IL HB3655

Department of Commerce and Economic Opportunity must create a small business financing program (subject to appropriation) to provide low-interest financing to small businesses that secure State contracts to help fulfill those contracts

Advertisements for small business set-aside contracts must be uniformly distributed to the small business community throughout Illinois

Department of Central Management Services must develop a scorecard for assessing bids from businesses with annual gross sales under $15,000,000, incorporating factors such as relevant experience, business location, years operating in Illinois, staff credentials, innovation, and socioeconomic factors

Small business size thresholds remain: wholesale businesses capped at $13 million annual sales, retail/service at $8 million, manufacturing at 250 employees, and construction at $14 million annual sales/receipts

Fair proportion of construction contracts set aside for small businesses must be between 25% and 40% of annual total construction contracts for executive branch agencies