Bill > HB1579

This bill establishes a new bid credit program administered by the Department of Commerce and Economic Opportunity to provide economic incentives for small and medium-sized manufacturers in Illinois, starting in fiscal year 2025. The program allows approved manufacturers to earn bid credits that can be used in future state contract bids, increasing their chances of being selected. Manufacturers will earn credits based on three key factors: the size of their business, their previous relationship with the state in the past five years, and the potential positive impact on the business's growth. The bill defines "small manufacturers" as businesses with fewer than 50 employees and "medium-sized manufacturers" as businesses with 50-200 employees, both primarily engaged in manufacturing activities. The Department will establish and publish the specific rate of bid credit earnings through administrative rules, with the goal of supporting and incentivizing smaller manufacturing businesses in Illinois to compete for state contracts. Additionally, the bill amends the Illinois Procurement Code to incorporate these new bid credits into the state's bidding processes, ensuring that credits earned under this new program will be recognized during bid evaluations.

Budget and Finance

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1579&GAID=18&DocTypeID=HB&SessionID=114&GA=104