U.S. Congress Extends PPP Application Deadline by 2 Months

U.S. Congress Extends PPP Application Deadline by 2 Months

United States President Joseph R. Biden today is expected to sign into law the PPP Extension Act of 2021 (House Resolution 1799) to extend the deadline for qualifying businesses and not-for-profits organizations to apply for forgiveness-eligible Paycheck Protection Program (PPP) federal loan funding by two months from March 31 to May 31.

ECCI Endorses Push to Go BIG on Small Business Relief

ECCI Endorses Push to Go BIG on Small Business Relief

Endorsed by the Elmhurst Chamber of Commerce and Industry and Chicago-area chambers, the Small Business Advocacy Council (SBAC) is urging Illinois Governor J.B. Pritzker and state lawmakers to refund the Business Interruption Grant (BIG) Program using 25 percent of the state’s projected $7.549 billion in American Rescue Plan Act federal relief monies.

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.

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.