Commerce

Elmhurst Chamber Of Commerce: President’s Message For November 2021


Pricey Members:

The Metropolis of Elmhurst ranks first of 5 Illinois municipalities ranked among the many High 100 “Finest Small Cities in America,” in accordance with a WalletHub research of affordability, security, native financial system, well being care and different elements starting from native eating places to colleges.

Sammamish, Washington, scored the No. 1 rating general, whereas Elmhurst ranked forty fifth, adopted by Highland Park (fiftieth), Wheaton (59th), Park Ridge (61st) and Glen Ellyn (sixty fourth).

Federal Aid Not Inflationary
The $1.9 trillion American Rescue Plan (ARP) Act of March 2021 and former federally-funded Coronavirus (COVID-19) aid packages have little influence on the annual charge of inflation, in accordance with a Federal Reserve Financial institution of San Francisco report launched in October.

Estimates recommend that whereas quickly elevating the vacancy-to- unemployment ratio, ARP will enhance the speed of inflation by about 0.3 share level per 12 months via 2022.

Small Enterprise Saturday
Vacation buyers alienated with the normal bedlam of Black Friday ought to assist Small Enterprise Saturday by procuring regionally on November 27—whether or not completed in individual or on-line.  You’ll find an incredible mixture of distinctive items and distinctive providers to buy for household and buddies, whereas contributing to the well-being of your neighborhood’s financial system.

Since its 2010 inception by American Categorical, Small Enterprise Saturday has generated an estimated $133 billion in client spending.  In 2020—this system’s eleventh Anniversary 12 months—an estimated 110 million shoppers shopped and/or dined on Small Enterprise Saturday, producing a file $19.8 billion in spending, a rise of $200 million from 2019, in accordance with the Small Enterprise Saturday Shopper Insights Survey.

Survey responses for 2020 indicated that 97 p.c of shoppers who shopped or dined on Small Enterprise Saturday agree that small companies are important to their neighborhood.  As a result of Coronavirus (COVID-19) Pandemic, a file 56 p.c of shoppers reported procuring on-line with small companies on that day.  Some 43 p.c of shoppers shopped at small companies providing specials or promotions.

Immediately, small companies account for some 31.7 million U.S. companies (a million minority-owned and 1.1 million girls owned), which make use of 47.1 p.c of these working within the personal sector and create two out of each three new jobs. For a lot of communities, gross sales taxes account for a municipality’s largest supply of funds income, usually offsetting any want for a property tax enhance.  Residence-rule municipalities like Elmhurst profit much more from native taxes on meals and beverage, retail, motor gasoline, and so on. Extra importantly, 68% of each $1 spent at a neighborhood small enterprise stays locally, as in comparison with 44% from an enormous field retailer.

So there are quite a few advantages to procuring “small” this vacation season—and all 12 months ‘spherical.

Second Nashville Songwriter Fundraiser
Thanks partially to Metropolis of Elmhurst Discover Elmhurst Group Grant funding assist, our Chamber and American Legion THB Submit 187 co-hosted the Second Annual Nashville Songwriter Fundraiser within the Normandy Room on October 16, elevating some $15K to learn the our hometown veterans group.

The Nashville Songwriter occasion featured the return of nation singer/songwriter Jason Sever, a local Texan who has labored the previous 20 years in Music Metropolis U.S.A, as a headlining solo artist, studio musician and ensemble performer, together with acclaimed singers, songwriters and file producers Frank Myers and Anthony Smith.

Click on HERE to view Elmhurst TV protection or watch on Comcast Channel 6 and AT&T U-Verse Channel 99 in November on Saturdays at 7 p.m.

Multi-Chamber Danube River Cruise
Our Chamber is amongst a dozen West Suburban Chamber of Commerce Executives (WSCCE) members partnering to host an Wonderful Danube River Cruise aboard the 5-star MS Amadeus from October 12-21, 2022, together with an non-obligatory pre-cruise, three-night keep in Prague.

 

102nd Annual Awards Gala

You may watch Elmhurst TV protection of our Chamber’s 102nd Annual Awards Gala staged within the Normandy Banquet Room at American Legion THB Submit 187 on September 8 via November on Thursdays at 6 p.m. on Comcast Channel 6 and AT&T U-Verse Channel 99, or click on HERE to view on-line.

New Members
Our Chamber welcomed three new members in October as follows:  La Jolie MLN Boutique, Runningboards Advertising and marketing DuPage and The Sandlot Sports activities Playing cards & Collectibles.

Comfortable Anniversary
One member is celebrating a Chamber anniversary in November as follows:  25 years—Yorky’s Quick Meals.

Dropped Members
The Chamber mentioned goodbye to the next seven members in October:  Elm Graphics, Elmhurst Orthopaedics, Hyatt Home Chicago Oak Brook, J.P.’s Landscaping, Koirzenowski Design, Stray Hen Cafe and Uptown Eatery.


This press launch was produced by the Elmhurst Chamber of Commerce. The views expressed listed here are the creator’s personal.

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