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Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Provides that the Department of Commerce and Economic Opportunity may award grants to match the funds received by a business through an SBIR/STTR Phase I proposal up to a maximum of $75,000 (currently, $50,000). Provides that the Department of Commerce and Economic Opportunity may award grants to match the funds received by a business through an SBIR/STTR Phase II proposal up to a maximum of $250,000. Provides that 50% of the total Phase II grant shall be remitted to the business upon submission by the business of the Phase II final report to the federal funding agency. Provides that a business may receive only one such grant per year. Provides that, over its lifetime, a business may receive a maximum of 2 such awards.
Introduced
Feb 18, 2025
Last Action
Apr 11, 2025
Session
IL 104th
Sponsors
1 primary · 0 co
Rule 19(a) / Re-referred to Rules Committee
Placed on Calendar Order of 3rd Reading - Short Debate
Second Reading - Short Debate
Placed on Calendar 2nd Reading - Short Debate
House Committee Amendment No. 1 Adopted in Appropriations-Public Safety and Infrastructure Committee; by Voice Vote
Do Pass as Amended / Short Debate Appropriations-Public Safety and Infrastructure Committee; 012-000-000
House Committee Amendment No. 1 Rules Refers to Appropriations-Public Safety and Infrastructure Committee
House Committee Amendment No. 1 Referred to Rules Committee
House Committee Amendment No. 1 Filed with Clerk by Rep. Barbara Hernandez
Assigned to Appropriations-Public Safety and Infrastructure Committee
Referred to Rules Committee
First Reading
Filed with the Clerk by Rep. Barbara Hernandez
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Rule 19(a) / Re-referred to Rules Committee