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 2023 Holiday Party
Did you miss it? We had a great time at George Street Pub for the SBAC’s annual Holiday party. Wow – what an incredible turnout – busting out the venue with almost 100 folks! Thank you for coming to celebrate the SBAC and its work in the Illinois communities. We are excited to watch 2024…
Embrace the Spirit of Giving: Shop Local This Holiday Season
The holiday season is upon us, and as we gear up for the festivities, there’s no better way to spread joy than by supporting small businesses in our community. Chicago, with its vibrant and diverse neighborhoods, is home to a plethora of unique local shops, each offering a special touch to your holiday shopping experience.…
Byline Bank – Insights
Byline Bank’s Insights We all need more “Insight” into what makes a business successful and how to get there. We are proud to highlight our partner, Byline Bank, and their professional insight into achieving financial success. Empowering Employees and Communities Through DEI: Five ways leaders can embolden DEI practices within their organizations Want to Make…
