Chamber Relief Grant Program
Local chambers of commerce provide important support and services to small businesses. They connect small businesses to potential customers and play a pivotal role in fostering commerce in local communities. However, many chambers have been devastated by the pandemic. For that reason, we are asking state politicians to allocate a modest sum of ARPA money to provide crucial relief to these local chambers.
The SBAC is championing legislation that will provide grants to local and regional chambers of commerce to help them recover from the pandemic. Eligible chambers will receive grants in an amount equivalent to 2 months of lost revenue, or 1/6th of their annual lost revenue, for their losses between 2019 and 2020. Chambers must also have less than 1500 paid members to be eligible. The total amount allocated for this proposed program is 5 million dollars, a small sum considering Illinois received over 8 billion in federal ARPA money.
You can read the full legislation here.
Chambers of commerce have struggled since the onset of the pandemic. This is the time for politicians to support the non-profit chambers that support small businesses and local communities throughout Illinois.
Reach out to us at 312.548.8608 or email patti@sbacil.org to learn more.
Press Release – Chicago’s Cut Red Tape Agenda
Chicago’s Cut Red Tape Agenda March 2, 2021 FOR IMMEDIATE RELEASE Contact: Elliot Richardson // 847-380-4900 // Elliot@sbacil.org Cutting unnecessary and burdensome red tape will help Chicago’s small and local businesses recover from the pandemic. Much of this red tape should have been eliminated long ago. The Small Business Advocacy Council and a coalition of…
New PPP Rules for Sole Proprietors and Businesses with 20 or fewer Employees
New PPP Rules for Sole Proprietors and Businesses with 20 or fewer Employees From February 24th to March 9th, the Small Business Administration will accept applications for PPP loans for sole proprietors and businesses with fewer than 20 employees. The move is meant to make it easier for businesses with few or no employees –…
ACTION CALL! Legislation To Get People Back To Work
Legislation To Get People Back To Work State Representative Gong-Gershowitz has filed the RISE Act. This legislation will get people back to work and support small businesses. The RISE Act (House Bill 0801) creates a tax incentive for businesses that retrain and hire employees who have lost their jobs or businesses because of the pandemic.…