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IL HB5624
Bill
Status
Introduced
2/11/2026
Primary Sponsor
Jawaharial Williams
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AI Summary
- Appropriates $700,000 from the General Revenue Fund to the Department of Commerce and Economic Opportunity (DCEO)
- Funds a grant to the Illinois Center for Employee Ownership
- Supports expansion of education, outreach, and technical assistance for employee ownership transitions
- Assists small businesses in evaluating and pursuing business succession through employee ownership models
- Effective July 1, 2026
Legislative Description
$DCEO-GRANT-EMPLOYEE OWNERS
Last Action
Referred to Rules Committee
2/13/2026
Committee Referrals
Rules2/13/2026
Full Bill Text
No bill text available