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| | 104TH GENERAL ASSEMBLY
State of Illinois
2025 and 2026
SB3339 Introduced 2/4/2026, by Sen. Adriane Johnson SYNOPSIS AS INTRODUCED:
| | | Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Provides that the Department of Commerce and Economic Opportunity shall establish the Small Business Stabilization Grant Program to provide grants to eligible small businesses experiencing financial hardship. Effective immediately. |
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| | A BILL FOR |
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| | SB3339 | | LRB104 19653 HLH 33102 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 adding Section 605-1119 as follows:
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| 7 | | (20 ILCS 605/605-1119 new) |
| 8 | | Sec. 605-1119. Small Business Stabilization Grant Program. |
| 9 | | (a) The Department shall establish the Small Business |
| 10 | | Stabilization Grant Program to provide grants to eligible |
| 11 | | small businesses experiencing financial hardship, as |
| 12 | | determined by the Department by rule. |
| 13 | | (b) Subject to appropriation, grants under this Section |
| 14 | | shall not exceed $25,000 per business and may be used for |
| 15 | | working capital, payroll, rent, utilities, or equipment |
| 16 | | expenses. |
| 17 | | (c) The Department shall give priority to businesses with |
| 18 | | fewer than 10 employees and businesses located in economically |
| 19 | | distressed areas of the State. |
| 20 | | (d) The Department may adopt rules necessary to implement |
| 21 | | this Section.
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| 22 | | Section 99. Effective date. This Act takes effect upon |