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
Legislation to Support Local Chambers Passes
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…
Daily Herald Business Ledger Articles with SBAC President Elliot Richardson
Check out all of SBAC President Elliot Richardson’s Daily Herald Business Ledger articles below 2023 2022 2021 2020 2023 January 8, 2023 Small business advocacy in 2023: Hitting the ground running 2022 December 11, 2022 Advancing the needs of Illinois small businesses in 2023 November 13, 2022 Swift action needed to restore confidence in our…
Childcare Tax Credit
Authors: Minna Pomeroy, Leverage People Leslee Cohen, All Rise Legal Counsel Employers across our state are struggling to find enough employees to support their businesses. Indeed, some businesses have been forced to scale back their operations because of a lack of employees in the workforce. The Small Business Advocacy Council is championing legislation that will…
