Coronavirus update for 5.6.2020 – Short follow-up on Restore, PPP, & CARES 2
Chamber Members: We are halfway through the week, although it seems like we should be at the weekend already. This update is going to be light as most are likely still reviewing and talking about the Governors Restore Illinois plan. If you have missed out on the...
Coronavirus update for 5.5.2020 – Big Announcement on Reopening Phases & Regions
Chamber Members: Big news today! Governor Pritzker has announced a reopening plan that identifies five phases and divides that state into four regions. Each phase has specific benchmarks that need to be achieved before advancing onto the next phase which will allow...
Coronavirus update for 5.4.2020 – New Q & A on EIDL, PPP and Main Street Lending
Chamber Members: We hope that you had an enjoyable weekend! As we begin our first full week of May, we will continue to review and share information on moving forward to a responsible reopening. A lot has changed and developed since mid-March and we anticipate a...
Coronavirus update for 4.30.2020 – Report cards and further talk on reopening
Chamber Members: The sun has returned, and the rain has left us for now. Today this update is going to begin diving into a look at the issues at hand when we talk about a reopen. Also, today will be report card day for unemployment numbers and the economy. PPP Update...
Coronavirus 4.29.2020 update – Reopening Discussions and Useful Documents
Chamber Members: It was a gloomy day, but we have heard some great news on the funding side. A number of businesses and organizations have reported that their SBA EIDL grant money magically appeared in their bank accounts as early as Monday morning. We hope to hear...
Coronavirus 4.28.2020 update – PPP Audits & Some Reminders
Chamber Members: We are going to keep this light today as not much big news has surfaced. Hopefully, all is going well for you, your employees, and your organizations. Congress Returns Update House leaders today reversed course on plans to bring the chamber back into...
Coronavirus update for 4.27.2020 – PPP reopens, Court Orders, and Bail Outs
Chamber members: Today at 9:30 AM was the reopening of the SBA Paycheck Protection Program. The fund was replenished with $310 billion after running dry in the initial phase of lending. Going forward, a few announcements were made regarding limits on lenders. SBA...
Coronavirus 4.23.2020 update – Big Day of Announcements
Chamber Members: Today has become a day of big news. First, we heard from Governor Pritzker about the continuation of the stay at home order with some slight modifications. Then, just before this message was ready to go out, we received news that the House had voted...
Coronavirus 4.22.2020 update – Phase 4 proposals and Workers’ Comp Lawsuit
Chamber members: Today’s update is going to focus mainly on emerging proposals for a fourth stimulus bill. The list of items more individual payments, payroll security, state & local government funds, healthcare and front line “hazard” pay, additional testing, and...
Coronavirus update for 4.21.2020: More funds on the way? & Reopen Info
Chamber members: A light update today, but some breaking news is sure to brighten your day especially if you have been waiting on PPP or EIDL funding. The Senate has approved roughly $484 billion in new assistance for small businesses, hospitals, and more funding for...