Sen. Elgie R. Sims, Jr.
Filed: 3/15/2019
 
 

 

 

 
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1
AMENDMENT TO SENATE BILL 1608 




2    AMENDMENT NO. ______. Amend Senate Bill 1608 by replacing 
3everything after the enacting clause with the following:

 
4    "Section 5. The Department of Commerce and Economic 
5Opportunity Law of the
Civil Administrative Code of Illinois is 
6amended  by adding Section 605-1025 as follows:
 
7    (20 ILCS 605/605-1025 new)
8    Sec. 605-1025. Illinois SBIR/STTR Matching Funds Program.
9    (a) There is established the Illinois Small Business 
10Innovation Research (SBIR) and Small Business Technology 
11Transfer (STTR) Matching Funds Program to be administered by 
12the Department. In order to foster job creation and economic 
13development in the State, the Department may make grants to 
14eligible businesses to match funds received by the business as 
15an SBIR or STTR Phase I award and to encourage businesses to 
16apply for Phase II awards. 
 
 
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1    (b) In order to be eligible for a grant under this Section, 
2a business must satisfy all of the following conditions: 
3        (1)        The business must be a for-profit, Illinois-based 
4    business. For the purposes of this Section, an 
5    Illinois-based business is one that has its principal place 
6    of business in this State; 
7        (2)        The business must have received an SBIR/STTR Phase 
8    I award from a participating federal agency in response to 
9    a specific federal solicitation. To receive the full match, 
10    the business must also have submitted a final Phase I 
11    report, demonstrated that the sponsoring agency has 
12    interest in the Phase II proposal, and submitted a Phase II 
13    proposal to the agency. 
14        (3)        The business must satisfy all federal SBIR/STTR 
15    requirements. 
16        (4)        The business shall not receive concurrent funding 
17    support from other sources that duplicates the purpose of 
18    this Section. 
19        (5)        The business must certify that at least 51% of the 
20    research described in the federal SBIR/STTR Phase II 
21    proposal will be conducted in this State and that the 
22    business will remain an Illinois-based business for the 
23    duration of the SBIR/STTR Phase II project. 
24        (6)        The business must demonstrate its ability to 
25    conduct research in its SBIR/STTR Phase II proposal. 
26    (c) The Department may award grants to match the funds 
 
 
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1received by a business through an SBIR/STTR Phase I proposal up 
2to a maximum of $50,000. Seventy-five percent of the total 
3grant shall be remitted to the business upon receipt of the 
4SBIR/STTR Phase I award and application for funds under this 
5Section. Twenty-five percent of the total grant shall be 
6remitted to the business upon submission by the business of the 
7Phase II application to the funding agency and acceptance of 
8the Phase I report by the funding agency. A business may 
9receive only one grant under this Section per year. A business 
10may receive only one grant under this Section with respect to 
11each federal proposal submission. Over its lifetime, a business 
12may receive a maximum of 5 awards under this Section. 
13    (d) A business shall apply, under oath, to the Department 
14for a grant under this Section on a form prescribed by the 
15Department that includes at least all of the following: 
16        (1)        the name of the business, the form of business 
17    organization under which it is operated, and the names and 
18    addresses of the principals or management of the business; 
19        (2)        an acknowledgment of receipt of the Phase I report 
20    and Phase II proposal by the relevant federal agency; and 
21        (3)        any other information necessary for the Department 
22    to evaluate the application.".