In CommitteeFiled Jan 29, 2026
Sponsor: Lakesia Collins
Latest Action
Pursuant to Senate Rule 3-9(b) / Referred to Assignments
Jul 2, 2026
Summary
The Senate bill allocates $700,000 from the General Revenue Fund to the Department of Commerce and Economic Opportunity. The funds are granted to the Illinois Center for Employee Ownership to expand education, outreach, and technical assistance for employee‑ownership transitions. It targets small businesses that are evaluating succession options through employee ownership.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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