SBA Defers COVID-19 EIDL Repayments to 2022

Following United States President Joseph R. Biden’s signing the American Rescue Plan Act of 2021 into law on March 12, the U.S. Small Business Administration (SBA) announced extended deferment periods for all Coronavirus (COVID-19) federal disaster loans until 2022.

American Rescue Plan Allocates $50B in Small Business Relief

American Rescue Plan Allocates $50B in Small Business Relief

United States President Joseph R. Biden on March 12 is scheduled to sign into law the $1.9 trillion American Rescue Plan federal relief package for individual, businesses and governmental bodies suffering the negative economic impact from the Coronavirus (COVID-19) Pandemics, including $14 billion to distribute vaccines.

Economic Outlook for 2021 Expected to Rebound

Economic Outlook for 2021 Expected to Rebound

More than 150 business leaders representing 29 suburban chambers of commerce and industry, along with local government officials, participated in the 19th Annual Multi-Chamber Economic Outlook via Zoom video conferencing from Westmont Village Hall on March 3, featuring Anna Paulson of the Federal Reserve Bank of Chicago as a first-time Keynote Speaker.

ECCI Joins Coalition to Extend PPP Deadline

ECCI Joins Coalition to Extend PPP Deadline

The Elmhurst Chamber of Commerce and Industry today (March 2) signed onto the United States Chamber of Commerce’s coalition letter urging the U.S. Congress to extend the Paycheck Protection Program (PPP) application deadline from March 31 to December 31.