HB3109 - 104th General Assembly
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| 1 | AMENDMENT TO HOUSE BILL 3109 | ||||||
| 2 | AMENDMENT NO. ______. Amend House Bill 3109 by replacing | ||||||
| 3 | everything after the enacting clause with the following: | ||||||
| 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: | ||||||
| 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. | ||||||
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| 1 | (b) In order to be eligible for a grant under this Section, | ||||||
| 2 | a 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 | ||||||
| 6 | place 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 | ||||||
| 10 | match, the business must also have submitted a final Phase | ||||||
| 11 | I report, demonstrated that the sponsoring agency has | ||||||
| 12 | interest in the Phase II proposal, and submitted a Phase | ||||||
| 13 | II 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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| 1 | received by a business through an SBIR/STTR Phase I proposal | ||||||
| 2 | up to a maximum of $75,000 $50,000. Seventy-five percent of | ||||||
| 3 | the total grant shall be remitted to the business upon receipt | ||||||
| 4 | of the SBIR/STTR Phase I award and application for funds under | ||||||
| 5 | this Section. Twenty-five percent of the total grant shall be | ||||||
| 6 | remitted to the business upon submission by the business of | ||||||
| 7 | the Phase II application to the funding agency and acceptance | ||||||
| 8 | of the Phase I report by the funding agency. A business may | ||||||
| 9 | receive only one grant under this subsection Section per year. | ||||||
| 10 | A business may receive only one grant under this subsection | ||||||
| 11 | Section with respect to each federal proposal submission. Over | ||||||
| 12 | its lifetime, a business may receive a maximum of 5 awards | ||||||
| 13 | under this subsection Section. | ||||||
| 14 | (c-5) The Department may, subject to appropriation, award | ||||||
| 15 | grants to match the funds received by a business through an | ||||||
| 16 | SBIR/STTR Phase II proposal up to a maximum of $250,000. Fifty | ||||||
| 17 | percent of the total grant shall be remitted to the business | ||||||
| 18 | upon receipt of the SBIR/STTR Phase II award and application | ||||||
| 19 | for funds under this Section. Fifty percent of the total grant | ||||||
| 20 | shall be remitted to the business upon submission by the | ||||||
| 21 | business of the Phase II final report to the federal funding | ||||||
| 22 | agency. A business may receive only one grant under this | ||||||
| 23 | subsection per year. A business may receive only one grant | ||||||
| 24 | under this subsection with respect to each federal proposal | ||||||
| 25 | submission. Over its lifetime, a business may receive a | ||||||
| 26 | maximum of 2 awards under this subsection. | ||||||
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| 1 | (d) A business shall apply, under oath, to the Department | ||||||
| 2 | for a grant under this Section on a form prescribed by the | ||||||
| 3 | Department that includes at least all of the following: | ||||||
| 4 | (1) the name of the business, the form of business | ||||||
| 5 | organization under which it is operated, and the names and | ||||||
| 6 | addresses of the principals or management of the business; | ||||||
| 7 | (2) an acknowledgment of receipt of the Phase I report | ||||||
| 8 | and Phase II proposal by the relevant federal agency; and | ||||||
| 9 | (3) any other information necessary for the Department | ||||||
| 10 | to evaluate the application. | ||||||
| 11 | (Source: P.A. 101-657, eff. 3-23-21; 102-813, eff. 5-13-22.)". | ||||||
