Amends the Illinois Procurement Code to align small business size standards with federal guidelines.
HB2833 amends the Illinois Procurement Code to align the state's small business size standards with the United States Small Business Administration's Table of Small Business Size Standards. It specifies maximum annual sales and employee limits for various business types, including wholesale, retail, manufacturing, and construction. The bill also mandates that a fair proportion of construction contracts be set aside for small businesses, between 25% and 40% of the annual total.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.