year history of the survey; and
  
 
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    WHEREAS, The NFIB's November 2008 survey further revealed 
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record or near-record low ratings in the small business 
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sector's expectations concerning the creation of new jobs, 
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improved business conditions, and increased sales; and
  
 
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    WHEREAS, Small businesses in the State of Illinois have 
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been greatly impacted by the economic downturn, with many small 
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business owners becoming uncertain of their future prospects 
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and seeing diminishing returns as the recession continues; and
  
 
 


 






HR1316
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LRB096 22503 GRL 41806 r




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    WHEREAS, Small businesses serve as the backbone of the 
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economies of the State of Illinois and the nation at large and 
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are deserving of the State's full support and encouragement; 
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therefore, be it
  
 
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    RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE 
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NINETY-SIXTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, that we 
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designate the month of January as "Small Business Month" in the 
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State of Illinois in honor of the small business owners of this 
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State and their vital role in the economy.