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
DOUBLE GOOD
Located in Chicagoland and popping 15,000 pounds of handmade, ultra-premium popcorn every day, Double Good is a community of like-minded dreamers, doers, believers, and thinkers committed to helping kids do what they love. Double Good is an e-commerce company that produces and sells small-batch popcorn, popped fresh every day in a facility just outside the…
FIFTH THIRD BANK
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio, and the indirect parent company of Fifth Third Bank, National Association, a federally chartered institution. As of Mar. 31, 2021, Fifth Third had $207 billion in assets and operated 1,098 full-service banking centers and 2,383 ATMs with Fifth Third branding in Ohio,…
FREEBORN & PETERS, LLP
Founded in 1983, Freeborn is a leading midsize law firm with offices in Chicago, Illinois; New York, New York; Richmond, Virginia; Springfield, Illinois; and Tampa, Florida. Our deep bench of more than 90 experienced trial lawyers handle all areas of complex disputes and litigation, nationally and internationally.
