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| | HB3109 Engrossed | | LRB104 11458 HLH 21546 b |
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| 1 | | AN ACT concerning State government.
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| 2 | | Be it enacted by the People of the State of Illinois, |
| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Department of Commerce and Economic |
| 5 | | Opportunity Law of the Civil Administrative Code of Illinois |
| 6 | | is amended by changing Section 605-1055 as follows:
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| 7 | | (20 ILCS 605/605-1055) |
| 8 | | Sec. 605-1055. Illinois SBIR/STTR Matching Funds Program. |
| 9 | | (a) There is established the Illinois Small Business |
| 10 | | Innovation Research (SBIR) and Small Business Technology |
| 11 | | Transfer (STTR) Matching Funds Program to be administered by |
| 12 | | the Department. In order to foster job creation and economic |
| 13 | | development in the State, the Department may make grants to |
| 14 | | eligible businesses to match funds received by the business as |
| 15 | | an SBIR or STTR Phase I award and to encourage businesses to |
| 16 | | apply for Phase II awards. |
| 17 | | (b) In order to be eligible for a grant under this Section, |
| 18 | | a business must satisfy all of the following conditions: |
| 19 | | (1) The business must be a for-profit, Illinois-based |
| 20 | | business. For the purposes of this Section, an |
| 21 | | Illinois-based business is one that has its principal |
| 22 | | place of business in this State; |
| 23 | | (2) The business must have received an SBIR/STTR Phase |
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| | HB3109 Engrossed | - 2 - | LRB104 11458 HLH 21546 b |
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| 1 | | I award from a participating federal agency in response to |
| 2 | | a specific federal solicitation. To receive the full |
| 3 | | match, the business must also have submitted a final Phase |
| 4 | | I report, demonstrated that the sponsoring agency has |
| 5 | | interest in the Phase II proposal, and submitted a Phase |
| 6 | | II proposal to the agency. |
| 7 | | (3) The business must satisfy all federal SBIR/STTR |
| 8 | | requirements. |
| 9 | | (4) The business shall not receive concurrent funding |
| 10 | | support from other sources that duplicates the purpose of |
| 11 | | this Section. |
| 12 | | (5) The business must certify that at least 51% of the |
| 13 | | research described in the federal SBIR/STTR Phase II |
| 14 | | proposal will be conducted in this State and that the |
| 15 | | business will remain an Illinois-based business for the |
| 16 | | duration of the SBIR/STTR Phase II project. |
| 17 | | (6) The business must demonstrate its ability to |
| 18 | | conduct research in its SBIR/STTR Phase II proposal. |
| 19 | | (c) The Department may award grants to match the funds |
| 20 | | received by a business through an SBIR/STTR Phase I proposal |
| 21 | | up to a maximum of $75,000 $50,000. Seventy-five percent of |
| 22 | | the total grant shall be remitted to the business upon receipt |
| 23 | | of the SBIR/STTR Phase I award and application for funds under |
| 24 | | this Section. Twenty-five percent of the total grant shall be |
| 25 | | remitted to the business upon submission by the business of |
| 26 | | the Phase II application to the funding agency and acceptance |
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| | HB3109 Engrossed | - 3 - | LRB104 11458 HLH 21546 b |
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| 1 | | of the Phase I report by the funding agency. A business may |
| 2 | | receive only one grant under this subsection Section per year. |
| 3 | | A business may receive only one grant under this subsection |
| 4 | | Section with respect to each federal proposal submission. Over |
| 5 | | its lifetime, a business may receive a maximum of 5 awards |
| 6 | | under this subsection Section. |
| 7 | | (c-5) The Department may, subject to appropriation, award |
| 8 | | grants to match the funds received by a business through an |
| 9 | | SBIR/STTR Phase II proposal up to a maximum of $250,000. Fifty |
| 10 | | percent of the total grant shall be remitted to the business |
| 11 | | upon receipt of the SBIR/STTR Phase II award and application |
| 12 | | for funds under this Section. Fifty percent of the total grant |
| 13 | | shall be remitted to the business upon submission by the |
| 14 | | business of the Phase II final report to the federal funding |
| 15 | | agency. A business may receive only one grant under this |
| 16 | | subsection per year. A business may receive only one grant |
| 17 | | under this subsection with respect to each federal proposal |
| 18 | | submission. Over its lifetime, a business may receive a |
| 19 | | maximum of 2 awards under this subsection. |
| 20 | | (d) A business shall apply, under oath, to the Department |
| 21 | | for a grant under this Section on a form prescribed by the |
| 22 | | Department that includes at least all of the following: |
| 23 | | (1) the name of the business, the form of business |
| 24 | | organization under which it is operated, and the names and |
| 25 | | addresses of the principals or management of the business; |
| 26 | | (2) an acknowledgment of receipt of the Phase I report |