SB 3358 Illinois Senate · 101st Regular Session

DCEO-MATCHING FUNDS PROG

Summary
Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Establishes the Illinois Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Matching Funds Program to be administered by the Department of Commerce and Economic Opportunity. Provides that the Department of Commerce and Economic Opportunity may make grants to eligible businesses to match federal funds received by the business as an SBIR or STTR Phase I award and to encourage businesses to apply for Phase II awards up to a maximum of $50,000. Effective July 1, 2020.
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2020
Committee Review
Floor Vote
Governor
Introduced Feb 14, 2020 Last action Feb 14, 2020
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Committee
1
Feb 14, 2020
Senate · Referred to committee
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0 primary · 1 co-sponsor

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Photo of Elgie Sims
Elgie Sims
DDemocratic
IL
17