IllinoisSB3203104th General Assembly (2025–2026)Senate

$DCEO-GRANT-EMPLOYEE OWNERS

Sponsored By: Lakesia Collins (Democratic)

In Committee

Summary

Appropriates $700,000 from the General Revenue Fund to the Department of Commerce and Economic Opportunity for a grant to the Illinois Center for Employee Ownership for the purpose of expanding education, outreach, and technical assistance related to employee ownership transitions and supporting small businesses in evaluating and pursuing succession through employee ownership. Effective July 1, 2026.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Lakesia Collins

    Democratic • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Referred to Assignments

    2/2/2026Senate
  2. First Reading

    2/2/2026Senate
  3. Filed with Secretary by Sen. Lakesia Collins

    2/2/2026Senate

Bill Text

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