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IL SB3339
Bill
Status
Introduced
2/4/2026
Primary Sponsor
Adriane Johnson
Click for details
AI Summary
- Establishes the Small Business Stabilization Grant Program within the Department of Commerce and Economic Opportunity (DCEO) to provide grants to small businesses experiencing financial hardship
- Grants are capped at $25,000 per business and may be used for working capital, payroll, rent, utilities, or equipment expenses
- Priority is given to businesses with fewer than 10 employees and those located in economically distressed areas of the State
- DCEO will determine eligibility criteria and financial hardship definitions through administrative rulemaking
- Takes effect immediately upon becoming law
Legislative Description
DCEO-SMALL BUSINESS GRANT
Last Action
Rule 2-10 Committee Deadline Established As April 24, 2026
3/13/2026
Committee Referrals
Appropriations2/17/2026
Assignments2/4/2026
Full Bill Text
No bill text available