The Governmental Affairs Committee of the Elmhurst Chamber of Commerce & Industry is sharing information from today’s Illinois Chamber of Commerce-sponsored United States Small Business Administration (SBA) and U.S. Chamber of Commerce conference call briefing on federal business assistance related to COVID-19, as follows:
As expected, the United States Small Business Administration (SBA) on March 19 approved Illinois Governor J.B. Pritzker’s application for small businesses and not-for-profits across our state to be declared eligible for low-interest Economic Injury Disaster Loan assistance of up to $2 million relating to financial damages caused to the Coronavirus (COVID-19) Pandemic.
The Governmental Affairs Committee of the Elmhurst Chamber of Commerce & Industry, in cooperation with the City of Elmhurst, is forwarding information on the Illinois Department of Commerce and Economic Opportunity’s (IDCEO) efforts to secure federal relief for Illinois businesses impacted by Coronavirus (COVID-19) Pandemic.
The Governmental Affairs Committee of the Elmhurst Chamber of Commerce & Industry is forwarding information from the Illinois Chamber of Commerce on what employers need to know about the Families First Coronavirus Relief Act (HR6201) passed the United States House of Representatives and under consideration by the U.S. Senate.
Nearly 30 Elmhurst Chamber of Commerce & Industry members are among some 80 food and beverage businesses in Elmhurst that will remain open during Illinois Governor J.B. Pritzker’s mandated two-week, state-wide shutdown of restaurants and bar to provide drive-thru, carryout, curbside and/or delivery options for patrons.
While America’s economy—or Gross Domestic Product (GDP)—grew at a rate of only 2.3% in 2019 versus the 3% standard, 2.1 million new jobs were created in the past 12 months, the nation’s unemployment rate of 3.5% fell historically low and energy prices (oil and natural gas) remained well below their historical norms.