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
REVITALIZATION IN THE NEWS : South Shore
REVITLIZATION IN THE NEWS Residents in the South Shore are taking revitalization into their own hands, revitalizing vacant spaces in their community. Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about news from the local housing market, including neighbors taking a redevelopment project into their own hands and more. …
DHBL w/Elliot Richardson November 8, 2021
SBAC President Elliot Richardson urges policymakers to adopt an economic strategy focused on local businesses and communities in his Daily Herald Business Ledger Column. READ HERE Supporters Fifth Third Bank Saul Ewing Arnstein Lehr Inland Bank Ntiva Daily Herald Tandem HR Interprenet Signature Bank Lexitas Empower Korey Richardson Open One Solutions Freeborn and Peters A…
The Small Business Package
Many small and local businesses have been devastated by the COVID-19 pandemic. The Illinois unemployment rate remains high. Illinois politicians can partner with the small business community to enact policies that will help small businesses through this pandemic, reduce unemployment in our state, grow the Illinois workforce and generate revenue. There has never been a…
