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
Governor Pritzker Signs HB 2296 into Law
Governor Pritzker Signs HB 2296 into Law! Small businesses have been crushed by the escalating costs of health insurance. The SBAC championed legislation focused on reducing premiums for small businesses and increasing transparency so policymakers and the public can better understand what drives the costs of health insurance. Governor Pritzker signed this legislation into law. …
Thank you to all the participants at the 2023 SBAC Golf Outing!
THANK YOU for attending our 2023 SBAC Golf Outing on June 6th! Thank you to everyone who came out to The Preserve on June 6, 2023 to play golf and celebrate the SBAC! We hope you enjoyed the day as much as we did, and hopefully it was a fun way to kick off the…
SBAC Advocacy Update: Health Insurance, Government Contracts & Outdoor Dining
Illinois legislators concluded their regular session. We are excited to report there were some big wins for the small business community! Health Insurance Many small businesses are struggling to afford the cost of health insurance. The Illinois General Assembly passed legislation focused on protecting small businesses from excessive premium increases and enhancing transparency so that…
