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
What 2021 Could Mean for Small Businesses
January 20, 2021 By Elliot Richardson Small Business Advisory Council SBAC President Elliot Richardson’s column discusses the Business and Economic Outlook Forum hosted by the Daily Herald Business Ledger. The piece highlights the need for legislation that provides financial resources for small businesses to retrain and hire Illinoisans who have lost their jobs or businesses…
2020 to 2021 The Changing Landscape for Employment, Insurance and Lending
While mental health issues in the workplace have been a concern for some time, this past year, COVID-19 has shown the challenges employees are facing have spiked dramatically. Hear from Jason Tremblay on how this will impact both employers and their employees in the video. Stephen Ball from Fifth Third discusses automatic forgiveness for PPP…
Univision entrevista a Neli Vasquez-Rowland
Muchas gracias a univision para su reportaje sobre nuestra campaña conjunta con a Safe Haven Foundation para mantener a las pequenas empresas aflote y para prestar asistencia a las personas mas necesitadas durante este periodo tan dificil.
