Many chambers of commerce were devastated by the pandemic. However, this did not stop them from providing crucial support to local businesses. The SBAC is thrilled to report that Illinois politicians have provided 5 million dollars to support the recovery of chambers of commerce in Illinois. The SBAC has been working to procure this funding for the past year to foster the recovery of chambers.
The distribution of these funds will be awarded via a grant through a program established by the Illinois Department of Commerce and Economic Opportunity. Chambers can receive up to one-sixth of the annual revenue lost between 2019 and 2020. In the event additional funds remain after eligible chambers receive grants, additional grants can be made to chambers. This bill will apply to chambers with an annual revenue of up to one million dollars.
Thank you to the chambers of commerce that worked with their legislators on this initiative. Thank you to the legislators that championed this legislation! This is a very big deal for the small business community
SBAC Advocacy Update
October 10, 2023 The SBAC continues fighting for policies that will support small businesses and neighborhood business districts. Here are some updates on our efforts! Health Insurance The rising cost of health insurance continues to be a challenge for the small business community. Last spring the SBAC championed legislation focused on reducing premiums for small…
SBAC Oktoberfest ’23
Oktoberfest war ganz Spaß! (Oktoberfest was really fun!) If you missed our event and would like to contribute to the SBAC, please click on the button to the right. The SBAC works diligently to advance policies that support small businesses, their employees and the revitalization of neighborhoods. ***The Small Business Advocacy Council has been determined…
Chicago Neighborhood Revitalization Caucus
This is a crucial time for lawmakers to support policies that will revitalize neighborhood business districts and support Chicago small businesses. Therefore, we have formed a neighborhood revitalization caucus where politicians from various facets of government can come together, collaborate with stakeholders, and work to revitalize local economies. We are very thankful to the following…
