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
Child Tax Credit
SBAC INITIATIVES PAGE Child Tax Credit Find and Contact Your Elected Officials HERE! View an op-ed on the Child Tax Credit by Minna Pomeroy, Leverage People, and Leslee Cohen, All Rise Legal Counsel HERE! Resources & Fact Sheets Expand Download Quick Fact Sheet Download One-Pager View House Bill Language View Senate Bill Language
Economic Incentives for Small Businesses
SBAC INITIATIVES PAGE Economic Incentives for Small Businesses 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 In The News Expand Illinois should focus on helping small businesses, not giveaways to major corporations Making economic incentives available to…
Small Business Property Tax Relief Act
SBAC INITIATIVES PAGE Small Business Property Tax Relief 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 In The News Expand Time for politicians to tackle property taxes
