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
Elliot Richardson speaks with FOX 32 about #ChiBizStrong on June 19th.
Elliot Richardson, SBAC President, speaks with FOX 32 about #ChiBizStrong and stopping politics from derailing important reforms for business. Please translate this page to the language of your choice. 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…
Are Illinois politicians supporting small businesses?
Illinois politicians have completed their spring legislative session. The Democrats, who hold a supermajority in both legislative chambers, proclaim their budget supports the small business community. That budget allocates $300 million for the Back to Business grant program, presumably to be awarded to small businesses struggling to recover from the pandemic. The budget also includes…
Elliot Richardson’s interview with Lauren Cohn on “Connected to Chicago”
The mayor wants to eliminate red tape for small businesses to help with reopening. Small Business Advisory Council President and Co-Founder Elliot Richardson joins Connected to Chicago” to discuss what can be done. Please translate this page to the language of your choice. Supporters Fifth Third Bank Saul Ewing Arnstein Lehr Inland Bank Ntiva…
