Tariff Reprieve Offers Short-Term Relief for Illinois Businesses—But Uncertainty Remains
Disclaimer: This information is accurate as of 9:37 AM on April 14, 2025. On April 14, 2025, the Trump administration announced a temporary exemption from steep tariffs on certain electronics imported from China, including smartphones, laptops, and semiconductors. This move provided immediate relief to the technology sector, which had been under pressure due to escalating trade tensions and supply chain concerns. Apple shares rebounded strongly, rising 5.3%, while the broader Nasdaq increased by 2%, the
From Peoria to Springfield: The Chamber’s Advocacy Efforts
At the Peoria Area Chamber of Commerce, we know that advocacy is a vital part of ensuring a thriving business community. Businesses, from small startups to major employers, are impacted by policies and regulations that shape our economy. Business advocacy has been central to the Chamber's mission since we were founded nearly 115 years ago and continues to be central to our mission today. We are here to be the voice for business, ensuring that our members’ concerns are heard and that policies support a
Celebrating 50 years of Leadership Development in Peoria
Celebrating 50 Years of Leadership Development in Peoria The Peoria Area Chamber of Commerce is proud to announce the kickoff of this year’s Community Leadership School—an enduring tradition that has been shaping the future of the Peoria area for half a century. This milestone year marks 50 years of investing in the leaders of tomorrow, equipping them with the knowledge and tools to address the challenges facing our community and inspiring them to make a lasting impact. At its core, Community Leadership
The 2025 Roundup: Buckle Up, it is Going to be a Bumpy Ride
Last year,Illinois legislators were exceptionally busy, and that means big changes for employers in 2025. It is hard enough for employers to keep up under normal times, now it is downright frustrating. But never fear -- the Peoria Chamber has got your back! The following is a list of some of the most impactful changes that went into effect on January 1, 2025. Illinois Pay Transparency The biggest change has been in the making for a number of years. Effective January 1, 2025, Illinois employers with
Peoria, IL SBOs: What to Know About the CTA, BOI and FinCEN Changes
The Corporate Transparency Act may require certain U.S. companies to disclose beneficial ownership information to FinCEN to combat financial crimes. While a Texas federal district court’s preliminary injunction puts this requirement on hold, many experts expect that to be overturned. In that event, failure to file could lead to fines of $500 per day, up to a maximum of $10,000, and possible criminal penalties. However, filing your Beneficial Ownership Information (BOI) report will help you avoid fines
Peoria Area Chamber Unveils Rebrand at 49th Annual Thanksgiving Luncheon
The Peoria Area Chamber of Commerce proudly revealed its new brand identity at the 49th Annual Thanksgiving Luncheon, marking the beginning of an exciting new chapter for the organization. This comprehensive rebrand, centered on the theme “The Journey Forward Starts Now,” underscores the Chamber’s commitment to evolving with the needs of local businesses and fostering growth in the Peoria community. “Our new brand represents a bold step forward,” said Chamber CEO Jessica Linder Gallo during the