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 Empower Presents: What to Ask Before Opening Your Doors
What to Ask Before You Open Your Door SBAC Empower partners with Logan Square Chamber of Commerce to present a Q&A session on Zoning, Real Estate and Funding aimed at small business owners looking to open a new business in the city of Chicago. Click on the Video to open in YouTube and jump to…
REVITALIZATION IN THE NEWS: Chicago Recovery Grants
“City funding will support more than $137 million in neighborhood investments.” Twenty-six new and expanded restaurants, health centers, cultural institutions and other neighborhood improvement projects will move forward through more than $33.5 million in Chicago Recovery Plan (CRP) grants announced by Mayor Lori E. Lightfoot and City officials. This funding is all available through…
Illinois Republican Gubernatorial Meet the Candidates Series
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