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
Byline Bank Recognizes Small Business Saturday with Small Business Advocacy Council Contribution
Byline Bank Recognizes Small Business Saturday with Small Business Advocacy Council Contribution CHICAGO, IL (November 2021) – This Small Business Saturday, November 27, Byline Bank, Illinois’ top Small Business Administration lender, is recognizing the work of the Small Business Advocacy Council (SBAC) of Illinois with a $5,000 sponsorship contribution. The SBAC is a nonpartisan member-driven…
Chicago businesses are feeling the effects of supply-chain slowdowns
“Small businesses are just having a tremendously difficult time getting the supplies that they need to run their business, and, of course, this is even more concerning with the holiday season approaching,” said Elliot Richardson, president of the Small Business Advocacy Council in Chicago. He said the supply-chain problems are impacting all kinds of retailers.…
IACCE Conversation with Speaker of the House, Chris Welch
The SBAC’s Elliot Richardson had the distinct pleasure of moderating the IACCE – Illinois Association of Chamber of Commerce Executives call with Emanuel Chris Welch and Office of State Representative Carol Ammons last Friday. Watch the entire conversation addressing issues such as Back to Business Grants Workforce Development Unemployment Trust Fund Child Care Tax Credit/Grant…
