The United States Small Business Asministration (SBA) on June 15 reopened its online portal for qualified small businesses and not-for-profit (NFP) organizations suffering economic damage as a result of the Coronavirus (COVID-19) Pandemic to apply for an Economic Injury Disaster Loan (EIDL) Emergency Grant (forgiveable) and/or low-interest loan.
The Elmhurst Chamber of Commerce & Industry is among more than 400 state and local chambers of commerce and associations that have stepped up to formally join the United States Chamber of Commerce’s Equality of Opportunity Initiative to power a nationwide effort to advance economic inclusion across our society through business leadership.
The Federal Reserve, the central bank of the United States, today June 15) officially opened its Main Street Lending Program to allow more small and medium-sized businesses to be able to receive federal Coronavirus (COVID-19) Pandemic financial support via low-interest loans.
Earlier today (June 5), United States President Donald J. Trump signed into law changes to the Paycheck Protection Program (PPP) federal relief funding guidelines proposed in the now-stalled $3 trillion The HEROES Act to the benefit of businesses across America, following approval by the U.S. Senate on June 3 and by the U.S. House of Representatives on May 28.
The Governmental Affairs Committee of the Elmhurst Chamber of Commerce & Industry is forwarding information from the Federal Reserve Bank of Chicago asking our membes to participate in a Re-Survey of Business Conditions in the Midwest resulting from the Coronavirus (COVID-19) Pandemic.
Prior to Illinois Governor J.B. Pritzker release industry-specific guidelines to assist with the safe re-opening of businesses as the state enter Phase 3 of his five-phase Restore Illinois plan, chambers of commerce statewide collaborated on task forces and solicited information from their hundreds of thousands of business members to provide input on these guidelines.