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Appropriates $700,000 from the General Revenue Fund to the Department of Commerce and Economic Opportunity for a grant to the Illinois Center for Employee Ownership for the purpose of expanding education, outreach, and technical assistance related to employee ownership transitions and supporting small businesses in evaluating and pursuing succession through employee ownership. Effective July 1, 2026.
Introduced
Feb 2, 2026
Last Action
Feb 2, 2026
Session
IL 104th
Sponsors
1 primary · 0 co
Filed with Secretary by Sen. Lakesia Collins
First Reading
Referred to Assignments
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Referred to Assignments