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
Don’t Miss the Legislative Panel on September 26th
SBAC INSIGHTS PAGE The Small Business Advocacy Council and NAWBO Chicago are hosting a special Legislative Panel Discussion on Thursday, September 26th, at 8:30 AM, at Hera Hub Chicago (405 W Superior Street, Room 200C). Our engaging panel will feature prominent state legislators, including State Representative Robyn Gabel, State Senator John Curran, and State Senator…
Small Business Financing Transparency Act
SBAC INITIATIVES PAGE Small Business Financing Transparency Act Find and Contact Your Elected Officials HERE! Resources & Fact Sheets Expand Download Quick Fact Sheet Download One-pager View House Bill Language View Senate Bill Language
Employee Ownership Act
SBAC INITIATIVES PAGE Employee Ownership Act Find and Contact Your Elected Officials HERE! Resources & Fact Sheets Expand Download Quick Fact Sheet Download One-Pager Employee Ownership 101 Employee Ownership Types In The News Expand The Big Benefits of Employee Ownership Building Public Support for Employee Ownership: Lessons from Colorado
