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
Small Business Grants in Illinois
Financial Growth Opportunities Running a business is hard and small business owners often do not have time to navigate grants, tax credits, and other funding opportunities. We are excited to help. While we cannot cover everything, we will do our best to keep you current on economic incentives that may be available for your business…
The Launch of the Chamber Relief Grant Program!
SBAC INSIGHTS PAGE We’re thrilled to announce the official launch of the Chamber Relief Grant Program by the Illinois Department of Commerce and Economic Opportunity (DCEO). The program aims to provide vital support to chambers of commerce dedicated to uplifting small businesses and local communities. DCEO announced the launch of the chamber relief grant program, along with opening…
Phil Gafka – Insights & Blogs
Phil has been a mentor with us for a minute now and he’s always willing to help where there is need. Perhaps you joined us last summer when he hosted our first ever Lunch-and-Learn on leadership, a quality he demonstrated well then. Phil’s also a writer, and he frequently updates his website with blogs he’s…
