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
STEADFAST
Let Us Support Your Digital Transformation A Simpler Way to Get Into the Cloud We know it’s hard to believe. But, it’s true. There is a much simpler way to embark on your cloud journey. While there are many well-known cloud providers, most offer off-the-shelf packages that either don’t address your specific needs or “package” in a…
TANDEM HR
Tandem HR helps our clients focus on mission-critical business objectives by outsourcing the transactional aspects of human resources, workers’ compensation, risk management, employee benefits, and payroll administration. As the largest privately-held Chicago PEO, we pride ourselves on our ability to customize HR solutions. Tandem HR offers a variety of carve-out options and flexible human resource…
TEAM MERCHANT
Andrew O’Conner and co-founder, Brian Henciak, formed Team Merchant because they were both tired of the same old payment processing industry tricks and wanted to do something different. They were passionate about helping businesses grow and knew that a team dedicated to the same mission and values could do better by being honest and doing…
