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 Empower and Greater Roseland Entrepreneurial Circle
DONATE An Exciting New Program for Small Businesses… Starting this September, the Greater Roseland Chamber of Commerce and SBAC Empower will be launching an incubator and joint mentoring program dedicated to helping both prospective small business owners and established small business owners in the Greater Roseland area. Each applicant will be assigned a specific cohort…
Congrats to Patti & Her Team!
DONATE Congrats Patti! Patti is one of the recipients of the Best Networking Mentor award from Networlding! From their LI post: These mentors will now join a vibrant community focused on aiding new adults in kick-starting their careers. Building on the success of my 2002 networking contest, we aim to recreate that magic. Stay tuned…
Congrats to our Founder Scott Baskin!
DONATE Congrats Scott! Scott has been appointed to the Illinois Health Benefits Exchange Advisory Committee: a committee charged with helping implement the Illinois Health Benefits Exchange to provide affordable health care options for individuals and small businesses. This is due to Scott and the SBAC’s hard work passing a law about this back in 2023.…
