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
SBAC President: Chicago Politicians Must Choose Small Business Over Politics
SBAC President Elliot Richardson writes in Crain’s Chicago Business that Chicago politicians must choose small businesses over politics and cut needless red tape now. Please translate this page to the language of your choice. Supporters Fifth Third Bank Saul Ewing Arnstein Lehr Inland Bank Ntiva Daily Herald…
Post Pandemic Real Estate Trends
The SBAC presents a webinar on Post-Pandemic real estate trends. Elliot Richardson, President, SBAC Frank Binetti, Inland Bank Steve Horvath, Conlon Commercial Anthony Zeoli, Freeborn & Peters, LLC 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…
SBAC Action Call – Urge Chicago Aldermen to Cut Unnecessary Red Tape
Urge Chicago Aldermen to Cut Unnecessary Red Tape! Chicago politicians must put small businesses and Chicago’s economic recovery over politics. There has never been a more important time for policymakers to work together to cut unnecessary red tape that hurts small businesses and local communities. Small businesses presently need Chicago’s City Council to approve their…
