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
Illinois policymakers need to allocate rescue plan grants to help struggling businesses.
The SBAC is advocating to ensure struggling and qualified businesses across Illinois have access to Back to Business grants. This means making sure the grant program is adequately funded. Read Elliot’s article in The State Journal-Register here. Please translate this page to the language of your choice. Supporters Fifth Third Bank Saul Ewing Arnstein Lehr…
Calling for IL Occupational Licensing Reform
Occupational licenses should protect the health, safety and welfare of the public. Unfortunately, some occupational licenses are unnecessary and burdensome. They create unwarranted barriers for Illinois entrepreneurs and those interested in working in new professions. Needless occupational licenses also keep people from moving to Illinois. Needless occupational licenses, or those which are overly restrictive, also…
Laws You Should Know About
Baking Good Legislation On August 27, Governor Pritzker signed into law the Home-to-Market Act. The Home-to-Market Act allows producers of home-based food products to sell their goods directly to customers. This new law goes into effect on January 1, 2022. This will foster the growth of home-based entrepreneurs, known as the cottage food businesses. Prior…
