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 Lawyers Community
SBAC Lawyers Community If you’re a lawyer looking to connect with other Illinois-based lawyers, join our SBAC Lawyers Community! The Lawyers Community is a great place meet new people and learn about the ins and outs of various legal fields. Visit the Lawyer’s Corner of our website to find resources on frequently discussed legal…
GCG | Course on Benefits Administration
The Course on Benefits Administration is a 4- week, live, online course created and taught by Marcus Newman, RHU where you will learn the important details of administering insurance benefits. This course makes information accessible and covers best practices, plan implementations, record keeping, state and federal regulations, how to make your insurance plan work for…
SBAC Policy Committee
The SBAC policy committee formulates policies that will support the small business community. Our agenda is HERE, but more will undoubtedly be added! Drop us a line and let us know what policies might support your small business. SPONSORS Fifth Third Bank Saul Ewing Arnstein Lehr Inland Bank Tandem HR Interprenet Signature Bank Lexitas Korey…
