Signed by Governor JB Pritzker

Vote Smart's Synopsis:

Vote to concur with House amendments and pass a bill that establishes new commissions and includes additional racial diversity requirements in state purchasing policies.

Highlights:

• Specifies conditions that must be met to receive grant funding from the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Matching Funds Program (Sec. 5.b):

• The business must be a for-profit, Illinois-based business;

• The business must have received an SBIR/STTR Phase I award from a participating federal agency in response to a specific federal solicitation. The business must also have submitted a final Phase I report, demonstrated that the sponsoring agency has an interest in the Phase II proposal, and submitted a Phase II proposal to the agency.

• The business must satisfy all federal SBIR/STTR requirements;

• The business must not receive concurrent funding support from other sources that duplicates the purpose of this Section;

• The business must certify that at least 51% of the research described in the federal SBIR/STTR Phase II proposal will be conducted in this State and that the business will remain an Illinois-based business for the duration of the SBIR/STTR Phase II project; and

• The business must demonstrate its ability to research its SBIR/STTR Phase II proposal.

• Authorizes the Department of Commerce and Economic Opportunity to match the funds received by a business through an SBIR/STTR Phase I proposal up to a maximum of $50,000 (Sec. 5.c).

• Requires the Department of Commerce and Economic Opportunity include at least all of the following (Sec. 5.d):

• The name of the business, the form of business organization under which it is operated, and the names and addresses of the principals or management of the business;

• An acknowledgment of receipt of the Phase I report and Phase II proposal by the relevant federal agency; and

• Any other information necessary for the Department to evaluate the application.

Full Bill Text

Vote Smart's Synopsis:

Vote to amend and pass a bill that establishes new commissions and includes additional racial diversity requirements in state purchasing policies.

Highlights:

• Specifies conditions that must be met to receive grant funding from the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Matching Funds Program (Sec. 5.b):

• The business must be a for-profit, Illinois-based business;

• The business must have received an SBIR/STTR Phase I award from a participating federal agency in response to a specific federal solicitation. The business must also have submitted a final Phase I report, demonstrated that the sponsoring agency has an interest in the Phase II proposal, and submitted a Phase II proposal to the agency.

• The business must satisfy all federal SBIR/STTR requirements;

• The business must not receive concurrent funding support from other sources that duplicates the purpose of this Section;

• The business must certify that at least 51% of the research described in the federal SBIR/STTR Phase II proposal will be conducted in this State and that the business will remain an Illinois-based business for the duration of the SBIR/STTR Phase II project; and

• The business must demonstrate its ability to research its SBIR/STTR Phase II proposal.

• Authorizes the Department of Commerce and Economic Opportunity to match the funds received by a business through an SBIR/STTR Phase I proposal up to a maximum of $50,000 (Sec. 5.c).

• Requires the Department of Commerce and Economic Opportunity include at least all of the following (Sec. 5.d):

• The name of the business, the form of business organization under which it is operated, and the names and addresses of the principals or management of the business;

• An acknowledgment of receipt of the Phase I report and Phase II proposal by the relevant federal agency; and

• Any other information necessary for the Department to evaluate the application.

Full Bill Text