Bill > SB2295

This bill amends the Department of Commerce and Economic Opportunity Law to expand the department's contracting capabilities by explicitly allowing them to enter into contracts, grants, and loans with employment social enterprises. The bill introduces a new definition for "employment social enterprise," which is described as a non-profit or for-profit entity that provides services or produces goods while demonstrating a mission to provide employment and social support. This change broadens the department's existing authority to make contracts with various entities like local governments, private agencies, non-profit corporations, educational institutions, and for-profit businesses. By specifically including employment social enterprises, the bill aims to create more opportunities for organizations that prioritize both economic activity and social impact, potentially supporting job creation and community development initiatives. The contracts can be funded through various state funds, including the Build Illinois Bond Fund, Rebuild Illinois Projects Fund, Fund for Illinois' Future, Capital Development Fund, and General Revenue Fund.

Government Affairs

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2295&GAID=18&DocTypeID=SB&SessionID=114&GA=104